Truflation
Truflation is a leading DRP (definite reference point) for economic truth that is powering the tokenization of Real World Assets with it’s independent, transparent, and real-time financial data. Tracking over 13 million items, Truflation’s censorship-resistant and accessible data indexes provide the necessary data infrastructure to bring about systemic advancements in the DeFi economy, empowering dApps like DEXs to open limitless markets. From speculating on prices of orange juice and uranium to enabling BTC-denominated oil, gas, and corn prices, Truflation provides the key to unlocking a diverse array of financial markets and instruments in the Web3 world.
Token Utility: Multiple layers of $TFI utility will exist at launch:
Node operators (requires min. 300,000 staked TFI): The node operator ensures availability of the data by maintaining the necessary infrastructure and updating the Trudata software stack. Estimated yield 20%. The inclusion of an active governance model where TFI token holders can participate in key protocol decisions fosters community engagement. The use of TFI tokens for governance and incentives aligns economic interests with the success of the platform.
Website: https://truflation.com/
Twitter: https://twitter.com/truflation
Telegram: https://t.me/truflation
Positive Notes:
- Averaging 30% month over month growth, traders now add up to 100k uniques last month and 5,000 DAU.DeFi protocols building on economic data include Injective, Lendr, Fortunity with TradFi customers across Derivative Swap Traders and Asset managers and advisors along with over 30,000+ community of traders, analysts and dApp builders. Truflation is working on distribution partnerships.
- Confirmed exchanges: Coinbase ,Bybit, Kucoin, Mexc ,OKX, Gate
- Delegated proof-of stake: Participants can delegate their $TFI to a node operator in return for yield. Requires 100k minimum $TFI with estimated 20% yield.
- End Users: Defi, TradFi and B2B customers pay for Truflation data streams using $TFI tokens, or in some cases pay in stable coins, a portion of which is used for $TFI buybacks.
- Verification Staking Pool: Users have the right to dispute the data by staking tokens with the Qualification and Verification Pool and earn yield in the event of a successful dispute as determined by the DataDAO.
- Governance Staking: users can lock their $TFI in return for time-based yield, and to receive veTFI tokens, which grant holders voting rights in the DataDAO to govern decisions related to token distributions and rewards, data category selections, market strategies, and much more. Additionally, veTFI token holders are awarded a portion of the protocol fees for their active participation, as well as slashing rewards. All locked private sale tokens will automatically be considered staked and therefore private sale participants will be able to earn yield and participate in governance based on their vested tokens.
- Investors: Coinbase Ventures, Chainlink Labs, Balaji Srinivasan, C² Ventures, Fundamental Labs, Israeli Blockchain Association, Cogitent Ventures, Impossible Finance, Abra, G20 and others.
Negative Notes:
- Long vesting 24 Months
- Regulatory Risks: The tokenization of real-world assets and the decentralized nature of Truflation may attract regulatory scrutiny. Adapting to changing regulations and ensuring compliance could pose challenges.
Total supply (Max supply): 100,000,000
(TGE) The market launch date: April 9, 2024
Athena DexFi Deal:
5% immediate TGE (April 9, 2024) 24 month linear
Price: $0.0452
Personal Opinion on the Project:
Truflation’s mission to provide decentralized, objective, and frequent economic data updates is commendable. The focus on innovation, automation, and integration with blockchain technologies positions it as a key player in the evolving landscape of decentralized finance. The collaboration with Chainlink adds credibility to the project’s data infrastructure. With great backers and solid investors, I think this project is small risk and can have a high potential in the next bull run
Team evaluation: 8
Project rating: 9
Project risk percentage: 10-20%
Truflation Documents
“Legal Notice: The information provided on this website is for informational and personal purposes only and is not intended to be financial advice or an inducement to invest in cryptocurrencies. Investments in cryptocurrencies involve significant risks and may result in the total loss of invested funds. Before making any investment, it is advisable to consult a qualified financial advisor and conduct your own thorough assessment of risks and opportunities.