My Little Elephants are Growing up BIG & Strong
…& they are multiplying too!!!
Do you have Elephant tokens?
Let me tell you what has happened to mine & why you need to get some for yourself!!!
(NONE OF WHAT I WRITE IN MY ARTICLES IS TO BE TAKEN AS INVESTMENT ADVICE. I am not an advisor for this nor am I suggesting any financial action on your part. DYOR. NFA.)
So I have just started investing into Elephant Token & I am well pleased so far.
What is Elephant Token?
Elephant Token is the native token of the Elephant Money ecosystem.
You can buy Elephant token, leave it in your wallet & it will earn you more tokens every time some one buys Elephant tokens via Pancakeswap.
You don’t even have to stake it anywhere. Just leave it your wallet & watch it grow over time.
At this time, the price of Elephant Token is very low.
1 Elephant Token = 0.000000140011 BUSD Tokens
1 BUSD = 7,527,703 Elephant Tokens
So you can buy a lot with just a little. These are very small elephants, as you can see.
How does it work?
Well, you basically have 2 options when buying these tokens.
- BERTHA — part of the Elephant Money ecosystem. She charges large gas fees. So it only recommended to buy with her when you are buying very large amounts.
- Pancakeswap — separate from the Elephant Money ecosystem. Charges normal gas fees. So you can buy as large or as small as you wish without spending a ton on gas.
(Here’s the Elephant token contract, if you would like to buy some on Pancakeswap: 0xE283D0e3B8c102BAdF5E8166B73E02D96d92F688)
If you buy with Pancakeswap then you will be taxed 10% on your tokens. This 10% is then split. 5% is split evenly amongst all other Elephant Token holders. (The more you have then the more of this 5% you get.) The other 5% is then put back into token liquidity.
As a price safe guard, half of the tokens are kept in the Graveyard (a HODLing place for these tokens).
If you buy with BERTHA then you get a discount on the taxes. You will only be taxed at 8.5% instead of 10%. 0.5% goes to your upline in Stampede. The other 8% goes directly to BERTHA.
BERTHA is similar to the Graveyard in that she HODLs a lot of the tokens. The difference is that she sells tokens as needed to help fund the other parts of the Elephant Money ecosystem.
My Experience with Elephant Token so far…
I am very new to Elephant Token & have only been investing in it since 4/1/23, almost 3 weeks…
That being said, I am very pleased with what I am seeing so far.
As a part of my new Crypto Budget, I now purchase Elephant & TRUNK tokens every week.
Here is what I have spent on Elephant token so far.
- 4/1/23 — converted $48.16625 to 332,332,822.23 tokens
- 4/8/23 — converted $38.73375 to 300,925,530 tokens
- 4/15/23 — converted $28.30875 to 211,288,118 tokens
So far this month, I have spent $115.20875 to buy 844,546,470.23 Elephant tokens.
I have been using Pancakeswap to buy these tokens, since the gas fees are lower. If you adjust for the 10% tax on pancake swap then those 844,546,470.23 tokens should be 760,091,823.207 tokens.
Here’s how they have grown since my first investment on 4/1/23.
- 4/1/23–4/8/23 — growth of 10,014.686760 tokens ($0.448937727)
- 4/8/23–4/15/23 — growth of 12,446.758803 token ($2.796784)
- 4/15/23–4/19/23 (today) — growth of 14,951.248993 tokens ($4.785979)
As you can see, even though my investment amounts have been going down from week to week, my growth has been going up form week to week!
My $115.20875 total invest should have been $103.687875 with the 10% from PCS. Yet, my current value is at $111.0794831! This is only 3.584161% lower than my investment. And it keeps on growing!
This is awesome!!!
Also, the price of the Elephant token continues to rise over time.
- 4/1/23–1 token = $0.000000094360
- 4/8/15–1 token = $0.000000129291
- 4/15/23–1 token = $0.000000133981
- 4/19/23(today) — 1 token = $0.000000140011
Did you see it?
The number of zeroes, after the period, in the price went down by 1. Instead of 7 zeroes there are now 6 zeroes. Plus, we are almost half way done with the 6th zero.
This means that demand for this token is going up, which increases the value of the token.
This is why I say that my little Elephants are getting bigger & multiplying.
They are increasing in value, while adding more to my wallet.
What does this mean?
Well, now that you know more about Elephant token, you basically have 2 choices.
- Do nothing & make nothing.
- Buy some tokens, earn some tokens, & make some money.
For me, I’ll continue to buy each week. It won’t be too long that buy earnings will be higher than buy investments. At which point, I’ll reassess my strategy with this token again.
I estimate that this will happen sometime in May, or maybe even sooner depending on the token price.
The good news is that this investment is now “locked” they would be if I put them into a miner or other ROI Dapp. I can convert them to any other token I wish, anytime that I wish.
The only risk is the price, which seems to be steadily going up every week.
So what are you waiting for? Go buy some Elephant tokens!
Thanks for reading!
Till next time.
God Speed!
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