# TRUNK token (Elephant Money Stable)

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$TRUNK token is the Elephant.Money Network’s **cross-chain memecoin & revenue share token** (BEP-20) on the BNB Chain that is backed by BNB and offers participants liquid staking yields and farming opportunities.

### Current Supported Networks

* BNB Chain (Binance Smart Chain)
* Solana
* TBD

### Token Supply

$TRUNK has a **fixed supply** that is slowly decreasing from each [buyback and burn of TRUNK](https://wiki.elephant.money/ecosystem-tokens/trunk-token-elephant-money-stable/deflationary-mechanics), all of the tokens have been minted and are in circulation and no more will be minted.

### Buying & Selling, Transferring $TRUNK token

TRUNK has no transaction fee on buys/sells/transfers, which makes it a convenient and efficient medium of exchange. TRUNK holders can also lock in their crypto gains and compound their earnings by staking their TRUNK via Trumpet or adding liquidity to TRUNK/BNB on PancakeSwap V3.

### Buybacks & TRUMPET Burns

TRUNK is a **hyper deflationary token**, as 3% APR based on the size of the Elephant Treasury is used to buy back TRUNK off the market and burn 50% of it. The remaining 50% is used to mint TRUMPET, which is also burned, allowing the minted TRUNK to be distributed pro rata to all TRUMPET holders. This way, TRUNK holders receive a share of the protocol profits in the form of buybacks that reduce the overall supply helping support the price, as well through receiving additional TRUNK tokens through TRUMPET contract.

### Use Cases

TRUNK is different from ELEPHANT in that it welcomes 3rd party market makers, while ELEPHANT operates with 99% Protocol Owned Liquidity. This gives TRUNK its own unique use-case and purpose, as it allows users to do things with TRUNK that they can’t do with ELEPHANT, such as staking and yield farming.

### TRUNK Yield Opportunities

<table><thead><tr><th width="170.69403076171875">Action</th><th width="246.83758544921875">Product</th><th>Liquid</th></tr></thead><tbody><tr><td>Mint $TRUMPET with  $TRUNK</td><td>$TRUMPET</td><td>Yes, Redeem TRUMPET at anytime </td></tr><tr><td>Provide Liquidity for $TRUNK on PCS V3</td><td>$TRUNK - $BNB V3 LP</td><td>Yes, Redeem your LP for the underlying $TRUNK and $BNB at anytime.</td></tr><tr><td>Provide Liquidity for $TRUNK on Solana Dexes</td><td>$TRUNK - $USDC LP</td><td>Yes, Redeem your LP for the underlying $TRUNK and $USDC at anytime.</td></tr></tbody></table>

### How To Provide Liquidity for the $TRUNK - $BNB LP Pair on PCS V3

### [Step-By-Step Guide HERE ](https://docs.pancakeswap.finance/products/yield-farming/how-to-use-farms)

### How To Provide Liquidity for the $TRUNK - $USDC LP Pair on Solana

### [Step-By-Step Guide HERE](https://youtu.be/9Z1BrUA-1Ko?si=yFcCJB59FGEm4zgy)&#x20;