2024-04-03 05:17:11
Introducing TruflationBacked by Coinbase and Chainlink, Truflation is a leading DRPp (definite reference point protocol) for economic truth that is powering the tokenization of RWAs with it’s independent, transparent, and real-time financial data. Truflation’s censorship-resistant and accessible data indexes — tracking >18 million items — provide the necessary data infrastructure to make 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.
Traction:
- 500k+ monthly visitors achieved tracking inflation dashboards.
- Over 10 traditional finance customers onboarded for complete data access through API.
- Over 140 developers building on top of Truflation Stream Network,
- Upcoming DeFi protocols building on economic data including Overlay, Ostium, Fortunity, Lendr, Nuon, Frax FPI, Perennial and Helix.
- Integrated in Ethereum, Fraxtal (Frax), Arbitrum, Base, Injective, BNB chain, Polygon, Avalanche, Fantom and aggresively expanding.
Technology key highlights:
- Truflation Stream Network (TSN) is a PoS Application-specific blockchain.
- TSN uses CometBFT as consensus engine (BFT consensus, Tendermint-based)
- TSN is capable of SQL-based data composability,
- TSN is designed to achieve real-time and batch data ingestion, real-time data distribution, data composability, and verification of the aforementioned processes.
- TSN is available and synchronized with Layer 1s and L2s.
$TRUF Token Utility-
Node operators: The node operator ensures availability of the data by maintaining the necessary infrastructure, ensuring data integrity through consensus, and updating the TSN software stack.
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Data consumers: Defi, TradFi and B2B customers pay for Truflation data streams using TRUF tokens. Stablecoin payments can be automatically converted to TRUF to enter the network.
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Governance Staking: users can lock their TRUF and to receive veTRUF tokens, which grant holders voting rights in the Governance decisions related to token distributions and rewards, data category selections, market strategies, and much more.
Investors: Coinbase Ventures, Chainlink Labs, Balaji Srinivasan, C² Ventures, Fundamental Labs, Red Beard Ventures, Laser Digital, Israeli Blockchain Association, Cogitent Ventures, Impossible Finance, Abra, G20, Black Dragon and others.
Key players in the oracle space: - Chainlink (11.5B Mcap, 19B FDV) - [Chainlink has invested in Truflation]
- Pyth (1.45B+ mcap, 9B FDV)
- Band (312M mcap, 322M FDV)
- Redstone (Raised 7M)
- Supra (Raised 24M Sept. 2023)
Public round details: - Token price: $0.075 (75M FDV)
- Initial Market Cap: approx. 7.1 M
- Vesting: 25% TGE + 3 months linear vesting
- Sale venue: Impossible Finance
- Target IDO date: April 4th
- Target listing: 1/2 weeks after IDO.
Learn more about the ido : https://blog.impossible.finance/the-impossible-finance-ido-23-truflation/
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