This asset is available through Rain Management W.L.L. and Rain Trading Limited

TrueFi

⁦AED⁩0.003257
+3.66%⁦+AED 0.000115⁩
0.003
0.003

About TrueFi

TrueFi is a DeFi credit protocol that facilitates uncollateralized loans. Since its launch in 2020 it has offered fixed-term, zero collateral loans exclusively to institutional borrowers. It offers an alternative to the collateralized and over-collateralized lending markets in DeFi. This works is because the loans are approved using on-chain credit scores. TRU is the native token and is an ERC-20 token on the Ethereum blockchain. In the protocol, it is used for governance by holders of the TRU token. Holders stake TRU to approve or reject new loans as a governance vote in the TrueFi protocol.

Weekly trend

In the last hour, TrueFi's price has seen a change of +3.91%, and over the past 24 hours, its price has moved by +2.77%. Over the previous week, TrueFi's price has moved by +6.66%. The current price of TrueFi is ⁦AED 0.003257⁩, accompanied by a trading volume of 32.69k in the last day. TrueFi's price is currently 99.91% below its all-time high of ⁦AED 3.8096⁩, which remains the highest price TrueFi has achieved since its launch. The circulating supply of TrueFi stands at 1.244B, translating to a total market capitalization of 4.050M.

Market stats

4.050M
aed
Market cap
32.69k
aed
-58.03%
Volume (24h)
1.244B
tru
+85.76%
Circulating Supply
4.723M
aed
Fully diluted market cap
3.8096
aed
All time high
+3.91%
Price change (1H)
+2.77%
Price change (24h)
+6.66%
Price change (7d)
#695
Popularity

Frequently asked questions

How to invest in TrueFi?

Rain offers you a number of ways to start investing in TrueFi, including buying TrueFi through bank transfers or by using your bank card. To purchase TrueFi on Rain, you can select TrueFi in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.

How to buy TrueFi with card?

Once you add your bank card to your Rain account, you can use it to buy TrueFi directly. You can start by adding your card to your payment options on your Rain account. To purchase TrueFi using your bank card, you can select TrueFi, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.

note: The purchase option with debit or credit card is not available for our users in Turkey

How to buy TrueFi through bank deposit?

Rain enables you to buy TrueFi using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.

Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing TrueFi. To do that, you can select TrueFi in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.

How to sell TrueFi?

This is an easy process that requires only a few clicks. Here are the steps needed to sell TrueFi successfully:

On your Rain account, select TrueFi then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.

How to convert TrueFi into cash?

Rain gives you the opportunity to sell TrueFi and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.

Once your bank account is added, you can sell TrueFi and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.

Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.

How to receive TrueFi?

If you would like to receive TrueFi in your Rain account, simply click on Receive and select TrueFi from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.

Make sure that you are using the correct network when receiving TrueFi to avoid possible loss of funds.

How to send TrueFi?

You can easily send your TrueFi from your Rain account to any external wallet by clicking on Send and selecting TrueFi from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.

What is the market cap of TrueFi?

With a market capitalization of 4.050M, TrueFi is ranked 695 among other crypto assets.

What is the all-time high of TrueFi?

The highest valuation of TrueFi since its launch was at ⁦AED 3.8096⁩, marking its all-time high.

What is the 24-hour trading volume of TrueFi?

The trading activity of TrueFi over the last 24 hours was at 32.69k, highlighting its liquidity in the market.

How many TrueFi are there in circulation?

There are approximately 1.244B units of TrueFi currently in circulation, affecting its market dynamics.

What is the relative popularity of TrueFi?

TrueFi market cap is around 4.050M.