Crypto community bank, long established, unique opportunity

[AmateurFlix]

Hello,
I've found an opportunity that may be of interest to some of you sitting on crypto assets.

This is a well established project led by an MIT grad with 25 years of experience in FinTech, formerly of Fidelity; most defi projects running today make use of his code in some way or another. In a space filled with copycats, this is primarily who they're copying from.

The project is https://elephant.money/ and it is essentially an online community bank of sorts which pays high and sustainable yields via a number of different instruments. Much more than a simple coin, this is a system of multiple treasuries, dozens of contracts, and two coins.

Tokenomics:
ELEPHANT coin is a reflect coin of limited supply with a 10% buy/sell tax, a portion of which goes to holders, the remainder to a treasury.

TRUNK coin is an overcollateralized yield coin with no buy or sell taxes which can max out at $1 in value. When under peg on the open market, it can still be redeemed for 1 BUSD via the redemption mechanism (more on this later). Keep in mind it can also be sold on PCS at any time for current market value if you should require instant liquidation.

There is a ton of info available describing the system in great detail, but the basic idea behind this is that taxed revenues generated by ELEPHANT sales flow into one treasury, while minting and bonding TRUNK generate revenues which flow into another treasury, which in turn is used to buy ELEPHANT, driving the price of ELEPHANT ever higher which incentivizes further investment in ELEPHANT from traders, thus multiplying the value stored.

Two other key aspects of the system are the Graveyard, which sort of replaces a burn address with a contract that deepens and hardens liquidity over time, as well as Bertha, an ELEPHANT treasury which is designed to grow over time in the manner of a friendly whale who will never dump her bags on the system and will eventually induce a supply shock in the ELEPHANT token, causing the price to go parabolic very rapidly once the ELEPHANT token reaches a certain level of scarcity.

Now here's the best part, for you: this parabolic rise has already happened once. This is not an untested theory, it works just as intended. You can look up the charts and see for yourself.

Unfortunately, the project was attacked and a treasury was stolen from; it has since been secured and thoroughly audited, and has continued paying yield throughout the recovery phase. It is worth noting that no customer tokens were stolen during the exploit; the worst effect of this was some panic selling which knocked the TRUNK coin off peg and has increased the wait time in the redemption queue. A floor price seems to have been pretty well established, and with the ELEPHANT treasury gaining steam quickly, the supply shock seems likely to occur again within the coming months.

Last time the price of ELEPHANT started to go parabolic when the treasury was in the 150 trillion range, and it just passed 100 trillion a couple days ago, with some very recent improvements to the system that will rapidly accelerate the treasury growth.

If you get in before the supply shock, you are poised to see a potentially exponential growth in ELEPHANT token, and a nearly 4X gain in TRUNK token.

It gets better.

The yields on TRUNK token are variable and are tied to it's current value. As I type this, TRUNK is selling for around $0.26, farms are paying ~32% APR, staking ~28%, and bonds ~53% APR. If TRUNK were to return to peg, those APR's increase to 125%, ~70-90%, and 205% respectively. Bonds pay out daily and can be rolled, turning that 205% APR into ~672% APY.

Keep in mind these yields have been paid out sustainably throughout the entire recovery phase.

Ways to earn yield

1. Trustless, lossless farming on stablecoins and blue chip crypto
   This will probably be the most attractive prospect for most of you. In essence, you single stake equal values of two tokens, so you get farming with no impermanent loss.
   I.E. If you put in $10K BUSD and $10K TRUNK, currently 10K BUSD and ~38K TRUNK, when you withdraw you get back that same 10K BUSD and 38K TRUNK regardless of their fluctuation in value. This contrasts with traditional yield farming which returns more of what has dropped in value and less of what has risen. This is an innovation which to my knowledge does not exist anywhere else.
   Better yet, the yields are paid on 2X the TRUNK value. So in the example given above, you would be paid a peg adjusted APR based upon 2X the 38K TRUNK, or 76K TRUNK. Should TRUNK return to peg, the APR would rise to 125%, and you would then be earning yield of up to 125% on a valuation of $76,000 for an initial investment of $20k. Should you choose to withdraw, you would get back the original amounts, then worth up to $48k if at peg, having collected yield throughout the interim.
   
   Trustless (only your keys can access funds, no custodial access), lossless farming is available currently for BUSD, BTCB (bitcoin), ETH, WBNB, CAKE, USDT, XRP, USDC, DAI, DOGE, ADA, MATIC
   
   Farming can be accessed at https://elephant.money/farm.html
   IMPORTANT: the best way to purchase TRUNK for farming is via the slippage free OTC desk at the FARMER's DEPOT tab, which will issue your TRUNK at 3.33% daily for 30 days. This is the best way to directly support the treasury and if you're buying larger amounts of TRUNK the savings in slippage can be very significant, up to around 30%.
   Purchasing TRUNK direct from PCS will work too, but instead of supporting the treasury, it just provides exit liquidity for swing traders which delays a return to peg.
   
2. Bonding
   This pays the highest yields in exchange for locking up your TRUNK until 205% is returned. At peg, it pays that 205% over the course of one year, or at about 0.56% per day. While under peg the APR is adjusted so that you still get the full 205% back, but more slowly.
   It is worth noting that such a degree of confidence exists among holders than nearly 9000 investors have chosen to BOND their TRUNK, with the majority choosing to roll rather than claim.
   You can think of this as equivalent to sort of a CD in the "community bank"
   
   The best way to enter bonding is by using the Stampede Perpetual Bonds > "PEANUTS" tab on https://elephant.money/trunk.html
   
3. Staking
   This would be more equivalent to an interest bearing savings or checking account. Funds are liquid and can be withdrawn at any time tax free.
   Use the Stake > Deposit tab at https://elephant.money/trunk.html
   
4. HODLing ELEPHANT for reflections
   This is where the greatest profit potential might exist. You simply HODL ELEPHANT in your wallet and collect reflections.
   The best way to purchase ELEPHANT is with the Buy with Bertha "BUY" tab at https://elephant.money/dashboard.html which helps better support the treasury than purchasing through PCS.

This is one of the very few projects in defi based upon sound economic theory, and it is paying high yields on farms where 50% of the assets are stablecoins, and the other 50% has never dropped to zero even during the worst crypto bear market in history, and despite an exploit. Defi is by nature risky, but as far as the risky plays go... this would seem to be one of the most solid out there, with a tremendous upside.

As you have probably figured out by now, this is designed to be sort of a one stop catch basin for all of your blue chip and stable coin crypto investing needs. As the farms grow, demand for TRUNK will grow, which should push TRUNK back to peg, increase the APR's, and cause a rise in ELEPHANT, which will only become more scarce as Bertha stores ever more of it away thanks to the 10% buy and sell taxes.

For those of you with deeper pockets, if you feel like being a market maker a low to mid 7 figure investment in the short to medium term could potentially return you around 3X cash plus double digit yields while you wait.

I'm not including any refcodes here but there is a partner system, PM me if you want to receive 0.5% airdrops on your deposits.

If you'd like immediate answers to your questions please join the Telegram channel at https://t.me/elephant_money or Discord https://discord.gg/elephant-money

More resources:
https://docs.google.com/presentation...403194201_0_26



Full disclosure: I am invested in this project myself, I am not a licensed financial adviser, this is not financial advice, do your own research and understand that the entirety of your investment is exposed to risk.
This is most fun when treated as entertainment

If you have any questions feel free to post them here, but you're really better off just asking on Telegram, there's always someone around to help.

[AMDWarrior]

Nope nope nope..

[Mr. Porn]

Nice project...

[Emil]

Why would you launch your service with a gTLD or whatever those are called? It sounds like you put that service together under 24 hours. Nothing serious that I would trust with my money IMO.

[AmateurFlix]

Originally Posted by Emil

Why would you launch your service with a gTLD or whatever those are called? It sounds like you put that service together under 24 hours. Nothing serious that I would trust with my money IMO.

It is customary for crypto sites to use something like .money, .finance etc, .com's are not the rule in this sector.

This project is the 6th largest holder of BNB on the binance blockchain, behind only stablecoin LP's, bitcoin, eth, and cake. Millions in liquidity. It was not put together "under 24 hours" rather it's been an ongoing project developed over years and actually began on a different blockchain under a different name (bankroll.network flow on tron, discontinued project but still paying)

BTW this isn't my project.

Also, that supply shock I referenced above which is expected to kick in when around 150T is in the treasury; it was about 100T when I made the post, it's now sitting at 101.9T and climbing every day.

[NewsPressed]

As usual an elongated ¨Word Salad¨ to promoter and sell a chance of a lifetime crypto opportunity - to lose all your money

[Jesus H Christ 2.0]

......aaaa that's going to have to be a firm no.

[AmateurFlix]

Originally Posted by NewsPressed

As usual an elongated ¨Word Salad¨ to promoter and sell a chance of a lifetime crypto opportunity - to lose all your money

Some of us have the capability of both writing and comprehending complete sentences

[AmateurFlix]

A new feature has been added allowing deposits in BUSD which pays 0.5% daily, Rewards are also in BUSD so there is no risk of a deflationary native token as is typical in other ROI dapps.

There is a $200 minimum deposit, and when rewards accrue you have a choice of either collecting rewards or compounding them by making an additional deposit. This isn't a typical ROI dapp where early investors make bank and everyone else gets screwed, it is designed more in the style of a high yield bond and you need to compound at least once in order to generate a net profit.

https://elephant.money/futures.html

This feature is funded by the innovations supporting the ELEPHANT token, which I mentioned in the first post in this thread. Chart is attached below, the price has appreciated by ~17% since the earlier post.

[jscott]

I would never touch "projects" like these. They are basically ponzi schemes. Usually the owners/foundsers/CEO's do what they can to pump the coin and get theirs traded into Bitcoin or something with legit value, and basically rug pull.

Prediction: This "project" won't be alive within 2 years.

AmateurFlix, not trying to rain on your thread here, but are you being paid for this thread?

[AmateurFlix]

Originally Posted by jscott

I would never touch "projects" like these. They are basically ponzi schemes. Usually the owners/foundsers/CEO's do what they can to pump the coin and get theirs traded into Bitcoin or something with legit value, and basically rug pull.

Prediction: This "project" won't be alive within 2 years.

AmateurFlix, not trying to rain on your thread here, but are you being paid for this thread?

No, I'm not being paid in any way, didn't even post a ref code.

You're right in that most defi projects are ponzi in nature; this one is not. The tokenomics are as sound as anything I've found in defi. Basically it takes taxes from buys & sells on Elephant coin to pay for rewards on the staking/bonding/farming & Futures contracts, while in turn using a portion of the deposits from those same contracts to pump up the price of Elephant, causing more traders to FOMO in.

A sort of economic feedback loop if you will; short term traders are paying for the gains of long term holders.

The contracts have been audited by solidity, certik, and peckshield, the dev is fully doxxed, and the project is at least a few years old already, it started on tron and moved to bsc. Nothing is 100% but if the dev was going to rugpull he'd probably have done it long ago and before getting it audited by the most trusted names in the biz.

[jscott]

There is no problem Elephant or Trunk solves. And it's centralized by company and supply/distribution. And with 1 quadrillion listed supply I don't seen any point of it existing, aside from generation profits to the creaters.

This is a cash grab. Not hating on them for trying, I'm just stating a fact. It has a market so price will rise and fall, so sure people can make money on it like anything else. But in the long term this company won't make it past a few years. Their website won't even be operable within 5yrs.

I would suggest to anyone interested, approach this as a gamble, like in a casino.

[AmateurFlix]

jscott, all respect man but you are very clearly out of your depth. These arguments sound like something typical of an uninformed bitcoin maxi.

"There is no problem Elephant or Trunk solves": nearly 10,000 investors in Stampede bonds & Futures would disagree with you. People seek predictable, high yield investments, especially when paid with a fully collateralized stable coin like BUSD. This is effectively a global, decentralized community bank built on blockchain.

"And it's centralized by company and supply/distribution": No. The contracts exist on the Binance Smart Chain, the dev could quit right now and pull the website but the contracts would exist for as long as the blockchain does, and investors can directly interact with the smart contracts if needed. The argument could be made that binance itself is centralized, however they've established themselves on servers in over 20 nations last I checked and have been meeting regulatory compliance standards in every one of them. So they don't have the problems that other blockchains have where a majority of the validation activity ends up in just a few countries and as a consequence is under greater legal threat.

"And with 1 quadrillion listed supply I don't seen any point of it existing, aside from generation profits to the creaters": I'm not sure what point you're trying to make here. Whether the supply is 1 and everyone is trading fractions of a token or 1 quadrillion and people are typically trading millions, it's still a limited supply and a simple matter of scaling the math. How you interpret that as some type of indication of profit motive, is also beyond my understanding. No single wallet holds more than 1% of the supply, except for the treasuries which hold a majority of the circulating supply and are designed to not dump on the LP's.

"This is a cash grab. Not hating on them for trying, I'm just stating a fact.": No, that is not a fact, it is an opinion ignorant of fact. You have no facts to support that claim.

"It has a market so price will rise and fall, so sure people can make money on it like anything else.": Something we can agree on.

"But in the long term this company won't make it past a few years. Their website won't even be operable within 5yrs.": Well a typical defi project tends to last somewhere in the range of weeks to months and this investor community has been around for years already, with most investors looking at it as a 3+ year investment horizon from now, so for defi that's about as long term as you're likely to find at the moment.

"I would suggest to anyone interested, approach this as a gamble, like in a casino.": This I would also agree with you on, in regards to any crypto investments. I wouldn't put anything I'm not prepared to lose in any type of crypto.

[manilaagent]

Originally Posted by jscott

There is no problem Elephant or Trunk solves. And it's centralized by company and supply/distribution. And with 1 quadrillion listed supply I don't seen any point of it existing, aside from generation profits to the creaters.

This is a cash grab. Not hating on them for trying, I'm just stating a fact. It has a market so price will rise and fall, so sure people can make money on it like anything else. But in the long term this company won't make it past a few years. Their website won't even be operable within 5yrs.

I would suggest to anyone interested, approach this as a gamble, like in a casino.

great advice .

[TheVoy]

Originally Posted by AmateurFlix

It is customary for crypto sites to use something like .money, .finance etc, .com's are not the rule in this sector.

This project is the 6th largest holder of BNB on the binance blockchain, behind only stablecoin LP's, bitcoin, eth, and cake. Millions in liquidity. It was not put together "under 24 hours" rather it's been an ongoing project developed over years and actually began on a different blockchain under a different name (bankroll.network flow on tron, discontinued project but still paying)

BTW this isn't my project.

Also, that supply shock I referenced above which is expected to kick in when around 150T is in the treasury; it was about 100T when I made the post, it's now sitting at 101.9T and climbing every day.

So what happens if the platform doesn't find any new investors and existing investors do not deposit more money? I want to know what happens during this exact event.

[AmateurFlix]

Originally Posted by TheVoy

So what happens if the platform doesn't find any new investors and existing investors do not deposit more money? I want to know what happens during this exact event.

Hi, sorry for the long delay, been away for a while.

In the situation you described it would react in the same way that any other traded commodity would behave without new buyers.

One of the big differences between something like Futures and a traditional bank is that since only 0.5% of the balance can be claimed daily, bank runs like we've seen in the news lately simply are not possible. This doesn't mean it's zero risk, it is crypto, there is always the chance of a hack.

Some numbers to chew on:
Since the original post the price of ELEPHANT token has risen from ~$0.0984/million to ~$0.1231/million, an approx. 25% increase

The ELEPHANT treasury, which helps support the tokenomics of the project, has risen from ~100T to 122 trillion, with a current market value of $15.1 million USD. As this treasury grows it pulls ELEPHANT tokens out of the LP's which could induce a very pronounced supply shock, causing the price chart to go parabolic with continued demand and an ever lessening supply.

I posted about the Futures feature on Jan 30, 56 days ago. A deposit made at that time would have accrued 28% to date.

[helmuc]

earn 0.5% daily on BUSD? omg...

[helmuc]

I would argue that dishonest exchanges are one of the largest threats there is out there :/

.. we recently were scammed by a new Dutch exchange, then German StakeCube announced that they have been using client funds and are insolvent, and another Indian exchange was robbed from inside...

.. then ftx :/ ...

a bank without a single reference to a legal entity? what a joke :/

[AmateurFlix]

Originally Posted by helmuc

I would argue that dishonest exchanges are one of the largest threats there is out there :/

.. we recently were scammed by a new Dutch exchange, then German StakeCube announced that they have been using client funds and are insolvent, and another Indian exchange was robbed from inside...

.. then ftx :/ ...

a bank without a single reference to a legal entity? what a joke :/

this is all on blockchain, that is the benefit of decentralized finance. there is no individual or organization with whom you are placing your trust, it does not require the goodwill of a legal entity or a government for the code to function as programmed.

I wouldn't keep anything significant in a centralized exchange either, that defeats the purpose of crypto. "not your keys, not your crypto"

over 100k BUSD deposits today so far: https://dune.com/dedalus/elephant-money-futures

[TheVoy]

Originally Posted by AmateurFlix

Hi, sorry for the long delay, been away for a while.

In the situation you described it would react in the same way that any other traded commodity would behave without new buyers.

Please explain

[AmateurFlix]

Originally Posted by TheVoy

Please explain

I'm not sure what part of that you want explained. Price for anything is determined by buyers and sellers; this isn't a magic money printer.

If there is no economic activity then price would be stagnant. If there are no buyers but people are making claims/sells then price would drop. Bearing in mind this project has ~$14M BNB and ~$10M BUSD in the liquidity pools. The top holder only has ~0.82% of ELEPHANT so if the biggest holder were to sell that would remove ~$950k from the LP's and cause a slight price drop. The next biggest holder has ~1/2 as many tokens and the holding rank drops rapidly after that. The biggest holders by far are treasuries and LPs which can be viewed https://bscscan.com/token/0xe283d0e3...688#balance s

The basic premise of this is that so long as people keep feeding BUSD into Futures for 0.5% rewards, that will feed the treasury which buys up ELEPHANT token and causes price appreciation of the ELEPHANT token. Since ELEPHANT is rising over the long term, that inevitably generates FOMO and more investment in the ELEPHANT token directly, ensuring the Futures program remains solvent.

Obviously if everyone stops feeding it funds, it's not going to work after it runs out of money. However by playing the desire for investors to FOMO into a rising asset against the desire for 0.5% daily rewards on a stablecoin, it plays long term investors off of medium term investors and takes taxes from the short term investors to pay for it all.

LMK if you have any other questions.

[AmateurFlix]

Originally Posted by AmateurFlix

Some numbers to chew on:
Since the original post the price of ELEPHANT token has risen from ~$0.0984/million to ~$0.1231/million, an approx. 25% increase

The ELEPHANT treasury, which helps support the tokenomics of the project, has risen from ~100T to 122 trillion, with a current market value of $15.1 million USD. As this treasury grows it pulls ELEPHANT tokens out of the LP's which could induce a very pronounced supply shock, causing the price chart to go parabolic with continued demand and an ever lessening supply.

I posted about the Futures feature on Jan 30, 56 days ago. A deposit made at that time would have accrued 28% to date.

Some updated numbers:
ELEPHANT is currently at ~$0.1459/million, an approx. 48% increase.

ELEPHANT treasury has grown to 136 trillion, valued at 19.6 million USD

A Futures deposit on Jan 30 would have accrued 54% to date, without any compounding. Weekly compounding could have raised that to over 67%. Over 1200 participants have joined Futures to date, depositing over $5 million in total.

[twinklover]

I thought the entire point of crypto currencies was to get away from banks LOL!

[jscott]

Originally Posted by twinklover

I thought the entire point of crypto currencies was to get away from banks LOL!

With Bitcoin, yes!

But "crypto" is basically an extension of traditional banking, with centralization, changeable monetary policy, ponzi's, etc.

[AmateurFlix]

Originally Posted by twinklover

I thought the entire point of crypto currencies was to get away from banks LOL!

This is decentralized finance, aka DeFi.

There is no central authority or organization, the contracts are enforced by programmed code. It is an evolution of crypto that permits more productive financial products and helps avoid centralized exchanges. The "bank" in this case is simply a collective of immutable contracts that will be on the blockchain for as long as the blockchain exists.


Some updated numbers:
ELEPHANT is currently at ~$0.1660/million, an approx. 73% increase since my initial post.

ELEPHANT treasury has grown to 142 trillion, valued at 23.6 million USD.

A Futures deposit on Jan 30 would have accrued 70.5% to date, without any compounding. Weekly compounding could have raised that to nearly 2x. Over 1400 participants have joined Futures to date, depositing over $6 million in total.

[AmateurFlix]

Some updated numbers:
ELEPHANT is currently at ~$0.1925/million, an approx. 100% (!) increase since my initial post.

ELEPHANT treasury has grown to 148 trillion, valued at 28.3 million USD. The treasury has now bought back more tokens than exist in both of the liquidity pools combined, indicating that if the demand remains steady the price curve could soon head into a parabolic trajectory.

A Futures deposit on Jan 30 would have accrued 77% to date, without any compounding. Weekly compounding could have raised that to over 2x. Over 1500 participants have joined Futures to date, depositing over $7.5 million in total.

Some alpha: NFT's will be made available very soon. The initial batch will sell for 1 BNB, with the price doubling for every batch thereafter. All proceeds will go into the treasury, taking more ELEPHANT tokens out of circulation and pumping the price.

www.elephant.money

[sandman!]

Wish I would have invested!

[AmateurFlix]

Originally Posted by sandman!

Wish I would have invested!

Just my opinion, there's still plenty of room for growth

There's a few different ways to get started.

Simplest is to just buy ELEPHANT tokens and hold them. There's a 10% buy/sell tax so it needs to rise ~25% to break even; this is good because it encourages people to hold long term, discourages market manipulation via fake volume, and typically by the time people have reached a break even, they see the potential and end up buying more. If you buy on the site using the "Buy with Bertha" feature you get a slight reduction in the tax.

There's also the "Elephant Money Futures" program where you simply deposit BUSD (a stablecoin pegged to $1) and collect 0.5% daily. This is sort of like a bond, you can't withdraw the principal deposit, only the interest. It's a $200 minimum deposit and you need to compound with an additional deposit at least once to profit. The nice thing about this is that it produces stable, predictable returns paid in a stable coin.

The latest addition are the "Elephant Money Unlimited" NFT's which pay out 1% of the treasury annually, split among all staked NFT holders. Currently they cost 1 BNB each and at the present rates they're paying around 57% APR. Bear in mind that as the value of the treasury rises, that APR could become significantly higher. Also, these are being sold in rounds of 10k with the price doubling every round; the first 10k priced at 1 BNB each, round 2 will sell for 2 BNB, round 3 for 4 BNB, round 4 at 8 BNB etc. These were just released the other day and about 1/3 of round 1 have already been minted. BNB is currently around $250 so it's not too steep of an entry price. After round 3 or 4 is out, the dev said he'll build a marketplace to sell NFT's. So potentially you could buy an NFT now for 1 BNB, sell it for closer to 8 BNB, and collect the earnings in the interim. Beats the hell out of buying crypto mining equipment and paying for electricity to run them.

If you have any questions I can try to answer them, there's a telegram group at https://t.me/elephant_money and there is plenty of documentation on the site. If you click on the documentation link there's even an AI bot set up in the search function that can answer most questions.

[todservices]

i put some of my crypto in bitcoin, litecoin, bnb and that's pretty much all I need

[todservices]

well that was fast :

DNS_PROBE_FINISHED_NXDOMAIN

[AmateurFlix]

Originally Posted by todservices

i put some of my crypto in bitcoin, litecoin, bnb and that's pretty much all I need

ELEPHANT's biggest LP loves BNB too Currently the #3 holder of wrapped BNB: https://bscscan.com/token/0xbb4CdB9C...95c#balance s

It's been gobbling up quite a bit of it lately.

[AmateurFlix]

Winning feels good



Liquidity pools DON'T LIE!



Source: https://dune.com/dedalus/Elephant-Mo...ity?undefined=

This is the power of a blockchain community bank!

By offering a variety of financial products catering to different risk tolerances and investment horizons, then compressing all of that value into the ELEPHANT token, this community bank is able to generate more stability than any one individual crypto coin on its own would be capable of.

The vast majority of crypto is a "dumb" digital commodity which relies solely on hype to push the price up. There is no community and no cooperation among the buyers, other than hucksters and charlatans telling you to buy and hold long term while they use you as their exit liquidity. Then inevitably, the dam breaks, sells start pouring in outpacing buys, and there is a "run on the bank" so to speak, causing a major crash.

With Elephant.Money that would be very very difficult to accomplish. The value from FUTURES holders is locked in and pays out at 0.5% per day, no more. It would literally take EVERYONE waiting 200 days to cash out while simultaneously having no incoming contributions or compounds to deplete the value from that one resource alone.

Then there are the NFT's, which are contributing major value to the treasury and the liquidity. Those pay out merely 1% of the treasury annually - meaning they're basically a permanent source of revenue for the system, while still offering juicy rewards for the holders; 1% of a (currently) $38.7M treasury is not an insignificant sum.

Furthermore, the biggest holders of ELEPHANT by far are system contracts which currently hold ~65% of the circulating supply and are programmed to never dump on you, like a big friendly whale that just wants to buy as much as possible. Don't take my word for it: https://app.powerbi.com/view?r=eyJrI...JhYTE2YWUzZCJ9

All of this behind the scenes complexity is designed to function as a smooth running store of value, using the timelines of different investors to strengthen and support one another seamlessly, rather than pit them against one another in an exercise of greater fool theory as most crypto projects do.

More useful tools to educate yourself:
https://linktr.ee/elephant_bootcamp
https://medium.com/@asignoretrade/ho...i-29cdfca14f86

Or jump into the telegram group and ask questions: https://t.me/elephant_money

I've got no bone in this other than my own holdings; there are no referrer codes and I'm not a paid spokesperson. Backed by over $30 million in BNB & stable coin liquidity, it is doubtful that any one individual buy would move the needle enough to significantly affect my account. However, the power of a financial collective is strong, and I'm sharing this with you, my colleagues, as a way of paying back the help I've received over the years. It is not without risk, but the rewards could be significant.

This is still very early; jump on the telegram group to get an idea of the investment horizon for most in the community. Many have held from day one and never sold, many are planning on holding for years to come, using this as generational wealth while utilizing FUTURES for their cashflow needs.

As always any questions, feel free to ask here or post in telegram for a quicker response

[jscott]

Was anyone dumb enough to put funds into this scam?

A.Flix, how much were you able to make from this scam?