Crypto was meant to unseat the financial giants. 5 billion contraction represents a 17. Partially collateralized stable coin that captures value by being backed by a reserve of assets. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. 8 billion — or 7. A guide to stable crypto money. Guaranteed redemption for $1 USD. 1 comment. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. at the end of year 5, you will have 1. Stablecoins minimize typical cryptocurrency. 2 million in equivalent has been permanently lost. Name. 73mil in bonds which will require the system to pay out 3. 1. Treasury bonds. That ratio of collateral to DAI is algorithmically calculated to maintain the stable pegged price of 1 DAI = $1. Most important of all, Binance USD is the preferred choice of stablecoin for people interested in using Binance exchange for transactions of crypto assets. Managing Stability and Market Risks . 2 million worth of Binance Coin. Elephant Money Farms. I like to take some more risk and higher yields. It is collateralized against 75% BUSD and 25% ELEPHANT. 00% in the last 24 hours. This decoupling compromised the algorithm and sent both cryptocurrencies into a nose-dive. The DeFi projects token on the Binance Smart Chain dropped suddenly and hard leaving those in the platform no time to take correcti. news/post/e. io to mitigate smart contract risk. $79. 56% daily. StoriesIn a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. USDC can be sent and received instantly through Circle or on. 10). Trunk Coin describes itself as a PoS / Masternode cryptocurrency and a one-stop solution for cryptocurrency wallets. The documentation consists of the following pages: Overview. S. You will always earn 2. If the price of the stablecoin starts veering up or down from the value of the asset it is pegged to, then the supply of the stablecoin can be adjusted to get the price back to where it should be. Both collateral assets are securely stored in treasuries. Dexscreener Elephant/WBNB. The main reason to buy and hold stablecoins. These coins are kept stable through a computer program running a preset formula; hence, its name. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. Their market capitalization has grown exponentially over the last couple of years, from $5 billion in 2019 to around $180 billion in 2022. It. For example, if functioning correctly a stablecoin pegged to the U. Reward credits are based on the bond float of Stampede. 8M BUSD to H1, 64,450B. ELEPHANT - Coingecko. Stable coins have seen a huge surge in popularity mainly because they are used in DeFi transactions. Tron is a delegated proof-of-stake blockchain that hit an all-time high of $0. On July 17, IBM announced its involvement in a U. 7. So this is like 20 steps but since it’s polygon it’s cheap to do. The DAI coin is treated as debt issued to the user and is issued at a rate that effectively over-collateralizes the DAI issued (i. 14 Digix Gold Token DGX $ 51. Use the Reserve to mint Elephant Money Stable (TRUNK). Lastly, the third one. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. 3. Please enjoy my video review on Elephant Money's new 205% APR Stampede Bond and how it uses partially collateralized Stablecoin TRUNK, a complimentary addition to the. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. W hitepaper - ELEPHANT. TRUMPET. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. Liquidity Management (Stability) Launch & Initial Token Distribution. 米ドルステーブルコイン・日本円ステーブルコイン・ユーロステーブルコイン・ゴールド. The total market capitalisation for stablecoins continues to rise and is now estimated to have reached over $180 billion. The main types of stablecoins are fiat-collateralized and crypto. dollar-pegged stablecoin issued by Tether on the TRON blockchain and it is one of the most popular coins asides from BTCTRON, ETHTRON, and TRC20-TUSD. The end result after a year of higher highs, Elephant Money (in my. S. S. Register Now. This week, one popular so-called algo coin cratered, wiping out billions of dollars’ worth of value in just a few days. ago. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder said they are working with their. You. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. 36%) Domínio BTC: 44. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. 5 billion in Bitcoin trying to stabilize. In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. 2 million worth of Binance Coin. 05X times your total deposited amount. November 16, 2023 at 5:51 AM PST. Rank. dollar, making them less volatile. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. The first year was the worst offender, because it paired spindly hinges with tree-trunk-stable click joints. But there is one cryptocurrency that is designed to be the exact opposite. Our easy to use TRUNK / USD Converter will calculate any amount you wish at the real-time exchange rates. Elephant Money - Introducing the TRUNK Stablecoin. Bilgisayar korsanları bu saldırıyı birkaç kez gerçekleştirdi; Elephant Money. Use the Reserve to mint Elephant Money Stable (TRUNK). TRUMPET Token - Additional Details. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. Moreover, the interconnectedness of stablecoins with the wider financial system continues to deepen. 100% Upvoted. The declining market caps of these stablecoins confirm this. 01 JPY Coin v1 JPYC $ 0. TRUNK COIN. % Rolls. Their low transaction costs and traditional asset. ELEPHANT - Live Coin Watch. 2130. Below is a list of the top five stablecoins we have identified that each have their own unique characteristics and all are supported by Trust Wallet. When 1 UST is less than $1. 29 in January 2018. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. Binance trading fees: maximum of 0. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. dollar in a 1:1 ratio, meaning that USDD maintains its value at a fixed exchange rate to the U. The majority of the dozens of stablecoins that currently exist use the dollar. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. USD Coin, Tether, Binance USD, Gemini Dollar, DAI, among many others). TRUNK's market cap is $7. These stablecoins are often advertised as being supported or backed by a variety of “reserve assets. Unlimited NFT's. TRUMPET. USDT (TRC-20) is a U. ago. It generally isn't always stable. USD Coin (USDC) is a popular stablecoin that is pegged to the U. Enhancing the safety of the Libra payment system with a robust compliance framework. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. Elephant Money’s ‘TRUNK’ Token — How To Turn $1 To $26k+ At Odds Of Just 900/1 Elephant Money: How To Win In The Ecosystem For A Potential 100X. 58 Karatgold Coin KBC $ 0. Fiat-Backed Stablecoins. 1. They are backed by fiat currency (a government-issued currency), like USD and EUR, as collateral to supply a certain amount of digital coins. Firstly, Tether has very little actual cash backing USDT since most of the assets backing the stablecoin are various forms of debt and other digital assets. Like many. A stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money, exchange-traded commodities (such as precious metals or industrial metals), or another cryptocurrency. Elephant Money Futures Vaults. Stampede Perpetual Bonds. DRIP uses a single token for DRIP, while Elephant money uses 2: Elephant, and Trunk (a stablecoin hybrid). [1]There are four main types of stablecoins in circulation: fiat-backed, commodity-backed, crypto-backed and algorithmic. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. We update our USTC to USD price in real-time. dollar. Only problem is that it relies on the issuing party being properly regulated and honoring deposits and withdrawal as they should. Wrapped Bitcoin (WBTC) is another example of a crypto-backed stablecoin. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. 12 July 2023, 18:55 GMT+0000. Tether is another stablecoin option which I do not use t the moment. Suzxy •. With trunk, you are able to compound your earnings when you stake your trunk. Less than two years into its existence, BUSD is already the world's third-largest stablecoin by market cap, behind USDT and USDC. Stable coins are so-called (mostly) pegged to a Dollar. ステーブルコイン(英: Stablecoins )とは、その価格が法定通貨、または市場で取引されるコモディティ(貴金属や工業用金属等の商品)などと連動(ペッグ)するよう設計されている暗号通貨である 。. Gold and silver are the most popular commodities kept as the underlying collateral. You can exchange BUSD to mine TRUNK and then stake it directly on the platform for a 60% to 75% APR. More popular stablecoins, such as tether (USDT - $82 billion market cap) and USD Coin (USDC - $50 billion market cap), are backed by assets such as fiat dollars in a bank account, treasuries, or. On May 9, 2022, UST's price plummeted to as low as $0. USD Digital (USDD) officially made its debut on May 5, 2022, as a stablecoin on Tron, BNB Chain, and Ethereum blockchains. 1. UST (Stablecoin)Stablecoins are a type of digital currency that is supposed to be pegged one-to-one with a fiat currency such as the U. Fiat-collateralized stablecoins are the most common type and the simplest structure of stablecoins. Stablecoins are cryptocurrencies "pegged" to a fiat currency. The Fed's latest "Financial Stability Report" issued a potentially well-timed warning that the. The Federal Reserve ’s top bank watchdog said crypto stablecoins could amount to private money that might be. TRUNK is over-collateralized by BUSD with deep liquidity. Indeed many seasoned Crypto YouTubers don't understand that there is a humungous difference between APY% and APR%. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. 68. Elephant Money Futures Vaults. ELEPHANT - Nomics. ELEPHANT. These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. S. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. S. It eats the leaves of trees, and it has a long neck. Stable coins backed by cryptocurrencies are supported by a cryptocurrency. The algorithm sets the rules for balancing the supply and demand of the stablecoin. Money and InsurAce. dollar — and issue the. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . Fiat-Backed Stablecoins. The coins are collateralized with cryptocurrency assets and the value can be determined from those assets. Currently 69% APR . It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. S. In addition, Tether (USDT) is a native token of the Tether network. Unlimited NFT's. The cryptocurrency was initially created by Binance, and it is the most significant trading volume. “Since the token value after the attack is more than the cost, the attacker can get around $4 million profit in one round of the attack,” BlocSec said. Step 4: Swap 34,244,200,239,512. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars. MONEY STABLE is a future-proof way to compound profits made across your portfolio. , as well as a tutorial on how to solve a nonlinear optimization problem with Ipopt. Gold and silver are the most popular commodities kept as the underlying collateral. 01 bitCNY BITCNY $ 0. Elephant Money Futures Vaults. This mechanism is of course subject to the limits described in (2). Official Trackers. Log in or sign up to leave a comment. Coin, or U. ”. 75% in the last 24 hours. It is pegged to the U. Elephant Money Stable (TRUNK) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20)Join us on social networks. ELEPHANT Token Supply Management System (Growth) Elephant Money Futures Vaults. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. How stablecoins work. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. The algorithm controls the coin’s demand and supply, which are dictated by. This attack was carried out several times, and according to Elephant Money, a total of $11. 2 million coins and since then, the UST supply has increased by 132,504%. TRUNK Rolled. The notion of something called a stablecoin may strike some as an oxymoron. In most cases, a stablecoin fixes its rate on a one-to-one basis. Here is what experts say investors should know about the novel class of cryptos dominating headlines in recent weeks. Stablecoins are meant to provide a predictable haven within the volatile world of cryptocurrency, but they haven't always been as stable as the name promises. The system keeps track of the total quantity of stable-coins in circulation. Circulating Supply. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . the collateral deposited by the user is generally worth more than the DAI they get in return). The current CoinMarketCap ranking is #269, with a live market cap of $119,607,972 USD. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. scalciaregt • 2 yr. 85 at one point late Monday. Fiat currency digital asset is the most popular use case for stablecoins. According to some reports, Elephant Money, a decentralized “yield farming” protocol on BNB Chain with native token ELEPHANT and stablecoin TRUNK, has suffered from an attack on its reserve. Stablecoins, a brand-new segment of the cryptocurrency market, are the outcome. We update our TRO to USD price in real-time. Count Withdrawn. It will help the channel grow and proceeds will be given back to our community. Stablecoins are cryptocurrency coins that attempt to reduce the natural volatility inherent in cryptocurrencies. 2 million in equivalent has been permanently lost. A stablecoin is a cryptocurrency just like Bitcoin or Ether. Check out a working copy from a repository. Circulating Supply. We provide up-to date binary packages for each of these that you can download from the COIN-OR download page on Bintray. dollar, is the second-largest stablecoin in circulation and the fourth-largest token of any kind. You can see that with stampede, someone grew their account of 10k to 3. A stablecoin is a cryptocurrency designed to maintain a steady value by being tied to a more stable asset like a traditional currency or gold. Game Claim 5BTC BitcoinETF Get BTCETF Trunk is the elephant money’s stable coin. S. Circulating Supply. Check out our AI powered knowledge base Elephant Money TRUNK is the best collateralized stable coin yet (75% BUSD, 25% Elephant Token) which solves the issues found in failed algorithmic stable coins $BDO, and $TITAN because they were pegged. A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U. TRUNK is over-collateralized by BUSD with deep liquidity. Users can convert their stable-coins into vol-coins or their vol-coins into stable-coins at a rate of $1 worth of vol-coin per stable-coin, perhaps with a 0. Stampede throws off only 0. Elephant Money Farms. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. The working of these stablecoin is a complex. Token Mechanics - Mint & Redeem. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. But there is one cryptocurrency that is designed to be the exact opposite. These are widely used. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. But then recently I found the TRUNK token on the BSC, which is also pegged to around $1. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. Definition. 55mil trunk over the next year. Mint and Redeem taxes ensure the TRUNK/TRUMPET ratio can only ever increase. Summary: USD Coin (USDC), created by Circle Internet Financial, LLC (NMLS ID# 1201441), is the most secure and reputable stablecoin in the digital asset arena. , one unit of a dollar-pegged stablecoin may be equal to $1. We are working with our partners at Certik /InsurAce to. and Europe, as well as a consumer flight to safety in the crypto. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. 752 Trunk. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. 1. Stablecoins are a class of cryptocurrency that aims to provide price stability. PAX (Paxos. 14 1irstGold 1GOLD $ 58. This doesn’t work for all stablecoins, especially those tied to the US dollar. 0 TRUNK to 44,156 BUSD . invested in an owned account. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. Stampede bonding trunk you get 205% and daily compo. . 2 million worth of Binance Coin. Release is a one-to-many association with trunk. S. 206396. USDT can be used to purchase products. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. All About TRUNK 22024 Elephant Money Stable TRUNK $0. High Yield with Zero Fees / Taxes. S. Posted by 27 days ago. 1/8 The STABLE Act would represent a huge step backwards for digital currency innovation in the United States, limiting the accelerating progress of both the blockchain and fintech industry. 55mil trunk over the next year. dollar. Microsoft has exposed Tarrask, a piece of malware from a likely China-backed, state-sponsored hacking group that targets Windows machines by. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. The most popular kind of stablecoins are fiat-backed stablecoins. 100% Upvoted. You. 8 billion — or 7. dollar, and is then directly convertible to fiat currency by the issuer of the stablecoin. Its purpose is to serve as a stable coin, meaning it is pegged to the US Dollar at a 1:1 ratio. stablecoin. Press J to jump to the feed. Lock in your gains. 2. 28 Moremoney USD MONEY $ 1. Microsoft: These hackers are using a simple trick to hide their Windows malware | ZDNet Liam Tung is a full-time freelance technology journalist who writes for several Australian publications. ELEPHANT - Live Coin Watch. Yahoo - ELEPHANT. 58% on a DRIP/BUSD stake sounds pretty good…until you realize that the stake value is draining because of the falling value of Drip. ELEPHANT is Elephant. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. Stablecoins are a type of cryptocurrency linked to an asset like the U. For now, this guide focuses mainly on the migration from SVN to git in order to help everyone get on a solid footing with the move to GitHub. ELEPHANT is used to generate yield for TRUNK and support the peg. TronDAO said in a tweet that it added $650 million of USDC to its reserve. Check the charts, TRUNK to USD calculator, and more on Coinpaprika. 2. They aim to offer all the benefits of. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. By implementing this strategy. 15 June 2023. Whereas bitcoin’s price fluctuates sharply, stablecoins are designed to be wor. Projects currently included in the COIN-OR Optimization Suite are listed below. Interestingly, the asset’s availability on the Ethereum. Log In Sign Up. The issuer builds their coin on a blockchain platform that supports smart contracts. Beginner. S. 8 BUSD is equal to the value of 276. The UST stablecoin was built to deliver DeFi ( decentralized finance) trading on the Terra ecosystem. Key Highlights. Bitcoin, the bellwether for the crypto market, took a beating this week. It has faced controversies in the past. Elephant. Algo peg to the dollar. . Decentralised finance, or DeFi for short, is a system in which customers can access financial products directly on a decentralised blockchain network, without the need for middlemen such as banks and…Elephant Money is a unique financial ecosystem that aims to implement a voluntary, sustainable, and permissionless global economic engine. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. Tron founder Justin Sun announced the development in an open letter. 5M and its 24h trading volume is $85K. 🔔Cassida Coin Counter, Sorter, Wrapper Ultimate Solution for Effortless Coin Management🔔. High Yield with Zero Fees / Taxes. If PATH is omitted, the basename of the URL will be used as the destination. dollar. Unlimited NFT's. Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. is taking steps to become one of the world’s top Bitcoin miners, as the $87 billion stablecoin operator makes a hefty. 9. TRUNK is over-collateralized by BUSD with deep liquidity. An algorithm manages the relationship between these two coins to attempt keeping the stablecoin pegged to the reference. Now, even though the data suggests that IDR-pegged coins have low volatility in general, we wouldn’t personally use them as stores of value since the rupiah has had a 43. Vladislav Sopov ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell Contents "Traditional price manipulation attack" results in $11. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. Coins. Elephant Money - Introducing the TRUNK Stablecoin. Tron will launch its decentralized algorithmic stablecoin called USDD (Decentralized USD) on May 5, 2022. ELEPHANT. Turn on the mining software without overclocking. The opposite can be said about stable coins. 04 mStable USD MUSD $. S. Stablecoins, as the name suggests. 1. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. TL;DR. They then follow the narrative of: One Dollar-Pegged Coin (USDT, DAI, or USDC) = $1. In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U. 013318 USD with a 24-hour trading volume of $7,314,866 USD. Some stablecoins are pegged to a fiat currency such as the U. Currently 69% APR . Coins. The firm previously said USD Coin was backed 1:1. hide. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium.