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!
Truefi
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
TRUUSDT(TrueFi) Daily tf Range Updated till 10-06-24TRUUSDT(TrueFi) Daily timeframe range. another alt doing pretty well while market is down. trying to break out of 0.24465 if volume can keep up its possible. if we get a valid close above 0.24465 than till 0.31015 is open. local support is at 0.18236.
$TRU 5X TRADE | Truefi +537% Cup and Handle PatternTruefi has had extremely bullish price action recently and is currently forming a multi-month cup and Handle pattern.
The pattern has been confirmed with the price retesting the neckline after forming a downward handle. A complete breakout would send us back to 2022 ATHs, which would be ~$1.14 and would be a 5X gain from current prices (~527%).
Set appropriate stop losses and DYOR, good luck!
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.
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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.
TRUE NEW INCREASE VOLUMETRUE shows a new increase in volume, which could be confirmed in the coming time frames.
We will follow the coin to see if it's able to confirm.
The reason for the volume is the trend data that this coin shows.
This coin is at basic choice on daily trends.
True can show in the coming time frames interesting targets.
Building coins can take some time before action.
#TRU/USDT#TRU
The price broke the descending triangle upward
Drawing support from the green support area
We have support from the RSI indicator
We have a higher stability of Moving Average 100 that supports the rise
Entry price is 0.05600
The first target is 0.06300
The second target is 0.06853
The third goal is 0.07532
TRUUSDT(TrueFi) Bullish Bias UpdateSo based on the chart, the wave count show us that we are still in a wave 1 cycle, currently just completed wave 4 correction cycle, now expecting wave 5 cycle from the current price up to complete wave 5 of wave 1 then a correction from those Highs to create new lows wave 2 will be expected.
this might be a 10X gem..
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.
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 $4000
Trade signal | TrueFi (TRU) is ready for the next pumpHi dear friends, hope you are well and welcome to the new trade signal of TrueFi (TRU) with US Dollar pair.
Recently we caught almost 71% pump of TRU as below:
Now on a 4-hr time frame, TRU has formed a bullish Cypher for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
TRU/USDT 1D. Secondary trend. Local accumulation range.TrueFi/USDT 1D. Local and secondary trends.
In the main trend - downtrend channel was formed. You can check this if move chart to the left in the main idea.
This channel was broken up in winter 2023, when there was local pump on all crypto market.
At that time, price pumped 360% to 0.13$ 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).
#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.
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!
TrueFi (TRU) formed bullish Gartley for upto 127% moveHi dear friends, hope you are well and welcome to the new update on TrueFi (TRU) with US Dollar pair.
Previously we caught a nice pump of TRU as below:
Now On a 4-hr time frame, Tru has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
$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
TRU's most significant bullish spikeTrueFi (TRU) is trading at 0.1195 with an RSI of 60.76, indicating it is now neutral. TRU's 4-hour timeframe shows a Fibonacci level of 0.0780 at the lower and 0.1158 at the higher end. The upper Bollinger band for the same timeframe is 0.1319, and the lower Bollinger band is 0.0682, with a middle band of 0.1001. The volume oscillator is currently at 11.55%, while the MACD is 0.0107, and the stochastic oscillators show D% at 84 and K% at 65.
During its downward trend, TRU experienced a strong price increase in the last 24 hours, finding strong support in the range of 0.0230 to 0.0270 dollars. This increase in demand has pushed the price towards an important resistance level in the range of $0.1385 to $0.1580, which has previously caused a 50% negative reaction but has also been the starting point for TRU's most significant bullish spike.
TRU is in a neutral state and has experienced a strong price increase in the last 24 hours. The support from buyers indicates positive sentiment towards the asset, but the resistance level it is approaching is significant and has previously caused negative reactions. As such, it will be important to monitor how TRU reacts to this resistance level in the coming days and whether it can break through it to reach higher prices.
$TRU looks nice
Feb 25
Documented bought trailer position of #TRUEFI @ 516 BUT largest buy of $TRU was @ 405
Sold around 1200
Buying half of sell here, like the 4hr
(sell portion @ 73, if pulls back, keep trading portion)
Daily see Bull Flag? TEXTBOOK
#defi #yield #crypto #altcoin
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TODAY
$TRU pulls back to the red Moving Avg will rebuy small portion sold @ 73
Buy volume pretty decent here
Other limits still out there
#DEFI #yield #crypto #altcoins #TrueFi