Buy Truflation (TRUF)

What is Truflation?

Truflation is a decentralised financial data service offering real-time economic and inflation data. It is supported by prominent entities like Coinbase and Chainlink, which underscores its credibility and reliable infrastructure.

How does Truflation work?

Truflation operates on a blockchain oracle system, providing accurate economic data about inflation. It employs a decentralised, consensus-driven database to gather and process real-world economic information, using the Truflation Stream Network (TSN) to integrate this data with blockchain networks through Chainlink’s oracle infrastructure. The TSN utilises a Byzantine Fault Tolerance (BFT) consensus mechanism to ensure data reliability and integrates its feeds with smart contracts on platforms like Ethereum and Avalanche.

What are the potential use cases for Truflation?

Truflation serves multiple use cases, primarily within the DeFi space. It supports the tokenisation of real-world assets by providing real-time data for creating tokenized futures and commodities and offers various economic indexes. The platform enhances transparency with decentralised data infrastructure, allowing for governance participation via TRUF tokens.

What is the history of Truflation?

Founded in December 2021 by Stefan Rust, Truflation aims to provide real-time, unbiased economic data. Significant milestones include launching the US CPI index, various strategic partnerships, and integrating Insurify’s auto insurance data. Its technological evolution, manifested in the Truflation Stream Network, solidifies its position as a reputable provider of financial data within the Web3 ecosystem.