What is elephant money stable (trunk)?

ELEPHANT.MONEY STABLE is a future-proof way to compound profits made across your portfolio. Lock in your gains. Use the Reserve to mint Elephant Money Stable (TRUNK). TRUNK is over-collateralized by BUSD with deep liquidity. ELEPHANT is used to generate yield for TRUNK and support the peg. Both collateral assets are securely stored in treasuries.

How does elephant money work?

Be aware that when redeeming TRUNK on the Elephant Money website, you will receive 75% of your value in BUSD and 25% of your value in ELEPHANT token. This is because TRUNK is backed 25% by ELEPHANT token.

What does the elephant trunk up mean?

The elephant trunk up meaning is distributing energy, luck, prosperity, and goodness. Elephants usually move their trunks up to greet friends and express joy. In essence, some people believe that the elephant trunk up symbolizes love and is full of luck.

What is elephant token?

ELEPHANT (chart on DexScreener here) is a reflection token with a 10% tax on all transactions. It has a 10% tax on all transactions, and uses half (a total of 5%) of that tax to reward ELEPHANT token holders with more ELEPHANT. You can purchase ELEPHANT token either from PancakeSwap or from the Elephant money website itself with BNB.