14 1irstGold 1GOLD $ 58. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . io to mitigate smart contract risk. Elephant Money, the decentralized finance (DeFi) protocol behind the ELEPHANT token and the TRUNK stablecoin, announced this week that hackers stole $11. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. Creating a system where users can trade. This comprehensive system provides users with opportunities for yield. Price Stability Formula. dollar. A payment stablecoin must be designed to be widely used for the purposes of exchange, is. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. Make Sense? Highest rate I have seen is elephant. Tether — USDT; TrustToken; TUSD. ELEPHANT. 00 SpiceUSD USDS $ 0. Stablecoins, as the name suggests, are digital assets whose value is designed to remain stable amid the ups and downs of the crypto market. Installing Ipopt. 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). They are a vital part of the crypto economy. These coins are kept stable through a computer program running a preset formula; hence, its name. – Mint 910,407 TRUNK to C1 – Add Liquidity 910,407 TRUNK and 902,123 BUSD on PancakeSwap . S. Bilgisayar korsanları bu saldırıyı birkaç kez gerçekleştirdi; Elephant Money. Some stablecoins are backed by assets; other stablecoins are backed by algorithms or volatile cryptocurrencies. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. In most cases, a stablecoin fixes its rate on a one-to-one basis. Stablecoins are crypto assets that aim to keep their price “pegged” to the market value of an external asset such as a fiat currency or commodity. U. Token Mechanics - Mint & Redeem. Stable coins are so-called (mostly) pegged to a Dollar. Press J to jump to the feed. Step 4: Swap 34,244,200,239,512. USDT (TRC-20) is a U. PAX (Paxos. 25 billion but is widely distrusted by crypto exchanges and traders. It might as well define the next era of monetary ecosystems, which will probably be decentralized. Circulating Supply. 5% reward on deposit & rolls by setting up a. The main types of stablecoins are fiat-collateralized and crypto. Premium Powerups Explore Gaming. We are working with our partners at Certik /InsurAce to. USDC has recently grown in market share—helped by its. The new stablecoin will also be available on Ethereum. Unlimited NFT's. It is collateralized against 75% BUSD and 25% ELEPHANT. 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. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. Decentralized finance ( DeFi) protocol Curve Finance deployed its highly anticipated native stablecoin called crvUSD on the Ethereum mainnet Wednesday afternoon. Examples include tether (USDT), USD coin (USDC) and. 2 million in equivalent has been lost permanently. Go to quickswap to enter the pair in a liquidity pool. Get real-time crypto data now!Get the latest and historical Elephant Money Stable price, TRUNK market cap, trading pairs, and exchanges. ELEPHANT fiyatının yükselmesine ve saldırganlar için döngü başına 4 milyon dolarlık bir kâra neden oldu. USD Coin (USDC) USD Coin is a stablecoin backed by Coinbase, the world’s biggest bitcoin broker and largest exchange holder of bitcoin. The issuer builds their coin on a blockchain platform that supports smart contracts. Stampede Perpetual Bonds. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. Obtenha o preço mais recente e histórico Elephant Money Stable, TRUNK market cap, pares de negociação, e bolsas. Palladium Coin. Trumpet Features. It is another popular fiat-backed stablecoin and is used on many exchanges. Elephant Money Farms. When redeeming TRUNK (1% Fee), there are 3 actions happening. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. As you can clearly notice, the working of an algorithm-based stablecoin depends profoundly on an algorithm. USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Coinpaprika. S. High Yield with Zero Fees / Taxes. com Domínio BTC: 44. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. Stablecoins address the desire for a solution that effectively bridges the gap between fiat currency and cryptocurrency. A stablecoin is a cryptocurrency designed to maintain a steady value by being tied to a more stable asset like a traditional currency or gold. ELEPHANT - Coingecko. Licensed by the New York State Department of Financial Services, the stablecoin boasts a transparent 1:1 backing by U. TRUNK's market cap is $7. Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. As a result, MakerDAO has shifted much of its reserves to USD Coin, one of the most popular stablecoins in terms of market cap. For example, if functioning correctly, a stablecoin pegged to the US dollar or. Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. Trumpet Features. io to mitigate smart contract risk. 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 eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. dollar or the Euro. The end result after a year of higher highs, Elephant Money (in my. S. 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. 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. ELEPHANT. . Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. g. 6%. Fiat currency, crypto-backed, and algorithmic functions usually serve as backers of stablecoins. Elephant Money Futures Vaults. USD Coin is backed by reserves held in financial institutions. TRUMPET - How It Works. So you have access to stable money that you can use on Ethereum. In Elephant Money’s case, this is just the beginning of the Parabolic move. Inaczej mówiąc, podobnie jak w przypadku kontraktów. S. dollar. Money is happy to confirm that we have officially partnered with InsurAce. 3. The actual token price may sway a little bit in reaction to changing market conditions, and the actions that keep it. TRUNK Elephant Money Stable (TRUNK) is partially collateralized by BUSD with deep. Coins. 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. Trunk is a stable coin 1 Busd to 1 trunk ratio . Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. The coin was created by the company Tether and has remained relatively stable since its introduction in 2015. To summarize, stablecoins offer stability throughout the cryptocurrency landscape in ways that traditional crypto can't match. ELEPHANT is used to generate yield for TRUNK and support the peg. T erraUSD (UST) is a stablecoin built on the Terra blockchain and was designed to always retain its value of $1, or sometimes known as. By Selena 04/13/22 10:42 PM. 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. It has faced controversies in the past. TRUMPET Token - Additional Details. By implementing this strategy. Moreover, the interconnectedness of stablecoins with the wider financial system continues to deepen. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. Elephant Money Futures Vaults. Elephant Money Stable مخطط الأسعار | القيمة السوقية | TRUNK بالدولار الأمريكي | TRUNK حاسبة عائد الاستثمار | الأخبار | الوصف | الفريق | الأحداث ذات الصلة | المجموعة | العملات المشابهةTron’s USDD will be more like Terra’s UST, and targets $10 billion in reserves, founder Justin Sun said. And with stable coins I use Elephant. You. S. Projects currently included in the COIN-OR Optimization Suite are listed below. For example, if functioning correctly a stablecoin pegged to the U. In addition, Tether (USDT) is a native token of the Tether network. S. For example, if functioning correctly a stablecoin pegged to the U. dollar or gold. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. 29 in January 2018. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. One of the sole reasons to rank this coin at 1 st in the list of best stablecoins is its three-pronged strategy. Users can convert their stable-coins into vol-coins or their vol-coins into stable-coins at a rate of $1 worth of vol-coin per stable-coin, perhaps with a 0. Understanding DAO's is a must before you invest a single penny with these High Risk/ High Reward platforms. BSC News - Elephant Money - Introducing the TRUNK Stablecoin. Mechanism of stabilization: Each USDT Collateralized token has a corresponding $1 U. 2022-04-15 08:47:27. TL;DR. is taking steps to become one of the world’s top Bitcoin miners, as the $87 billion stablecoin operator makes a hefty. The value of a stablecoin is the same as the value of the actual asset or fiat currency that it pegs itself to. S. 56% per day. , was backed 1:1 by cashlike holdings — but then it disclosed in July that 40 percent of its holdings were actually in U. Beginner. Trunk is a stable coin 1 Busd to 1 trunk ratio . Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. 73mil in bonds which will require the system to pay out 3. and Europe, as well as a consumer flight to safety in the crypto. TRUNK is over-collateralized by BUSD with deep liquidity. We update our USTC to USD price in real-time. Bitcoin, the bellwether for the crypto market, took a beating this week. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . S. You can see that with stampede, someone grew their account of 10k to 3. Turn on the mining software without overclocking. Fiat-Backed Stablecoins. dollar, and is then directly convertible to fiat currency by the issuer of the stablecoin. Lastly, the third one. Though they're less turbulent than other cryptocurrencies, there are still risks to. On July 17, IBM announced its involvement in a U. TRUMPET. 55mil trunk over the next year. Elephant Money Stable (TRUNK) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20)Join us on social networks. Stablecoins aim to maintain their pegged rates using different means. The UST stablecoin was built to deliver DeFi ( decentralized finance) trading on the Terra ecosystem. Check out a working copy from a repository. invested in an owned account. S. 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. Type of Stablecoin. 5 billion in Bitcoin trying to stabilize. Elephant Money Stable (TRUNK) Services. Stablecoins aim to maintain their pegged rates using different means. ELEPHANT has a supply of 1 quadrillion (Common thing to see in projects. MONEY STABLE is a future-proof way to compound profits made across your portfolio. 5 billion from January 2022, while USD Coin (USDC) and Binance USD (BUSD) gained market share. This ELEPHANT is sold for TRUNK and that TRUNK is deposited into the Dividend Pool. save. Stable coins backed by cryptocurrencies are supported by a cryptocurrency. ELEPHANT - Nomics. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. Stablecoins, a brand-new segment of the cryptocurrency market, are the outcome. Value wildly spikes and falls, discouraging many people from adopting the virtual currency. Volatility in Ethereum severely affected Dai’s stability in 2020. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. 96) to the dollar, tanking to a low as $0. 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. Elephant Money Stable (TRUNK) Circulating Supply. dollar-pegged stable coin project dubbed Stronghold. Unlimited NFT's. 14 Digix Gold Token DGX $ 51. A stablecoin is cryptocurrency with a twist. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. 8 billion — or 7. Unlike. ”. Sector. Tron is a delegated proof-of-stake blockchain that hit an all-time high of $0. TRUMPET. When 1 UST is less than $1. The stablecoin philosophy minimizes the roles of both central and commercial banks. Wrapped Bitcoin (WBTC) is another example of a crypto-backed stablecoin. 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. a. The Federal Reserve ’s top bank watchdog said crypto stablecoins could amount to private money that might be. Yahoo - ELEPHANT. 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. Rita Liao 8 months Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an. MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market. This doesn’t work for all stablecoins, especially those tied to the US dollar. 5. The smart contracts contain the rules and algorithms that govern the coin’s supply in response to demand. 0 TRUNK to 44,156 BUSD . Use the Reserve to mint Elephant Money Stable (TRUNK). Sooke, BC. share. What do you think about terrausd (UST) becoming the third-largest. Elephant Money Farms. dollar. Elephant Money Stable Coin price is $0. Some stablecoins are pegged to a fiat currency such as the U. USD Coin (USDC) As the name suggests, USD Coin ties to the value of the US dollar. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. TerraClassicUSD is up 0. Money is happy to confirm that we have officially partnered with InsurAce. USDT (USD Tether) – A fiat-collateralized stablecoin that is pegged to the US dollar. Sell-offs in the market for cryptocurrencies like bitcoin and ethereum continued this week. dollar and backed "100% by Tether's reserves," according to its website. It eats the leaves of trees, and it has a long neck. . Liquidity Management (Stability) ELEPHANT Token Supply Management System (Growth) Token Holder Distribution. You must be familiar with ERC-20 smart contracts and their functionalities. TRUNK Deposits. You. at the end of year 5, you will have 1. Some stablecoins can be pegged to other types of assets. 2 million worth of Binance Coin. The working of these stablecoin is a complex. 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. Stamp bonds are tied to your wallet and can be added to at any time. Fiat currency digital asset is the most popular use case for stablecoins. Algorithmic stablecoins. 04 mStable USD MUSD $. 52B, after an increase of 0. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. 100% Upvoted. C$20. Blockchain Events, Coin Prices Marketcap And Detailed Reviews on Crypto Exchanges. 752 Trunk. A stablecoin is a cryptocurrency asset designed to maintain a fixed value over time. Stablecoin. Posted by 27 days ago. What are stablecoins? Stablecoins are essentially cryptocurrencies that are. ELEPHANT. The attackers minted TRUNK stablecoins, raising the price of ELEPHANT tokens. But the. Trunk is $1 stable coin that buys and owns 80% of Elephant money. Liquidity cost: low. , smart contracts) to dynamically reduce the price volatility of a specific asset, such as the U. Elephant. 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). stablecoin. dollar, is the second-largest stablecoin in circulation and the fourth-largest token of any kind. The cryptocurrency was initially created by Binance, and it is the most significant trading volume. 206396. S. ELEPHANT - Nomics. 69. 14 billion. dollar should always be worth approximately $1. 8 [ on May 5, 2022. The firm previously said USD Coin was backed 1:1. Elephant Money Futures Vaults. TRUNK has never. 2. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. Official Trackers. 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. It's picked up popularity as more crypto wallets, platforms and. Stablecoins Aim to Achieve Balance. 58 billion and a 24-hour trading volume of 2. "," ",". 4. The rout followed another shock in May, when the value of terraUSD, a popular “stablecoin,” crashed. 3 min read. The stable-coin project built by Keefer Taylor and Luke Youngblood will fill a much needed void that is currently placed around many different stable-coins that are either still under development or custodial. Now they have a new target: stablecoins. A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U. MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token. Now, they're coming for cryptoCOIN-OR Optimization Suite Binaries. You must select the locked deposits and have as much as possible of CRO tokens staked on their platform in order. S. Reason: Removes TRUNK from circulation. Elephant Money Stable (TRUNK) Services. The attacker minted TRUNK stablecoin and redeemed it for more WBNB and BUSD in a range of events. Photo: Pixabay. S. Decrypt • Nov 22, 23. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. This comprehensive system provides users with opportunities for yield generation and price appreciation in any market cycle. So far, the main use case for algorithmic stablecoins has been speculative trading. The reserves are backed 75% by BUSD and 25% by ELEPHANT and can be staked to earn. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . They share a lot of the same powers as ETH but their value is steady, more like a traditional currency. Their value is fixed, usually on a 1:1 basis with the U. Stablecoins that use collateralization should hold a matching amount of a specified asset in their reserves. 55mil in 6 years and this doesn't even include all of the claims that user made. A stablecoin is a cryptoasset pegged to another asset, such as fiat currencies or precious metals. Binance trading fees: maximum of 0. 2130. . Stablecoins attempt to solve a challenging problem in the cryptocurrency market: volatility. S. 80 to $1. It is designed to find (local) solutions of mathematical optimization problems of the form. S. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. Elephant Money Stable (TRUNK) Services. 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. We update our TRO to USD price in real-time. TRUMPET. 00% in the past 7 days. Algorithmic stablecoins are innovative mechanisms that can elevate decentralized finance. Dollars and short-term U. Stable currencies are more useful as a store of value and medium of exchange. 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. If PATH is omitted, the basename of the URL will be used as the destination. Swap half the MAI for USDC for 1% fee on QiDao. A stablecoin is a particular type of cryptocurrency that is “pegged” to a more stable reserve asset. However, you should note that neither of these coins is backed by the United States government like the dollar. Elephant Money Stable (TRUNK) Services. How two coins combined to hold one’s value steady. Check answer Show a letter Show answer. Stablecoins are backed by reserve assets such as the U. 10, 2023, a combined $9. ELEPHANT. news/post/e. S. 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. 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). Regarding fiat-backed assets, USDC. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. “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. com and the amount of stablecoins you deposit. Stablecoins can be categorized on the bases of their working mechanisms: 1. Except for the brain, the trunk houses all the vital organs of the human body. This stability is commonly achieved by pegging the token to an asset such as gold or fiat currency. Stablecoins are crypto assets pegged to the value of another commodity or assets such as fiat currencies. The $87 billion stablecoin operator has large coffers that could make it a significant competitor in. ELEPHANT is Elephant. Not only are these coins being used to facilitate retail crypto trading and support decentralised finance (DeFi) (through. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. Traditional banking processes may make it difficult to convert a depreciated local currency into a stable international currency. 1. 8M BUSD to H1, 64,450B ELEPHANT to H1 COIN-OR Developer's Guide. Their low transaction costs and traditional asset. This means, by purchasing the stablecoin, that the trader is essentially holding gold. 50. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. 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. Elephant Money's TRUNK stable coin is battle tested through bull / bear market conditions and malicious side door exploits. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. Lock in your gains. 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. Cryptocurrencies. Not all stablecoins use the same method to keep their value. USD Coin, which is also tied to the U. TRUNK Rolled. With trunk, you are able to compound your earnings when you stake your trunk. Currently, cryptocurrencies are volatile and can experience dramatic price fluctuations in a short period of time. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. ELEPHANT - Live Coin Watch. Stable Coin. The stablecoin TerraUSD, or UST, crashed almost completely at one point on Thursday and lost its $1 peg (€0.