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Truefi

A Paradigm Shift in Onchain Credit Systems TrueFiTrueFi represents a pioneering leap in the realm of decentralized finance (DeFi), specifically tailored to enhance the ecosystem of onchain credit. Launched in November 2020, TrueFi has established itself not merely as a platform but as a modular infrastructure designed to facilitate and innovate the mechanics of credit in the blockchain environment. At its core, TrueFi serves as a nexus, intricately weaving together various stakeholders in the credit market through the use of sophisticated smart contract technology. This system is governed by the TRU token, which plays a pivotal role in the governance and operational mechanics of the platform. Here’s how it functions: Lenders: Individuals or entities looking to earn interest on their capital by lending it out in a secure, transparent blockchain environment. Borrowers: A diverse group, including but not limited to crypto-focused institutions, traditional fintech companies, trading entities, and credit funds seeking capital. These borrowers benefit from the flexibility and accessibility of funds without the conventional barriers presented by traditional banking systems. Portfolio Managers: These are key players who manage loan portfolios, optimizing for risk and return, thereby ensuring the health and profitability of the lending pools. Loan Origination: Since its inception, TrueFi has successfully originated loans amounting to over $1.7 billion, spread across more than 30 borrowers. This figure not only highlights the platform's capacity to handle substantial financial throughput but also underscores its growing acceptance and trust within the DeFi community. TrueFi’s design as a modular infrastructure allows for scalability and adaptability, crucial in the fast-evolving blockchain landscape. This modularity ensures that TrueFi can integrate with various other DeFi protocols, enhancing its utility and extending its reach across different aspects of onchain financial services. Team Raphael Kosman is a co-founder who plays a significant role in TrueFi's strategic direction and technical development, given the typical responsibilities of co-founders in tech startups Tory Reiss - also a co-founder and has been involved in shaping the company's vision, business model and partnerships, given the collaborative nature of founding teams. Jai An - Jai An's role as another co-founder covers various aspects of the business, from technology to business development, contributing to TrueFi's core functionality and expansion. Stephen Cade - as a co-founder, Stephen will play an important role in TrueFi's start-up and current growth phases, focusing on product and technology. Alex de Lorraine - as CEO, Alex leads the company, driving its strategic vision, operational efficiency and market positioning in the DeFi space. Bill Wolf - as CIO (Chief Investment Officer), Bill oversees investment strategies and manages the lending and borrowing arrangements that are central to TrueFi's operations. Diana Bouchard - serves as General Counsel and handles legal matters to ensure TrueFi's compliance with relevant regulations and laws, which is critical for the financial and blockchain sectors. Esben Svane Stockmarr - Advisor, he can advise on strategic decisions, bringing in experience from other sectors or specific market knowledge. Ichiro Minamikawa is also listed as an advisor. Ichiro may contribute to TrueFi's strategy in terms of market expansion, technology partnerships or other specialized advice. Dovey Wan - As an advisor, who is active in the blockchain and cryptocurrency community (as noted in X's posts about her involvement in various discussions and personal anecdotes in the crypto space), is likely to bring insight into market trends, community engagement, or even technological innovation in the blockchain ecosystem. The composition of the team demonstrates a combination of technology, finance, legal and strategic advisory experience, which is critical for a platform like TrueFi that operates at the intersection of finance and blockchain technology. This team structure is designed to navigate the complexities of decentralized finance, driving growth, compliance, and innovation in collateral-free lending. Fundraising Total Raised $ 32.50M Andreessen Horowitz (a16z) - Known for its significant investments in tech and crypto sectors, a16z has participated in TrueFi's funding, indicating strong venture capital confidence in TrueFi's model. Jump Trading and Jump Capital - Both entities are involved, showcasing interest from trading firms that might benefit from or contribute to the DeFi lending ecosystem. BlockTower Capital - A cryptocurrency investment firm that has backed multiple rounds for TrueFi, suggesting a strong belief in the project's potential within the DeFi space. Distributed Global - Another venture capital firm focusing on blockchain technologies, indicating TrueFi's appeal to specialized crypto venture funds. Slow Ventures - This firm has also invested, known for backing tech startups at various stages. Foundation Capital and DHVC (Danhua Capital) - These investments reflect a broader interest from venture capitalists in extending TrueFi's capabilities or integrating its technology into broader financial services. Alameda Research - Before its known issues, Alameda was involved in private sales, illustrating early interest from major crypto trading entities. GGV Capital - A firm with a global perspective, investing in local and global tech companies, which might be looking at TrueFi's expansion or integration capabilities. Private and Strategic Rounds: TrueFi has gone through various rounds of funding, including private sales and strategic rounds. These rounds are not just about raising capital but also about aligning with strategic partners who can contribute to the ecosystem's growth, technology, or market access. Token Sales: While not traditional ICOs, the sale of TRU tokens serves as a form of fundraising where tokens are used for governance and to incentivize participation in the TrueFi lending protocol. This method leverages the community's direct involvement in the protocol's success. Focus on Real-World Assets (RWA): The introduction of Trinity, as mentioned in recent developments, focuses on lending against tokenized real-world assets. This initiative could potentially open up new avenues for fundraising by attracting investors interested in combining traditional finance (TradFi) with DeFi. Tokenomics Incentive Distribution: 39.00% Tokens: 565.50 M TRU Dedicated to rewarding community engagement and ecosystem growth, this slice of the pie incentivizes participation and long-term commitment. Private Sale: 28.50% Purpose: Early investment rounds that fuel initial development and market entry strategies, ensuring the project has the necessary resources to thrive. Team & Management: 18.50% Investment in Talent: Allocated to the visionaries, developers, and managers who turn concepts into reality, this ensures the team's interests are aligned with the project's success. Grants / Company: 9.50% Innovation & Expansion: These funds are set aside for grants aimed at fostering innovation, research, community projects, and the overall expansion of the company's reach. Future Team: 4.50% Future-proofing Talent: Reserved for future hires, this allocation allows for the continuous attraction of top-tier talent as the project evolves. This allocation strategy not only supports the immediate operational needs but also invests in the future growth and community engagement, ensuring a balanced approach to token distribution. Blockchain Ironically, the largest holders of TRU are two of the most famous crypto exchanges - Binance and Coinbase. Two whales have recently emerged that have accumulated 1.9% of the entire issue each. This indicates insider information within the project and quite large purchases at market price! A number of well-known companies (Circle, Worldcoin and others) also have a large amount of TRU on their wallets. This indicates its continued widespread use in the community and among the cryptocommunity. GSR have already listed their tokens on the exchange to pump up the price, this explains the above mentioned about the large number of tokens on the exchange. Conclusion The project is very promising from the point of view of community use, as well as from the point of view of asset price growth. GSR market maker knows how to pump up such projects, moreover, the issue of tokens on exchanges is almost equal to the issue in the hands of GSR. The percentage of tokens in the same hands is off the charts! The team continues to actively develop the project, as well as working on integrations into all possible areas of economics and crypto. The whales have finished accumulating, the breakthrough is very soon. Buckle up! Best wishes, Horban Brothers!
Long
by horbanbrothers
3
TRU/USDT - A long term trade with right entry BINANCE:TRUUSDT (1W CHART) Technical Analysis Update TRU is currently trading at $0.147 and the price is currently reversing towards it's support zone and we expecting this support zone to hold strong. We have a good opportunity for a long trade in spot market or with the low leverage. i'm entering the trade at the current price and planning DCA if price drops more. Entry level: $ 0.1477 Stop Loss Level: $ 0.08459 TakeProfit 1: $ 0.19248 TakeProfit 2: $ 0.24517 TakeProfit 3: $ 0.39943 TakeProfit 4: $ 0.67278 TakeProfit 5: $ 1.04682 Max Leverage: 2x / Spot Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
5
Tru price prediction! Where is ok fix profit?Lets take a look on BINANCE:TRUUSDT Possible Targets and explanation idea ➡️W tf. 27 block like global accumulation zone ➡️Sooner or later we will reach M fvg and test full fill + 0.5 lvl fib ➡️On Money Power indicator you can see how whales withdraw initial deposit ➡️All local -20 or -30% sells you can see by TradeOn indicator on W ➡️Direction indicator showed us how long whales accumulate position Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
TRUE BREAK THE IMPORTANT TREND LEVEL --> UP $0,30 POSSIBILITYThanks for reading this update. True coin did break an important level, Our data shows that there is high interest for TRUE, which could break in the next time frames up $0,30, this based on the extra study we did on this coin. We will follow the true trend to see if it's able to break. Further study shows that this is a building coin. This is not trading advice and will stay our view and expecting for the coming time.
Long
by SatochiTrader
TRU/USDT Ready for an Explosive Journey? 👀🚀TRU Analysis💎Paradisers, let's take a closer look at #TRUUSDT, where the current trends indicate a viable opportunity for a bullish resurgence from its essential support zone. 💎A review of #TrueFi's latest market trajectory reveals a profound 79% reduction from its recent high. Yet, the determination at the support level of $0.04675 suggests a doorway to an upward movement. 💎Despite the hurdles in achieving new highs or surpassing previous records, which has led to a temporary bearish sentiment, the $0.04675 level is pivotal for #TRU. This juncture is on the cusp of initiating a notable bullish wave with a fresh evaluation. 💎As forward-thinking traders, we're perpetually prepared with an alternative plan. If #TRU dips further from this support, we're poised for a bullish comeback starting from the secondary support at $0.034. It's imperative to acknowledge, however, that crossing below this point could indicate a deeper bearish trend. 💎Maintain adaptability in your strategies and keen observation of market trends, Paradisers. Your ParadiseTeam is vigilantly watching, ready to guide you through these evolving market scenarios.
Long
by MyCryptoParadise_Simon
TrueFi TRU long medium-term trade #20Today our attention was drawn to TrueFi TRU. We think we understand the logic of the behavior of buyers and sellers in this asset. So, let's try to take a position for a medium-term trade on the following conditions: Entry: in the range of $0.034-0.0358 (the desired average price is $0.0349) Stop: $0.0318 (-8.88%) Take profit: $0.0628 (+80%) P/L ratio - 9/1 We allocate $5,000 for TRUUSDT trade, because the coin is highly volatile In the event of a mistake, we will lose $450 If the trade will be a success, we will receive a profit of $4000
Long
by P_S_trade
32
TRU/USDT 1D. Secondary trend. Local accumulation range.TrueFi/USDT 1D. Local and secondary trends. In the main trend - downtrend channel was formed. You can check this if move chart to the left in the main idea. This channel was broken up in winter 2023, when there was local pump on all crypto market. At that time, price pumped 360% to 0.13$ zone and from the the pullback has started. It formed quite an aggressive downtrend, which has been broken Jun 2023. After that falling wedge started to form. The support lvl was formed at 0.0323$, while the decline lasts for 232 days as for now, just an interesting point. Price formed the range with, as already mentioned, support at 0,0323$ and resistance at 0,0392$(14 - which is "balance"). Price has deviated this ranged locally - reaching the minimums of winter 2022-2023 - then turning back to the range. Now, the price is near the resistance zone locally. During all that secondary downtrend we've seen 2 volume spikes - 1 on Jun 1 2023, other on Aug 21. As for now the price is consolidating in quite a small range of 25%. It has also broken the resistance of the falling wedge locally. All the details are on chart. If market allows - locally we can reach the middleterm resistance zone, shown on chart. It's 0.0609$ to 0.0777$ zone. Very logical resistance in terms of numbers. It may happen only if we break and hold above 0.0392$ lvl zone(current range resistance). Everything is with accordance to the market tendency. Linear chart is for the clarity(no shadows of candles). Percent to the resistance zones are shown. There has been also the retest of the broken local falling wedge(on chart).
Long
by TradingTsar
#TRUUSDT's Potential Uptrend with Fibonacci Play💎Today's spotlight is on #TRUUSDT. The token has recently anchored its support at the $0.030 mark, aligning nearly perfectly with the 78.6% Fibonacci retracement level. Before this stabilization, #TRU sketched out a double bottom pattern. This pattern, followed by a surge past the local resistance, hints at a possible trend reversal. 💎 What does this mean for traders? The scales now seem to tip towards an upward correction. As long as the price stays comfortably above the double bottom region, specifically above the $0.026 trough, we can anticipate a robust upward pullback. 💎 On the resistance front, our eyes are set on another 78.6% Fibonacci retracement level at $0.037. This level intriguingly mirrors the downtrend trendline, making it a key point of interest. 💎 However, a word of caution: The MCP team remains vigilant about today's low, marked by the Fibonacci bounce. A descent below this point might cast shadows on the prospective upward correction.
Long
by MyCryptoParadise
TrueFi get ready for Lift off ?!!👀 TRU Today Analysis💎TrueFi is crafting a falling wedge pattern, hinting at a potential bullish reversal on the horizon. 💎 It's trading within a high demand zone, and the strong demand in this area further bolsters the potential for an upward move. 💎 analyze the falling wedge pattern and the high demand zone collectively, it suggests a bullish outlook for TRUUSDT. 💎 A successful breakout, accompanied by increasing volume, would validate the bullish scenario and potentially lead to further upward price movement. 💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
2
$TRU/USDT 3h (#Bybit) Descending channel breakoutTrueFi just regained 50MA support and seems about to push higher and recover, short-term. ⚡️⚡️ #TRU/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (3.0X) Amount: 4.7% Current Price: 0.08935 Entry Zone: 0.08805 - 0.08295 Take-Profit Targets: 1) 0.09990 2) 0.11075 3) 0.12160 Stop Targets: 1) 0.07345 Published By: @Zblaba $TRU #TRUUSDT #TrueFi #DeFi #TrustToken Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +50.5% | +88.6% | +126.7% Possible Loss= -42.3% Estimated Gaintime= 1-2 weeks
Long
by TradingOn
3