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TrueFi

TrueFi

TRU
$0.0₃8119Up 0.24 percent($0.00)

Key Stats

Market Cap$1.01MUp 0.24 percent
Volume (24h)$1.97K
Fully Diluted Value$1.02M
Vol/Mkt Cap (24h)0.20%
Total Supply1.26B TRU
Max Supply1.26B TRU
Circulating Supply1.24B TRU
Launch Date2020-06-03
Built OnETH
Token StandardERC20
Smart Contract Address0x4C19…3784
Decimal Places8

TrueFi Information

Websites
truefi.ioWhitepaper
Industries
DeFi

TrueFi Price Converter

TrueFiTRU
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Latest TrueFi News

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TrueFi Markets

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InstrumentExchangeBenchmark DataPrice24h Change
TrueFiUSD logo
TRU-USD
TRUUSD
kraken logokraken
AA
0.0₃8100USD
0.00%
TrueFiEUR logo
TRU-EUR
TRUEUR
kraken logokraken
AA
0.0₃7000EUR
-1.41%
TrueFiUSD logo
TRU-USD
TRU-USD
coinbase logocoinbase
AA
0.002500USD
0.00%
TrueFiEUR logo
TRU-EUR
TRUEUR
bit2me logobit2me
B
0.0₃7000EUR
-1.41%
TrueFiUSDT logo
TRU-USDT
TRUUSDT
latoken logolatoken
D
0.001018USDT
0.00%

TrueFi Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
TRUERC20ETH0x4C19596f5aAfF459fA38B0f7eD92F11AE65437842020-06-03
BPTRUBEP20BNB0xb4fcdcb8a0b29247466720ff81587d1a6f4fc4d72021-03-22

About TrueFi

TrueFi (TRU), an ERC-20 token on Ethereum, is a governance and utility token for the TrueFi platform. TRU holders can participate in governance decisions, stake tokens to earn rewards and influence interest rates. TrueFi is a DeFi platform that offers uncollateralized loans based on borrower trustworthiness, bringing credit scores to blockchain. This unique approach allows loans without collateral. TRU was founded by Rafael Cosman, also the CEO and Co-Founder at TrustToken, the company behind TrueFi.

Frequently Asked Questions

The Token (TRU): TrueFi (TRU) is an ERC-20 token on the Ethereum blockchain. It serves as the governance and utility token within the TrueFi platform. By holding and staking TRU tokens, users can have a say in the governance decisions of the platform, ranging from protocol upgrades to loan approval parameters.

The Platform (TrueFi): TrueFi is a decentralized finance (DeFi) platform that facilitates uncollateralized loans. Unlike many other DeFi lending protocols which require borrowers to over-collateralize, TrueFi evaluates and approves loans based on the trustworthiness of borrowers, essentially bringing credit scores and reputation to the blockchain. This allows it to offer loans without needing collateral, which is a unique approach within the crypto lending space.

TRU tokens play a multifaceted role in the TrueFi ecosystem:

  • Governance: TRU token holders can participate in voting on various proposals and platform changes.

  • Staking: Users can stake their TRU tokens to earn rewards and also to indicate trust towards borrowers. If a loan defaults, staked tokens might be used to cover the loss.

  • Rate Setting: TRU holders can influence interest rates on the platform.

TrueFi (TRU) was founded by Rafael Cosman. Rafael Cosman is also the CEO and Co-Founder at TrustToken, the company behind TrueFi.