TrueFi- A Diamond in the Making - What DeFi is Missing
Updated
This is one of my long term holds and a real gem. We have been building a position since private sale and have recently added at 40 cents.
When TRU was initially conceived, it was a platform for tokenizing real world assets. The project pivoted to defi and is developing functionality for uncollateralized lending. It is currently undervalued due to poor tokenomics, which do not fit its utility. The tokenomics are left over from the prior vision and have yet to be adjusted. Currently the team is moving through the road map, Currently there is governance in place and an active community, making it a matter of time before we see a approved proposal to increase token burns.
Coming up in the road map there is support for USDC and other assets (BTC, ETH, DAI), then SAFU fund followed by uncollaterilzed lending. Once the tokenomics are fixed by burning overallocated tokens we can se a price of $4-5
On the technical side we have a double bottom on the 4 hour time frame, and support at the 42-45 cent zone confirmed.
** Not investment advice.
When TRU was initially conceived, it was a platform for tokenizing real world assets. The project pivoted to defi and is developing functionality for uncollateralized lending. It is currently undervalued due to poor tokenomics, which do not fit its utility. The tokenomics are left over from the prior vision and have yet to be adjusted. Currently the team is moving through the road map, Currently there is governance in place and an active community, making it a matter of time before we see a approved proposal to increase token burns.
Coming up in the road map there is support for USDC and other assets (BTC, ETH, DAI), then SAFU fund followed by uncollaterilzed lending. Once the tokenomics are fixed by burning overallocated tokens we can se a price of $4-5
On the technical side we have a double bottom on the 4 hour time frame, and support at the 42-45 cent zone confirmed.
** Not investment advice.
Note
Under 45 cents is a good spot to add or start building a position.
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