TRU
$0.009535815215532978

TrueFi (TRU) Price

$0.009535815215532978
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TrueFi (TRU) Price Today

The live price of TrueFi is 0.009535815215532978 USD. In the past 24 hours, the trading volume of TrueFi was 5,346,276.94 USD, down by -7.82%. The current price has decreased by -25.88% from its 7-day high of 1.01 USD, and increased by 0.00926114% from its 7-day low of 0.01 USD. With a circulating supply of 1,385,068,622.20 TrueFi, the market cap of TrueFi is currently 42,021,864.00 USD, down by 0% in the last 24 hours. TrueFi currently ranks #1391 by market capitalization among cryptocurrencies.

TrueFi (TRU) Market Data

Market Cap
$12.8M
24h Volume
$5.3M
Circulating Supply
1.3B TRU
Maximum Supply
--
Fully Diluted Market Cap
$12.9M
Liquidity Indicator
41.75%
About
Rate
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FAQ

About TrueFi (TRU)

How can I buy TrueFi (TRU)?

Buying TrueFi (TRU) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase TrueFi (TRU) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy TRU Guide for more information.

$TRU, or TrustTokens, stands as the native cryptocurrency within the TrueFi protocol, operating on the Ethereum blockchain. This token plays a pivotal role in the TrueFi decentralized finance (DeFi) platform, serving as the currency for governance, decision-making, and incentivization. $TRU holders wield influence in the protocol's governance, actively participating in credit score voting, staking for rewards, and contributing to the platform's overall community-driven approach. The token is purpose-built to facilitate transparent and decentralized uncollateralized lending and borrowing within the TrueFi ecosystem.


$TRU addresses various challenges inherent in both traditional lending markets and the broader DeFi space. Traditional lending often grapples with slow and expensive processes due to outdated financial infrastructure. TrueFi steps in to streamline these processes, introducing a blockchain-based protocol that enhances efficiency and transparency. Moreover, it tackles issues of limited accessibility, opening up financial opportunities to a wider user base, encompassing real-world borrowers and crypto-focused institutions. By enabling uncollateralized lending through the innovative Credit Scores mechanism, TrueFi promotes efficiency, allowing borrowers with high credit scores to access loans without requiring collateral. Additionally, $TRU addresses concerns of centralization by empowering token holders to actively contribute to the governance of the TrueFi platform, ensuring a decentralized and community-driven approach.

$TRU Tokenomics and Risks


The $TRU token operates within a comprehensive tokenomics structure, serving various functions within the TrueFi ecosystem. These functions include governance, credit score voting, staking for incentives, collateralization for loans, and providing liquidity to the lending pool. The tokenomics framework is designed to create a self-sustaining and community-driven DeFi platform. However, users and investors should be aware of potential risks associated with $TRU. These include exposure to market volatility, as cryptocurrency values can fluctuate. Smart contract risks are also a consideration, given that TrueFi relies on these contracts, and vulnerabilities could impact the security of the platform. Regulatory changes within the cryptocurrency space pose another risk, necessitating compliance with evolving regulations. Additionally, factors such as adoption rates and competition from similar projects could influence TrueFi's market standing.

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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
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Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.