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.
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.
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.
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.
The Truflation price is $0.08299391 AUD, representing a -5% from the day prior.
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The trading volume of Truflation (TRUF) is $297.4K AUD in the last 24hrs, representing a -5% from the day prior.
Truflation (TRUF) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of Truflation (TRUF) is $19.2M AUD.
Yes - With Coinstash you can convert your Truflation (TRUF) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
The current circulating supply of Truflation (TRUF) is 234.1M.
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