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What is TrueFi (TRU)?

TrueFi basic info

Name:TrueFi
Ticker:
Introduction:

What Is TrueFi?

TrueFi is a decentralized finance (DeFi) lending protocol that is revolutionizing the credit market. Launched in November 2020, it offers an uncollateralized lending platform, a significant shift from the traditional over-collateralized practices in the lending industry. This innovative approach allows institutional borrowers to access loans without the need for collateral, relying instead on a thorough evaluation of the borrower's on-chain and off-chain data. TrueFi's model enhances capital efficiency and opens up new financial opportunities, including fintech financing, real estate investing, and emerging market investing.

The platform, developed by TrustToken, merges the benefits of decentralized finance (DeFi) and traditional finance (TradFi). It empowers token stakers to have a say in the approval or rejection of loan requests, thereby democratizing the lending process. Since its inception, TrueFi has originated over $2 billion in collateral-free loans, approved more than 130 loan requests, and paid out over $40 million in returns to lenders, all while maintaining minimal defaults. This success demonstrates the platform's effectiveness in managing digital assets and providing transparency in the lending process.

Resources

Official Documents: https://docs.truefi.io/faq/

Official Website: https://truefi.io/

How Does TrueFi Work?

TrueFi operates as a marketplace connecting lenders, borrowers, and portfolio managers through smart contracts, governed by TRU token holders. Lenders contribute their digital assets to the platform’s liquidity pool, which includes stablecoins like USDT, USDC, TUSD, and BUSD. Borrowers, primarily institutional entities, request loans from the TrueFi treasury without needing to provide collateral. These requests undergo a rigorous evaluation by TrueFi’s credit committee, which then presents eligible borrowers to token stakers for voting.

The protocol offers multiple layers of protection against defaults. In the event of a loan default, TRU stakers provide loss protection to lenders using their staked TRU. Additionally, TrueFi’s DAO-managed pools and automated lines of credit (ALOCs) allow lenders to exit their loan positions at any time, albeit for a fee, enhancing liquidity and flexibility.

TrueFi also supports independent portfolio managers who create various pools or portfolios for lenders. These managers can tap into global liquidity and enjoy the transparency and efficiency of an on-chain lending book. The protocol's open-source infrastructure enables portfolio managers to launch their portfolios using TrueFi’s smart contracts, further democratizing the asset management process.

What Is TRU Token?

TRU is the native utility and governance token of the TrueFi protocol. It plays a crucial role in the ecosystem, allowing token holders to participate in on-chain voting and governance decisions, such as approving loan requests and onboarding new portfolio managers. Staking TRU not only enables participation in the governance process but also provides loss protection to lenders in the ecosystem.

The total supply of TRU is 1,450,000,000 tokens, with 1,071,203,485 tokens in circulation as of November 2023. The distribution of TRU is designed to support the protocol's progressive decentralization, with a significant portion allocated to an incentive pool for lenders, TRU stakers, and liquidity providers. This distribution strategy aims to empower the community to manage the protocol effectively.

What Determines TrueFi’s Price?

The price of TrueFi (TRU), like many cryptocurrencies, is influenced by a combination of market demand, investor sentiment, and its utility within the TrueFi ecosystem. As a governance and utility token, TRU's value is closely tied to the perceived success and adoption of the TrueFi platform. When the platform experiences increased usage, whether through a rise in the number of loans originated or an expansion in its user base, this typically generates positive sentiment among investors, potentially driving up the price of TRU. Additionally, the unique proposition of TrueFi in offering uncollateralized loans in the DeFi space adds to its appeal, influencing the demand for TRU tokens. Market dynamics, such as supply and demand, trading volume on cryptocurrency exchanges, and overall trends in the DeFi and blockchain sector, also play a significant role in determining TRU's price.

Furthermore, TRU's price is impacted by broader crypto market trends and regulatory news affecting the DeFi industry. As regulatory frameworks around DeFi evolve, they can have either a positive or negative impact on investor confidence in tokens like TRU. In the rapidly evolving world of blockchain and cryptocurrency, the integration of new features and partnerships by the TrueFi platform, as well as its performance in terms of security and loan repayment rates, are critical factors that investors closely monitor. These elements, combined with the general sentiment in the crypto market, contribute to the fluctuating price of TRU, reflecting the dynamic and interconnected nature of cryptocurrency valuations.

For those interested in investing or trading TrueFi, one might wonder: Where to buy TRU? You can purchase TRU on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

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Current price:
All-time high:$1.04
All-time low:$0.02669

TRU supply and tokenomics

Circulating supply:1,261,481,500 TRU
Total supply:1,283,173,672.2 TRU
Max supply:1,450,000,000 TRU
Market cap:$111.87M
Fully diluted market cap:$128.59M
Token allocation:
Incentive Distribution
39.00%
Private Sale
28.50%
Team & Management
18.50%
Grants/Company
9.50%
Future Team
4.50%
Tokenomics:

Token utility

TRU is the native token of the TrueFi protocol and is used for: TrustToken holders ultimately have a say over who is a credible borrower in the prediction market. TRU gives the holder the ability to rate credit for third parties. Through TRU credit rating, a permissionless system of credit can be built which operates purely through incentives. TRU owners have part ownership in building a new credit system.

Links

Buy TrueFi for $1Buy TRU now

What is the development prospect and future value of TRU?

The market value of TRU currently stands at $111.87M, and its market ranking is #419. The value of TRU is not widely recognized by the market. When the bull market comes, the market value of TRU may have great growth potential.

As a new type of currency with innovative technology and unique use cases, TRU has broad market potential and significant room for development. The distinctiveness and appeal of TRU may attract the interest of specific groups, thereby driving up its market value.

What will the price of TRU be in 2025?
Based on TRU's historical price performance prediction model, the price of TRU is projected to reach $0.1061 in 2025.
What will the price of TRU be in 2030?
In 2030, the TRU price is expected to change by -4.00%. By the end of 2030, the TRU price is projected to reach $0.1462, with a cumulative ROI of +68.29%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of TRU and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is TRU worth investing or holding? How to buy TRU from a crypto exchange?

If you want to buy TRU, the following information may be helpful for your investment decisions:
In the last 7 days, the price of TRU has fallen by -27.32%, leading to negative returns for most TRU investors. The market is currently pessimistic about the price trend of TRU.
It is important to note that the current price of TRU has retreated by -91.45% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether TRU is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in TRU or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of TRU, if you want to buy or sell TRU, you can consider Bitget for your trading needs. The best place to buy TRU is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in TrueFi has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy TrueFi. Here's a step-by-step guide on how to buy TrueFi on Bitget.

How to get TrueFi through other methods?

Using cash to buy TrueFi is not the only way to obtain TrueFi. If you have the time to spare, you can get TrueFi for free.
Learn how to earn TrueFi for free through the Learn2Earn promotion.
Earn free TrueFi by inviting friends to join Bitget's Assist2Earn promotion.
Receive free TrueFi airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to TrueFi through Bitget Convert, Bitget Swap, or spot trading.

What is TrueFi used for and how to use TrueFi?

The use case of TrueFi may expand as the crypto market and the project itself develop. Currently, you can use TRU to achieve the following goals:
Arbitrage by trading TRU: Since TRU is a frequently traded cryptocurrency, the price of TRU is always fluctuating. Earn more TRU by buying low and selling high on the exchange. Bitget spot market provides a variety of TRU trading pairs to fully meet your needs.
Earn by staking TRU: You can also generate income through financial management methods such as staking TRU or lending TRU. Bitget Earn offers a variety of financial products designed to help you earn more income from your TRU.
Send or pay TRU: If you want to give TRU to your friends, a charity, or a fundraiser, or you want to pay someone with TRU, you can quickly and easily send TRU to the recipient through their payment address.
You can also go to the official website of the TrueFi project to learn more about the use cases of TRU. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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