What is the total circulation of TrueFi (TRU) coins?

With a total supply of 1,456,322,850 TRU, TrueFi's circulating supply of 419,996,199 TRU (as of June 1, 2023) plays a crucial role in assessing its market dynamics and value proposition, empowering stakeholders with governance and utility functions within the protocol.

Dec 08, 2024 at 08:51 am

TrueFi (TRU) Coin: Total Circulation and Key Details

TrueFi (TRU) is an ERC-20 token that serves as the backbone of the TrueFi lending platform. It empowers stakeholders with various governance and utility functions within the protocol. Understanding the total circulation of TRU is essential for assessing its market dynamics and overall value proposition.

Total Circulation of TrueFi (TRU) Coins

• Total Supply: 1,456,322,850 TRU
• Circulating Supply: 419,996,199 TRU (as of June 1, 2023)

Key Details of TrueFi (TRU)

1. Governance: Holders of TRU tokens have the power to participate in the governance of the TrueFi protocol. They can vote on proposals related to platform developments, risk parameters, and ecosystem fund allocation.

2. Trustless Borrowing and Lending: TRU serves as the primary settlement asset for loan pools on the TrueFi platform. Lenders deposit TRU into pools, while borrowers access capital by pledging collateral. The use of TRU ensures trustless and efficient transactions.

3. Staking Rewards: TRU holders can stake their tokens to earn rewards. Staking contributes to the security of the platform and allows TRU holders to earn a passive income.

4. Protocol Fees: A portion of the fees generated by the TrueFi lending platform is directed to TRU holders. This mechanism creates a sustainable revenue stream and incentivizes long-term participation in the ecosystem.

5. Ecosystem Fund: TrueFi maintains an ecosystem fund that supports the growth and development of the protocol. TRU holders have a say in the allocation of these funds, fostering innovation and community involvement.

Factors Influencing TrueFi (TRU) Circulation

• Token Releases: The TrueFi team periodically releases tokens into circulation according to a pre-defined schedule. These releases contribute to the overall supply of TRU.
• Trading Activity: TRU tokens are actively traded on various cryptocurrency exchanges. Trading activity can influence the circulating supply, depending on whether more tokens are being bought or sold.
• Staking and Unstaking: Staking and unstaking TRU can impact the circulating supply. When holders stake their tokens, they are removed from circulation, reducing the overall supply. Conversely, unstaking tokens adds to the circulating supply.

Conclusion

TrueFi (TRU) is a multi-faceted token with a total supply of 1,456,322,850 TRU. The circulating supply is currently 419,996,199 TRU, which is influenced by various factors such as token releases, trading activity, and staking dynamics. As the TrueFi ecosystem continues to evolve, the total circulation and utility of TRU are likely to play a significant role in shaping its market value and long-term success.