Welcome to the Truebit Protocol Developer Community. Let's build! No price talk allowed in here. Enjoy
TRU can easily hit $25 with the Yearn integration
Also listing on Huobi and Upbit
Upbit causes pumps
So it is big news that Upbit exchange is listing TRU
A listing on Upbit will be very good for the TRU
I would actually love to see some project demos! I'm mostly interested in price but the tech is killer and I'd love to be able to understand it better :)
My understanding is that the mint price is generated internally by the OS on a bonding curve such that each 1000 tokens is more expensive to mint than the last (not sure by how much exactly). When the market price breaches the mint price, arbitrage between the market and OS price will "flatten the curve" on price increases. The retire price is always 12.5% of the mint price. There is an assumption that task solving and verifying will involve burning tokens somehow, but I currently have no information on that, waiting for the blog post.
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that's a possibility, but both of the prices are based in ethereum, the USD price will fluctuate. I beleive it's mostly so developers using the platform can accurately estimate a cost basis range based on the current mint/retire price for a given task, and that if the market picks it up, will be able to adjust that range accordingly as the change should progress over time rather than drastically increasing or decreasing costs if the coin decides to moon or dump. This is all speculation on my part though.
how do i go about buying some tru?
@H0ii you can buy on Uniswap here
Rumor is it is listing on Upbit very soon
Upbit is known for causing pumps
The price has already started going up from the Upbit listing later
wowwww
Again
My question is, where do you guys recommend withdrawing the tokens from MXC? What are some wallets you guys are using for the token?
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@/all What a week since Truebit launched onto Ethereum mainnet! New users, development teams, and researchers are already hard at work building something special. The energy is real. Along the way, you’ve asked some questions. We wrote some answers: https://medium.com/truebit/post-launch-faq-8a49c421b3b7
Hey dudes! There is a governance proposal to list $TRU on a new crosschain DEX called Demex (developed by Switcheo team). The DEX is an AMM+orderbook hybrid running on a dPOS sidechain called Tradehub. Check it out!
https://forum.switcheo.foundation/topic/72/proposal-to-list-truebit
https://forum.switcheo.foundation/topic/72/proposal-to-list-truebit
It should allow $TRU to be traded cheaply and trustlessly from your metamasks, ledgers, whatever...
The exchange supports ethereum, BSC and Neo for now with Cosmos and Ziliqa relays coming real soon also
And just to add, there will probably be some incentives for providing liquidity for the $TRU pair in form of $SWTH yield, you can check it all out on: https://app.dem.exchange/
I'm unsure how it's calculated, you may be able to find the information you're looking for in the whitepaper at truebit.io
@H0ii The Truebit OS repo is invite-only. Please email us at devs@truebit.io with your intended or potential use case(s), and our team will follow up.
I have a verifier set up, need to put in an incentive deposit. But it looks like right now there's no activity
All of the task and contract activity recently on görli is from me lol.
This one of the best video on TRU tokenomics
