BANKTELLER AMA SUMMARY [03.29.2022] FOUNDER OF ELEPHANT.MONEY

AMA lasted about 1hr 20mins, and I thought it would be helpful to share some highlights summary. Please let me know if I have missed something important. Thank you.

1. Bankteller, aka BT, founder of Elephant.Money, a MIT graduated with Computer Science AI Graphics, has been coding since he was 10 years old, has experiences with over 30 different projects across all crypto network.
2. Elephant.Money is aiming for one solution, “Cash Flow For All,” He is making improvements as the contract interacts with the community.
3. Currently, Elephant token is showing never-seen-before growth on the chart, because the price and volume of Elephant token is being driven by utility, the community utilizing with Stampede.
4. Elephant.Money is a $3.5 billion company.
5. Elephant Token is the core treasury asset & collateral of the whole ecosystem, which stores value with BNB & BUSD.
6. Elephant.Money Protocol prioritizes building liquidity over price, due to being a community bank, focuses more on building value with personal holdings as well as the whole network.
7. Bankteller recommends people with larger bags to invest more into Elephant Token, maximum amount of network value with the least amount of work. However, if you have an average sized bag, depending on your goal, stay within Stampede Bond to achieve financial freedom.
8. TRUNKS are valued as $0.99 rather than $1.00, again due to being a community bank as whole, we are charging 1% fee. 1% is a very big number, anything more than that, could lead the platform to bleed to dry with some other protocols giving away 5% or more referral reward only feeding people at the top.
9. TRUNK has 2 options, first option is to stake it for currently 69% APR, which is 100+% APY when rolled for a year, doubling your investment, with an ability to withdraw initial deposit at any time. Second option is Stampede Bond, with initial deposit burned, which then activates life time guarantee of 0.56% daily return, from 205% upto 672% APY when rolled for a year.
10. Stampede Bonds are tied with your wallet and as long as you secure your private key, you own the right to earn lifetime interest of 0.56% daily, as long as maturity is not 2 times the bond amount.
11. Each investor’s outcome is based on your own action by design. No automation of re-compounding.
12. Unlike other projects, the risk-free capital is sitting in liquidity pool, making it impossible to be hacked.
13. For over 25 years, Bankteller has worked with 2 largest financial institutions in the world, such as Fintech, which trained him to be working independent. No other devs on the team. This allows maximum security in terms of who has access to the money.
14. Security reviews & audits have been done with Certic and Solidity Finance with Skynet 24 hour monitoring system.
15. Stampede is built on collections of contracts, with some immutable codings, securing the total assets to be locked with BNB & BUSD for better or worse. It basically means the funds are on BSC network and safely locked.
16. Elephant Token has 10% buy tax and 10% sell tax. 20% in & out
17. Elephant liquidity pool has “graveyard” wallet, which is a smart contract itself, which performs “re-balancing” whenever it hits 51%, it automatically gives up 1%, forcing it to go 50%, which hardens Elephant price action rather than raising the price uncontrollably which gives less reflection to the holders of Elephant Tokens, which could result in less passive income for everyone.
18. What makes Elephant token perform like a hyper deflationary token is when the demand for stable coin yield drives the funds to flow in thru TRUNK and Stampede Bond, which then gets the majority of deposited funds into the liquidity pool, which far exceed the amount of yields that needs to be paid to all TRUNK and Bond investors, enabling sustainable payouts guaranteed.
19. Continuous demand for stable coin yield products, especially for TRUNK and STAMPEDE Bond due to having the HIGHEST YIELD rate in the crypto market, will always far exceed the amount of rewards needed to pay for TRUNK & Stampede investors, creating buying pressure for Elephant token.
20. Bankteller has direct relationship with other big founders of top 100 projects which can promote Elephant much more, but decided not to use that connection until needed, so that much experiments are tested to achieve long term sustainability at this early stage with smaller early investors.
21. BUSD is FDIC insured, which makes all investors of TRUNK and Stampede Bond also FDIC insured since it is pegged with 75% BUSD and 25% Elephant token.
22. Collateralization Ratio under “STATS” on the website only needs to be at 1% to be guaranteeing all yield rewards, but currently it’s at 24%, that’s 24 times more than what’s needed to run properly.
23. When TRUNK is redeemed, Elephant Liquidity Pool under “STATS” which is owned by the protocol itself, only gets used when Pancakeswap LP is not above $0.99, which means it tries best to keep as much asset as possible to maintain its stability.
24. Bankteller, also believes the “Herd” system is the most important aspect of the growth of this project, which rewards exactly those who benefits the whole protocol. 0.5% rewards on every deposit and roll, that’s like $100 on average per partner per month.
25. When you invest into Elephant.Money, you are part of the bank. Bankteller plans to shape up the future of this project by consulting with large institutions like Fidelity to further strengthen the future of Elphant.Money.
26. Is it too late to get in and make huge profit? Price Supply Adjusted value can be compared to the early price of Bitcoin when it was $5, to see how early stage this protocol is. Would you buy a bitcoin for $12? [By the way, currently it went up to $20 within few hours after this AMA]
27. Graveyard is about to do 5th re-balancing, at a faster speed than previous re-balances, which will be dropped into the LP, making reflections of Elephant tokens to increase.
28. Lastly, many larger institutions are getting ready to invest into defi as Elephant.Money is currently in the sweet spot and getting closer as this protocol is getting more known and noticeable for future institutional whale investors.
29. Bankteller estimates for the protocol to really explode within 90–180 days.

Thank you so much!! Please let me know if I missed something important from AMA.

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