Why TruDefi?
In traditional banking and finance:
The person takes on the risk of lending their savings to banks. Most banks use fractional-reserve banking, which means if someone deposits $100, the bank can lend out $90 and only has to keep $10 of it on hand at any time. Much of this is invested in complicated financial instruments that may be highly exposed to credit insolvencies, as the 2008 crisis showed.
The individual’s buying power declines by default. Fiat money stored in banks is tied to the monetary system, which can be devalued by inflation and currency debasement. So as an individual are gaining something? Is my bank working for me, or am I working for my bank?
Banks are no longer the only player in the financial industry, as decentralised finance builds authority and gains mainstream adoption.
In decentralised TruDefi Ecosystem:
- Trudefi is Finance as a Service without a CEO. With Trudefi, lenders will have control over whom to lend. Lenders will also enjoy a high annual percentage yield (APY) as there are no middlemen. While Borrowers need not worry about the cost and time taken for sanctioning loans.
- Also, with blockchain, everything is on the public ledger. Every penny moved is visible to everyone. No Hidden thefts. Very Flexible. Very Simple.
- As we know, decentralised finance will replace the traditional bank in the future, And the future is now with Trudefi. Our vision is to remove barriers and allow a global community to borrow and lend without relying on a third party.
TruDeFi will make that happen
Binance Smart Chain (BSC)
TruDefi is built on Binance Smart Chain (BSC) to create a fast, low-cost user experience and capture a rapidly growing community migrating to BSC from Ethereum. However, BSC is only the beginning. We will expand to other chains through multi-chain compatibility by building on the Solana, Polygon blockchain.
How to Invest?
TruDeFi Fund
We offer the highest Annual Percentage Yield (APY). Users can stake BNB and TruCoin (Governance token) without locking. While redemption, Interest gained is calculated based on the staking period and sent to the User’s wallet. Much of this fund is invested or lent to borrowers approved by the community.
No single loan will be sanctioned without community approval.
All this is managed by BSC Smart Contract. Not me! haha!!
And Yes, all smart contracts are audited by industry-leading Crypto Auditors. Watch out for Twitter to find out more about this.
How to Borrow?
Borrowers can borrow without collateral. But wait! You need approval from community.
More details will follow soon! Follow us on Twitter
Features of TruDeFi
- Trudefi — First Decentralised finance on Open Source BSC Chain
- Transparent — Fully Public Ledger
- ROI — Highest annual percentage yield (APY)
- Easiness — Borrow at fingertips
- Safe — Community Driven
- Investor Friendly — We believe our Partners, Investors, Customers, Users
TruCoin
TruCoin is the native governance token of our project. By simply holding this token in your wallet, users can take part in the decision-making governance processes of the Trudefi ecosystem. TruCoin also plays an essential role in voting when borrowers borrow funds invested in Trudefi Fund. Every lending process involves TruCoin token holders voting in favor or against the borrower. Funds are disbursed to the borrower only after successful approval by the community. It will play a vital role in community voting.
Also, the early adopters would have exclusive access to the TruCoin Staking vault. These adapters would get a share from the profit generated by lending and borrowing at Trudefi.
Also, the earlier you get hold of TruCoin, the better it is. Few voting processes may allow only early holders to vote. Every voting process would also have a reward mechanism.
Sounds exciting! Join us in this fantastic DeFi journey.
Tokenomics
Initial supply — 10,000,000 TruCoin
Airdrop — 25%
Private Sale — 5%
IDO — 25%
Liquidity (locked) — 25%
Team (time locked) — 1%
Staking rewards — 19%
Token sale funds will cover current, future development, marketing costs and provide liquidity.
Liquidity will be locked immediately after the token sale, and it will be available for transactions in Pancakeswap and other decentralized exchanges initially. Team tokens will be time-locked with scheduled releases.
Stake to get reward: 19% of TruCoin supply will be rewarded to all those who believe in TruDefi and early adopters. Reward Block emission rates will be finalized after receiving feedback from our community.
Burning mechanisms to minimize inflation will be added after the protocol is launched.
Ecosystem yield generation capabilities and governance power will determine TruCoin in the future. We believe we will reach great heights as we progress.
Roadmap
Q4 2021 Ideation phase
Initial idea
Core team building
Q1 & Q2 2022 Product Launch
Launch of website
Initial Contracts
TruCoin launch
Marketing ( Airdrops, Social Media promotion ) and Pre-sales Phase 1
Community voting Test-net
Q3 & Q4 2022 Mainnet Launch
Audit of smart contracts
Launch of Trudefi fund,
New partnerships
Marketing and Presales Phase 2
Main-net Phase 1- limited lending, limited investing
Collaboration with other DeFi ecosystems
2023 Open Access
Mainnet Phase 2
Making of truly decentralized
First non-collateral loan launch
Explore other chains
2024 Future Exploration and Development
Open source Contract Loans
Scaling Trudefi ecosystem
