What is TRU

1. Project Introduction
TrueFi (TRU) is an on-chain lending marketplace platform that allows almost any portfolio manager to launch financial products. Users include portfolio managers, borrowers, lenders, and TRU token holders. TrueFi’s unique advantage lies in its offering of unsecured loans to borrowers and enabling financial institutions to design and launch tailored investment opportunities. It provides steady loan yields and diversified financing options.
Summary: As a leading unsecured lending protocol, TrueFi addresses key issues in traditional lending by speeding up capital transfers, reducing overhead costs, and offering on-chain liquidity.
2. Team & Investment Info
TrueFi is operated by Archblock (formerly TrustToken). TrustToken was founded by Rafael Cosman, a Stanford University graduate with extensive experience in finance and investment. He stepped down from TrustToken in 2023. Maciej Gołaszewski is currently listed as a core team member according to LinkedIn.
Funding: TrustToken raised $20M in 2018 from notable investors like a16z crypto, BlockTower Capital, Danhua Capital, Jump Capital, ZhenFund, and GGV Capital. It also raised $8M via CoinList in August 2018 and secured an additional $12.5M in 2021 from a16z, BlockTower, and Alameda Research.
3. Social Media URLs
X: https://x.com/TrueFiDAO
Telegram: https://t.me/jointruefi
Discord: https://discord.com/invite/3tMyMqyqDj
4. Token Info
Token Symbol: TRU
Total Supply: 1,450,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0x4c19596f5aaff459fa38b0f7ed92f11ae6543784
Token Distribution:
Community: 39%
Token Sale: 26.75%, locked for 2 years, then unlocked quarterly.
Team & Company: 29.5%, team tokens locked for 2 years and unlocked quarterly, company tokens unlocked 1/3 initially, the remaining part unlocked in 2021 and 2022 respectively.
5. Related Links
Official Website: https://truefi.io/
LinkedIn: https://www.linkedin.com/company/trusttoken/people/
GitHub: https://github.com/trusttoken/truefi-spec
Other Info: https://www.trusttoken.com/