Elephant Money — Some Food for Thought
Translated in Spanish here, courtesy of Loreto❤
Just a quick post of a Q&A from my telegram group, but maybe something for a newcomer to learn from. I had a good series of questions from Kellie, one of the members from Ladies Christian Fellowship (LCF Ministries — Shoutout to Nakisha and the Daughters of Yah) and a solid follow-up from James to my reply.
Read everything in full for some good dialogue. I figured it could maybe help somebody else. Thank you for the questions, Kellie, it’s been a pleasure to help you on your EM journey thus far. James, I appreciate you brother, and thank you for vibing in my community.
1. Is there a goal to reach for the ‘proper level of participation’ for EM to thrive?
For starters, getting the current userbase of approx. 19k Elephant holders and 20k+ Trunk holders active is a start, it’s getting them to wake up and teach another person that’s difficult. Elephant Money is multi-faceted, and one of the challenges is education.
Most of that explosive growth in users came during the 1st parabolic run-up (March 2022) when chart algorithms and chart watchers aped in without following/learning from YT or Telegram; Elephant holders jumped from 6k to 18k in 30 days, for example. I imagine that these users came in from their charting websites, but did not take the time to understand the tokenomics, they only understand FOMO (Fear of Missing Out).
My goal is instill FOMO with facts, figures, clear communication, and good vibes. Elephant Money is a beast of a protocol. They’ll see.
Cold water was poured onto the hype once the Elephant Treasury (Bertha) was exploited, unwinding the supply shock and turning users away. It’s been an uphill battle ever since, and the goal is to achieve the pre-exploit levels of spot-light on those chart-watcher algorithms again, and we will.
So long as Bertha keeps growing, the Elephant token itself will attract the masses again, it’s only a matter of time. Increasing participation simply increases the rate at which we explode, and people will wake up to the facts soon enough.
2. ‘Supply shock’ means…?
When Bertha reaches 150 trillion tokens, more or less, that means that there are far less tokens in circulating supply. Less tokens circulating means those tokens are scarce. Scarcity of a high demand asset drives up value. The chart going upward and continuing to outperform the market (as proven in 2022 already) attracts eyeballs from all over, and from there, it’s just a numbers game. Several will ape in for a piece of an asset that continually appreciates in value, and as those users purchase available tokens, it further locks up more tokens out of circulating supply, driving the token price up further.
Taxes in/out of Elephant token feed Bertha constantly as well, in addition to the tokenomics of FUTURES, Farmers Depot for EM Farms, etc. The larger she grows, the more tokens the protocol holds between Bertha and the Graveyard, two holders that do not give away tokens, drying up the circulating supply. Elephant token will prove to be one of the best stores of value and a highly sought asset.
As we remove tokens from circulating supply by buying them out of, both, the BNB and BUSD pools in the above chart, the slice of the pie for Holders and Bertha increase. Bertha will not stop growing and will squeeze Elephant Token into the multi-billion dollar market cap we know it becomes.
For supply shock, another way to think about it is comparing Elephant to oil. There’s only so much that exists in the world that is useable. As the human race depletes the available supply of oil, what happens to the price? Oil is highly sought after, yet not enough of it to go around, therefore oil price skyrockets, right? Elephant token will act like oil in that analogy.
3. What happens if the herd doesn’t move in the same direction from a technical standpoint?
Then we fail. Incoming money needs to funnel into Bertha to have her continue to squeeze price upward. Once she’s large enough to pay off liabilities of the ecosystem, everybody wins. If the HERD throws money at every new shiny object from unproven teams and projects that continually lose, then Bertha isn’t growing as fast as she could have had the money just went to her first. Diversification is fine, I get it, and solid and safe plays where yield can be generated to bring some back “home” to your bank at Elephant Money is always a plus, but finding those kind of wins are few and far between. Chances are, it would have been better to have simply put that into Elephant token, Futures, or Farms to begin with.
We all know what’s around the corner for Elephant Money, it’s a proven system that’s outperforming most of these other defi protocols, with deeper liquidity and longevity than most of them combined.
If Bertha fails to grow, the liabilities eventually catch up and begin to drain her, that’s the worst case scenario, though. I’m not concerned. Why? Because Bertha keeps growing post-exploit, so the future is looking bright for a supply shock. Asset growth continues to far outpace debts/liabilities as well.
4. What exactly will it take to get back into the top 100 besides all of us moving the same direction?
Organic growth focusing on Elephant token and FUTURES. Both methods lock up circulating supply into holder’s wallets or Bertha.
She grows.
We supply shock.
It’s that easy.
Then we land in the list of the top 100 projects amongst all crypto, just like last time.
After Posting the Above…
I had some thoughtful dialogue from James!
Thank you for the reply!
1) Burning supply is just another form of rebasing tokens and giving the same whales stronger selling power when they choose to dump. I’m not a fan of burns, and while, yes, it is true that “price goes up on burns,” I think it should be paired with the statement of “so too does the selling power of the whales,” which is nowhere near as effective as the Bertha model of Protocol-Owned-Liquidity (POL) which can’t be forked easily (unless they had a venture capitalist) and proved itself true already in 2022.
Since Elephant Money (EM) has deep liquidity, POL works such that whales in EM are actually reduced in selling power of harming the chart, yet retain all of their appreciated value, and then when they DO sell, the chart and liquidity can actually handle it like a champ.
An engineering marvel unlike anything else in Defi, beyond, and far more effective than, “burns,” which is just a Defi buzzword for protocols to trick participants into a “price appreciation” narrative that often fails since their liquidity is trash and they have no price protection mechanism like Bertha, a whale designed never to dump on you.
Elephant token during the last parabolic run-up did become more valuable, the concept proved true already, I’m not speculating what happens, I’m saying what mathematically will happen…because it already did. We have a crystal ball unlike other “we can theoretically do this” low-liquidity protocols.
2) With the Bertha model stated in #1, assets far outpace debt/liabilities… BY DESIGN. Debt with EM is either capped (2.5M in Futures and Stampede) or simply not producing enough debt at such a low rates vs asset growth, The math is there, this isn’t speculative. EMH videos breakdown how, and Mike Dre (tokenomics GOAT) can breeze through how as well.
This is just the beginning of the protocol…The future use-case and expansion of how this economy is used, and other protocols it diversifies into, is limitless.
Zero concerns.
I like this dialogue 🔥
Conclusion
Spread the word about this winning opportunity to your friends and loved ones before the institutional money joins. This is ground floor for this community project, and you do not want to miss your chance for the highest upside potential.
Participating in EM FUTURES and holding a bag of ELEPHANT TOKEN is one of the best decisions one could make in Defi. Now’s your chance.
For more information on EM FUTURES and the ecosystem, please refer to the following videos:
Oh, and Stampede was updated to mimic the tokenomics of FUTURES, because, ya know, sustainability.
Thank you for taking the time to read this article! Be sure to hold clap for the +50, comment, and share around. Stay safe out there, stay blesssed, and make good choices with your crypto.
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Please do your own research and take this information with a grain of salt. The content of this article is solely the author’s opinion and is not that of a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The author does not guarantee any particular outcome.