TRUF Token FAQ: Powering Permissionless Access to Financial Data

You've got questions, Truflation has answers.

Here are some basic TRUF (rhymes with 'roof') token fundamentals (more detail to follow in future posts).

What is the TRUF Token and what will it be used for?

The TRUF token governs and secures the Truflation protocol and rewards its users for their participation. TRUF is ready for immediate integration with third-party exchanges and wallets.

The TRUF token sits at the heart of the TSN protocol and offers holders governance rights via a staking/locking capability. TRUF is compliant with the ERC-677 specification, allowing for immediate integration with third-party exchanges and wallets. It’s also backward compatible with the ERC-20 token standard and boasts a few additional benefits. 

How many TRUF Tokens are there?

At launch, the TRUF token supply will be limited to one billion (1,000,000,000) TRUF with initial allocations as follows:

What can you do with the TRUF Token?

Holders of the TRUF token can participate in the governance of the protocol by staking and locking their tokens and receiving vested TRUF (veTRUF) in return. The longer tokens are staked, the higher the protocol rewards.

Ve tokens grant holders voting rights on various protocol activities, including methodology changes, and are awarded a portion of the protocol fees for their active participation. The primary directions where the community plans to allocate funds are:

1. Development - Engineering, design and maintenance of the architecture and user interface
2. Bug bounty program - Individuals or companies will be rewarded for discovering and providing solutions for bugs 
3. Protocol development - Facilitating the most broad and diverse list of data providers
4. Bootstrap data streams - New geographical preferences and vertical data streams

What is the TRUF emissions schedule?

The TRUF emissions schedule is as follows:

The TRUF Treasury will be managed and led by the community and governance token holders. The Treasury’s funds and rewards are then distributed to the data providers and node operators through the ‘Rewards Contract.’ 

We’re thrilled to be bringing TRUF and TSN to our loyal community and can’t wait to hear your feedback. Feel free to reach out to us with any questions, and welcome to the future of decentralized data (info@truflation.com)!

Want to join the data revolution? Explore Truflation’s indexes and data feeds!