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What is the issuance price and issuance volume of TrueFi (TRU) coins?

TrueFi's (TRU) initial issuance price was $0.20 in 2019, and its total issuance volume is capped at 1 billion tokens.

Dec 16, 2024 at 07:54 pm

What is the Issuance Price and Issuance Volume of TrueFi (TRU) Coins?

TrueFi (TRU) is a decentralized lending protocol that connects borrowers and lenders through a trustless and permissionless platform. It utilizes a native token, TRU, which plays a crucial role in the protocol's governance, staking, and incentivization mechanisms.

Issuance Price of TrueFi (TRU)

The initial issuance price of TRU was set at $0.20 during its initial coin offering (ICO) in March 2019. The ICO raised a total of $1.25 million, with 6.25 million TRU tokens sold.

Issuance Volume of TrueFi (TRU)

The total issuance volume of TRU is capped at 1 billion tokens. Out of this, 22.6% was allocated to the ICO, 25% to the team and advisors, 20% to the ecosystem and community, 17.4% to the treasury, and 15% to investors.

The distribution of TRU tokens is designed to ensure a fair and equitable distribution, with a significant portion allocated to the community and ecosystem to foster growth and adoption.

Key Features of TrueFi (TRU)

Lending Protocol: TrueFi facilitates decentralized lending by connecting borrowers with lenders, eliminating intermediaries and reducing transaction costs.
Trustless and Permissionless: The protocol operates on a trustless and permissionless blockchain, enabling participation from anyone without the need for centralized intermediaries.
Overcollateralized Loans: Loans on TrueFi are overcollateralized, meaning borrowers must deposit assets as collateral that exceed the loan amount, mitigating default risk.
Governance: TRU token holders participate in the governance of the protocol, voting on proposals for fee adjustments, risk parameters, and protocol upgrades.
Staking: TRU tokens can be staked to earn rewards and secure the network, further incentivizing participation and contributing to the protocol's stability.

Role of TRU in the TrueFi Protocol

TRU serves multiple functions within the TrueFi protocol:

Governance: TRU holders have voting rights on protocol enhancements and decision-making.
Staking: TRU can be staked to secure the protocol and earn rewards, contributing to its security and stability.
Incentivization: TRU is used to incentivize participation from lenders and borrowers, promoting liquidity and loan issuance.
Fees: TRU can be used to pay protocol fees, such as loan origination fees and interest rates.

Conclusion

The issuance price and issuance volume of TrueFi (TRU) coins were carefully determined to ensure fair distribution and foster community involvement. The multi-faceted role of TRU in the protocol's governance, staking, incentivization, and fee mechanisms solidifies its significance within the TrueFi ecosystem.

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