About TrueFi
TRU is an Ethereum token that powers TrueFi, a decentralized finance protocol for uncollateralized lending using on-chain credit scores. TRU can be used for staking (i.e. to approve or reject new loans) and governance on the TrueFi protocol.
Trading Insights
Buyer Ratio
Traders
107
189.19%
Buyers
83
219.23%
Sellers
53
278.57%
Searched
90
Market Stats
Market Cap
£10.80M
11.55%
FDV
£11.43M
Circ. Supply
1.4B TRU
Max Supply
1.5B TRU
Total Supply
1.4B TRU
Total Value Locked
£19.57K
Diluted Valuation
£10.66M
Performance
Popularity
#850
Dominance
0%
Volume (24H)
£21.01M
961.51%
Volume (7D)
£34.88M
Volume (30D)
£589.29M
All time high
£0.69
Price Change (1Y)
Not enough data
87.95%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of TrueFi has increased by 7.07% in the last hour and increased by 15.85% in the past 24 hours. TrueFi’s price has also risen by 22.54% in the past week. The current price is £0.0081 per TRU with a 24-hour trading volume of £21.01M. Currently, TrueFi is valued at 98.83% below its all time high of £0.69. This all-time high was the highest price paid for TrueFi since its launch.
The current circulating supply of TrueFi is 1,370,406,688.346 TRU which means that TrueFi has as total market cap of £10,801,469.62.
Market details
TRU vs markets
↘ 86.25%
TRU vs BTC
↘ 86.81%
TRU vs ETH
↘ 86.27%
Tags
defi
yield-farming
lending-borowing
real-world-assets-protocols
+1
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x4C19596f5aAfF459fA38B0f7eD92F11AE6543784 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0081 | |
1 Day | £0.0068 | |
1 Week | £0.0064 | |
1 Month | £0.0097 | |
1 Year | £0.0702 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
TrueFi is a unique protocol that seeks to establish interest-bearing pools with competitive APRs for liquidity providers. It's a system that aims to make credit programmable by bringing debt infrastructure on-chain. The native token of the TrueFi protocol is TrustTokens (TRU), which serves multiple functions within the ecosystem. TRU holders have the ability to rate credit for third parties, contributing to the creation of a permissionless credit system that operates purely through incentives. Essentially, TrueFi intends to construct a new credit system where TRU owners have part ownership.
TrueFi operates by utilizing its native token, TRU, in a variety of ways. TRU holders have the ability to rate credit for third parties, which contributes to the creation of a permissionless credit system. This system operates purely through incentives, with TRU holders having a say over who is a credible borrower in the prediction market. The protocol also rewards participants for maintaining competitive APRs. In this way, TrueFi seeks to create credit infrastructure within the crypto space.
TrueFi news
Trending articles
Social stats
Popularity in posts
#1469
Contributors
54
Posts
54
% About TrueFi
0.013%
Articles
0
X (Twitter)
52.8% bullish
Sentiment
5.0 ★
Highlights
54 unique individuals are talking about TrueFi and it is ranked #1,469 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, TrueFi has an average sentiment score of 5.0 out of 5. Finally, TrueFi is becoming less newsworthy, with 0 news articles published about TrueFi.
On Twitter, people are mostly bullish about TrueFi. There were 53.44% of tweets with bullish sentiment compared to 1.21% of tweets with a bearish sentiment about TrueFi. 46.56% of tweets were neutral about TrueFi. These sentiments are based on 250 tweets.
On Reddit, TrueFi was mentioned in 37 Reddit posts and there were 55 comments about TrueFi. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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