TrueFi’s TRU Token Trading on Binance, FTX, Uniswap and Sushiswap

TrueFiTwo months since launch, TRU is live across many of the world’s biggest centralized & decentralized exchanges

SAN FRANCISCO, CA / January 31, 2021 / Since its launch on November 22nd, 2020, the uncollateralized lending platform TrueFi has facilitated $46 million in loans to respected institutional borrowers like Alameda Research, Wintermute Trading, and Invictus Capital, and generated over $100,000 in returns for stablecoin lenders. At the same time, the native token TRU has earned the attention of the most respected global exchanges, resulting in major listings on centralized exchanges like Binance and FTX, as well as substantial liquidity in decentralized exchanges like Uniswap and Sushiswap — all in under 60 days.

With substantial borrower interest, competitive yields available to lenders, plans for increased TRU utility, a growing Total Value Locked and a robust roadmap for 2021, TrueFi is continuing to work towards becoming the definitive protocol for on-chain uncollateralized lending.

What is TRU, the native TrueFi token?

While it’s easy to learn about TrueFi as it works today, the TRU token continues to develop in its usage across TrueFi and its benefit to its users. Currently, TRU is integral to the completion of loans on TrueFi, necessitating holders stake their TRU to vote “yes” or “no” on incoming loans. This process benefits voters who made the right decision on a loan upside in the form of additional TRU tokens.

By the next TrueFi protocol milestone, formal on-chain governance will require TRU to participate in major protocol decisions like adjusting loan terms or adding new currencies to the TrueFi lending pool. A new staking mechanism will increase TRU utilization, freeing up more TRU to participate in loan assessment and governance alike.

Finally, after a major update to the current TrueFi credit model is complete, TRU holders may also enjoy a share of the TrueFi loan origination fee (paid by borrowers) on top of the TRU rewards they stand to gain from voting on loans.

Together, these planned upgrades will make TRU even more robust, improving both its utilization and means of creating value.

Learn more about TRU and monitor its activity on Coingecko or CoinMarketCap.

How to Buy and Sell TRU

As of writing, TRU is available on a number of centralized and decentralized cryptocurrency exchanges. Buyers will need another cryptocurrency with which to purchase TRU, such as Bitcoin, Ethereum, or Tether.

TRU on Binance

Binance is the world’s largest centralized cryptocurrency exchange. TRU is currently trading on Binance in the following pairs: TRU/BTC, TRU/USDT, and TRU/BUSD.

TRU on FTX

FTX is a top crypto derivatives exchange, popular for its futures and leveraged trading. FTX offers TRU/USD and TRU/USDT pairs, as well as TRU futures in the form of a TRU Perpetual Futures and TRU Fixed Term Futures, allowing traders to take a position on the future price of TRU.

TRU on Uniswap

Uniswap is the world’s largest decentralized exchange, relying on automated market-making (AMM) to offer liquidity, versus centralized orderbooks. Traders with a self-custody wallet like Metamask or Ledger can trade almost any ERC-20 token for TRU, routing through TRU/ETH.

TRU on Sushiswap

Sushiswap is a fast-growing decentralized exchange offering standard token swaps powered by an AMM, with additional LP incentives as well as value-add services derived from a deep integration into the Yearn DeFi ecosystem. Trades to and from TRU route through the TRU/ETH pair.

TRU on Other Centralized Exchanges

TRU is also being supported by Poloniex (TRU/USDT & TRU/BTC), Gate.io (TRU/ETH & TRU/USDT), MXC (variety of pairs and incentives), and many more.

Media Contact

Michael Gasiorek, Head of Growth at TrustToken

michael.g@trusttoken.com

The post TrueFi’s TRU Token Trading on Binance, FTX, Uniswap and Sushiswap appeared first on Crypto Shib.

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