Elephant Money

Elephant Money

ELEPHANT
$0.000000222%-5.96

Key Metrics

Price$0.000000222
Real Volume (24H)$414,278.16
MarketcapN/A
Fully Diluted ValuationN/A
ATH$0.000000601277
ATH Date3/31/2022, 4:57:21 PM
ATL$0.000000003271
ATL Date6/22/2021, 5:45:32 PM
Circulating SupplyN/A
Total Supply1000T
WebsiteN/A
WhitepaperN/A
Popularity Rank9121
Chart
What is Elephant Money?

Elephant Token (ELEPHANT) is a permissionless economic integration system that aims to help communities build wealth through active and passive rewards. Elephant.Money aims to implement a voluntary, sustainable, and permissionless global economic engine. The engine is based on a set of high-quality blue-chip assets, a core reward token (ELEPHANT), and a stablecoin (TRUNK).

ELEPHANT is a native BEP-20 token that belongs to the Elephant Money Network based on the Binance Smart Chain. The token provides equitable distribution value, automatic balancing burning mechanism, and uninterrupted lifetime manual rewards. ELEPHANT token holders are rewarded by holding tokens in their wallets. The holders receive a 10% transaction fee for each transaction. 5% of the transaction fee is distributed equally to all existing token holders, and 5% is added to the locked liquidity.

TRUNK is a partially collateralized stablecoin of the Elephant Money Network based on the Binance Smart Chain (BSC). The token captures value backed by an asset reserve that aims to provide $1 worth of redemption and stakes for high returns. TRUNK reserves are supported by 75% Binance USD (BUSD) and 25% by ELEPHANT. TRUNK allows players to earn passive rewards from the 1% drip dividend pool by staking TRUNK to increase their earnings.

The Elephant Money Network generates compensation credits upon issuance and redemption at 11% and 4% of the issued/redemption quantity, respectively. These rewards are shared between the TRUNK staking pool, the Elephant Money V2 storage pool, and the performance pool. All pools are rewarded with 1% of their daily balance. TRUNK also benefits ELEPHANT holders as 25% of the BUSD used to issue TRUNK will redeem ELEPHANT.

Stampede is Elephant Money Network's bonding system that users use to lend their TRUNK. Users can burn TRUNK and split 50/50 between the ELEPHANT Treasury and the ELEPHANT/BUSD PancakeSwapliquidity pool by participating in the system. The system can use the profits to pay income in the long run by linking TRUNK, regardless of market conditions. Bonds are linked to their wallet and can be added at any time.

Stampede aims to allow users to earn a fixed, low-risk return to enhance the ELEPHANT Treasury. Alternatively, since the rewards are paid in stablecoins, users can earn stable profits regardless of market conditions. Elephant.Money is a unique project that offers a sustainable economic engine to help communities build wealth through active and passive rewards. The Elephant Money Network's approach is to create a voluntary, sustainable, and permissionless economic integration system that is based on a set of high-quality blue-chip assets, a core reward token (ELEPHANT), and a stablecoin (TRUNK).

The Elephant Money Network has a core mission to help communities build wealth and to facilitate equitable distribution. The system is designed to reward holders of ELEPHANT and TRUNK by providing incentives to hold these tokens. The 10% transaction fee provides an attractive reward for ELEPHANT holders, while the TRUNK stablecoin offers a partially collateralized asset reserve that aims to provide $1 worth of redemption and stakes for high returns.

The compensation credits generated by the Elephant Money Network upon issuance and redemption aim to benefit all token holders. These rewards are shared between the TRUNK staking pool, the Elephant Money V2 storage pool, and the performance pool. The 1% drip dividend pool provides an opportunity for TRUNK holders to earn passive rewards by staking their tokens.

In conclusion, Elephant.Money is a unique and innovative project that aims to offer a sustainable economic engine to help communities build wealth through active and passive rewards. The Elephant Money Network's approach is designed to create a voluntary, sustainable, and permissionless economic integration system that is based on a set of high-quality blue-chip assets, a core reward token (ELEPHANT), and a stablecoin (TRUNK). The system is designed to reward token holders while facilitating equitable distribution and benefiting all participants. Overall, Elephant.Money has the potential to become a significant player in the world of decentralized finance (DeFi) by providing a new and exciting way for communities to build wealth.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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