What is TrueFi (TRU)?
TrueFi is a decentralized lending platform for uncollateralized loans launched by TrustToken in 2020. In the span of two years, TrueFi has released two upgrades and surpassed $200 million in loans with no defaults.
How TrueFi (TRU) Works
In TrueFi, lenders deposit stablecoins such as TUSD and USDT into the platform to earn rewards, a part of which is paid in TRU tokens. The borrowers need to be reviewed and whitelisted by TRU stakers before being able to request loans from the protocol. To take out loans, their lending requests have to be approved by TRU stakers. If TRU stakers vote yes on a lender whose loan is defaulted, up to 10% of their TRU tokens can be liquidated to protect lenders. The borrowers who fail to repay their debts on time will have to face punishments.
As can be seen, TRU token plays a very active role in the protocol. It is used for both governance and utility. TRU can be earned as a lender or a TRU staker.
How Many TrueFi (TRU) Tokens Are in Circulation?
TRU has a total supply of 1,450,000,000. The circulating supply is 978,168,958.
How to Buy TrueFi (TRU)
Consider investing in TrueFi (TRU)? It only takes 2 minutes to create an account on Bitget and start trading TRU.
Check out the available TRU trading pairs on Bitget!
Spot market
TrueFi (TRU) Resources
Simple 3-step guide to buying TRU today in Bulgaria
Create your free Bitget account
Select a funding method
Complete your TrueFi purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for TrueFi using a payment method of your choice:
Buy TrueFi with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your TrueFi order.
How to buy crypto with credit/debit cardBuy TrueFi with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into TrueFi is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your TrueFi order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your TrueFi order.Buy TrueFi with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your TrueFi order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor TrueFi in your Bitget spot wallet
Bitget—where the world trades TrueFi
How to buy TrueFi for free
- Learn how to earn TrueFi for free through the Learn2Earn promotion
- Earn free TrueFi by inviting friends to join Bitget's Assist2Earn promotion
- Receive free TrueFi airdrops by joining On-going challenges and promotions
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FAQ
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