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About Elephant Money

Elephant Money (ELEPHANT) is a digital asset that operates on the Binance Smart Chain. It seeks to provide a unique approach to wealth accumulation through both active and passive compensation methods. ELEPHANT is designed to serve as a store of value, with a transaction fee of 10% applied to all transfers of the token. This fee is divided equally between payments to existing holders and locked liquidity. The ELEPHANT token is part of a larger ecosystem that includes a treasury and a stablecoin called TRUNK. The treasury is used to generate yield for the managed redemption of the TRUNK stablecoin. ELEPHANT holders may receive compensation simply by holding the token in their wallet, as every transaction (buy, sell, and transfer) incurs a 10% fee, half of which is distributed evenly to all existing token holders, and the other half is added towards locked liquidity.

Elephant Money operates on a mechanism that involves a transaction fee on all transfers of the ELEPHANT token. This fee is split evenly between payments to existing holders and locked liquidity. The ELEPHANT token is part of a larger ecosystem that includes a treasury and a stablecoin called TRUNK. The treasury, also known as Bertha, acts as a reserve of funds used to absorb the circulating supply of ELEPHANT and provide funding for the redemption pool. The treasury collects compensation from incoming trading volume and ensures a managed redemption of 1:1 regardless of peg. This means that holders can always redeem TRUNK for $1 USD worth of assets, as long as they are willing to wait in the redemption queue for the system to receive the funds to process their order.

Elephant Money seeks to provide a unique approach to wealth accumulation through both active and passive compensation methods. It can be used as a store of value on the Binance Smart Chain, with a transaction fee applied to all transfers of the token that is divided equally between payments to existing holders and locked liquidity. The ELEPHANT token is part of a larger ecosystem that includes a treasury and a stablecoin called TRUNK. The treasury is used to generate yield for the managed redemption of the TRUNK stablecoin.

Elephant Money has a starting supply of one quadrillion ELEPHANT tokens. The initial token distribution took place as a 1-week liquidity drive event, from 05/04/2021 - 05/11/2021. During this period, participants could add BNB as liquidity to receive ELEPHANT tokens. The distribution of each ELEPHANT token was determined by the amount of tokens available and the total BNB amount raised after the liquidity event had ended. Once the raising period concluded, 25% of a quadrillion tokens was distributed to those who provided liquidity during the drive, 49% of a quadrillion tokens was removed from circulation and sent to the graveyard address, 1% was allocated towards marketing and development purposes, and the remaining 25% was used to provide locked liquidity for the official distribution.

Market

Market stats

Market cap

-

Volume (24h)

$34,894.81

Circulating supply

-

All time high

$0.00000059

Market performance

Price change (1h)

0%

Price change (1d)

-0.6%

Price change (1w)

-4.61%

Price change (2w)

-5.48%

Price change (1m)

-12.79%

Price change (1y)

+16.25%

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Elephant Money is on the decline this week.

The price of Elephant Money has decreased by 0.00% in the last hour and decreased by 0.60% in the past 24 hours. Elephant Money’s price has also fallen by 4.61% in the past week. The current price is $0.00000018 per ELEPHANT with a 24-hour trading volume of $34.89K. Currently, Elephant Money is valued at 69.02% below its all time high of $0.00000059. This all-time high was the highest price paid for Elephant Money since its launch.

The current circulating supply of Elephant Money is 0 ELEPHANT which means that Elephant Money has as total market cap of 0.

FAQ

What is the current price of Elephant Money?

We update our Elephant Money to USD currency in real-time. Get the live price of Elephant Money on Coinbase.

What is the market cap of Elephant Money?

The current market cap of Elephant Money is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Elephant Money?

The all-time high of Elephant Money is $0.00000059. This all-time high is highest price paid for Elephant Money since it was launched.

What is the 24 hour trading volume of Elephant Money?

Over the last 24 hours, the trading volume of Elephant Money is $34.89K.

What other assets are similar to Elephant Money?

Assets that have a similar market cap to Elephant Money include Troll, Millix, Libra Protocol, and many others. To see a full list, see our comparable market cap assets.

How many Elephant Money are there?

The current circulating supply of Elephant Money is 0.

Can I buy Elephant Money on Coinbase?

Yes, Elephant Money is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Elephant Money guide.