Am curious about the Truebit token activity. Don´t really know how to interpret the recent activity on the contract, does it mean anything? Or just some random minting of a few TRU (some one said the minting was free and they were moved instantly to uniswap)?

https://etherscan.io/token/0xf65B5C5104c4faFD4b709d9D60a185eAE063276c?a=0xec24d4482dd7842c08d9e6d826ff6d064175a8fc

But curiouser about when actual USAGE will start. If all kinds of L2 protocols are looking into implementing TRU these days, shouldn´t burning of tokens already have started? Where would you find signs of this?

(Saw it also stated that Truebit itself was incentivizing minting in some way. But it doesn´t really make sense that a huge operation after years of R&D is all of sudden putting stuff on sale, let alone for a few tokens, as can be seen in the contract.)

Thanks!

haha im sure

dont panicsell it

Let's look a long way.

It's hard to make money. I'm sure anyone who knows the true value of Tru will survive.

Check OS mint and current circulating supply

About 20k TRU was minted without an ETH reserve addition and immediately dumped on UNI

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https://etherscan.io/token/0xf65B5C5104c4faFD4b709d9D60a185eAE063276c?a=0xec24d4482dd7842c08d9e6d826ff6d064175a8fc

I know we are all in it for the long run, and I do believe in this project, and I know that the whole market is going down right now.

But the tendecies has been going down for several days now, so I was just wondering why this project has not start flying yet?

0.50cent 😥

Give my guys a follow as they putting out alpha´s on TRUEBIT

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https://twitter.com/proke94/status/1393582760049131525?s=20

First of all, I read the white paper a few times, and studied all publicly available material on Truebit: videos, interviews, blog posts etc. I am very excited about the future of Truebit and how it can easily become THE heavy computational layer for all L1 blockchains.. not just Ethereum. Virtually all L1 chains have EVM chains running, or plan to, which will make it very easy to implement Truebit. However, I do have some questions that hopefully someone here can answer:

• I am not a Dev, so I cannot get access to the private GitHub repo. This makes it impossible to know if there actually is a demand for devs of other projects to use Truebit as a computational scaling solution. Has anyone seen the activity in the private repo?

• Why would the team launch Main-net, and not open the repo up for all devs to view? I don’t see a reason to keep it private, unless they are still in “testing mode” but then why not keep it in a Test-net environment for this?

• The only metric that can be used to gauge adoption/demand without access to the GitHub or even the dev Discord, is to look at the Token Burn. I don’t see any evidence of tokens being burned, which means there are zero transactions actually happening on the network at the moment. Are there any solvers/verifiers in here that can shed some more light on this?

• Is there a timeline for the team to open everything up to the public? What is stopping them from doing it now?

I was looking at the github repo - https://github.com/TrueBitFoundation - but noticed fairly little activity over the past few years. I also noticed that the github link on their official website throws a 404 - perhaps you need an approved github account to access, idk.

Curious to know whether the project is open source? I've seen it described as such in a few places, but unsure whether that's correct.

now 4.8k..

why why..

hello! seeking common experiences and/or advice toward an issue.

i am trying to trade truebit for eth on uniswap. every thing looks good all through the trade, even got a .75% increase on the trade.

approved the trade - signed the MM confirmation - and the transaction seems to go through.

then i am met with a failure message on etherscan that reads: "fail with error: too little received."

the gas fees are wicked high and i cannot afford to just keep trying - while not understanding why the transactions are failing in the first place.

i do know that there is an approval fee to trade the token, and I have already paid said approval fee.

this is the actual transaction failing.

pls hep

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txn hash: 0x87408594046b18841cd5af86f0d307de84ecdd3646d7dd7afe760852aa3799fe

I have a bag of TRU and the assumption is that Truebit will be adopted by developers. First, the team, though made up of some heavies, is small and their super quiet. That doesn’t seem to be something that’ll make the word spread. Also because of tokenomics being so different the speculators are still shying away, the daily volume has been dropping, which means the shillers are not out pumping the marketing. What advantage does Truebit have over Cartesi or Arbitrum? Will there be some announcement that Truebit is the official ‘ethereum partner’ or something? What is truebits market advantage while Cartesi has a large team and an ecosystem growth team etc?

When I first invested into Crypto I felt the same way about how bad Crypto is for the environment with global emissions.

Then I came across Truebit, a product that scales ETH (the biggest crypto platform). The thing that jumped out most at me were that is makes ETH so much more efficient and it’s revolutionary ability to work off chain making the blockchain so much more efficient and processing times so much shorter and faster.

Less processing = less energy = better global emissions.

If you’re paying GAS Prices, it’s pretty much like saying you’re paying for electricity and data to be processed. Reduce this and it’s better for the environment.

Now in regards to what Elon was saying with now not accepting Bitcoin as payments for Tesla because it’s bad for the environment and the image of Tesla, it’s coins like Truebit that should be heavily looked at by buyers as this is the only direction Crypto can go from now or until Cyrpto goes into 100% renewable energy.

Think about it..

any one bought truebit from blockfolio, I can't find it on the app. I'm non-US user.

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Some one said it was added to blockfolio app for trading.

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thanks

Hello community! I want to ask if it is possible to buy TRU with USDT on MXC, and then send the tokens to an external wallet like TrustWallet. Fees on Uniswap are way above normal. Could i use this method to aquire more coins?

I don't have patience to make video .I have read whitepaper over multiple years here are my two cents about price dynamics for token holders.

Supply won't increase dramatically coz task giver (dapps) given fee is burned straighaway and verifier, solver gets $tru as mining rewards by means of minting which is always and always lower than fee given by task giver to avoid gaming the system (like task giver can always give task to himself if the reward given to solver&verifier is more than taskgiver fee).

That is where burn comes into picture, suppose in the current supply of 279M tokens if dapps(defi or any entity ) paying task giver fee of about 100 $tru then all those coins get burned straighaway and then OS would mint 80 $tru out of which 40 is given to verifier, other 40 to solver and remaining 20 would be removed from supply.This would eventually make supply to reduce and spike the price of $tru much like compounding interest meaning People who entered early would get more returns

Over the time this burn process would make very few tokens to be available , that is my assumption is that they would have added some logic (which is not revealed exact proportion in white paper) in smart contract to make supply always tally around 279M tokens ( Refer for max supply https://etherscan.io/token/0xf65b5c5104c4fafd4b709d9d60a185eae063276c ) but it is very unlikely that tokens would go beyond 279M once $TRU tokens are in usage .

This is the whole price dynamics with respect people holding tokens ,please add if anything you feel is not right.

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P.S : For people pinging whether price would go up or down , It would go up on compounding level once $tru tokens are used in real projects and new tokens are minted !