How to buy TrueFi from Bitget

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

TRUUSDT

 

TrueFi (TRU) Resources

Official Website

Official Litepaper

Official Blog

 

Bitget: Where The World Trades TrueFi

Fast

Bitget’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.

Simple

Trading crypto on Bitget is easy and intuitive. You only need a few steps to buy TrueFi instantly.

Secure & Trusted

Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.

Liquid

Bitget is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.

How to buy TrueFi from Bitget

What to Do After I Buy TrueFi

Store/Hold TrueFi

Many users hold on to their TrueFi with the expectation of it increasing in value. You can store your TRU safely on your Bitget account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.

Trade TrueFi

You can trade TrueFi for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for TrueFi trading to meet your needs.

Send TrueFi

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy TrueFi online and send to anyone and anywhere with their TrueFi address.

Spend TrueFi

You can also buy goods and services with your TrueFi. More and more vendors and retailers accept TrueFi every day.

Donate TrueFi

Bitget Charity accepts TrueFi donations for global projects that aim to improve the lives of people in the bottom billion. You can donate TrueFi so no one misses out on the growth made possible by blockchain.

Learn More About TrueFi

You can read more in-depth articles on TrueFi from Bitget Research and study how cryptocurrencies like TrueFi work on Bitget Academy

Buy and Sell TRU on the Move

Download the Bitget crypto trading app and trade your TRU plus 150+ cryptocurrencies, anytime and anywhere.

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(!) Cryptocurrency investment activities, including actions done to buy TrueFi online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy TrueFi instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your TrueFi purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.