Elephant Money Newsletter (9/28/2023): What is the Intrinsic Value of Futures?
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Quick Info:
Market Cap: $548 million
Elephant Treasury Growth > $13,000,000 @ $94,777,000
BTC Supply Adjusted Price: $25.91
3rd Top Holder of wBNB
5th Top Holder of BUSD
5.3x more assets than futures liabilities!
Elephant Treasury & BTC Supply Adjusted Price:
Elephant Money Treasury:
9/21: $80,999,000
9/28: $94,777,000 (Up $13,778,000) !!!
BTC Adjusted Price:
9/21: $22.29
9/28: $25.91 (Up 3.62) !!!
Elephant Money Stats
Elephant Treasury: (1400 9/21/2023 PST)
9/21: 173.06 T
9/28: 174.19 T (Up 1.13 T)
Both LP Total:
9/21: 89.37
9/28: 83.36 (Down 6.01 T)
Note: Above stats are real time on chain numbers provided bscscan.com. Dune analytics updates every few hours.
Blockchain Explorer: Bscscan.com
On Chain Transparency
Note: Here is the BSC blockchain explorer for Elephant Money- https://bscscan.com/token/0xe283d0e3b8c102badf5e8166b73e02d96d92f688#balances
Liquidity Pools:
Elephant wBNB LP:
Top 3rd Holder of wBNB on BSC.
9/21: wBNB LP: 107,092
9/28: wBNB LP: 114,275 (Up 7,183 wBNB) !!!
Elephant BUSD LP:
Top 5th Holder of BUSD on BSC
9/21: BUSD LP: 19,453,600
9/28: BUSD LP: 20,983,205 (Up $1,529,605) !!!
30 day In vs Out:
Total In:
9/21: $2,700,000
9/28: $3,000,000 (Up $300,000)
Total Out:
9/21: $661,400
9/28: $825,400 (Up $164,000)
Futures: Assets Vs Liabilities
Futures TVL (Liabilities): $17,879,918 (Up $605,523)
Elephant Treasury (Assets): $94,777,000 ($13,778,000) !!!
Note: 5.3x more assets than futures liabilities! (0.7x increase)
Elephant Money Charts:
24 hours (9/28/2023 1308 PST ): +2.95%
7 Day: + 15.73%
YTD: + 513.65%
Elephant Money Unlimited Marketplace is LIVE!
You can buy discounted Elephant Money Unlimited NFTs @ 1.8 BNB each!
Available Discounted NFTs: 0
NFTs sold in Marketplace: 343
NFT Supply Minted:
9/21: 10,661
9/28: 11,038 (377 NFTs minted)
Total BUSD Deposits: $2,608,000.00
Current APR: 36.66% (Up 3.21%) paid in Elephant Token
Total Rewards Paid Out to Stakers: $194,349.00 in Elephant Token
All updates on Elephant Money Unlimited NFTs will be provided by Bankteller via the Medium Link Below.
https://medium.com/elephant-money/elephant-money-unlimited-is-live-cf67fbf8f708
Bonus Chart:
New Futures Stat — Intrinsic Value 🔥
Thanks to @Mikedre for the concept and @dedalus76 for charting and implementing on the dashboard.
Intrinsic Value (pink line):
(90% of BUSD deposits converted to Elephant minus Elephants sold by Treasury for withdrawals) * Elephant price of the day + BUSD buffer pool of the day
But what does this actually mean?
This excludes other revenue like NFTs and Buy with Bertha and looks solely at the inflow of capital directly from Futures deposits while taking into account the Futures withdrawals as well plus the value in the buffer pool.
In Summary:
A very powerful metric and one to keep a track of, showing that Futures in conjunction with the Treasury mechanics is indeed self sustaining and can pay for itself. A solvent yield generating cash flow machine.
Compliments to Crypto Stu
Twitter Spaces:
Please tune in Every Wednesday for the Elephant Money Spaces:
9/27/2023 Twitter Space Link:
https://x.com/ElephantStatus/status/1707047283747873118?s=20
NFT GIVEAWAY EVERY WEDNESDAY to a random audience member!
RAID a Week Content:
YOUTUBE HERD:
Medium Herd:
Nothing in this article is intended to constitute investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. Readers are encouraged to perform their own due diligence and research, or consult a licensed financial advisor or broker before making any and all investment decisions. This content is intended for general informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The author may own cryptocurrencies and tokensdiscussed in the article. The article may contain affiliate links.
