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TRU

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
TRUUSDT Breakout - Strong Momentum Ahead!!BINANCE:TRUUSDT has successfully broken out of resistance after multiple retests of support, signaling a strong bullish trend. Currently trading above the EMA 100, this breakout is backed by impressive volume, indicating solid buying interest. With the technical indicators aligned, we anticipate significant upward movement in the near future. As always, remember to manage your risk effectively by placing stop-loss orders to protect your position. BINANCE:TRUUSDT Currently trading at $0.086 Buy level: Above $0.086 Stop loss: Below $0.079 TP1: $0.92 TP2: $0.097 TP3: $0.1 TP4: $0.12 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
#TRU/USDT#TRU The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern and was broken to the upside. We have a bounce from a major support area in green at 0.0900 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward. Entry price is 0.1250 The first target is 0.1800 The second target is 0.2100 The third goal is 0.2472
Long
by CryptoAnalystSignal
TRU buy setupConsidering the bearish CH and the liquidity pool at the bottom of the chart, it seems that TRU intends to move towards the specified POI. It can be rejected upwards while maintaining the POI range Closing a daily candle below the invalidation level will violate this analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
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 is a bombThe TRU has formed a large diametric and we are now in a G wave, but it looks like the G wave will end soon. If the price pullback towards the green box, we will enter a buy/long position. Targets are marked on the chart Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
2
TRUUSDT.1DHere's a technical analysis of the TRU/USDT chart on a daily timeframe: Ichimoku Cloud: The price is currently above the Ichimoku Cloud, which is typically a bullish signal. The Cloud may act as support for future price movements. Resistance Level (R1): The chart indicates a resistance level at R1, which is just above the current price. If the price can break through this level, it may continue to ascend towards higher resistance levels. RSI (Relative Strength Index): The RSI is at a high level, close to 76, which is typically considered overbought. This suggests that the asset might be due for a pullback or consolidation in the near future. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line and the histogram is positive, indicating bullish momentum. However, it's important to watch for any potential crossover below the signal line, which could signal a shift to bearish momentum. SVP (Stop Volume Profile): The SVP indicator on the left side of the chart suggests there are areas of significant trading volume at certain price levels, which can act as potential support or resistance zones. Conclusion: The overall sentiment from this chart seems to be bullish in the short term, with the price above the Ichimoku Cloud and indicators like the MACD confirming the momentum. However, the RSI being overbought calls for caution. As a trader, I'd consider the possibility of taking profits at R1 or looking for a breakout above it for further upside. Given the overbought RSI, setting a tight stop loss would be prudent to protect against a potential reversal. As always, this analysis should be combined with other market information and news updates for a comprehensive trading strategy.
by MarsSignals
TRUEBIT (Y24.P1.Video1).What is the macro pictureHi Traders, I have done a number of videos on #Truebit #TRU #crypto and this one is looking for the macro target and why its justified. We use fibonacci, formations and wyckoff methodology to ascertain or justify our forecasts. We have 2 models, we don't know which one is likely to play out, 1 model has not so grand targets and the other does. It really depends on what the crypto market does in the coming year. Anyway, this video would be a great tool to look back at and take some lessons from it for future trading forecasts. All the best, S.SAri
by ssari
TRU - Break Time for TRU and SHORT time for us#TRU/USDT #Analysis Description --------------------------------------------------------------- + TRU appears poised to break its long-standing trend and move towards its next support level. + I'm identifying a favorable opportunity to enter a short trade. + It's important to note that executing a short trade in a bullish market carries inherent risks, necessitating the implementation of a stop-loss strategy. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price:0.06792 (after breakout) Stop Loss: 0.07 428 ------------------------------ Target 1: 0.06589 Target 2: 0.06325 Target 3: 0.05958 Target 4: 0.05636 ------------------------------ Timeframe: 4H Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
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
TRUWORTHS INT (TRU)TRUWORTHS - The current price is now testing the lower trend line within a broadening wedge pattern. Anticipating potential support at the trend line; however, a break below it might signal a significant decline, offering a potential short play. It's worth noting that in the 50 days leading up to the past six earnings release dates, there has been an average upward movement of over 20% following a period of downward price movement. Considering the current testing of the lower trend line, it could serve as support for another upward trend.
JSE:TRU
by MarketMeistersTrading
TRU/USDT bullish horizons from demand? 👀🚀TRU Today Analysis💎 Paradisers, take note of the current dynamics in #TRUUSDT, indicating a setup for a bullish journey from its emerging demand zone. 💎 #TRU has recently undergone a notable pattern, where it swept liquidity above a resistance level before taking a downturn. Currently, having breached the support at $0.04937, we're eyeing a bullish momentum initiating from the lower demand zone at $0.04622. Should the price respect this zone and maintain a strong upward momentum, we anticipate a vigorous bullish move targeting higher resistance levels. 💎 In the constantly evolving landscape of cryptocurrency trading, flexibility and readiness for diverse market scenarios are crucial for #TRU traders. If the asset faces difficulty in sustaining its position at the current demand level, adapting our strategy to anticipate a bullish surge from a deeper support level at $0.04138 might be wise. 💎 Importantly, a descent below this support could signal a need for a strategic pivot, suggesting potential challenges in maintaining a bullish trajectory in the #TRU market.
Long
by MyCryptoParadise_Simon
3
BINANCE:TRU/USDT - Did you miss this triangle breakout ?------------------------------------------------------------------------------------------ Description ------------------------------------------------------------------------------------------ + A perfect triangle pattern formed for TRU/USDT + Upward breakout of the price confirmed after multiple rejection around the resistance line + Overall price is trending bullish and this is a good opportunity to enter a LONG trade. + This is a trade with tight stoploss, so be careful. ------------------------------------------------------------------------------------------ Signal ------------------------------ VectorAlgo Trade Details ------------------------------ Entry Price: 0.05847 Stop Loss: 0.05615 ------------------------------ Targets 1: 0.05950 Targets 2: 0.06350 Targets 3: 0.06555 Targets 4: 0.06758 ------------------------------ Timeframe: Capital: 1-2% of trading capital Leverage: 5-10x ------------------------------------------------------------------------------------------ Note: Don't forget to keep the stop-loss. ------------------------------------------------------------------------------------------ Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards
Long
by VectorAlgo
TRU/USDT bullish ride? 👀 🚀 TRU Today analysis💎 Paradisers, gear up to delve into TRUUSDT as it showcases a captivating trajectory within the demand zone, hinting at a heightened likelihood of an upward trend. 💎 Following its recent breakout from the descending channel trendline, TRU is poised with the potential to approach the supply level at .03760. 💎 The VRVP's diminished volume at this juncture suggests a probable continuation of the bullish trend from the demand zone at .03460, where a surge in volume indicates a potential pivot in momentum. 💎 On the flip side, should the price descend below the demand zone, the scales tip towards increased chances of a bearish shift. Stay attuned to these evolving dynamics!
Long
by MyCryptoParadise_Simon
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