Stablecoins are not risk-free. ”. Go to quickswap to enter the pair in a liquidity pool. 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. Circulating Supply. S. Great thing is you stake trunk backed by BUSD $1 so the value is fairly stable. 23% of stablecoins — were. Unlimited NFT's. We only do awesome! Canadian Veteran owned. save. Step 5: Redeem with 90M TRUNK – Burn 90M TRUNK – Withdraw 66. The way each stablecoin is backed works a little differently depending on what reserve asset they’re tied to. 2 million worth of Binance Coin. 11 (€0. dollar that doesn’t change much in value. You. Launched in 2019, this coin is a creation of the colossal centralized crypto exchange, Binance, in partnership with Paxos. ago. ELEPHANT - Nomics. 5%. The security of a non-volatile digital tender which is both backed up by a national currency and by blockchain sounds like a deal. 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. 15 June 2023. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. g. The algorithm controls the coin’s demand and supply, which are dictated by. Stable coins backed by cryptocurrencies are supported by a cryptocurrency. Trunk’s reserves are backed by 75% by BUSD and 25% by elephant token. Find the clock value that makes the GPU driver crash (reload), and move 50 MHz down. It operates on top of a collection of blue chip assets, a core rewards token called ELEPHANT, and a stable coin known as TRUNK . Swap half the MAI for USDC for 1% fee on QiDao. It generally isn't always stable. 01 bitCNY BITCNY $ 0. com Domínio BTC: 44. Since their all-time supply highs in November 2022 until Feb. a. The rout followed another shock in May, when the value of terraUSD, a popular “stablecoin,” crashed. This document is a guide to using Ipopt. Notifications. Money suffered a major loss today with investors losing about 90% of their value in the platform in seconds. arrangements consisting of two coins or tokens: the stablecoin, in this case UST, meant to maintain a stable value or “peg,” and a balancer token, in this case, LUNA, the value of which can fluctuate. dollar and cryptocurrencies. Elephant Money Stable (TRUNK) Services. Jun 1, 2022 10:13AM EDT. Stablecoins are a type of cryptocurrency whose value is tied to another asset class to keep a stable, steady value. Getty. Use the Reserve to mint Elephant Money Stable (TRUNK). But the. How stablecoins get their stability. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. Credit: sdx15 / stock. 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. Dollar or a real-world asset such as gold. This means that you get rewarded with passive dividends through this ecosystem! TRUNK High Yield Savings. By Ehis Ohiwerei. TRUNK is backed by 75% BUSD, and 25% ELEPHANT. These stablecoins are backed by physical assets like precious metals (gold, silver), oil, and real estate. Alternatively, a stablecoin may have a face amount denominated in a specified measure of a tangible commodity (e. The working of these stablecoin is a complex. 2130. 56% daily. Some stablecoins can be pegged to other types of assets. Stablecoins are digital currencies designed to maintain a direct one-to-one peg to a more stable underlying asset, like a national currency. They can be used as stores of value or units of account, as well as in other use cases where volatile cryptocurrencies may be less. Check out our AI powered knowledge base Elephant Money 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. dollar. Tether. Sooke, BC. But all the existing algorithmic stablecoins failed to date, owing to their experimental nature. USD Coin is a popular stablecoin pegged to the U. In Elephant Money’s case, this is just the beginning of the Parabolic move. Cryptocurrencies. 36%) Domínio BTC: 44. The end result after a year of higher highs, Elephant Money (in my. With a fully decentralized and trustless stable-coin in the Tezos ecosystem, the stepping stones and groundwork will be laid for higher. For example, in the U. S. How two coins combined to hold one’s value steady. So you have access to stable money that you can use on Ethereum. MONEY STABLE is a future-proof way to compound profits made across your portfolio. The stable value of these commodity-backed stablecoins is pegged to the equivalent dollar value of the underlying commodities. Stable Coin SBC $ 1. So this is like 20 steps but since it’s polygon it’s cheap to do. Elephant Money Stable (TRUNK) Services. It has a circulating supply of 8,980,598,294 USTC coins and. Scam News. dollar. 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. Binance trading fees: maximum of 0. dollar should always be worth approximately $1. Description. A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U. S. They are a vital part of the crypto economy. Our easy to use TRUNK / USD Converter will calculate any amount you wish at the real-time exchange rates. According to Sun, TronDAO “will deploy $2 billion to fight them. It is designed to find (local) solutions of mathematical optimization problems of the form. Commodity-collateralized Stablecoins. Here is what experts say investors should know about the novel class of cryptos dominating headlines in recent weeks. Reason: Removes TRUNK from circulation. TRUNK COIN. Trunk or Elephant Money Stable is a partially collateralized stable coin that is backed by the value of $1 USD. Elephant Money Farms. , as well as a tutorial on how to solve a nonlinear optimization problem with Ipopt. BSC News - Elephant Money - Introducing the TRUNK Stablecoin. dollar) or a commodity like gold. e. GO Hold a superior store of value in ELEPHANT or mint UNLIMITED NFTs for life-changing perpetual rewards. Yet, it’s already making waves with a market capitalization of 2. Step 4: Swap 34,244,200,239,512. ELEPHANT. Stablecoins are a type of cryptocurrency designed to offer the flexibility of digital assets with the price stability of fiat currency. It also uses a TRON address for deposits and withdrawals which takes place on the TRON blockchain. Real priced commodities like real estate, gold,. TRUMPET. Stampede bonding trunk you get 205% and daily compo. TRUMPET. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Stable cryptocurrencies are an attempt to establish some form of guarantee to the market. Stampede Perpetual Bonds. dollar. Now, even though the data suggests that IDR-pegged coins have low volatility in general, we wouldn’t personally use them as stores of value since the rupiah has had a 43. UST is a decentralized, scalable, and yield-burning stablecoin with a $16 billion. The first is Stampede Bonds using the Trunk hybrid stablecoin, which returns 0. Traders regularly use stablecoins to avoid price volatility without having to convert their digital assets back to cash. In this article I will cover how you can achieve a 350%+ return arbitraging a stablecoin. 2 million in equivalent has been. A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. Log In Sign Up. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. Trunk Staking & Stampede Bond. Elephant Money, a stable coin platform that uses the TRUNK token became a victim of the flash loan attack, which manipulated a token price oracle leading to a loss of $22. more USD Coin (USDC): Definition, How It Works in Currency, and Value Stablecoin values are pegged to the value of a given currency. Trumpet Features. The collapse of the TerraUSD stablecoin has significantly affected the crypto sector and broader financial markets. 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. The project aims to offer services to those who need wallets to keep their cryptocurrencies safe. Although many fiat-backed stablecoins are pegged to a single fiat currency, it doesn’t necessarily have to be so. Step 4: Swap 34,244,200,239,512. g. Stablecoins can be backed by cash, cash equivalents, commodity. A guide to fiat-pegged cryptocurrencies. Dollars and short-term U. This stability is commonly achieved by pegging the token to an asset such as gold or fiat currency. This mechanism is of course subject to the limits described in (2). The firm previously said USD Coin was backed 1:1. TRUMPET. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. S. MONEYStablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. USD Coin (USDC) As the name suggests, USD Coin ties to the value of the US dollar. scalciaregt • 2 yr. I think this is known as the "Unstable trunk, stable branch" philosophy. With trunk, you are able to compound your earnings when you stake your trunk. The $87 billion stablecoin operator has large coffers that could make it a significant competitor in. I've been earning 0. Victoria, BC. My second largest holding is in Elephant Money, and the 3 different internal projects of the BTC-like speculative Elephant Money, The Trunk Stablecoin staking, and the DRIPlike Stampede paying 0. These digital coins […] KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round. Palladium Coin. Some stablecoins are backed by assets; other stablecoins are backed by algorithms or volatile cryptocurrencies. Posted by 27 days ago. Lock in your gains. S. The issuer builds their coin on a blockchain platform that supports smart contracts. 10, 2023, a combined $9. Crypto-backed stablecoin are those stablecoin that are backed by cryptocurrencies. Along with TerraUSD, major stablecoins include Tether and USD Coin (USDC. It is designed to find (local) solutions of mathematical optimization problems of the form. Elephant money is a true deflationary coin that will see a supply shock, mooning this token. The main reason to buy and hold stablecoins. Stablecoins have their limitations, depending on the. The price increased by 100. Trumpet Features. That ratio of collateral to DAI is algorithmically calculated to maintain the stable pegged price of 1 DAI = $1. By Ehis Ohiwerei. 50. Key Highlights. 18 ELEPHANT to 163,782 WBNB (to profit from reverse swap) Swap 45,000. Tether. Peg Support Strategy. 4. 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. TRUNK's market cap is $7. 29 in January 2018. In most cases, a stablecoin fixes its rate on a one-to-one basis. . Elephant Money Futures Vaults. ~Cryptozoa. Scam News. 58 billion and their market. 55mil in 6 years and this doesn't even include all of the claims that user made. MONEY STABLE is a future-proof way to compound profits made across your portfolio. The company said it was facing an “automated attack” against its treasury and in a Medium post, their founder s. The declining market caps of these stablecoins confirm this. 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. They eventually traded in ELEPHANT and TRUNK tokens for Binance Coin and Binance’s US Dollar stablecoin BUSD. If a stablecoin has issued $1 million of a coin pegged to the US dollar, then that stablecoin should. 0 TRUNK to 44,156 BUSD . "," A stablecoin is a cryptocurrency whose value is pegged to the price of another asset, hence the term “stable. The DeFi projects token on the Binance Smart Chain dropped suddenly and hard leaving those in the platform no time to take correcti. TRUMPET. News and World Reports - Crypto and Russia-Ukraine War: What Investors Should Know. ago. Ipopt (Interior Point OPTimizer, pronounced eye-pea-Opt) is a software package for large-scale nonlinear optimization . This guide is for developers of COIN-OR projects, especially those that use the COIN-OR build system. Elephant Money, a stable coin platform that uses the TRUNK token became a victim of the flash loan attack, which manipulated a token price oracle leading to a loss of $22. UST (Stablecoin) Luna (Floating rate) $20. Bitcoin, for example, can rise or drop by double-digit percentages in just a few hours. 1/8 The STABLE Act would represent a huge step backwards for digital currency innovation in the United States, limiting the accelerating progress of both the blockchain and fintech industry. The fact that stablecoins are pegged to an external reference, often a fiat currency, keeps their market value stable. 58 billion and a 24-hour trading volume of 2. To guarantee a $1 peg per coin, fiat-backed stablecoins. Fiat-backed stablecoins are the cryptocurrencies most closely related to fiat (or traditional) currencies because they are backed by real-world currencies. Rare coin and precious metals dealer. 1. As long as the economy of the country’s fiat currency remains stable, so will the value of the stablecoin. ELEPHANT. A pioneer among them, tether (USDT)—founded in 2014, a coin pegged to the value of the U. Check out a working copy from a repository. The main types of stablecoins are fiat-collateralized and crypto. It resulted in the spike of the ELEPHANT price and a $4 million profit for attackers per cycle. Tether (USDT) is the most widely used stablecoin and is pegged to the U. ELEPHANT Token Supply Management System (Growth) Elephant Money Futures Vaults. Binance stablecoin withdrawal fees, which usually range from US$0. It is a fiat-collateralized stablecoin on the Ethereum blockchain as an ERC-20 token. 14 Digix Gold Token DGX $ 51. 5 billion contraction represents a 17. Minimum 30% interest on your dollar. The declining market caps of these stablecoins confirm this. Indeed many seasoned Crypto YouTubers don't understand that there is a humungous difference between APY% and APR%. , one unit of a dollar-pegged stablecoin may be equal to $1. ELEPHANT - Nomics. io to mitigate smart contract risk. MONEY implements an open global economic engine for stable coin yield. Fundamentally, backing the coin with less volatile traditional assets like USD or Gold makes it more stable, thus providing a safer alternative for all the players in the crypto ecosystem. TerraClassicUSD is up 0. You can stake TRUNK for 111% APY Or bond in their Stampede product for 205% APR. The TrueCoin project offers an alternative to Tether, a USD-backed stable coin that has grown to over $1. Token Holder Distribution. Which is easy for people to understand. Bonding TRUNK ensures the system as a whole is taking profit to payout yield for the long term, in any market condition. Calculate between Elephant Money Stable and US Dollars. As you can clearly notice, the working of an algorithm-based stablecoin depends profoundly on an algorithm. at the end of year 5, you will have 1. 4. Bilgisayar korsanları bu saldırıyı birkaç kez gerçekleştirdi; Elephant Money. Unlimited NFT's. S. Wrapped Bitcoin (WBTC) is another example of a crypto-backed stablecoin. In addition, Tether (USDT) is a native token of the Tether network. . TRUNK's market cap is $7. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. Saldırgan, bir dizi operasyonda TRUNK stablecoin mint’ledi ve daha fazla WBNB ve BUSD almak için kullandı. When 1 UST is less than $1. Trunk a minimum 30% ROI APY with variable rates usually around 70% ROI APY . A stablecoin is a cryptocurrency that is designed to make transacting with crypto more practical. S. Trunk stablecoin minimum 30% APR; Stampede bonds are tied to your wallet and can be added to at any time. Hackers performed this attack a number of times; per Elephant Money's estimations, in total, $11. Currently 69% APR . With increasing regulatory pressure towards fiat-backed stablecoins, the potential development of a wholesale CBDC in the U. A perceived drawback of cryptocurrency is price volatility. 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 . ELEPHANT. share. This means one can buy one USDC for $1 or redeem one USDC for $1 at any given time. Fiat-collateralized stablecoins are the most common type and the simplest structure of stablecoins. The cryptocurrency was initially created by Binance, and it is the most significant trading volume. It includes instructions on how to obtain and compile Ipopt, a description of the interface, user options, etc. Tether ( USDT) is a cryptocurrency stablecoin pegged to the U. 0 TRUNK to 44,156 BUSD . 00% in the past 7 days. 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. Treasury bills, which are. dollar on a 1:1 ratio—became a major source of liquidity for the cryptocurrency market. S. 8M BUSD to H1, 64,450B. This article splits the stable coin into 2, making 3 categories, namely unstable, stable, and pegged coins. Enable stampede, authorize the transaction, and proceed to bond the desired amount of TRUNK coins. The documentation consists of the following pages: Overview. Unlimited NFT's. Elephant Money Stable (TRUNK) Services. 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. Fiat-collateralized stablecoins are centralized in nature as there is a single entity that issues the stablecoin, controls the supply, and which is responsible for backing it with. 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. That’s why they are MY best projects ;-)----Follow. Regarding fiat-backed assets, USDC. This comprehensive system provides users with opportunities for yield. BIDR, IDRT, and XIDR are all stablecoins pegged to the Indonesian rupiah (IDR). We are working with our partners at Certik /InsurAce to investigate. In the case of USDC, it is designed to be pegged to the US dollar and redeemable 1:1 for US dollars. So, not only do you benefit from the 31. 2022-04-15 08:47:27. A stablecoin is a kind of cryptocurrency that is pegged to the value of an external asset. Stablecoins can be backed by cash, cash equivalents, commodity. We update our TRO to USD price in real-time. 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. Stablecoins are global, and can be sent over the internet. 1%. 8M BUSD to H1, 64,450B. Only problem is that it relies on the issuing party being properly regulated and honoring deposits and withdrawal as they should. TRUMPET - How It Works. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. Elephant Money Stable (TRUNK) is currently ranked as the #22024 cryptocurrency by market cap. It was created in partnership between the largest and most trusted companies in the crypto space, Binance Exchange, and Paxos Trust Company. ELEPHANT. 58 Karatgold Coin KBC $ 0. There are dozens of stablecoins in use, with a combined market value that topped $100 billion in May, and more are coming. 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. They aim to offer all the benefits of. MONEY implements an open global economic engine for. 2 million worth of Binance Coin. 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. where f (x): Rⁿ --> R is the objective function, and g (x): Rⁿ --> Rᵐ are the constraint functions. 73mil in bonds which will require the system to pay out 3. 2. 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. 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. 2 min read. Unlimited NFT's. Here is how an algorithmic stablecoin works: The coin’s issuer selects a stable value relative to a specific asset as a peg. Investors didn't want LUNA or UST. 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 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). USD Coin (USDC) is a popular stablecoin that is pegged to the U. TRUNK High Yield Savings. Use the Reserve to mint Elephant Money Stable (TRUNK). at the end of year 5, you will have 1. 5 billion in Bitcoin trying to stabilize. Stable coins are so-called (mostly) pegged to a Dollar. Crypto-collateralized stablecoins. ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell. Elephant Money Stable (TRUNK) Services. Tether — USDT; TrustToken; TUSD. 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. The 2007-08. That structure raises familiar risks. Today it reached a high of $0. share. And with stable coins I use Elephant. Not all stablecoins use the same method to keep their value. Elephant Money - Introducing the TRUNK Stablecoin. Close. Elephant. TRUNK is over-collateralized by BUSD with deep liquidity. S. The most popular stablecoins. Stablecoins offer a way to bridge the gap between fiat currencies like the U. S. Stampede Perpetual Bonds. USDT can be used to purchase products. Trunk. In fact, the Wrapped Bitcoin project currently holds over 280,000 BTC as a reserve for WBTC, with Ethereum being used as collateral. In the past few months, I have written several articles about updates and improvements made to the Elephant Money platform. The stablecoin in question is called TRUNK which is part of the elephant money ecosystem. ELEPHANT is used to generate yield for TRUNK and support the peg. Stablecoin usage continues to climb in 2023, with hundreds of thousands of users relying on these US dollar-pegged cryptocurrencies every day. Price manipulation: Fintech: CC: N/A: Link: Elephant Money, ELEPHANT, TRUCK: 87: 12/04/2022--Anonymous: Ministry of Culture of the Russian. S. On May 9, 2022, UST's price plummeted to as low as $0. 56% per day. Price Stability Formula. Coins.