By Ehis Ohiwerei. Elephant. TRUMPET - How It Works. Stablecoins bridge the worlds of cryptocurrency and everyday fiat currency because their prices are pegged to a reserve. Thus, it is correct to forecast success in the fate of the asset. By Ehis Ohiwerei. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. S. . MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token (ELEPHANT), and a stable coin (TRUNK). 50. For example, in the U. 25 billion but is widely distrusted by crypto exchanges and traders. Elephant money is a true deflationary coin that will see a supply shock, mooning this token. Maximum APY you can get is 8. They can be linked to the cost of commodities including gold, silver, oil, diamonds, real estate, and more. Stampede Perpetual Bonds. io to mitigate smart contract risk. MONEY implements an open global economic engine for stable coin yield. ELEPHANT is Elephant. Stablecoins are cryptocurrencies "pegged" to a fiat currency. By implementing this strategy. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. "," ",". Trumpet Features. , as well as a tutorial on how to solve a nonlinear optimization problem with Ipopt. 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. Stampede throws off only 0. Elephant Money Farms. While cryptocurrencies such as bitcoin and ether are appealing for their ability to allow anyone to make payments without the need for a trusted middleman, they often. Tether is another stablecoin option which I do not use t the moment. Press J to jump to the feed. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . The total stablecoins market cap started the year at $167. Stable currencies are more useful as a store of value and medium of exchange. Stablecoins by Market Cap and Volume. Unlimited NFT's. It uses a proof-of-stake (PoS) system where the native Terra’s LUNA token is staked for mining Terra transactions. 04 mStable USD MUSD $. com and the amount of stablecoins you deposit. On May 9, 2022, UST's price plummeted to as low as $0. ELEPHANT. 2. TRUNK - Nomics. Step 4: Swap 34,244,200,239,512. The stablecoin is named TRUNK. The Reasons, Risks and Types to Know. Blame the stablecoins. W hitepaper - ELEPHANT. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. Lock in your gains. Bitcoin, the bellwether for the crypto market, took a beating this week. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. 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 partners. 56% daily. Count Withdrawn. Elephant Money, a stable coin platform that uses the TRUNK token became a victim of the flash loan attack, which manipulated a token price oracle leading to a loss of $22. You. Stampede Perpetual Bonds. 4. Moreover, the interconnectedness of stablecoins with the wider financial system continues to deepen. Stampede Perpetual Bonds. 85 at one point late Monday. dollar, making them less volatile. 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 are cryptocurrencies that claim to be backed by fiat currencies. S. 2 million in equivalent has been permanently lost. . MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. S. Stablecoins in cryptocurrency seem to hold the key to bridge the gap between the benefits of cryptocurrencies and the somewhat more stable nature that fiat currencies offer. IN under five years, USD coin (USDC), the $38 billion blockchain-based digital dollar issued by Boston-based Circle Financial, has built itself into a leader in the $100 billion plus stablecoin. Decrypt • Nov 22, 23. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. Elephant. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. Some stablecoins can be pegged to other types of assets. Each type of stablecoin is designed to fix the value of the stablecoin to the price of a stable asset, typically the US dollar. Elephant Money - Introducing the TRUNK Stablecoin. Our easy to use TRUNK / USD Converter will calculate any amount you wish at the real-time exchange rates. S. Bitcoin’s value is volatile in comparison. Today it reached a high of $0. Saldırgan, bir dizi operasyonda TRUNK stablecoin mint’ledi ve daha fazla WBNB ve BUSD almak için kullandı. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. A perceived drawback of cryptocurrency is price volatility. Tether Holdings Ltd. 66 billion to the present $129. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. [1]There are four main types of stablecoins in circulation: fiat-backed, commodity-backed, crypto-backed and algorithmic. dollar. Elephant Money Stable (TRUNK) Services. S. Stablecoins address the desire for a solution that effectively bridges the gap between fiat currency and cryptocurrency. They can achieve this predictability by pegging their market value to an external reference point like a fiat currency (for example, Tether has pegged to the U. Stablecoins are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. Stablecoins aim to maintain their pegged rates using different means. . Below are the top 10 stablecoins by market cap as of March 31, 2023, and one of the most popular collateralized commodity stablecoins. But all the existing algorithmic stablecoins failed to date, owing to their experimental nature. ELEPHANT. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. Release is a one-to-many association with trunk. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. The stablecoin TerraUSD, or UST, crashed almost completely at one point on Thursday and lost its $1 peg (€0. Some stablecoins are pegged to a fiat currency such as the U. 2022-04-15 08:47:27. Elephant Money Futures Vaults. Its stable crypto coins are always at $1. Offering single-currency stablecoins in addition to the multi-currency coin. Read more. The UST stablecoin was built to deliver DeFi ( decentralized finance) trading on the Terra ecosystem. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. Fiat-collateralized stablecoins are the most common type and the simplest structure of stablecoins. Coin Analizleri; Altcoin. Trumpet Features. Stablecoins are global, and can be sent over the internet. S. and Europe, as well as a consumer flight to safety in the crypto. Currently 69% APR . The value of a stablecoin is the same as the value of the actual asset or fiat currency that it pegs itself to. It's picked up popularity as more crypto wallets, platforms and. On November 25, 2020, UST had a circulating supply of 13. How stablecoins work. Elephant Money - Introducing the TRUNK Stablecoin. Stampede Perpetual Bonds. The firm previously said USD Coin was backed 1:1. If you want to earn 205% APR / 672% APY by investing Trunk in Stampede and get a . Traders regularly use stablecoins to avoid price volatility without having to convert their digital assets back to cash. ELEPHANT is Elephant. 4. But there is one cryptocurrency that is designed to be the exact opposite. Stablecoins are a class of cryptocurrencies that attempt to offer investors price stability either by being backed by specific assets or using algorithms to adjust their supply based on demand. The live TRUNK COIN price today is $0 USD with a 24-hour trading volume of $0 USD. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. Elephant Money Futures Vaults. It has a market cap of over $42 billion dollars and almost 1. S. . Elephant Money Futures Vaults. Elephant Money - Introducing the TRUNK Stablecoin. report. ~Cryptozoa. Stampede Perpetual Bonds. Sharkz Coins, Victoria, British Columbia. Stablecoins are a type of cryptocurrency designed to maintain a stable price over time, pegged to the value of an underlying asset, like the U. 9 billion on January 1, 2022, and ended off at $138. With trunk, you are able to compound your earnings when you stake your trunk. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. And as the media increasingly covers the subject, many people are left wondering: What is stablecoin? Stablecoins are an attempt to create a cryptocurrency token with a stable price. B USD or BinanceUSD was launched on September 5th of 2019. Register Now. 5 million holders. S. Whereas bitcoin’s price fluctuates sharply, stablecoins are designed to be wor. 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. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. The Elephant Treasury system executes peg support for TRUNK Stablecoin in two ways. Unlimited NFT's. That is, the latter category of stable. S. 14 Digix Gold Token DGX $ 51. 55mil in 6 years and this doesn't even include all of the claims that user made. This means that a single unit of a stablecoin is worth exactly one dollar at all times. “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. Type of Stablecoin. This. TRUMPET. S. Coins Of Canada, Victoria, British Columbia. Traditional banking processes may make it difficult to convert a depreciated local currency into a stable international currency. A stablecoin is a crypto coin that should be worth $1. 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. In light of this, transactions using bitcoin. 01% in the last 24 hours. , one unit of a dollar-pegged stablecoin may be equal to $1. Trunk is $1 stable coin that buys and owns 80% of Elephant money. Trumpet Features. But perhaps even more important for community banks, the market instability is fueling the policymaker push for a regulatory structure to address crypto’s risks. . Their value is fixed, usually on a 1:1 basis with the U. Since crypto is a volatile market and stability is a far-fetched dream, these crypto-backed stablecoin are often over-collateralized to compensate for the volatility in the value of the underlying cryptocurrency. save. Elephant Money Stable (TRUNK) price is up 0. Stablecoins that use collateralization should hold a matching amount of a specified asset in their reserves. 6%. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. June 07, 2022. 3. Partially collateralized stable coin that captures value by being backed by a reserve of assets. Notwithstanding their name, however, stablecoins can be very unstable: between May 1 and May 16, 2022, there was a run on stablecoins, with their circulation decreasing by 15. dollar. 1 comment. 1% exchange fee. Benefit from the Herd: A Partner Network Avail a 0. 59%. In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U. High Yield with Zero Fees / Taxes. S. Elephant Money Stable (TRUNK) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20)Join us on social networks. To maintain a stable value relative to fiat currency, many stablecoins offer a promise or expectation that the coin can be redeemed at par upon request. It is collateralized against 75% BUSD and 25% ELEPHANT. 1. Stablecoins minimize typical cryptocurrency. A stablecoin is a digital currency that is linked to an underlying asset such as a national currency or a precious metal such as gold. Stablecoins have their limitations, depending on the. Stampede Perpetual Bonds. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. So, not only do you benefit from the 31. Stable coins backed by cryptocurrencies are supported by a cryptocurrency. Written by Crypto And DeFi. Unlike traditional cryptocurrencies. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. Rare coin and precious metals dealer. The stablecoin philosophy minimizes the roles of both central and commercial banks. Go to beefy to auto compound this stable coin pair. Stablecoins offer a way to bridge the gap between fiat currencies like the U. The 2007-08. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. . 00. Dollars and short-term U. 3 min read. Decentralized USD (USDD) is an algorithmic. dollar that doesn’t change much in value. It was launched in 2018 through a consortium called Centre that was created by fintech giants Circle and Coinbase. The cryptocurrencies like Bitcoin and Etherium can be used as collateral instead of FIAT currency to create stablecoins. They are a vital part of the crypto economy. Liquidity cost: low. 23% of stablecoins — were. share. Pegging to fiat can be done by the value of the collateralized crypto asset. 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. Most important of all, Binance USD is the preferred choice of stablecoin for people interested in using Binance exchange for transactions of crypto assets. To control the inflationary tendency of cryptocurrencies, users must be convinced to spend the tokens instead of saving them. The dollar is significantly more stable than a cryptocurrency like Bitcoin or Ether. Digital currency company Circle says it’s changing the makeup of its dollar-pegged stablecoin’s reserves to just cash and U. Differing from normal cryptocurrencies, stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including the U. 2 million worth of Binance Coin. S. 2. For the majority of the time since the exploit expenses were covered out of the foundersfrom a user or third-party. Allaire’s company is the issuer of the USD Coin (USDC) stablecoin, the second largest after Tether. S. Since their all-time supply highs in November 2022 until Feb. TRUNK Stablecoin: TRUNK is a stablecoin within the Elephant Money ecosystem. Microsoft has exposed Tarrask, a piece of malware from a likely China-backed, state-sponsored hacking group that targets Windows machines by. When redeeming TRUNK (1% Fee), there are 3 actions happening. Fiat-Backed Stablecoins. ”5 However, there are noStablecoins aim to maintain a stable value through fiat currencies or other assets like gold. The “international. 1. — Jeremy Allaire (@jerallaire) December 2, 2020One of the most well-known stable coins is Binance, and it is tied to a ratio of 1:1. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. Stablecoins are cryptocurrencies without the volatility. USD Coin (USDC) USD Coin is a stablecoin backed by Coinbase, the world’s biggest bitcoin broker and largest exchange holder of bitcoin. Lastly, the third one. . Here is what experts say investors should know about the novel class of cryptos dominating headlines in recent weeks. 5M and its 24h trading volume is $85K. Victoria, BC. 2 million in equivalent has been permanently lost. Notifications. Its purpose is to serve as a stable coin, meaning it is pegged to the US Dollar at a 1:1 ratio. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. 5% reward on deposit & rolls by setting up a. Except for the brain, the trunk houses all the vital organs of the human body. TRUNK Stake. However, algorithmic stablecoins, for now, feature as opportunities. hide. 68. Dollar (e. When 1 UST is less than $1. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. 15 June 2023. ELEPHANT - Coingecko. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. Circulating Supply. Lock in your gains. Gold has now completed the retest of its long term trend line and should be poised for higher gains. TRUMPET. 14 billion. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. Stablecoins are popular because they act as a kind of intermediary for traders, allowing them to exit a market position and capitalize on their profits. Less than two years into its existence, BUSD is already the world's third-largest stablecoin by market cap, behind USDT and USDC. The plan for Facebook’s Libra cryptocurrency was that it would be pegged to a basket of national currencies, similar to the IMF’s Special Drawing Right. Cryptocurrencies, after all, are synonymous with volatility in a market routinely whipsawed by hype and speculation. . This mechanism is of course subject to the limits described in (2). The most popular stablecoins. S. TRUNK's market cap is $7. 59% Vol 24h: 47 399 535 559 € Valor de mercado: 1 093 969 535 175 € (1. Trunk Staking & Stampede Bond. MONEY implements an open global economic engine for stable coin yield. ”. If PATH is omitted, the basename of the URL will be used as the destination. With trunk, you are able to compound your earnings when you stake your trunk. While cryptocurrencies such as bitcoin and ether are appealing for their ability to allow anyone to make payments without the need for a trusted middleman, they often. UST is a decentralized, scalable, and yield-burning stablecoin with a $16 billion. 1942 Tombac nickel - King George III. 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. Blockchain Events, Coin Prices Marketcap And Detailed Reviews on Crypto Exchanges. Scam News. S. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. TRUMPET - How It Works. USD Coin is backed by reserves held in financial institutions. These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. With policymakers looking to coordinate a policy. Check the charts, TRUNK to USD calculator, and more on Coinpaprika. Binance USD (BUSD) Not to be outdone, crypto. 1%. Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. 8M BUSD to H1, 64,450B. Stable coins have seen a huge surge in popularity mainly because they are used in DeFi transactions. Definition. ”. ELEPHANT - Coingecko. The project reportedly provides multi-currency wallets with a web interface and applications across Android, iOS, Windows, and Linux. Tether is owned by iFinex, the Hong Kong-registered. 73mil in bonds which will require the system to pay out 3. Price Stability Formula. Treasury bills, which are. Token Holder Distribution. USDC has recently grown in market share—helped by its. Understanding DAO's is a must before you invest a single penny with these High Risk/ High Reward platforms. The declining market caps of these stablecoins confirm this. Operating primarily on the BNB Chain, it’s a fresh contender in the market. 9. The token is tied to the USD on a 1:1 ratio,. Centralized Coins Backed by Fiat Currency. Money is happy to confirm that we have officially partnered with InsurAce. ELEPHANT - Live Coin Watch. Decentralized stablecoins use algorithms and smart contracts to control the supply of the token to maintain its stable value. BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). Two of the most popular stablecoins are USD Coin (USDC) and Tether (USDT), which are pegged to the U. TRUNK is over-collateralized by BUSD with deep liquidity. The trunk (torso) is the central part of the body to which the head and the limbs are attached. Posted by 27 days ago. 2,848 likes. If a stablecoin has issued $1 million of a coin pegged to the US dollar, then that stablecoin should. S. USD Coin (USDC) As the name suggests, USD Coin ties to the value of the US dollar. 55mil trunk over the next year. Since their all-time supply highs in November 2022 until Feb. It is assumed most people are familiar with git, but specific recipes. 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. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. In most cases, a stablecoin fixes its rate on a one-to-one basis. Step 4: Swap 34,244,200,239,512. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. This means one can buy one USDC for $1 or redeem one USDC for $1 at any given time. Traded on: Binance, CoinSpot, BitFinex, Kraken. S. 2 million worth of Binance Coin. Use the Reserve to mint Elephant Money Stable (TRUNK). DRIP uses a single token for DRIP, while Elephant money uses 2: Elephant, and Trunk (a stablecoin hybrid). Promising faster transactions and lower costs, stablecoins are an alternative to traditional banking solutions. The most promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. Here’s how the algorithmic stablecoin was supposed to work—and didn’tStablecoins are cryptocurrencies designed to provide stable value. All About TRUNK 22024 Elephant Money Stable TRUNK $0. Check out our AI powered knowledge base Elephant MoneyELEPHANT. 207213, and now sits at $0. Liquidity Management (Stability) Launch & Initial Token Distribution.