To control the inflationary tendency of cryptocurrencies, users must be convinced to spend the tokens instead of saving them. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. scalciaregt • 2 yr. Stablecoins are a type of cryptocurrency whose value is meant to be less volatile than other coins like Bitcoin or Ethereum. The stablecoin TerraUSD, or UST, crashed almost completely at one point on Thursday and lost its $1 peg (€0. When 1 UST is less than $1. Stampede Perpetual Bonds. 59%. Trunk is $1 stable coin that buys and owns 80% of Elephant money. Check answer Show a letter Show answer. Step 4: Swap 34,244,200,239,512. TRUNK Rolled. 2 million worth of Binance Coin. For example, in the U. , smart contracts) to dynamically reduce the price volatility of a specific asset, such as the U. 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 promising entry in a list of stablecoins, Palladium Coin, is an example of a commodity-backed stablecoin. S. In a number of operations, the attacker minted TRUNK stablecoin and redeemed it to get more WBNB and BUSD. Official Trackers. ELEPHANT - Live Coin Watch. It was launched in 2018 through a consortium called Centre that was created by fintech giants Circle and Coinbase. Stablecoins attempt to solve a challenging problem in the cryptocurrency market: volatility. 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. 206396. 73mil in bonds which will require the system to pay out 3. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. 8M BUSD to H1, 64,450B. Elephant Money Farms. 2 min read. 15 June 2023. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . 04 mStable USD MUSD $. ELEPHANT. Elephant Money Stable (TRUNK) Services. You can stake TRUNK for 111% APY Or bond in their Stampede product for 205% APR. Cosmos-based. 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. How stablecoins work. 3 min read. UST is a decentralized, scalable, and yield-burning stablecoin with a $16 billion. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. 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). Minting proposes a significant value in the growth of cryptocurrencies as a form of money. Turn on the mining software without overclocking. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. Make Sense? Highest rate I have seen is elephant. a. Sharkz Coins, Victoria, British Columbia. Licensed by the New York State Department of Financial Services, the stablecoin boasts a transparent 1:1 backing by U. The total stablecoins market cap shrank by $29. ELEPHANT - Live Coin Watch. S. 1. USDT (TRC-20) is a U. So you have access to stable money that you can use on Ethereum. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. They then follow the narrative of: One Dollar-Pegged Coin (USDT, DAI, or USDC) = $1. Check out our AI powered knowledge base Elephant MoneyELEPHANT. Over the weekend gold recovered towards the $2,000 barrier hitting a high of $1,984 and moving back towards its support around $1,950. 013318 USD with a 24-hour trading volume of $7,314,866 USD. It is designed to find (local) solutions of mathematical optimization problems of the form. e. ELEPHANT - Nomics. Some algorithmic stablecoins have depegged in the past. Maximum APY you can get is 8. But the. 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 . Stable Coin SBC $ 1. USDT, or Tether Limited, was conceived of in January 2012. TRUNK is over-collateralized by BUSD with deep liquidity. The system keeps track of the total quantity of stable-coins in circulation. USD coin ( USDC) is a fiat-backed stablecoin launched by the Centre Consortium. 100% Upvoted. MONEY STABLE is a future-proof way to compound profits made across your portfolio. 2 million in equivalent has been permanently lost. A stablecoin is essentially a cryptocurrency that seeks to peg itself to a stable currency, typically the U. The main reason to buy and hold stablecoins. 2:25. Stablecoins are global, and can be sent over the internet. TRUMPET. 55mil trunk over the next year. Lock in your gains. The TrueCoin project offers an alternative to Tether, a USD-backed stable coin that has grown to over $1. Token Holder Distribution. High Yield with Zero Fees / Taxes. TRUMPET. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. There is one trunk but many releases that derive from the trunk. Along with TerraUSD, major stablecoins include Tether and USD Coin (USDC. With policymakers looking to coordinate a policy. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. This being the case, it is inevitable for modern-day innovations such as crypto to borrow traditional finance market concepts to advance the use of money. USD Coin, Tether, Binance USD, Gemini Dollar, DAI, among many others). ELEPHANT is used to generate yield for TRUNK and support the peg. How two coins combined to hold one’s value steady. dollar and backed "100% by Tether's reserves," according to its website. There are two primary means stablecoins achieve this stability, collateralization and algorithms. 05X times your total deposited amount. USDT (Tether) USDC (USD Coin) BUSD (Binance USD) DAI. Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. S. "," A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. ELEPHANT. Unlimited NFT's. Fiat-Backed Stablecoins. It is a fiat-collateralized stablecoin. As long as the economy of the country’s fiat currency remains stable, so will the value of the stablecoin. Elephant Money is a permissionless decentralized finance (DeFi) system that imposes minimum limitations or hurdles on your participation. EARN 205% APR ON TRUNK STABLECOINELEPHANT,MONEY COIN-OR OPTIMIZATION SUITE 1. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. This decoupling compromised the algorithm and sent both cryptocurrencies into a nose-dive. 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. These coins are kept stable through a computer program running a preset formula; hence, its name. 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. Posted by 27 days ago. Wrapped Bitcoin (WBTC) is another example of a crypto-backed stablecoin. 5 billion from January 2022, while USD Coin (USDC) and Binance USD (BUSD) gained market share. This doesn’t work for all stablecoins, especially those tied to the US dollar. 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. Official Trackers. Both collateral assets are securely stored in. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. . The project reportedly provides multi-currency wallets with a web interface and applications across Android, iOS, Windows, and Linux. Fiat-Backed Stablecoins. MONEY implements an open global economic engine for stable coin yield. Volatility in Ethereum severely affected Dai’s stability in 2020. The algorithm controls the coin’s demand and supply, which are dictated by. 1942 Tombac nickel - King George III. The 2007-08. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. Trunk Staking & Stampede Bond. Here is what experts say investors should know about the novel class of cryptos dominating headlines in recent weeks. Moreover, the interconnectedness of stablecoins with the wider financial system continues to deepen. 11 (€0. Close. S. Interestingly, the asset’s availability on the Ethereum. TRUMPET. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. dollar. Tether (USDT) is the most widely used stablecoin and is pegged to the U. ELEPHANT - Coingecko. dollar. Key Takeaways. 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. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. , one troy ounce of gold) and be collateralized by that commodity or a combination of that commodity and other collateral in an amount equal to the face amount of outstanding coins. For example, in the U. 10, 2023, a combined $9. Check out a working copy from a repository. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. This week, one popular so-called algo coin cratered, wiping out billions of dollars’ worth of value in just a few days. In contrast to fiat currency, and CBDC’s, trust in a stablecoin system shifts to the administrator (s. Stablecoin to nic innego, jak rodzaj kryptowaluty, a konkretniej tokena płatniczego, którego wartość jest trwale powiązana z wartością określonej tradycyjnej waluty fiat (najczęściej dolara amerykańskiego, rzadziej euro) lub innego dobra np. Trunk is a stable coin 1 Busd to 1 trunk ratio . There are three types of stablecoins: fiat-backed, crypto-backed, and algorithmic. Token Mechanics - Mint & Redeem. Stable Video Diffusion Is Stability AI's Gambit for the Future of Video. bsc. Unlike. Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. more USD Coin (USDC): Definition, How It Works in Currency, and ValueStablecoin values are pegged to the value of a given currency. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. Price manipulation: Fintech: CC: N/A: Link: Elephant Money, ELEPHANT, TRUCK: 87: 12/04/2022--Anonymous: Ministry of Culture of the Russian. D. ELEPHANT. 58 Karatgold Coin KBC $ 0. Real priced commodities like real estate, gold,. scalciaregt • 2 yr. USD Coin is backed by reserves held in financial institutions. TRUNK - Nomics. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token. Treasurys. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. Installing Ipopt. Unlike a centralized stablecoin which is backed with an equivalent amount in fiat or real world assets,. These rates are at the low end when it comes to the crypto exchange industry. Elephant Money Farms. It was launched and issued by the Centre. The way each stablecoin is backed works a little differently depending on what reserve asset they’re tied to. 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. While the IT titan isn’t new to the world of crypto, stable. All About TRUNK 22024 Elephant Money Stable TRUNK $0. Start raising the memory clock little by little at +50 MHz intervals. When redeeming TRUNK (1% Fee), there are 3 actions happening. TrueUSD (TUSD) At the moment it is one of the most reliable and proven stablecoins, as the company creating it has an open and transparent policy. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. com Domínio BTC: 44. The Complete Guide (Updated 2020) Stablecoins offer many benefits that other cryptocurrencies provide, with one essential difference – they are stable, hence the name. The end result after a year of higher highs, Elephant Money (in my. , as well as a tutorial on how to solve a nonlinear optimization problem with Ipopt. Definition. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. Liquidity Management (Stability) Launch & Initial Token Distribution. High Yield with Zero Fees / Taxes. 28 Moremoney USD MONEY $ 1. ELEPHANT is Elephant. Algo peg to the dollar. USDT (USD Tether) – A fiat-collateralized stablecoin that is pegged to the US dollar. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. report. D. Circulating Supply. In light of this, transactions using bitcoin. TRUNK - Nomics. and Europe, as well as a consumer flight to safety in the crypto. Central banks are also exploring them as part of projects around digital currencies. The coin was created by the company Tether and has remained relatively stable since its introduction in 2015. The dollar is significantly more stable than a cryptocurrency like Bitcoin or Ether. I like to take some more risk and higher yields. 75% p. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. Both collateral assets are securely stored in. kids and a stable income helped, but i think the sets got a lot better from 2000 to 2010. Guaranteed redemption for $1 USD. 00 Diamond Platform Token DPT $ 0. But for most users the APY will hover around 5%. USD Coin (USDC) As the name suggests, USD Coin ties to the value of the US dollar. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. Bilgisayar korsanları bu saldırıyı birkaç kez gerçekleştirdi; Elephant Money. hide. Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. Money (TRUNK token). Working of Algorithmic Stablecoin. io partner to secure stable coin yield Elephant. Start raising the memory clock little by little at +50 MHz intervals. Stablecoins are cryptocurrencies pegged to the price of another asset, such as the U. Stablecoins Aim to Achieve Balance. 36%) Domínio BTC: 44. Palladium Coin. 2 million worth of Binance Coin. Stablecoins, or digital assets that hold largely consistent values, unlock extensive utility in decentralized finance (DeFi) and the wider blockchain ecosystem. S. Token Mechanics - Mint & Redeem. . Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. 1 comment. Traded on: Binance, CoinSpot, BitFinex, Kraken. 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. A stablecoin is a cryptocurrency just like Bitcoin or Ether. To summarize, stablecoins offer stability throughout the cryptocurrency landscape in ways that traditional crypto can't match. Check the charts, TRUNK to USD calculator, and more on Coinpaprika. . For example, if functioning correctly a stablecoin pegged to the U. ELEPHANT is used to generate yield for TRUNK and support the peg. USDC has recently grown in market share—helped by its. Stablecoins are cryptocurrencies "pegged" to a fiat currency. . 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). 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. S. But there is one cryptocurrency that is designed to be the exact opposite. These are widely used. ELEPHANT. Unlike cryptocurrencies like Bitcoin, their prices remain steady. If you bond 10k trunk and claim 1 day, compound 1 day, etc. Credit: sdx15 / stock. Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable. Stablecoins minimize typical cryptocurrency. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. 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. 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. 5% reward on deposit & rolls by setting up a. S. Their value is fixed, usually on a 1:1 basis with the U. Managing Stability and Market Risks . We are working with our partners at Certik /InsurAce to investigate. 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. 14 Digix Gold Token DGX $ 51. Stable Slot Increase Token Increase your stable’s capacity by 3 slots (maximum 7 tokens per character) 500: Equipment: Item: Cost in Sovereigns:. Peg Support Strategy. dollar) or a commodity like gold. Enhancing the safety of the Libra payment system with a robust compliance framework. Cryptocurrencies are usually characterized by wild price swings and extreme volatility. 0000055761 BTC BC. Step 4: Swap 34,244,200,239,512. COIN-OR Developer's Guide. All of these types of stablecoins are available on exchanges like Kraken. But there is one cryptocurrency that is designed to be the exact opposite. One of the most common ways to peg a stablecoin is by holding the currency the token wants to peg itself to. The stable asset serves as the reference point for the stablecoin’s value and provides the necessary stability and predictability for users. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. It will help the channel grow and proceeds will be given back to our community. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. Stablecoins can be backed by cash, cash equivalents, commodity. 5%. 8M BUSD to H1, 64,450B. Elephant Money Stable (TRUNK) Services. November 7, 2023 at 12:38 PM PST. Use our one-click cross-chain swap widget to swap between BTC, USDT, ETH and other crypto assets with low fees and low slippage. We provide up-to date binary packages for each of these that you can download from the COIN-OR download page on Bintray. When redeeming TRUNK (1% Fee), there are 3 actions happening. 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. Consider buying stablecoins for crypto transfers or if you want to lend crypto. S. Though they're less turbulent than other cryptocurrencies, there are still risks to. dollar. S. io partner to secure stable coin yield Elephant. Both collateral assets are securely stored in treasuries. 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. Staking TRUNK; TRUNK is the stablecoin of the protocol. The decrease came as the result of a broader market sell-off in all cryptocurrencies. 2 million worth of Binance Coin. 2 million worth of Binance Coin. The firm previously said USD Coin was backed 1:1. This. An algorithm manages the relationship between these two coins to attempt keeping the stablecoin pegged to the reference. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. Close. IDR/USD exchange rate. S. , was backed 1:1 by cashlike holdings — but then it disclosed in July that 40 percent of its holdings were actually in U. at the end of year 5, you will have 1. dollar. ELEPHANT - CoinMarketCap. 59% Vol 24h: 47 399 535 559 € Valor de mercado: 1 093 969 535 175 € (1. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. On November 25, 2020, UST had a circulating supply of 13. They are a vital part of the crypto economy. Microsoft has exposed Tarrask, a piece of malware from a likely China-backed, state-sponsored hacking group that targets Windows machines by. Step 4: Swap 34,244,200,239,512. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. Swap half the MAI for USDC for 1% fee on QiDao. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. The live TRUNK COIN price today is $0 USD with a 24-hour trading volume of $0 USD. For example, if functioning correctly, a stablecoin pegged to the US dollar or. Fiat currency, crypto-backed, and algorithmic functions usually serve as backers of stablecoins. Calculate between Elephant Money Stable and US Dollars. S. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. Press question mark to learn the rest of the keyboard shortcuts 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. 2 million in equivalent has been. Under the TRUST Act, a payment stablecoin is a convertible virtual currency that is designed to maintain a stable value relative to a fiat currency, such as the U. 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. Elephant Money is…The Elephant. Tether ( USDT) is a cryptocurrency stablecoin pegged to the U. 55mil trunk over the next year. If a stablecoin’s owner wants to cash out the coin, the real money can. Trumpet Features. S. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. Less than two years into its existence, BUSD is already the world's third-largest stablecoin by market cap, behind USDT and USDC. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. The crypto ecosystem is ever-evolving. Now they have a new target: stablecoins. Notifications. I've been earning 0. This document is a guide to using Ipopt. The $87 billion stablecoin operator has large coffers that could make it a significant competitor in. S. These compensate for the volatility of conventional cryptocurrencies as disregard the use of a 1:1 ratio for the crypto lateral.