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TrueFi Price (TRU)
TRY

TrueFi Price (TRU)

Currency:
TRU to TRY:
1 TrueFi equals ₺ 3.397384 TRY-11.91%1D
Page last updated: 2024-12-19 00:26 (UTC+0)
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Note: This information is for reference only.

Price of TRU today

The live price of TrueFi is ₺ 3.397384 per (TRU / TRY) with a current market cap of ₺ 4.29B TRY. 24-hour trading volume is ₺ 825.11M TRY. TRU to TRY price is updated in real-time. TrueFi is -11.91% in the last 24 hours with a circulating supply of 1.26B.
TRU Price History TRY
Date ComparisonAmount Change% Change
Today₺ -0.459312-11.91%
30 Days₺ 0.211501+6.64%
60 Days₺ 0.482961+16.57%
90 Days₺ -0.107548-3.07%

TRU Market Information

24h Low & High
Low: ₺ 3.37549
High: ₺ 3.880263
The highest and lowest price paid for this asset in 24 hours.
All Time High
₺ 36.37
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
-2.3%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
-11.91%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-24.44%
The percentage change in price for this asset compared to 7 days ago.

TRU Market Information

Popularity
#412
Popularity is based on the relative market cap of assets.
Market Cap
₺ 4.29B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
₺ 825.11M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
1.26B
87.00%
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
1.45B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
₺ 4.93B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Issue Date
2021-11-20

What Can You Do With TrueFi (TRU)?

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About TrueFi (TRU)

TrueFi is an uncollateralized lending protocol that provides institutional borrowers with fixed-term, zero-collateral loans. The loans are powered by on-chain credit scores, and the governance of protocol is delegated to $TRU token holders.

The platform states that all functions performed in TrueFi are fully transparent to support the flow of funds for creditors and debtors when participating in the program. As lenders add specific assets to the TrueFi loan pool, they have the ability to earn interest and TRU tokens. Any unused funds are transferred to the other DeFi protocols, such as Curve.fi, to ensure liquidity is available for new loans.

As per the project, lenders can deposit stablecoins into TrueFi loan pools, which are used to finance loans and earn attractive interest rates. TrueFi states that its loan pool uses a predetermined strategy to provide loans to creditworthy borrowers, thereby minimizing risk on returns. These loan pools are overseen by a third-party affiliate of TrueFinance called TrueTrading.

At the time of writing, only vetted and white-listed borrowers can borrow from the credit pools. In addition, the vetting process requires a reputation-based interlocking credit score. After depositing funds into the TrueFi loan pool, the lender receives loan pool tokens. In addition, the loan pool tokens represent the percentage of the lender's equity in the loan portfolio.

The TRU token is used for governance on the TrueFi platform, allowing holders to vote on proposals, and stake for rewards. TRU price is updated and live-tracked on Binance in real-time.

People Also Ask: Other Questions About TrueFi

  1. What is TRU Used For?

    TRU is TrueFi's native platform token. By staking TRU, token holders can participate in governance, which allows users to vote on proposals to direct the platform's development and make parameter changes to the protocol. Additionally, TRU token holders have the ability to vote on community actions such as grants and funding. The platform claims that users who stake TRU tokens are rewarded with the platform's proprietary stablecoin, tfUSDC, and TRU tokens. 

    The TRU token is the provision of liquidity for decentralized exchanges and automated market makers. LPs who supply TRU tokens to decentralized exchanges can participate in yield farming and purportedly earn transaction fees.

  2. Who Is the TrueFi Founder?

    TrueFi was founded in 2020 by CEO Rafael Cosman, a Stanford University graduate who previously worked at Google as a Machine Learning Engineer and also co-founded Archblock, an asset management platform.
     

  3. What Is the Maximum Token Supply of TRU?

    At the time of writing, the maximum supply of TrueFi is 1.45 billion TRU, with a circulating supply of approximately 1.14 billion TRU. 

  4. What Makes TrueFi Different From Others?

    TrueFi is an uncollateralized lending DeFi protocol that claims to offer long-term loans with supposedly predictable high rates of return on stablecoin deposits, due to idle funds being transferred to other DeFi protocols, such as AAVE and Curve, for additional returns. 

  5. How To Buy TrueFi (TRU)?

    TrueFi (TRU) can be purchased directly from Binance. TrueFi (TRU) can also be traded for other cryptocurrencies. Live TrueFi price is updated in real-time on Binance. Additionally, TRU price and purchase information is available for users to read on our How To Buy TrueFi (TRU) guide.

  6. How Much Will TrueFi (TRU) Be Worth in Future?

    Check out our TRU Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

TRU to Local Currency

FiatPriceOperation
1 TRU to USD$ 0.096902
1 TRU to TRY$ 0.096902
1 TRU to RUB$ 0.096902
1 TRU to EUR$ 0.096902
1 TRU to AED$ 0.096902
1 TRU to AUD$ 0.096902
1 TRU to BRL$ 0.096902
1 TRU to VND$ 0.096902
1 TRU to IDR$ 0.096902
Last updated 2024/12/19 12:26 (UTC)

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