Welcome devs! No price talk allowed in here. FAQ: https://medium.com/truebit/post-launch-faq-8a49c421b3b7
May 19 2021 21:02
User @cryptoartsy unbanned @naregkhodanian
May 19 2021 21:01
@cryptoartsy banned @johnmellow11
May 19 2021 21:00
@cryptoartsy banned @naregkhodanian
the tech around gas optimizations is very very important for Ethereum Polkadot and more
also the technical analysis trading set up is one of the best cup and handle set ups i have ever seen in my 50 year career
I have a huge bag of TRU and not selling any until $26
The Truebit community is also very alive
I am very very bullish on this project
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
I will be so excited to trade TRU on Upbit Exchange. TRU is coming to Korea~!!!
A listing on Upbit will be very good for the TRU
can we just post hourly links to github and and gitlab get links to homebrew posted for mac users so the general public asking about price action can actually learn about the underlying developing involved in this awesome layer 2 project.
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 :)
Has anyone been able to confirm that the OS mint/retirement to ETH ratios increase over time or are they fixed? If they increase, what drives them up and at what rate (seems the assumption is tasks will drive the ratios higher)?
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.
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.
The price has already started going up from the Upbit listing later
Hey guys. I ve noticed that the truebit listed on MXC is in assessment zone for 10 days already. What that means is that the tru tokens held there will become invalid after another 50 days (assessment zone is 60 days).
My question is, where do you guys recommend withdrawing the tokens from MXC? What are some wallets you guys are using for the token?
@/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