Overview

ELEPHANT.MONEY is simply the first global decentralized community bank of its kind. It is a permission-less system for economic inclusion and helps its community accumulate wealth through active and passive cash flows.

ELEPHANT.MONEY implements a voluntary, sustainable, and permission-less global economic engine on top of a collection of blue chip assets, a core rewards token (ELEPHANT), and a stable coin (TRUNK). The ELEPHANT.MONEY protocol is a 100% complete and finished product and provides yield and price appreciation in any market cycle.

When the value of ELEPHANT is rising, it is due to an increase in user growth, that is growing ELEPHANT token buyers (the front office), as well as an increase in protocol participation in Unlimited NFT minting and Elephant Futures Vaults (the back office).

There are two main sources that create ELEPHANT buying volume

1. $ELEPHANT token holders

2. Unlimited NFT minters and Futures participants (via the Elephant Buyback System)

The front office and the back office explained

$ELEPHANT token holders are essentially the front office, they are holding $ELEPHANT as a store of value, seeking price stability and price appreciation.

Unlimited NFT minters and Futures participants can be seen as the back office, they do not directly interact with $ELEPHANT, they enter the ecosystem to earn stable passive income with minting & staking Unlimited NFTs or depositing BNB into Futures. Though they do not directly interact with $ELEPHANT token, their activities do drive more $ELEPHANT buying volume none the less.

Volume

Each type of ecosystem participant generates their own unique ELEPHANT buying volume/pressure

• The retail buyers that are buying ELEPHANT directly for price appreciation, bring daily buying volume.

• Futures participants lock BNB to earn daily yield in USD, bring daily buying volume as well, as 90% of the BNB is used to buy ELEPHANT for the Treasury.

• Unlimited NFT minters use BNB to mint Unlimited NFTs. These participants bring their own unique daily buying volume as well, as 100% of the BNB from minting buys ELEPHANT for the Treasury.

Long Term Growth

Protocol Owned Liquidity Management

Various actions in the Elephant Money ecosystem are used to execute market buys of ELEPHANT token which are then sent to the ELEPHANT Treasury (BERTHA).

The buyback system drives additional buy pressure for ELEPHANT token independent of market conditions or buyer behaviors.

Below you can find the chart displaying the actions and what percentage of the funds are dedicated to buybacks.

The Elephant.Money Network’s store of value token (BEP-20) on the Binance Smart Chain (BSC) that captures value by having the most fair distribution, an auto-rebalancing liquidity building mechanism, and by providing a lifetime of frictionless, passive rewards.

Token Supply

Protocol Owned Liquidity

ELEPHANT tokens has two primary locked liquidity pools located on PancakeSwap, ELEPHANT/WBNB and ELEPHANT/BUSD. Both liquidity pools are 100% protocol owned liquidity.

Buying & Selling, Transferring $ELEPHANT token

There is a 10% transaction fee on all $ELEPHANT token buys, sells or transfers

Passive Rewards For Holders

• Mission: Savanna Haus maintains the Elephant Money protocol and promotes the adoption of decentralized web technologies at large.

• Business Continuity: It ensures long-term support for Elephant Money on-chain and off-chain.

• Multi-Signature Wallet: Savanna Haus has a separate multi-signature wallet for custody, distinct from Elephant Money’s treasury.

The Wiki is best place to learn about the Elephant Money ecosystem and will always be the most up to date 'official' documentation available.

Learn By Topic/Category You can work your way through the Wiki in the order of your choosing by using the navigation menu on the left (desktop) or hamburger menu (mobile)

Using the AI Search Tool If you have a specific question you would like to find the answer to, you should use the AI search tool. You can find this by hitting the 'Search' button/icon (top right on desktop and mobile) and selecting the 'Lens' search option.

If you would like to learn more about the answer, view the sources that the AI has used to formulate its response by clicking 'Answer based sources'

$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

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

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

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

The Base Rate is one of the two rates that are combined to determine the individual Future's accounts daily rate.

One of the critical elements affecting the base pate and, consequently, participant earnings is the BNB Reserve. The BNB Reserve acts as a pool of BNB specifically designated to cover smaller claims from Futures participants. It plays a crucial role in stabilizing and optimizing the interest rates offered by Futures. The value of the BNB Reserve is subject to fluctuations based on various factors, including market conditions and user activity.

To ensure the sustainability of the platform and maintain healthy interest rates, several mechanisms are in place to manage the BNB Reserve effectively.

Firstly, any deposit made into Futures contributes to the growth of the BNB Reserve, with 10% of each deposit allocated to bolstering this pool. Additionally, the price of BNB itself impacts the value of the BNB Reserve, with increases in BNB price leading to corresponding growth in the reserve's value.

Furthermore, participants should be aware of the relationship between their available balance in Futures and the size of the BNB Reserve. Any withdrawal from Futures that exceeds 1% of the BNB Reserve's value is sourced from the Elephant treasury rather than the BNB Reserve itself. This mechanism aims to mitigate the depletion of the BNB Reserve, ensuring that it remains robust and capable of sustaining interest rates over time.

The Personal Rate in Futures stands as a pivotal factor deserving meticulous scrutiny, particularly owing to its intricate dynamics. It synergizes with the Base Rate to delineate the daily earnings for participants. While the Base Rate furnishes a fixed segment of the earnings formula, the Personal Rate introduces a variable aspect hinged on individual contributions and behaviors within the system.

Commencing at a modest 0.50% daily, the Personal Rate embarks on a daily decay trajectory spanning 45 days. This implies that with each passing day, the rate gradually diminishes, ultimately reverting to its foundational level of approximately 0%.

To return the Personal (daily) Rate back to 0.50% participants must make a new deposit into Futures, which returns starts the daily decay trajectory. This degradation mechanism is purposefully crafted to prompt early and consistent engagement with the platform, rewarding users who deposit funds and sustain their involvement over time.

Of paramount significance is the fact that the Personal Rate isn't exclusively contingent on passive holding. Active participation, encompassing liquidity provision, governance involvement, or other impactful contributions to the ecosystem, can favorably sway the rate. This setup incentivizes sustained engagement and nurtures a sense of communal ownership among participants.

Critically, the Personal Rate operates autonomously from external market conditions, providing stability and predictability to participants' earnings. Nonetheless, it remains susceptible to adjustments predicated on alterations in user behavior, protocol enhancements, and overarching system dynamics.

Given its fluid nature, participants are urged to monitor their Personal Rate vigilantly. By comprehending and harnessing the intricacies of the Personal Rate, participants can optimize their earning potential and actively foster the expansion and resilience of the Futures ecosystem.

TRUNK is a hyper deflationary token that rewards its holders with a share of the protocol profits in two ways:

Buybacks and burns:

3% APR based on the size of the Elephant Treasury is used to buy back TRUNK off the market and burn 50% of it. This reduces the total supply of TRUNK and increases its scarcity and value. By decreasing the circulating supply of TRUNK, the buybacks and burns create a positive feedback loop that drives up the demand and price of TRUNK. The remaining 50% of the bought back TRUNK is used to mint TRUMPET, which is also burned. This leads to the second way of rewarding TRUNK holders.

TRUMPET distribution

Deposits:

When a user deposits BNB into the Futures contract, 50% of the BNB is used to immediately buy ELEPHANT token off the market. These tokens are then sent to the Elephant Treasury.

Any fresh deposits made will be added to the users Total Value Locked. If the user has accrued rewards and makes a fresh deposit, rewards will also be added to the Total Value Locked. Deposit/Compounding Example: Total Value = 10,000 USD Available Rewards = 250 USD The user deposits 200 USD worth of BNB. New Total Value = 10,450 (10,000 current TVL) + 200(deposit) +250(rewards)

The user will now earn up to 0.5% per day on 10,450 USD

Claims: When a user claims their accumulated rewards, the BNB Reserve will be used to fund this if the claim amount is less than 1% of the BNB reserve value at the time of claiming.

If the claim amount is greater than 1% of the BNB Reserve value, the Elephant Treasury will sell Elephant Tokens to pay the claim*.

When the user claims accumulated rewards, those rewards are deducted from the users personal TVL. Claim Example: Total Value = 10,000 USD Available Rewards = 250 USD

User claims 250 USD worth of BNB. New Total Value Locked = 9,750 USD (10,000 current TVL) - 250 (rewards).

The user will now earn 0.5% per day on 9,750 USD. There are no taxes or fees of any kind.

The $SVNN token is the official governance token of Savanna Haus, an organization focused on promoting the adoption of decentralized web technologies, including the Elephant Money Protocol. Savanna Haus was founded to maintain and govern the Elephant Money ecosystem, which includes the $ELEPHANT token (store of value), the $TRUNK meme coin, Futures, and the ability to mint unlimited NFTs for perpetual rewards.

The Mission

Founded on the principles of accessibility, transparency, and community, Savana Haus is committed to empowering individuals worldwide to participate in the burgeoning digital economy. We offer decentralized and secure platforms for conducting transactions, investing, and engaging with like-minded enthusiasts, world wide.

Savanna Haus and SVNN Token

Savanna Haus is the governing body behind the Elephant Money Protocol, a decentralized community bank aimed at economic inclusion and wealth accumulation through active and passive cash flows. The SVNN token serves as the official governance token for Savanna Haus, allowing holders to participate in the decision-making process and shape the future direction of the Elephant Money ecosystem. Holders of the SVNN token can propose and vote on changes to the protocol, such as updates, new features, etc. This decentralized governance model ensures that the Elephant Money Protocol remains community-driven and aligns with the interests of its users.

Integration with Elephant Money

The SVNN token is deeply integrated with the Elephant Money ecosystem, which includes the ELEPHANT token (a superior store of value) and the TRUNK cross-chain meme coin. By holding SVNN, users can potentially earn value long-term through the growth and success of the Elephant Money Protocol.

System wide variable rate scaling has been implemented to ensure the long-term viability and sustainability of Futures and the wider Elephant Money Ecosystem.

This rate scaling mechanism monitors the relationship between the value of the BNB Reserve and the value of the Daily Liabilities.

If the value in the BNB Reserve is equal to or greater than the Daily Liabilities, the system pays the maximum base rate daily. If the value in the BNB Reserve drops below the value of the Daily Liabilities, the rate scaling mechanism kicks in to slow down the growth of the liabilities generated by Futures.

The Rate Scaling uses the following formula: Futures Base Rate (0.3%) x (BNB Reserve / Daily Liabilities)

The price to mint and Unlimited NFT depends on current supply and is scaled in batches of 10,000 NFTs.

etc etc

Adaptive rate limiters have been put in place to limit the effect of hyper-compounding and improve sustainability.

There are 5 tiers of Rate Limiters and your tier is determined by comparing the amount of rewards you have compounded vs your fresh deposits (valued in USD). You can calculate this with the following formula: Rate Limiter Bracket = (Total Compounded Rewards) - (Fresh Deposits)

The limiters are:

1. 50,000 to 249,999 Daily rate 0.45%

2. 250,000 to 499,999 Daily rate 0.425%

3. 500,000 to 749,999 Daily rate 0.375%

4. 750,000 to 999,999 Daily rate 0.325%

5. 1,000,000 plus Daily rate 0.25%

Example Total Compounded Rewards = 350,000 USD Deposits = 25,000 USD 350k-25k = 325k = Bracket 2, Daily Rate 0.425%

Elephant Money Futures ("Futures") is a high yield cashflow engine that yields up to 182% APR (0.5% daily) on cash. There are no taxes or fees of any kind and the contracts are 100% immutable and on-chain.

Elephant Money Futures is a low maintenance, highly flexible and innovative solution that provides a stable and sustainable return on investment backed by the unstoppable Elephant Treasury. Futures has been designed to encourage regular investing and users can implement many strategies to grow a nest egg, smooth out cashflow, or simply grow profits before entering ELEPHANT, Unlimited NFTs or Trumpet.

Understanding the intricacies of how Futures operates is crucial for participants to maximize their returns and contribute to the overall sustainability and growth of the platform.

How It Works

At its core, Futures offers participants the opportunity to earn interest rates based on two key factors: the Base Rate and the Personal Rate. The base rate is a fundamental component of the rate calculation and is subject to constant adjustments based on market dynamics. As of the latest update, the base rate stands at approximately 58% APR (Annual Percentage Rate), which translates to around 0.16% daily. This rate serves as the foundation for calculating the yield earned by participants.

The second factor, the personal rate, adds another layer to the interest calculation. It starts at 182% APR (0.5% daily) and is combined with the base rate to determine the total interest earned by each participant on a daily basis. By adding the personal rate to the base rate, participants can achieve a daily return on their Futures balance.

In summary, Futures operates as a dynamic financial instrument that offers participants the opportunity to earn attractive interest rates while contributing to the growth and stability of the Elephant Money ecosystem. By understanding the nuances of the base rate, personal rate, and the role of the BNB Reserve, participants can make informed decisions to optimize their earnings and support the long-term success of the platform.

The $TRUMPET token is 100% backed and will always have a backing. There are no algorithmic or inflationary mechanisms, as every token in circulation must be bought (minted). $TRUMPET tokens will always be redeemable for the price listed, minus the redemption fee.

Both Minting (i.e.Buying) and Redeeming (i.e. Selling) through the Mint and Redeem contracts will cause price appreciation.

There will be no capped supply.

• Supply is determined by mint and redemption volume.

• Minting increases supply.

• Redemption reduces supply.

  • Redeemed $TRUMPET tokens are burnt/destroyed and removed from circulation.

Staking your Unlimited NFT entitles you to receive your share of 1% APR of the Elephant Treasury. Example Calculation: Example figures using static $ value for ease of explanation: Elephant Treasury = $100m Number of NFTs Staked = 5,000

When a user mints an NFT using BNB, 100% of the BNB is used to purchase Elephant Token from the cheapest liquidity pair (ELE/BUSD or ELE/WBNB) at that time.

The purchased Elephant Tokens are then sent to the Elephant Treasury.

In order to be eligible for rewards, NFTs must be staked on the dApp. All staked NFTs share 1% APR of the Elephant Treasury. Rewards are calculated in real-time and it is up to the community to Sweep available rewards in order to distribute the rewards to all NFTs staked.

It is the process of MINTING and REDEEMING Trumpet that ensures the $TRUNK/$TRUMPET ratio only ever goes up. $Trumpet can only be minted through the dApp using the native $TRUNK stablecoin.

MINT:

Minting (buying) $TRUMPET can only be done through the dApp with $TRUNK already held by the user.

All mints charge a 5% mint fee.

REDEEM:

Redemption can be considered selling $TRUMPET in an OTC (Over the Counter) direct exchange between the user and the protocol with no price impact beyond the Redemption Fee. All redemptions charge a 5% redemption fee.

Fee Breakdown: Mint Fee - 5% (Collateralized backing of the token) Redeem Fee - 5% (Collateralized backing of the token) Transfer Fee - 0%

To access go to Elephant Money's Unlimited NFT's page (below), connect your wallet and click on "Marketplace".

Unlimited NFTs can be listed at a fixed price which is 10% less than the current mint price.

A 30% royalty is paid out to the Elephant Treasury when an exchange is made, the 30% royalty that is returned to the Elephant Treasury is used to support ecosystem's sustainable yields. This ensured that the NFT's always remain a net positive for the ecosystems participants, as buys and sells both benefit the Elephant Treasury which payor of last resort for all the yields across the Elephant Money ecosystem.

Benefits of Listing Elephant Money NFTs at Elephant Money's NFT Marketplace

By listing Elephant Money NFT's on the Elephant Money NFT Marketplace, participants gain access to the fastest and most liquid market for Elephant Money NFTs (the most trading volume). Additionally, NFT marketplace sales support the long term sustainability of the protocol as the in-house Marketplace royalties provide a dynamic and robust additional revenue stream to support the Elephant Treasury system, the payor of last resort for all the yield in the ecosystem.

The various products and services offered by the Elephant Money ecosystem work autonomously and harmoniously as a unified token locking machine, through this process the available “sellable” supply of ELEPHANT token is continuously being reduced.

Actions That Lock Away Supply

Funds from Unlimited NFT minting and Futures deposits are used to finance the Elephant Buyback System, the primary source of growth for the Elephant Treasury.

This concept is at the core of Elephant Money's architecture.

By design the Elephant Treasury maintains a growing hold on the ELEPHANT tokens supply, protecting the price by having several consistent sources of token inflows (primarily through buybacks) while having a disproportionately small amount of token outflows as it operates as the payer of last resort for the debt in the ecosystem.

The supply locking mechanics are in place to insure that the liquidity pool’s token supply dominance (vs The Elephant Treasury) drops continuously as time goes on, thus creating a sustainable long-term increase in stability and price for ELEPHANT token.

This provides an excellent store of value for holders and also allows the Elephant treasury system to use the price appreciation of the ELEPHANT tokens held to "take profit" and pay the yield owed to Elephant Money Futures participants and Unlimited NFT stakers.

Token Supply Breakdown

The Top 4 holders on are:

Elephant Money Token Supply API

The Elephant.Money token supply API can be accessed below:

The $TRUMPET token is designed to reward long-term holding by increasing a holder's claim of the backing asset ($TRUNK). Similar to traditional staking and yield farming, as transaction volumes build, so to do the rewards for all holders. The difference and overall benefit between Trumpet token rewards to the rewards of traditional staking is the ratio of $TRUNK/$TRUMPET can only ever increase. This is because $TRUMPET does not employ a traditional liquidity pool for determining value. The $TRUMPET token utilizes a built-in contract exchange system available exclusively on the Elephant.Money dApp, this removes the need for a traditional liquidity pool. Rather than a liquidity pool pair of the backing asset to the token using a traditional market maker method for exchange and price calculation, both assets are stored within the contract itself. The price of $TRUMPET is simply $TRUNK Backing Supply divided by $TRUMPET Circulating Supply. An easy way to understand how the price can go up both on sells and buys (redemptions and mints) we can simply think of the $TRUNK Backing Supply always having a net positive gain on each transaction. For a redeem (sell), more tokens are burnt than paid out for a net gain in $TRUNK Backing Supply. For a mint (buy), more $TRUNK is allocated to the $TRUNK Backing Supply than $TRUMPET tokens minted to circulation for a net gain as well. The net gain comes from the mint/redeem fees adding more to the $TRUNK Backing Supply compared to the amount minted/paid out.

There is a 10% transaction fee for all buys, sells and transfers of $ELEPHANT token done on PancakeSwap ("PCS").

10% of every transaction for $ELEPHANT token is distributed to existing to token holders and locked liquidity on PCS, split equally 5%. The graveyard is treated as just another holder.

Fee Breakdown:

What is the Graveyard

Once the RFI rewards earned have increased the graveyard's holding by 1%, now the graveyard holds 51% of the total supply. When this occurs a rebalance in executed, selling off 1% of the GY holdings and returning to the GY balance back to 50% of the supply.

The Graveyard Rebalance was implemented to make sure that the Graveyard does not grow too large from rewards and eat up more than 50% of the RFI rewards earned. This ensures a continuously fair rewards distribution for all holders.

BwB is a great way for participants to accumulate more ELEPHANT with lower fees while also helping accelerate the growth of the Elephant Treasury!

Stable growth design

Elephant Money was designed with price stability and growth in mind. This is achieved through the implementation of two passive systems to address liquidity depth (price stability) and price appreciation (growth) simultaneously.

The buyback system and front office (token buyers) drive price appreciation by removing ELEPHANT tokens from the LP.

The transaction fees on PCS and graveyard rebalances build liquidity depth by continuously adding more LP tokens to the ELEPHANT/WBNB liquidity pool.

Stability

In AMMs (like PCS) the token price is determined by the ratio of two assets in the LP and when a buy or sell occurs this creates a change in the ratios moving the price up or down.

AMM Liquidity Fundamentals

The AMM uses a formula called the Constant Product Formula to make sure the two assets in the LP always stay at a 50/50 value ratio. When the pool becomes out of balance the AMM rebalances the "price" back to a 50/50 ratio constantly.

By increasing the liquidity depth through the addition of more LP tokens this creates more depth in the liquidity pool, meaning it now takes more capital to move the price

To keep things simple I will not use the formula but I will show the results of how the AMM works in a simplified manner.

Example

For this example the price of TRUNK is at $1.00 and the liquidity pool is TRUNK/BUSD.

For this example the LP has $1000 USD value 500 TRUNK/ 500 BUSD LP

If someone buys 20 TRUNK, this swap would be routed through the BUSD side. Adding more BUSD to the pool and removing the equivalent value in TRUNK from the pool. BUSD in, TRUNK out The pools balance has now shifted.

480 TRUNK / 520 BUSD LP The AMM then rebalances the prices back to a 50/50 ratio. Now there are only 480 TRUNK in the LP but the value need to equal to the other side of the pair (520 BUSD). So the AMM adjusts the price of TRUNK to maintain the 50/50 value ratio. And what does this look like? 520/480 = $1.083 (+8.3%) $1.083 is the new price of 1 TRUNK and now the pool value is back to 50/50 value ratio.

Now let's look at this same transaction with Deeper Liquidity. For this example the LP has $10,000 USD value and TRUNK is at $1.00 5000 TRUNK / 5000 BUSD LP 20 TRUNK purchased with 20 BUSD This adds 20 BUSD to the LP and removes 20 TRUNK

After the purchase LP ratio is at:

5020 BUSD / 4980 TRUNK

The AMM will rebalance by adjusting the price of TRUNK to make sure both assets are at a 50/50 value ratio. 5020/4980 = 1.008 new TRUNK Price (+0.8%) So we can see from this example a $20 buy moved the price 8c with a $1000 USD value LP while that same $20 transaction with a $10,000 USD value LP failed to move the price 1c.

Furthermore, these principles work in reverse as well. So on the flip side removing BUSD from the LP and adding more TRUNK (selling) will have a declining effect on the price.

As you can see from the example above increasing liquidity depth helps to increase price stability, the benefit of this is it allows holders to move medium to large size positions in and out of ELEPHANT token without it causing a huge price impact to the upside or downside.

Growth

The Elephant Money ecosystem utilizes a strategic combination Elephant buybacks and purchases by holders to drive long-term price appreciation for ELEPHANT token.

This next section we will cover how this is achieved.

The Elephant treasury (AKA Bertha) is the ELEPHANT reserve of funds that is used to absorb the circulating supply of ELEPHANT and also provide funding towards payouts for Unlimited NFT stakers, Elephant Money Futures claims and marketing and operational costs.

Since the Elephant treasury acts as a large player, it will collect RFI rewards from incoming trading volume from ELEPHANT and always ensure a managed redemption of 1:1 regardless of peg.

The ELEPHANT Treasury constantly grows in both token count and overall dollar value operating as the payer of last resort for the ecosystem.

The ELEPHANT Treasuries primaries outflows are as listed:

• Trunk Support

• Futures Claims

• NFT Rewards

• Performance Fund (Marketing/Operational Fund)

• Bot Gas Station (Gas for the protocol's arbitrage bot)

• BNB Reserve

The ELEPHANT Treasury's outflows can be examined in-depth using the Elephant Money Governance Analytics Dashboard:

The Graveyard Rebalance

A graveyard rebalancing event will occur once the graveyard address has collected 51% of the total supply of ELEPHANT (510T tokens). This will typically occur every few months. Once it has reached this amount, any participant can trigger the “rebalance graveyard” function on the website UI by simply paying the required gas fees for the transaction.

Once triggered the graveyard address will sell off 5T ELEPHANT (0.5% of the total supply) for BNB in batches on PancakeSwap. The remaining 5T ELEPHANT will be used to pair with the acquired BNB to provide additional locked liquidity to the ELEPHANT/BNB LP pair. Not only does this provide an excellent buying opportunity for bystanders but it also ensures that liquidity is scaling appropriately with growth for the Elephant.Money ecosystem.

Due to its unique design and utility to the ecosystem, bull or bear market, Bertha will continue to grow.

Elephant Treasury (Bertha) Income Streams include:

• RFI Rewards from PCS Transactions and transfers

• Buy With Bertha Fees

• Futures Deposits

• Elephant Money Liquidity Pool Arbitrage

• Unlimited NFT Minting

• Royalties from NFT marketplace trades

Elephant Money's BTC Turbine is a groundbreaking feature that harnesses the power of Bitcoin, the world's most valuable digital asset. This long-term, single-sided liquidity pool serves as a treasury for accumulating and holding Bitcoin, capitalizing on its potential for price appreciation over time. The BTC Turbine is a 100% immutable store of value for the Elephant Money ecosystem. The BTC Turbine operates by allocating a portion of the deposits made to Elephant Money Futures towards purchasing and storing Bitcoin.

With a fixed 1% APR, the BTC Turbine is used to buy back and send $ELEPHANT tokens to the Elephant Treasury (BERTHA), further strengthening the ecosystem. This innovative approach not only diversifies Elephant Money's treasury holdings but also provides a sustainable source of yield generation. By continuously accumulating Bitcoin, the BTC Turbine positions Elephant Money at the forefront of the digital asset revolution, enabling it to benefit from the growth and adoption of the world's most prestigious cryptocurrency.

The TRUNK Turbine was built with sustainable funding in mind:

• 20% of deposits made to Elephant Money Futures are allocated to the TRUNK Turbine for purchasing and holding TRUNK. This consistent inflow of funds ensures the turbine's ability to accumulate TRUNK over the long term, helping diversify the ecosystems collateral and contributing to the ecosystem's sustainability.

Elephant Money Unlimited is the one and only official NFT collection for Elephant Money. You can stake one or more Unlimited NFTs to earn a share of 1% of the ELEPHANT Treasury, paid out as ELEPHANT Token. Unlimited NFTs are a great way to earn long term hassle free rewards that scale with the success of the Elephant Money community. The Unlimited collection starts mints at 1 BNB per NFT and that price doubles every 10K mints. You can stake one or more Unlimited NFTs to earn a share of 1% of the ELEPHANT Treasury, paid out as ELEPHANT. Minting a rare BLACK NFT entitles you to free access to Elephant Money real world events.

Unlimited NFTs are a great way to earn long term hassle free rewards that scale with the success of the Elephant Money community.

The TRUNK Turbine plays a crucial role in Elephant Money's ecosystem by accumulating and holding TRUNK as a long-term store of value. Its key responsibilities include:

1. Asset Diversification: The TRUNK Turbine diversifies Elephant Money's treasury holdings by incorporating TRUNK (deflationary cross-chain memecoin) into its asset portfolio. This reduces the protocol's reliance on a single asset and mitigates risks associated with market volatility.

2. Value Appreciation: By continuously accumulating and holding TRUNK, the TRUNK Turbine aims to benefit from TRUNK's potential price appreciation over time. This could lead to significant growth in the value of Elephant Money's treasury, providing a sustainable source of wealth generation for the ecosystem.

3. Elephant Treasury Support: A fixed 1% APR on the TRUNK Turbine is used to buy back ELEPHANT tokens and send them to the ELEPHANT Treasury (the payor of last resort for all debt in the Elephant Money ecosystem).

4. Risk Mitigation: The TRUNK Turbine, along with the BTC Turbine, was introduced as part of the "twin turbine" system in Futures v10. This strategic move aims to enhance the ecosystem's resilience by diversifying its asset base and reducing reliance on a single source of yield generation.

In essence, the TRUNK Turbine serves as a critical component of Elephant Money's treasury management strategy, enabling asset diversification, value appreciation, yield generation and risk mitigation.

The BNB Reserve has 3 sources of funding:

1. 10% of all Futures deposits (BNB) are sent to the BNB Reserve

2. The BNB Reserve receives income from the Elephant Treasury (between 1 & 5% APR). The income from the Elephant Treasury goes into the Futures Sweep Pool where it is added to the BNB Reserve via the sweep function. Any community member can call the sweep function once the available is more than $100.

3. A 10% Top Off strategy from large Futures claims handled by the Elephant Treasury. If a Futures claim value is greater than 1% of the BNB Reserve value, The Elephant Treasury will sell off 10% more than is required to pay out the Futures claim. The 10% Surplus is sent to the BNB Reserve as part of the Top Off strategy.

The TRUNK/WBNB LP is the primary liquidity pool for $TRUNK token. It offers participants an always open method to trade in and out of $TRUNK token seamlessly.

A critical part of the Elephant Money Futures system, when participants enter 10% of the funds are sent to the BNB Reserve. The BNB Reserve's sole responsibility is to pay Futures claims.

The ELEPHANT/WBNB LP is the primary liquidity pool for $ELEPHANT. It offers participants an always open method to trade in and out of $ELEPHANT token seamlessly.

ELEPHANT/WBNB liquidity is built passively, and continuously deepens over time through these two mechanisms:

1. 50% of the transaction fee on buys, sells & transfers on PCS goes to build locked liquidity on PCS.

2. When the graveyard rebalances, 1% of the balance is sold to create an ELEPHANT/WBNB LP pair which is sent to locked liquidity on PCS.

These two mechanisms ensure that liquidity is scaling appropriately with growth for the Elephant.Money ecosystem.

The BNB Reserve's primary responsibly is to provide a frictionless BNB claiming experience for Elephant Money Futures participants.

The BTC Turbine was built with sustainable funding in mind:

• 10% of deposits made to Elephant Money Futures are allocated to the BTC Turbine for purchasing and holding Bitcoin. This consistent inflow of funds ensures the turbine's ability to accumulate BTC over the long term, contributing to the ecosystem's sustainability.

The BTC Turbine plays a crucial role in Elephant Money's ecosystem by accumulating and holding Bitcoin (BTC) as a long-term store of value. Its key responsibilities include:

1. Asset Diversification: The BTC Turbine diversifies Elephant Money's treasury holdings by incorporating Bitcoin, the world's most valuable cryptocurrency, into its asset portfolio. This reduces the protocol's reliance on a single asset and mitigates risks associated with market volatility.

2. Value Appreciation: By continuously accumulating and holding Bitcoin, the BTC Turbine aims to benefit from BTC's potential price appreciation over time. This could lead to significant growth in the value of Elephant Money's treasury, providing a sustainable source of wealth generation for the ecosystem.

3. Elephant Treasury Support: A fixed 1% APR on the BTC Turbine is used to buy back ELEPHANT tokens and send them to the ELEPHANT Treasury (the payor of last resort for all debt in the Elephant Money ecosystem).

4. Risk Mitigation: The BTC Turbine, along with the TRUNK Turbine, was introduced as part of the "twin turbine" system in Futures v10. This strategic move aims to enhance the ecosystem's resilience by diversifying its asset base and reducing reliance on a single source of yield generation.

In essence, the BTC Turbine serves as a critical component of Elephant Money's treasury management strategy, enabling asset diversification, value appreciation, yield generation and risk mitigation. By accumulating and holding Bitcoin, it positions the ecosystem to benefit from the growth and adoption of the world's most prestigious cryptocurrency.

What is Trumpet?

$TRUMPET token is a perpetually increasing asset providing a long term store of value within the Elephant Money ecosystem. It is backed 100% by the native $TRUNK stablecoin. Mint and Redeem taxes ensure the TRUNK/TRUMPET ratio can only ever increase. It is 100% immutable with no administrative functions and has zero reliance on third party liquidity. Trumpet provides an additional use case for the Trunk token and is designed to lock up more of the circulating Trunk supply.

The TRUNK Turbine is a key new feature being introduced in the Elephant Money Futures v10 update. Here are the main details about the TRUNK Turbine:

• 100% immutable.

• It is a single-sided liquidity pool designed to accumulate and hold TRUNK tokens over the long-term.

• 20% of all deposits made into the Futures v10 contract will be used to purchase TRUNK tokens and add them to the TRUNK Turbine.

• The TRUNK Turbine aims to create constant buy pressure for the TRUNK token, driving up its value over time through sustained accumulation.

• It operates on a fixed 1% APR model, using the yields to buyback ELEPHANT tokens and send them to the ELEPHANT Treasury.

• This 1% APR buyback mechanism allows the TRUNK Turbine to grow the ELEPHANT Treasury's value as the market cap of TRUNK increases.

• The TRUNK Turbine is part of the new "twin turbine" system along with the BTC Turbine, introduced to enhance asset diversification and risk management for the Elephant Money ecosystem.

So in essence, the TRUNK Turbine enables Elephant Money to continuously accumulate TRUNK while using its yields to support the ELEPHANT token, positioning the protocol to benefit from TRUNK's projected price appreciation over time.

This next section will cover the ELEPHANT token dashboard view and what each section represents.

Stake % represents the holders percentage (stake) of the total supply of ELEPHANT tokens, this lets holders know what percentage of the overall RFI rewards income they are eligible for.

Coming Soon...

Liquidity (Elephant Stats Page) shows the total amount of liquidity for ELEPHANT token which included both the ELEPHANT/WBNB LP and the ELEPHANT/BNB LP.

The TRUNK/BUSD LP is the secondary liquidity pool for $TRUNK token. It offers participants an always open method to trade in and out of $TRUNK token seamlessly.

The ELEPHANT/BUSD LP is the second largest liquidity pool for $ELEPHANT token. It offers participants an always open method to trade in and out of $ELEPHANT token seamlessly.

In this section we will discuss the Elephant Unlimited NFTs dashboard and what each section means.

Balance represents the current number of ELEPHANT tokens held in the connected web3 wallet.

Elephant Money has tight supply controls limiting the effectiveness of whale holders selling and negatively impacting price.

Holder Distribution Breakdown

4 protocol owned smart contracts control 80% of the supply, with the largest non-contract holder owning less 1% of the total supply.

Currency comparison

Bitcoin (Created, 2011) - The First Decentralized Currency - Max Supply: 21 Million

ELEPHANT (Created, 2021) - The First Decentralized Community Bank - Max Supply: 1000 Trillion

Supply Adjusted (SA) Price Formula

If Bitcoin & ELEPHANT had the same circulating supply of 21M units. What would the ELEPHANT token's supply adjusted (“SA”) price be?

Example

$0.11/M ELEPHANT price = $5.56 S.A. price

From a market cap perspective buying ELEPHANT at these prices is equivalent to buying BTC at $5.56 back in 2012.

This next section will cover how to buy, sell and transfer $ELEPHANT token on PancakeSwap and the Elephant Money official website.

Graveyard (Elephant Stats Page) shows the total amount of tokens held by the Graveyard contract.

Liquidity Drive

The initial token distribution took place as a 1-week liquidity drive event, from 05/04/2021 - 05/11/2021. During this period, participants were are able to add BNB as liquidity to get ELEPHANT at the lowest possible cost; as their contribution was not subject to any slippage or exchange fees, which was factored into future orders on the official exchange listing.

The price for each ELEPHANT token was not set in advance. It 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 (split proportionately by their contribution amount).

25% was used to provide liquidity on PancakeSwap for the official listing.

49% of a quadrillion tokens was sent to the graveyard address.

1% was allocated towards marketing and development purposes.

Supply

Shows the total number of NFTs minted.

Mint Value Deposited

Shows the total amount of BNB deposited via NFT mints. Also shows the BUSD value, tracked based on the current value of BNB at the time of mint.

APR

Shows the current APR% based on the $ value in the Elephant Treasury, the number of NFTs staked and the price of BNB at the time of minting.

Buttons

Contract Takes you to the NFT contract on bscscan.

Security Takes you to the MythX audit.

Browse Takes you to the Elephant Unlimited NFTs page on nftscan.

Updates Takes you to the official Medium article that documents all key info and changes.

Dashboard Takes you to the official dune analytics dashboard for Unlimtied NFTs.

Shows the current listing price for marketplace sales.

Available

Shows the total number of Unlimited NFTs available on the marketplace

NFTs Sold

Shows the total amount of Unlimited NFTs sold on the marketplace.

Total Market Revenue

Shows the amount of BNB transacted via the marketplace.

Transactions

Shows the total transactions

Buttons

Contract Takes you to the NFT contract on bscscan.

Security Takes you to the MythX audit.

Participants (Overview Tab) shows the number of wallets participating in Futures.

Claimed shows you the amount of USD value you have claimed from the Futures contract.

TVL (Overview Tab) shows the Total Value Locked (USD) in the whole Futures contract and is the sum of all participants Total Value.

Total Deposits (Overview Tab) shows the total amount of fresh BUSD deposited into Futures by all participants.

The Elephant Treasury pays an APR of 1% towards the BNB Reserve. The current value of funds waiting to go into the BNB Reserve can be seen in the Available Sweep metric. Any community member can hit the Sweep button and sign the transaction to move the funds into the BNB Reserve.

Staked

Shows the total number of Unlimited NFTs staked

Total Rewards

Shows the total amount of Elephant Distributed to NFT stakers to date and includes the BUSD value.

Available Sweep

Shows the amount of rewards waiting to be distributed to stakers. This button needs to be pressed at least once every 24 hours by a community member to distribute the rewards.

Transactions

Shows the total transactions

Buttons

Sweep The sweep button needs to be pressed at least once every 24 hours by a community member to distribute the rewards.

Contract Takes you to the NFT staking contract on bscscan.

Security Takes you to the MythX audit.

Total Value shows your personal Total Value Locked in the Futures contract. This is the value that your rewards are calculated based on.

The maximum Total Value for any individual account is $1m USD.

This next section will cover the Elephant Money Futures dashboard view and what each section represents.

Trumpet represents the current number of Trumpet tokens held in the connected web3 wallet. The TRUNK figure shown below the Trumpet figure shows you the amount of Trunk you would receive after redeeming. (This figure accounts for the 5% redeem fee).

Trunk Balance (Trumpet) shows the current amount of Trunk held in the connected web3 wallet.

Total Claimed (Overview Tab) shows the total amount of BUSD Claimed from Futures by all participants. This includes claims that are reinvested via compounding.

Available shows you your available USD rewards and updates in real time. Available rewards can either be claimed straight to your wallet as BNB or you can compound them into your Total Value by making a fresh deposit (minimum $200).

To Claim - Hit the 'Your Future' Button on the Futures dashboard and then hit 'Claim' you will then need to sign the transaction on your wallet. Claiming will always claim the full amount showing in your 'available'. Partial claims are not possible. To Deposit - Hit the 'Your Future' Button on the Futures dashboard and then hit 'Deposit' and enter your desired deposit amount of BNB (minimum $200 worth*), you will then need to sign the transaction on your wallet. This action will add the 'Available' rewards and fresh deposit amount to your Total Value.

BNB Reserve (Yield Tab) shows the amount held in the BNB Reserve. The BNB Reserve receives 10% of all Futures deposits, a 1% APR from the Elephant Treasury and Top Offs* from claims settled by the Elephant Treasury. The BNB Reserve is solely responsible for paying out yield.

The Daily Yield figure displays the current Daily rate Futures pays out. The base rate is 0.5%. If the BNB Reserve value falls below the Daily Liabilities Value, dynamic rate scaling kicks in.

You can read more about the dynamic rate scaling here:

Particpants shows the number of unique web3 wallets currently holding Trumpet tokens.

Daily Liabilities (Yield Tab) shows the total amount of rewards Futures is paying out on a daily basis.

The 'GET TRUMPET' button is used for Mint, Redeem & Revoke functions. Mint - use your Trunk balance to mint Trumpet

Redeem - Redeem Trunk using your Trumpet holdings

Revoke - Revoke access to the Trumpet contract

This next section will cover the TRUNK token dashboard view and what each section represents.

The total number of Trumpet currently in circulation. This amount will increase as more Trumpet is minted, decreasing as Trumpet is redeemed and burned.

Price shows the current value of Trumpet when compared to Trunk. The price of Trumpet is always quoted as a ratio between Trunk & Trumpet

By design, the Trumpet price will only ever go up.

The total amount of Trunk that has been used to mint Trumpet. This amount will increase as more Trumpet is minted, decreasing as Trumpet is redeemed for Trunk.

Mint Price

The mint price displays the cost, in BNB to mint one Elephant Unlimited NFT.

Available

If you have staked at least one Unlimited NFT you will earn your share of 1% APR of the Elephant Treasury. These rewards are distributed whenever someone in the community hits the Sweep button (Staking section) and pays the gas fee. Available is shown as number of Elephant Tokens and current BUSD value.

Staked

Indicates the number & value of Unlimited NFT's you have staked.

Wallet

Indicates the number & value of Unlimited NFT's you have in your wallet that have not been staked.

Buttons

Mint To mint your Unlimited NFTs.

Claim To claim your available Elephant Token rewards into your wallet.

Marketplace Clicking the button shows an overview of your current and prior listings and access to further market place features: Buttons: Wallet - Shows you Unlimited NFTs in your wallet Listings - Shows you any Unlimited NFTs you currently have listed on the marketplace Market - Shows current Unlimited NFTs available on the marketplace.

Your Collection Clicking the Your Collection button will show you an overview of all your NFTs in your wallet and that you have staked. You can also see your available rewards and the total rewards you have received to date. Buttons: Wallet - Allows you to browse and stake any NFTs in your wallet. Staked - Allows you to browse and unstake any NFTS currently staked. Claim - To claim your available Elephant Token rewards into your wallet.