Elephant Money Farms. Each type of stablecoin is designed to fix the value of the stablecoin to the price of a stable asset, typically the US dollar. S. Crypto-backed stablecoin are those stablecoin that are backed by cryptocurrencies. Dollar Coin (USDC) and Tether (USDT) are examples of this type of coin. It has a $6 billion market cap and 88 million user accounts, with 21 million active users within. They aim to offer all the benefits of. The stablecoins with the biggest market capitalization are worth exactly $1 at any given time (with minor fluctuations here and there), which makes them much more stable than the overall cryptocurrency markets, which are volatile. dollar. The current CoinMarketCap ranking is #269, with a live market cap of $119,607,972 USD. But there is one cryptocurrency that is designed to be the exact opposite. Tron is a delegated proof-of-stake blockchain that hit an all-time high of $0. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. Instead of being “mined” by an open, distributed network of computers performing a combination of math and recordkeeping, a stablecoin derives its. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. The most popular kind of stablecoins are fiat-backed stablecoins. MONEY implements an open global economic engine for stable coin yield. S. On November 25, 2020, UST had a circulating supply of 13. Elephant. As a result, MakerDAO has shifted much of its reserves to USD Coin, one of the most popular stablecoins in terms of market cap. The rout followed another shock in May, when the value of terraUSD, a popular “stablecoin,” crashed. Licensed by the New York State Department of Financial Services, the stablecoin boasts a transparent 1:1 backing by U. 3. Money Network’s native bonding system that allows players to deposit their TRUNK and earn a 205% APR (672% APY) from a partially collateralized stable coin. 8M BUSD to H1, 64,450B ELEPHANT to H1 ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. — 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. Unlike traditional cryptocurrencies. Elephant Money Stable (TRUNK) price is up 0. Indeed many seasoned Crypto YouTubers don't understand that there is a humungous difference between APY% and APR%. Key Highlights. 11 (€0. Money ecosystem grows. Decrypt • Nov 22, 23. 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. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. Wrapped Bitcoin (WBTC) is another example of a crypto-backed stablecoin. Volatility in Ethereum severely affected Dai’s stability in 2020. Minimum 30% interest on your dollar. 96) to the dollar, tanking to a low as $0. To control the inflationary tendency of cryptocurrencies, users must be convinced to spend the tokens instead of saving them. ELEPHANT - Live Coin Watch. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. Unlimited NFT's. Elephant Money Farms. Outside of those situations, stablecoins probably aren't a necessity. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. For example, if functioning correctly, a stablecoin pegged to the US dollar or. Partially collateralized stable coin that captures value by being backed by a reserve of assets. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. Because they are price-stable digital assets that behave somewhat like fiat but maintain the mobility and utility of cryptocurrency, stablecoins are a novel solution to crypto volatility: price stability is built directly into the assets. Tether. report. This animal lives in Africa. Trunk. S. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. Coins Of Canada, Victoria, British Columbia. StoriesIn a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. Guaranteed redemption for $1 USD. Circulating Supply. QiDao is currently incentivizing the protocol so you’ll get a weekly drop of Qi to sweeten the deal. USDT (TRC-20) is a U. scalciaregt • 2 yr. 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. The most popular stablecoins. 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. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. Saved searches Use saved searches to filter your results more quicklyElephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. November 7, 2023 at 12:38 PM PST. Fiat-Backed Stablecoins. Posted by 27 days ago. Building strong protections into the design of the Libra Reserve. COIN-OR Developer's Guide. You can see it on the Canadian 5-cent coin. Elephant Money - Introducing the TRUNK Stablecoin. ELEPHANT. 1. ELEPHANT is used to generate yield for TRUNK and support the peg. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. 01% in the last 24 hours. The reserves are backed 75% by BUSD and 25% by ELEPHANT and can be staked to earn. TRUNK deposits can be redeemed anytime. 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. Rare coin and precious metals dealer. Stablecoins can be backed by cash, cash equivalents, commodity. Decentralized stablecoins use algorithms and smart contracts to control the supply of the token to maintain its stable value. 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. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. S. By Ehis Ohiwerei. The Federal Reserve ’s top bank watchdog said crypto stablecoins could amount to private money that might be. 55mil trunk over the next year. It's picked up popularity as more crypto wallets, platforms and. Stampede Perpetual Bonds. Secondly, Tether's market capitalization recently. Price Stability Formula. S. 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. ELEPHANT is used to generate yield for TRUNK and support the peg. EARN 205% APR ON TRUNK STABLECOINELEPHANT,MONEY a nutshell, stablecoins are cryptocurrencies that are designed to minimise price volatility relative to a particular “stable” asset or basket of assets. 2130. While the information is valuable, it may be hard to digest for those. Stablecoins aim to maintain their pegged rates using different means. 01 bitCNY BITCNY $ 0. S. The main types of stablecoins are fiat-collateralized and crypto. Close. Elephant Money Stable (TRUNK) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20)Join us on social networks. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. Try to adjust a leg one click, and you'd more than likely rip the cockpit off. Enable stampede, authorize the transaction, and proceed to bond the desired amount of TRUNK coins. 25 billion but is widely distrusted by crypto exchanges and traders. S. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. A guide to fiat-pegged cryptocurrencies. 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. The working of these stablecoin is a complex. 80 to $1. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . Blame the stablecoins. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Binance USD (BUSD) Not to be outdone, crypto. Each Tether token (USDT) is supposed to be “tethered” to one U. Start raising the memory clock little by little at +50 MHz intervals. Not all stablecoins use the same method to keep their value. 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. They do this by tracking the value of a given fiat currency on a 1:1 ratio, and can be denominated in any national currency. ELEPHANT - Live Coin Watch. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. 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 Money - Introducing the TRUNK Stablecoin. 1%. Both collateral assets are securely stored in treasuries. BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). A stablecoin that is “pegged” or “anchored” to another asset is a stablecoin that follows the buying power of another asset that people consider to be stable, like the Dollar, Euro, or Yen. Microsoft has exposed Tarrask, a piece of malware from a likely China-backed, state-sponsored hacking group that targets Windows machines by. Dollars and short-term U. dollar. 75% in the last 24 hours. I've been earning 0. amount of outstanding coins. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. A stablecoin is a kind of cryptocurrency that is pegged to the value of an external asset. Stablecoins aim to maintain their pegged rates using different means. Thus, it is correct to forecast success in the fate of the asset. 2. Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. S. Trunk Coin describes itself as a PoS / Masternode cryptocurrency and a one-stop solution for cryptocurrency wallets. The fact that stablecoins are pegged to an external reference, often a fiat currency, keeps their market value stable. These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral. ELEPHANT - CoinMarketCap. Cryptocurrencies. at the end of year 5, you will have 1. Palladium Coin is powered by Ethereum, and as the name implies, the value of Palladium Coin is associated with the value of palladium. This ELEPHANT is sold for TRUNK and that TRUNK is deposited into the Dividend Pool. Understanding DAO's is a must before you invest a single penny with these High Risk/ High Reward platforms. . TRUNK also benefits holders of ELEPHANT, as 100% of the BUSD used to mint TRUNK is sent to the BUSD treasury which is used to buy back ELEPHANT, meaning that the underlying collateral supporting TRUNK hardens over time as the Elephant. dollar or gold. Binance trading fees: maximum of 0. The ELEPHANT. dollar or the Euro. Stablecoins are backed by reserve assets such as the U. , one unit of a dollar-pegged stablecoin may be equal to $1. USDC has recently grown in market share—helped by its. bsc. 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. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. Both collateral assets are securely stored in treasuries. dollar. 05X times your total deposited amount. USDC can be sent and received instantly through Circle or on. g. The security of a non-volatile digital tender which is both backed up by a national currency and by blockchain sounds like a deal. Cosmos-based. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. Elephant. S. I’m then taking the income from DRIP and diversifying into the elephant ecosystem as a stable coin based strategy, using both TRUNK and STAMPEDE to further. Tether Holdings Ltd. Some stablecoins are backed by assets; other stablecoins are backed by algorithms or volatile cryptocurrencies. 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. 85 at one point late Monday. 5. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. These digital coins […] KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round. Use the Reserve to mint Elephant Money Stable (TRUNK). Tether tokens were designed by the BitFinex crypto exchange platform. Algorithmic stablecoins. Credit: sdx15 / stock. Each fiat-backed stablecoin is tied to. For example, Coinbase reports that some individuals have sent upwards of $1 million in USD Coin with transfer fees of less than $1. . Stable Coin. 1. S. ELEPHANT - Nomics. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. dollar and cryptocurrencies. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. TRUNK para calculadora USD, e muito mais em Coinpaprika. 10, 2023, a combined $9. This means, by purchasing the stablecoin, that the trader is essentially holding gold. “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. The BlockSec ThunderForecast system detected an attack on Elephant Money. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. dollar should always be worth approximately $1. 1. S. As long as the economy of the country’s fiat currency remains stable, so will the value of the stablecoin. There are three main classes of stablecoin: Cash-collateralized stablecoins. dollar, making them less volatile. These tokens are intended to function with stability, as their name implies. bsc. Subscribe to my Youtube channelmy Newsletterour Private Discord Serveroverall market value of these fiat-pegged tokens expanded from $123. 2 million in equivalent has been lost permanently. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. 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. They then follow the narrative of: One Dollar-Pegged Coin (USDT, DAI, or USDC) = $1. Gold and silver are the most popular commodities kept as the underlying collateral. However, you should note that neither of these coins is backed by the United States government like the dollar. and Europe, as well as a consumer flight to safety in the crypto. 2 million coins and since then, the UST supply has increased by 132,504%. 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. TRUNK - Nomics. 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. Listen. pegs in different ways, most of the regulatory attention has focused on coins that are putatively backed with reserves of assets denominated in fiat currency. Please enjoy my video review on Elephant Money's new 205% APR Stampede Bond and how it uses partially collateralized Stablecoin TRUNK, a complimentary additi. Minimum 30% interest on your dollar. 36%) Domínio BTC: 44. BUSD: One of the best stable coin. This document is a guide to using Ipopt. The value of a stablecoin is the same as the value of the actual asset or fiat currency that it pegs itself to. Enhancing the safety of the Libra payment system with a robust compliance framework. The price of TRUNK COIN has risen by 100. TRUMPET. Stable Coin SBC $ 1. USDD is the native stablecoin of the Tron blockchain with a $725 million market capitalization. U. Why are none of these knowledgeable 'Tubers' talking about the difference? Some are obviously promoting certain Dao's they. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. 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. Because they are pegged to a real-world asset, they represent real money. 55mil trunk over the next year. It is assumed most people are familiar with git, but specific recipes. The coin has seen massive expansion since its launch a few years ago. Commodity-Backed Stablecoins. S. at the end of year 5, you will have 1. Suzxy •. The coin’s value only fluctuates based on the price of the physical metal that backs it; buying low and selling high will yield a profit. How stablecoins work. This type of cryptocurrency — ostensibly backed one-to-one by a stable asset like the dollar, making it more practical as a means for trades and transactions — is booming, with some $130. Algorithmic stablecoins are innovative mechanisms that can elevate decentralized finance. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. 1. 2,848 likes. Stablecoins can be backed by cash, cash equivalents, commodity. Each Dai token is backed by 62% USDC and 29% ETH. These stablecoins are often advertised as being supported or backed by a variety of “reserve assets. news/post/e. In light of this, transactions using bitcoin. . dollar-pegged stable coin project dubbed Stronghold. S. ELEPHANT - CoinMarketCap. dollar — and issue the. If stablecoins become widespread in emerging economies, it could also impact the effectiveness of their tax collection and revenue, Miyoshi and the G20 official said. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. 752 Trunk. Binance stablecoin withdrawal fees, which usually range from US$0. Stablecoins attempt to solve a challenging problem in the cryptocurrency market: volatility. Unlimited NFT's. ELEPHANT - Live Coin Watch. Stablecoin. Most of those with large followings are tied to the U. Elephant’s Stampede has a 205% return limit that effectively becomes infinite as long as you keep compounding. 3Undoubtedly, it is the biggest and most renowned stablecoin known by almost everyone who has a little overview of the crypto world. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. . $79. Stampede Perpetual Bonds. The TrueCoin project offers an alternative to Tether, a USD-backed stable coin that has grown to over $1. Unlike cryptocurrencies like Bitcoin, their prices remain steady. Coins. 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). 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. Price Stability Formula. Real priced commodities like real estate, gold,. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. One of the most common ways to peg a stablecoin is by holding the currency the token wants to peg itself to. TL;DR. Use the Reserve to mint Elephant Money Stable (TRUNK). io partner to secure stable coin yield Elephant. Getty. Elephant Money Stable (TRUNK) Services. Unlocking Synthetic Derivatives With Chainlink Oracles. Rank. 5%. Tether. 1 comment. 0 TRUNK to 44,156 BUSD . Choose a Stable Asset: Choosing a stable asset is a critical step in creating a stablecoin because the value of the stablecoin is closely tied to the value of the underlying asset. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. Yea, stable coins are better ways to earn passively, without any fear of volatility, most DeFi protocol like Celcius, crypto,com & Blockbank offers different rates, but Blockbank's rate seems to be the best, as you get 10% apy on stables, and the reward comes on a weekly basis. MONEY implements an open global economic engine for stable coin yield. On Thursday, Bitcoin hit a 52-week low, slumping to $25,402, a level not seen since December. 73mil in bonds which will require the system to pay out 3. You will always earn 2. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. Allaire’s company is the issuer of the USD Coin (USDC) stablecoin, the second largest after Tether. Price remains stable because if you can buy the coin for less than $1, you can go and exchange it with the issuer for $1 and vice versa. Gold and silver are the most popular commodities kept as the underlying collateral. This means, by purchasing the stablecoin, that the trader is essentially holding gold. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. If a stablecoin has issued $1 million of a coin pegged to the US dollar, then that stablecoin should. dollar, gold, or stock in a public company. The issuer builds their coin on a blockchain platform that supports smart contracts. Price Stability Formula. Stampede bonding trunk you get 205% and daily compo. 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). The recent crash of Terra’s Luna and algorithmic UST stablecoin sent seismic shocks through the crypto community, leaving many to question which. The algorithm sets the rules for balancing the supply and demand of the stablecoin. TRUNK's market cap is $7. We would like to show you a description here but the site won’t allow us. Here is what experts say investors should know about the novel class of cryptos dominating headlines in recent weeks. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. On May 9, 2022, UST's price plummeted to as low as $0. ELEPHANT - Coingecko. The stablecoin philosophy minimizes the roles of both central and commercial banks. Unlimited NFT's. Well-known Fiat-collateralized Stablecoins. The main reason to buy and hold stablecoins. . Differing from normal cryptocurrencies, stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including the U. For the majority of the time since the exploit expenses were covered out of the foundersElephant Cash, a decentralized “yield farming” mechanism on the BNB Chain that makes use of the native token ELEPHANT andThis document is a guide to using Ipopt. 59% Vol 24h: 47 399 535 559 € Valor de mercado: 1 093 969 535 175 € (1. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. The firm previously said USD Coin was backed 1:1. There are two primary means stablecoins achieve this stability, collateralization and algorithms. Money’s store of value token (BEP-20) on the Binance Smart Chain (BSC) that captures value by having the most fair distribution, an auto-balancing burn mechanism, and by…It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . Only problem is that it relies on the issuing party being properly regulated and honoring deposits and withdrawal as they should. Elephant Money Stable Coin price is $0. dollar. Along with TerraUSD, major stablecoins include Tether and USD Coin (USDC. S. 01 DigixDAO DGD $ 36. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. Promising faster transactions and lower costs, stablecoins are an alternative to traditional banking solutions. money trunk stable coin on BSC. This means one can buy one USDC for $1 or redeem one USDC for $1 at any given time. Two of the most popular stablecoins are USD Coin (USDC) and Tether (USDT), which are pegged to the U. TRUNK High Yield Savings. Stablecoins, as the name suggests. Stablecoins are supposed to be everything tokens like bitcoin and ether aren’t. ”. Action 1 (Redemption Process): Redeem TRUNK when it is below peg, receive BUSD & ELEPHANT @ the redemption price. It is assumed most people are familiar with git, but specific recipes are. 00 Diamond Platform Token DPT $ 0. Reserve assets are assets with real world value, like fiat currencies or precious metals like gold. USD coin ( USDC) is a fiat-backed stablecoin launched by the Centre Consortium. Premium Powerups Explore Gaming. You can stake TRUNK for 111% APY Or bond in their Stampede product for 205% APR. 1. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. The Stablecoins market cap is currently $ 126.