lephant Money, a thriving community of investors, has seen tremendous growth over the years. With more users than most similar communities, the strong foundation of Elephant and Trunk holders provides a solid base to build upon towards the future.
But how can the community continue to grow and attract more members? The answer is to be found in Elephant Money Futures and the Elephant Treasury.
In a recent audio message in the official Telegram Community, BankTeller (BT) the lead dev of the ecosystem explained once more the importance of the Futures product, the Elephant Treasury and working together as a community towards the same goal.
This article covers the message he shared in a readable format.
What Is Elephant Money Futures?
In short: Elephant Money Futures is a high-yield cashflow engine which generates a daily earning of 0.5% on cash when depositing $200 or more. After deposit it immediately starts earning the yield which is backed by the Elephant Treasury.
With this investment, you can choose from a variety of strategies to build up a savings fund, stabilize your cashflow, or increase your profits.
We have covered this particular product more extensively in a previous article.
Why Invest in Futures?
The potential benefits of investing in Futures should not be underestimated. BT believes that participating in Futures is the way for the community to move the needle in the right direction towards success. This has to do with the tokonomics around Trunk and the Stampede contracts.
Both these contracts are designed and implemented in such a way that all actions one can or would take will positively impact the overall protocol. In fact the proof is already there.
Before the launch members of the community had predicted that Futures would have a positive impact on project treasuries, the token price and the community members investments itself.
Since the launch of the product the prediction became reality as is shown by the charts and when looking at the Elephant Treasury growth.
Elephant Money Is A Business
In order to attract institutional attention the platform should reach the top 50 projects in the space. The way to get there is for the community to spread the word and keep on pushing to reach All Time Highs, which are not that far away.
Elephant Money is a business, not a charity, and most contracts require active participation. Therefore, community members need to keep a close eye on their investments and inform new members on what to do based on the numbers and the community strategy.
Aside from being connected to stay up to date on all latest updates, it is important to realize that investors have to take action on their own accounts. Community members have to claim and compound on their own its not done for them in any kind of way.
Investing in Futures is the Play
Finally, BT emphasizes that everyone who holds Elephant should have at least some exposure in Futures as well, as it is the best cash flow contract in DeFi. If it’s not primarily for their personal investment, it is still very important for the numbers of the platform.
Investing in Futures helps power Bertha in the best possible way, and ultimately, lead to the community’s success. That should be everyones highest priority!
Community Participation Is Key
In summary, BT urges every Elephant holder to invest in Futures. The key to success in the Elephant Money community is community participation and working together to move the needle.
By investing in Futures, the project can reach new heights and attract more members. The opportunity is there — it’s up to the community to take it.
Wrapping Up
As you’ve read in this article the vision of the leaders of the project and community is pretty clear. Although based on this message alone you might still be a bit confused about what he really means and how this all should happen.
I have to admit that you need some historic knowledge and must be familiar with the project and the potential of Elephant Money to really understand what BT says here. But all information is out there, don’t hesistate to reach out to me or anyone in the community to get your questions answered or doubt be taken away.
Lastly, I’d like to refer you to the Linktree which is made available by one of the community members. The tree lists references to all relevant and up to date information, videos, articles, calculators, whitepapers and webpages.
Ready to join the herd?
If you plan to join the movement, want to become an Elephant token holder or going to Mint some TRUNK you could consider using my account to become my partner. Check out the following article to find out how
References
Website: https://elephant.money/
Whitepaper: https://elephant.money/media/elephant-wp.pdf
Telegram: https://t.me/elephant_money
Medium: https://medium.com/@bankteller
Linktree: https://linktr.ee/elephant_bootcamp
Dune Dashboards: https://dune.com/dedalus/Elephant-Money-Treasuries-and-Liquidity
Disclaimer
DYOR/NFA
Nothing in this article is to be considered as investment advice. The author or the publication cannot be held responsible for any investments, profits or losses you may incur as a result of this information. The article may contain affiliate links. Always DYOR.
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