Elephant money, Trunk, and Stampede will be the king of DeFi and passive income. You’re not late to the party — yet.
Ever been fashionably late to a party? Maybe trying to impress someone so you wanted all the attention on you? Yeah — I did that with a group of buddies in eighth grade when we were trying to help one of our friends impress a girl. A bunch of 14 year-olds playing psychological warfare in middle school — probably had no idea what it meant at the time.
In terms of DeFi, wouldn’t it be nice to be late to the party and still have a chance of AT LEAST making your money back? What if you had a chance at producing passive income three, six, twelve months down the road?
Having been heavily invested into DeFi the last six months, I’ve seen way too many copycat and straight up phony projects that “promise this”, “promise that”, “guaranteed ROI” — you name it, the list goes on. These projects aren’t worth mentioning but it’s been the same result of repeated pump-and-dump, bad tokenomic projects.
How they bait you in
Pre-sale hype of being an “early” investor? Check.
Applying for their Certik audit? Check.
Active Dev+Marketing team in Telegram, Discord? Check.
Professional looking website + whitepaper? Check.
(X) Amount of dollars already raised? Check.
YouTubers bought and paid for to “hype” the protocol? Check.
Check. Mate.
Most people don’t understand the tokenomics — nor do they care. Crypto in general has taught people to “ape in” to be an early investor — even if it means losing your ass. What’s even more messed up is people don’t care and will continue to chase the next “early” project. I’ve watched the same people in private telegram groups get baited in by the same projects over-and-over and wonder why they’re ALWAYS on the losing end.
Let me walk you through how the first week always goes.
Token launches, people who think “they’re early” buy the up-and-to-the-right chart because FOMO (fear of missing out). The actual early investors — bots, pre-sale people, whales — wait for this at every new token launch and proceed to tank the protocol after the first few days to a week. You’re caught holding the bag and no chance of getting your money back. Most of these “games” or “projects” have hidden inflation and it’s mathematically impossible to profit.
Hook, line, sinker. Every. Damn. Time.
You’re late to this party but it’s hard not to be all-in on Elephant money
Is there anything such as a sure thing? If so, let me tell you about this new miner DeFi project…
..Kidding.
What if I told you this developer is an MIT grad, fully doxxed, and is LITERALLY an OG of crypto? Not enough? No worries.
Former VP of Fidelity? Check. Years of DevOps consulting experience? Check. Participated in several startups? Check. Current founder and CEO of Mako labs? Yep — it’s the dev BankTeller, or “BT”. While having an impressive resume or years of experience may not be a complete selling point for some of you — making a protocol like Bankroll/Flow and having a certain developer improve a few elements and create the DRIP ecosystem is enough to garner anyone’s attention.
BT has designed a decentralized banking system that is built on three things — the native token “Elephant”, the stablecoin ‘Trunk”, and a way of earning yield on “Trunk” via staking and Stampeding (perpetual bonds).
Lets take a look at the three areas of Elephant money and then I’ll tell you why I’m going all-in.
Trunk
Here’s an excerpt from the whitepaper:
The Elephant.Money Network’s partially collateralized stable coin (BEP-20) on the Binance Smart Chain (BSC) that captures value by being backed by a reserve of assets that guarantees redemption for $1 USD equivalent (minus the 1% redemption fee) and can be staked to earn high yield. TRUNK’s reserves are backed 75% by Binance USD (BUSD) and 25% by ELEPHANT. In addition to being able to lock in your crypto gains, TRUNK allows players to compound their earnings by staking their TRUNK to earn passive rewards (with a base APR starting at 30%) from the 1% drip dividend pool. Reward credits are generated on minting and redemption at a rate of 11% and 4% on the mint/redemption volume respectively. These rewards are distributed to the TRUNK staking pool (8% mint/ 1% redeem), Elephant.Money V2 vault pools (2% mint/1% redeem), and the performance pool (1% mint/redeem). All pools release rewards at 1% of their daily balance. TRUNK also benefits holders of ELEPHANT as 25% of the BUSD used to mint TRUNK is used to buyback ELEPHANT, meaning that the underlying collateral backing TRUNK hardens overtime as the Elephant.Money ecosystem grows.
Elephant Token
Here’s an excerpt from the whitepaper:
The Elephant.Money Network’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 providing a lifetime of frictionless, passive rewards. HODLers of ELEPHANT will receive passive rewards from simply holding the token in their wallet, as every transaction (buy, sell, and transfer) has a 10% fee; 5% which is distributed evenly to all existing token holders, and 5% is added towards locked liquidity. In addition, ELEPHANT is also used as partial redemption collateral for the TRUNK stablecoin, which is minted by providing Binance USD (BUSD). There will be a starting supply of one quadrillion ELEPHANT tokens and distribution will be as the following: 49% sent to the graveyard (burn address with auto-balancing burn mechanism), 1% towards marketing/ development, 25% towards contract owned locked liquidity, and 25% towards community participants during liquidity drive event. One unique feature about ELEPHANT versus other reflect token platforms is that typically these platforms setup their burn address as another token holder which passively grows larger and larger overtime. While this may sound good in theory, the net effect is that the burn address ends up eating all the rewards from the rest of the token holders. In ELEPHANT however, the graveyard is a smart contract that rebalances its ownership of the supply to 50% everyday (if deemed necessary). This prevents holders from getting diluted overtime, receiving more rewards and incentivizing longterm strategies!
Stampede (bonding)
Here’s an excerpt from the whitepaper:
The Elephant.Money Network’s native bonding system that allows players to deposit their TRUNK and earn a 205% APR (672% APY) from a partially collateralized stable coin. By participating, players bond (burn) their TRUNK and it is split 50/50 between the ELEPHANT Treasury and the ELEPHANT/BUSD PancakeSwap liquidity pool. Bonding TRUNK ensures that the system as a whole is taking profit to payout yield for the longterm, regardless of market condition. Bonds are tied to your wallet and can be added to (or compounded) at anytime. You will earn a fixed 2.05X your total deposited amount at a rate of 0.56% per day (of your total amount deposited) over 365 days. Additionally, increased total value locked (TVL) in Stampede boosts the APR for native TRUNK staking. Stampede is a great addition to your crypto portfolio since it allows you to earn a fixed yield at a low risk in exchange for hardening the Elephant Treasury. Alternatively, since rewards are paid out as a stable coin, you are able to earn a steady yield regardless of market conditions. Stampede is also home to the Herd Partner Network, which is its first of its kind onboarding system that rewards both referrers and referrals equally upon participation (see section titled “The Herd (Partner Program Network)” for more information). Minting bonds is a great hedge that benefits the entire Elephant.Money ecosystem, including ELEPHANT and TRUNK holders alike!
Here’s why I’m going all-in if that was TL:DR for you — absence of price volatility.
I’m sure most of you are DRIP investors and are wondering why DRIP went from $200/share to $33/share in a few months. DRIP’s issues are far more complicated than just a “pump-and-dump” — as Piggy Bank launch was intercepted by bots and the overall system was pitted against itself by draining funds from DRIP →Animal Farm / Piggy Bank. But lets use DRIP as an example. The price fluctuation will always be what holds back the DRIP protocol from being long-term sustainable. At some point new investors will dry up, use cases will be limited, and Forex Shark will move on to bigger and better things.
When I lock my Trunk into “Stampede”, (exactly like the DRIP faucet, principal is locked away) I’m taking price fluctuation volatility out of the equation with my daily rewards. Trunk is pegged to the dollar and is backed by a combination of 75% BUSD and 25% Elephant token. Man that feels good especially with rising inflation and overall volatility of DeFi in general.
So how do I get into Trunk and Stampede?
Pretty simple — once you convert your BUSD/BNB to Trunk using PancakeSwap, Bogged Finance, or Elephant money — you have the choice of staking or Stampeding (bonding). You can stake your Trunk and earn a 64% APR awarded in trunk — you’ll be able to withdraw your Trunk deposits at any time.
Interested in a higher yield? Take advantage of Stampeding (like the DRIP faucet). Your principal gets locked away and you earn a 205% APR paid out .56% daily. Your rewards are also paid out in Trunk and don’t have to worry about price volatility. The only thing you have to keep track of is your “maximum” payout being twice the amount you’ve deposited — which is unlimited unlike DRIP.
Step-by-step guide
- Go to Elephant.money and connect your wallet via the Binance Smart Chain
- Go to Mint section and Mint desired amount of BUSD. You have to first enable BUSD. Alternatively, you can go to PancakeSwap and trade into Trunk using the Trunk token address:
0xdd325C38b12903B727D16961e61333f4871A70E0 - Scroll down to “The HERD: A Partner Network”
- Hit: Partner
- If you want to use me as a referral and get 0.5% airdropped on bonds and rolls (compounds), please copy and paste my wallet address (thank you if you do!):
0xcf95A7D2B19746b3782D36ef5D32433B8E3232a8 - Hit: Update
- Scroll up to Stampede Perpetual Bonds
- Hit: Bond
- Enter the desired amount of Trunk to bond and hit bond
A referral system unlike DRIP
I’ve shilled my DRIP referral in many places like most of you. This referral system is different.
You AND YOUR PARTNER will be rewarded. You both will receive a .5% airdrop on any Trunk bonds or rolls. No more DRIP maxis peddling their referral link and getting Ponzi rich.
If you’re interested in using me as a partner — you can use my referral code — 0xcf95A7D2B19746b3782D36ef5D32433B8E3232a8
As a thank you — message me on my Discord and receive a free Trunk bonus!
Here’s a look at the section on the Elephant money website — follow the step-by-step guide above!
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