Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. Stablecoins are not risk-free. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. Stablecoins aim to maintain their pegged rates using different means. 58 billion and a 24-hour trading volume of 2. With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. dollar, whereby 1 USDD is always supposed to be equivalent to $1. ”. For example, in the U. Stablecoins Aim to Achieve Balance. Reserve assets are assets with real world value, like fiat currencies or precious metals like gold. Which is easy for people to understand. That is, the latter category of stable. Examples on the Binance Smart Chain are: BUSD; USDC; USDT; TRUNK. You can see that with stampede, someone grew their account of 10k to 3. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market cycle. Now they have a new target: stablecoins. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Elephant Money Stable Coin price is $0. EARN 205% APR ON TRUNK STABLECOINELEPHANT,MONEY COIN-OR OPTIMIZATION SUITE 1. Elephant. Trumpet Features. 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. dollar. the collateral deposited by the user is generally worth more than the DAI they get in return). 8M BUSD to H1, 64,450B. kids and a stable income helped, but i think the sets got a lot better from 2000 to 2010. 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. 1. 00% in the last 24 hours. ”5 However, there are noStablecoins aim to maintain a stable value through fiat currencies or other assets like gold. Official Trackers. For example, Coinbase reports that some individuals have sent upwards of $1 million in USD Coin with transfer fees of less than $1. Stable coins are so-called (mostly) pegged to a Dollar. Saldırgan, bir dizi operasyonda TRUNK stablecoin mint’ledi ve daha fazla WBNB ve BUSD almak için kullandı. There are three main classes of stablecoin: Cash-collateralized stablecoins. Anytime the price peg is threatened, the issuing. Photo: Pixabay. Commodity-Backed Stablecoins. “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. Some stablecoins are pegged to a fiat currency such as the U. 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. Reason: Removes TRUNK from circulation. USD Coin is backed by reserves held in financial institutions. Similar Coins by MCapStablecoin is essentially an attempt to create a cryptocurrency that is stable. 1. A guide to fiat-pegged cryptocurrencies. Game Claim 5BTC BitcoinETF Get BTCETF Trunk is the elephant money’s stable coin. 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. BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). News; Prices;. These rates are at the low end when it comes to the crypto exchange industry. Log In Sign Up. 9. 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. Log In Sign Up. dollar) or a commodity like gold. 2130. High Yield with Zero Fees / Taxes. Treasurys. 00. Beginner. The main types of stablecoins include fiat-backed. Elephant Money - Introducing the TRUNK Stablecoin. We have collected our most popular optimization projects together to form the COIN-OR Optimization Suite. ELEPHANT is Elephant. 52B, after an increase of 0. Licensed by the New York State Department of Financial Services, the stablecoin boasts a transparent 1:1 backing by U. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. We update our TRO to USD price in real-time. Circulating Supply. The notion of something called a stablecoin may strike some as an oxymoron. Stampede bonding trunk you get 205% and daily compo. They are a vital part of the crypto economy. 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. The new stablecoin will also be available on Ethereum. To control the inflationary tendency of cryptocurrencies, users must be convinced to spend the tokens instead of saving them. In most cases, a stablecoin fixes its rate on a one-to-one basis. The second is the Elephant token for price appreciation, which is 1,908% in 1 year. report. Lists. Stablecoins can be backed by cash, cash equivalents, commodity. You must select the locked deposits and have as much as possible of CRO tokens staked on their platform in order. 66 billion to the present $129. MONEY implements an open global economic engine for stable coin yield. Though this coin exists on the Ethereum blockchain, it is backed by Bitcoin. Two of the most popular stablecoins are USD Coin (USDC) and Tether (USDT), which are pegged to the U. 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. Go to beefy to auto compound this stable coin pair. Put text in, get vibrant video content out—Stability AI joins the fray with Meta, Runway and Pika Labs. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. The Stablecoins market cap is currently $ 126. Less than two years into its existence, BUSD is already the world's third-largest stablecoin by market cap, behind USDT and USDC. C$20. When redeeming TRUNK (1% Fee), there are 3 actions happening. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. So, a stablecoin could hold $100 million in reserve and issue 100 million coins with a fixed value of $1 per coin. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. You must be familiar with ERC-20 smart contracts and their functionalities. We provide up-to date binary packages for each of these that you can download from the COIN-OR download page on Bintray. Volatility in Ethereum severely affected Dai’s stability in 2020. dollar that doesn’t change much in value. A stablecoin is a particular type of cryptocurrency that is “pegged” to a more stable reserve asset. Use the Reserve to mint Elephant Money Stable (TRUNK). This comprehensive system provides users with opportunities for yield. TRUMPET. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. This decoupling compromised the algorithm and sent both cryptocurrencies into a nose-dive. Elephant Money Farms. A perceived drawback of cryptocurrency is price volatility. 00 Diamond Platform Token DPT $ 0. Most of those with large followings are tied to the U. It is designed to keep its price stable at $1, supported by a combination of trading incentives and. #2. Stablecoins are a class of cryptocurrency that aims to provide price stability. 2 million worth of Binance Coin. For example, if functioning correctly, a stablecoin pegged to the US dollar or. The $29. . This means that a stablecoin is only as stable as the underlying currency it represents and the mechanism used to maintain the relationship. For example, in the U. Like many. Key Highlights. These tokens are intended to function with stability, as their name implies. ELEPHANT. S. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. A payment stablecoin must be designed to be widely used for the purposes of exchange, is. MONEY STABLE is a future-proof way to compound profits made across your portfolio. Currently 69% APR . Consider buying stablecoins for crypto transfers or if you want to lend crypto. 15 June 2023. 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. AFP via Getty Images. 2. S. 526% APR, you also get the hidden benefit of Trunk getting back to peg, quadrupling the value of the associated Trunk. We would like to show you a description here but the site won’t allow us. This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. Lock in your gains. TRUNK Deposits. 14 Digix Gold Token DGX $ 51. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . But there is one cryptocurrency that is designed to be the exact opposite. Bilgisayar korsanları bu saldırıyı birkaç kez gerçekleştirdi; Elephant Money. 2 million: We are pausing the Reserve which will disable Stampede and the minting/redeeming of TRUNK. These digital coins […] KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round. 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. 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. dollar. TUSD – TrueUSD is a newer fiat-collateralized stablecoin, that attempts to address the criticism directed at Tether. Stable Slot Increase Token Increase your stable’s capacity by 3 slots (maximum 7 tokens per character) 500: Equipment: Item: Cost in Sovereigns:. Tron founder Justin Sun announced the development in an open letter. Since their all-time supply highs in November 2022 until Feb. Indeed many seasoned Crypto YouTubers don't understand that there is a humungous difference between APY% and APR%. Coin Price 24h Volume Exchanges Market Capitalization 30d Last. They share a lot of the same powers as ETH but their value is steady, more like a traditional 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). If you choose to “Roll” your daily rewards back into your deposit amount (another way of saying compounding your interests), you’ll have a much higher return than the initial APR. Binance USD (BUSD) Not to be outdone, crypto. Both collateral assets are securely stored in. Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. Victoria, BC. dollar and cryptocurrencies. 59%. ELEPHANT is the other token for the protocol. Calculate between Elephant Money Stable and US Dollars. Token Mechanics - Mint & Redeem. 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. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. Decentralized USD (USDD) is an algorithmic. 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. 55mil in 6 years and this doesn't even include all of the claims that user made. Traditional banking processes may make it difficult to convert a depreciated local currency into a stable international currency. In addition, Tether (USDT) is a native token of the Tether network. Each Tether token (USDT) is supposed to be “tethered” to one U. S. Digital currency company Circle says it’s changing the makeup of its dollar-pegged stablecoin’s reserves to just cash and U. The BlockSec ThunderForecast system detected an attack on Elephant Money. Jun 1, 2022 10:13AM EDT. Algorithmic stablecoins. Stablecoins are a type of cryptocurrency whose value is meant to be less volatile than other coins like Bitcoin or Ethereum. Stampede throws off only 0. The coins are collateralized with cryptocurrency assets and the value can be determined from those assets. 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. S. Stampede deposit is locked and drips out a percentage daily. The “international. 100% Upvoted. ELEPHANT. 1. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. ELEPHANT - Live Coin Watch. They can be linked to the cost of commodities including gold, silver, oil, diamonds, real estate, and more. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. It has a market cap of over $42 billion dollars and almost 1. According to Sun, TronDAO “will deploy $2 billion to fight them. It is assumed most people are familiar with git, but specific recipes are. Stampede Perpetual Bonds. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . The value of a stablecoin is the same as the value of the actual asset or fiat currency that it pegs itself to. money trunk stable coin on BSC. at the end of year 5, you will have 1. Stable coins backed by cryptocurrencies are supported by a cryptocurrency. Read more. 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. com and the amount of stablecoins you deposit. By Ehis Ohiwerei. This mechanism is of course subject to the limits described in (2). Lock in your gains. Stablecoins aim to maintain their pegged rates using different means. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. 727 likes · 4 talking about this. Traded on: Binance, CoinSpot, BitFinex, Kraken. 11 (€0. Benefit from the Herd: A Partner Network Avail a 0. TerraClassicUSD is up 0. As of November 9, 2021, USDT is ranked as the sixth-biggest cryptocurrency according to market capitalization, with a worth of $73,331,418,457. They allow traders to keep their money in the crypto ecosystem while storing them in a stable asset between trades or during volatile periods. One of the most common ways to peg a stablecoin is by holding the currency the token wants to peg itself to. 1%. . But all the existing algorithmic stablecoins failed to date, owing to their experimental nature. It also uses a TRON address for deposits and withdrawals which takes place on the TRON blockchain. B USD or BinanceUSD was launched on September 5th of 2019. Whenever USDT tokens are issued, an equivalent sum of USD gets deposited into an audited. Stampede Perpetual Bonds. 14 billion. Crypto-backed stablecoin are those stablecoin that are backed by cryptocurrencies. Offering single-currency stablecoins in addition to the multi-currency coin. ELEPHANT is used to generate yield for TRUNK and support the peg. MONEY implements a voluntary, sustainable, and permissionless global economic engine on top of a collection of blue chip assets, a core rewards token (ELEPHANT), and a stable coin (TRUNK). In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. Stampede Perpetual Bonds. Close. Crypto volatility, both long term and short. TRUNK High Yield Savings. Because they are pegged to a real-world asset, they represent real money. 80 to $1. 2. You. TRUNK is over-collateralized by BUSD with deep liquidity. In theory, companies backing these stable cryptocurrencies keep a reserve of the underlying asset — in this case, the U. How two coins combined to hold one’s value steady. 55mil trunk over the next year. Register Now. Stamp bonds are tied to your wallet and can be added to at any time. Stablecoins that use collateralization should hold a matching amount of a specified asset in their reserves. Elephant Money - Introducing the TRUNK Stablecoin. Market Cap. 56% daily. 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. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. A stablecoin is a kind of cryptocurrency that is pegged to the value of an external asset. 1 comment. It eats the leaves of trees, and it has a long neck. S. 0000055761 BTC BC. You can stake TRUNK for 111% APY Or bond in their Stampede product for 205% APR. 58 Karatgold Coin KBC $ 0. Often, those assets underwrite an issuer’s commitment to redeem its stablecoins for a fixed value upon demand. Pegging to fiat can be done by the value of the collateralized crypto asset. S. Interestingly, the asset’s availability on the Ethereum. io to mitigate smart contract risk. But the. 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. save. 8 billion — or 7. Stable doesn't mean simple Before exploring whether stablecoins are appropriate for investors, we first need to define what they are. Elephant Money Futures Vaults. Use the Reserve to mint Elephant Money Stable (TRUNK). Trunk and Release. Trunk is a stable coin 1 Busd to 1 trunk ratio . This means that. Turn on the mining software without overclocking. S. 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. Get real-time crypto data now! – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . LUNA dropped by as much as 60% in just a matter of days. If a stablecoin has issued $1 million of a coin pegged to the US dollar, then that stablecoin should. The price increased by 100. 4. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. This means that a single unit of a stablecoin is worth exactly one dollar at all times. The ELEPHANT. 3. Kraken Staking Futures Up to 50x Trade with leverage Kraken Exchange Trusted since 2013 Earn now! Change Last 24 hours. 206396 0. The top 5 stablecoins in 2023 may vary depending on market conditions, but some of the most popular ones currently include Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), and TrueUSD (TUSD). dollar should always be worth approximately $1. TRUNK deposits can be redeemed anytime. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. There are two primary means stablecoins achieve this stability, collateralization and algorithms. dollar. Stablecoins are a type of cryptocurrency linked to an asset like the U. 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. Stablecoins are crypto assets pegged to the value of another commodity or assets such as fiat currencies. 50. Stablecoins are digital currencies designed to maintain a direct one-to-one peg to a more stable underlying asset, like a national currency. scalciaregt • 2 yr. Money (TRUNK token). By Selena 04/13/22 10:42 PM. 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. 25 billion but is widely distrusted by crypto exchanges and traders. dollar or the Euro. I've been earning 0. TRUNK - Nomics. This contains the "latest and the greatest" code and is forward looking. 96) to the dollar, tanking to a low as $0. Our easy to use TRUNK / USD Converter will calculate any amount you wish at the real-time exchange rates. Unlimited NFT's. It was launched in 2018 through a consortium called Centre that was created by fintech giants Circle and Coinbase. 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. D. Stablecoins have their limitations, depending on the. USD Coin, which is also tied to the U. Trunk is $1 stable coin that buys and owns 80% of Elephant money. Working of Algorithmic Stablecoin. The attacker first used WBNB to buy a large amount of ELEPHANT, and then used BUSD to mint the TRUNK stablecoin. Fiat currency digital asset is the most popular use case for stablecoins. , one unit of a dollar-pegged stablecoin may be equal to $1. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. Once Trunk gets back to Peg, this will effectively quadruple the value of deposited Trunk in the Farm. It resulted in a $4 million gain for attackers per cycle and a rise in the ELEPHANT price. This ELEPHANT is sold for TRUNK and that TRUNK is deposited into the Dividend Pool. 5 billion in Bitcoin trying to stabilize. Official Trackers. ELEPHANT - Nomics. The working of these stablecoin is a complex. We terminated the performance fund from 1% APR on the TRUNK Treasury to zero. We are working with our partners at Certik /InsurAce to. The rout followed another shock in May, when the value of terraUSD, a popular “stablecoin,” crashed. 2 million worth of Binance Coin. By Selena 04/13/22 10:42 PM. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. Tether ( USDT) is a cryptocurrency stablecoin pegged to the U. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. Tether tokens were designed by the BitFinex crypto exchange platform. Unlike. In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. Minting proposes a significant value in the growth of cryptocurrencies as a form of money. com Domínio BTC: 44. A stablecoin is essentially a cryptocurrency that seeks to peg itself to a stable currency, typically the U. Peg Support Strategy. dollar, and is then directly convertible to fiat currency by the issuer of the stablecoin. MONEY STABLE is a future-proof way to compound profits made across your portfolio. — 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. Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. S. dollar. Frequently Asked Questions. Log in or sign up to leave a comment. As long as the economy of the country’s fiat currency remains stable, so will the value of the stablecoin. This “peg” ensures a stablecoin stably expresses the value of its associated external asset, which in the vast majority of cases is a major fiat currency issued by a central bank. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. IDR/USD exchange rate. Unlimited NFT's. 15 June 2023. The stablecoin philosophy minimizes the roles of both central and commercial banks. dollar, making them less volatile. Categories of Stablecoins. 5 billion contraction represents a 17. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. ELEPHANT - CoinMarketCap. 36%) Domínio BTC: 44. Building strong protections into the design of the Libra Reserve. Elephant Money - Introducing the TRUNK Stablecoin. S. For example, if functioning correctly a stablecoin pegged to the U. Log in or sign up to leave a comment. UST (Stablecoin) Luna (Floating rate) $20. 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. To summarize, stablecoins offer stability throughout the cryptocurrency landscape in ways that traditional crypto can't match. 5. 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. Blockchain Events, Coin Prices Marketcap And Detailed Reviews on Crypto Exchanges. 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. Check the charts, TRUNK to USD calculator, and more on Coinpaprika. 00 SpiceUSD USDS $ 0. 23% of stablecoins — were. Unlocking Synthetic Derivatives With Chainlink Oracles. 1. D. All of these types of stablecoins are available on exchanges like Kraken. 08 USD Bancor USDB $ 0. Promising faster transactions and lower costs, stablecoins are an alternative to traditional banking solutions. Nevertheless, it remains one of the most popular stable coins available, with a large market cap and high trading. Money ecosystem grows. Subscribe to my Youtube channelmy Newsletterour Private Discord Serveroverall market value of these fiat-pegged tokens expanded from $123.