How much is the circulating supply of TrueFi (TRU) coins?

As of March 8, 2023, the circulating supply of TrueFi's native token, TRU, stands at 342,297,478 coins, constantly adjusting with mintings and burnings.

Dec 10, 2024 at 12:46 pm

How Much Is the Circulating Supply of TrueFi (TRU) Coins?

TrueFi is a decentralized protocol that allows users to lend and borrow cryptocurrencies without the need for a middleman. TRU is the native token of the TrueFi protocol and is used to pay for transaction fees, participate in governance, and earn rewards.

1. What is the circulating supply of TRU coins?

As of March 8, 2023, the circulating supply of TRU coins is 342,297,478. This number is constantly changing, as new TRU coins are minted and existing TRU coins are burned.

2. How is the circulating supply of TRU coins calculated?

The circulating supply of TRU coins is calculated by subtracting the number of TRU coins that have been burned from the total number of TRU coins that have been minted.

3. What is the maximum supply of TRU tokens?

The maximum supply of TRU tokens is 1,000,000,000. This number is set by the TrueFi protocol and cannot be changed.

4. What factors can affect the circulating supply of TRU coins?

A number of factors can affect the circulating supply of TRU coins, including:

• The number of TRU coins that are minted: New TRU coins are minted when users pay transaction fees or participate in governance.
• The number of TRU coins that are burned: TRU coins are burned when they are used to pay for transaction fees or when they are used to repay loans.
• The number of TRU coins that are lost or stolen: TRU coins that are lost or stolen are effectively removed from the circulating supply.
• The number of TRU coins that are held by investors: Investors may choose to hold TRU coins for a variety of reasons, including to earn rewards, participate in governance, or speculate on the price of TRU.

5. How can I track the circulating supply of TRU coins?

There are a number of ways to track the circulating supply of TRU coins, including:

• Using a cryptocurrency explorer: Cryptocurrency explorers such as Etherscan and Blockchair allow you to view the total supply, circulating supply, and other metrics for TRU coins.
• Using a cryptocurrency market data provider: Cryptocurrency market data providers such as CoinMarketCap and CoinGecko provide real-time data on the circulating supply of TRU coins.
• Using the TrueFi website: The TrueFi website provides a variety of information about the TrueFi protocol, including the circulating supply of TRU coins.

6. What is the future of the TRU token?

It is difficult to predict the future of any cryptocurrency, including TRU. However, there are a number of factors that could contribute to the growth of TRU in the future, including:

• The increasing popularity of DeFi: DeFi is a rapidly growing industry, and TrueFi is one of the leading DeFi protocols. As DeFi continues to grow, the demand for TRU is likely to increase.
• The growth of the TrueFi protocol: The TrueFi protocol is constantly being developed and improved. As the protocol grows, the demand for TRU is likely to increase.
• The increasing number of TRU holders: The number of TRU holders is increasing rapidly. This is a sign that investors are becoming increasingly interested in the TrueFi protocol and the TRU token.