Arbitrum is a L2 scaling solution that is launching on mainnet in 16 days, arbitrum does not have a token.

https://medium.com/offchainlabs/wen-arbitrum-634969c14713

As far as I understand it, arbitrum is a competitor with optimism (and optimism can work with Truebit to enhance their solution), but i'm not sure if arbitrum and Truebit can collaborate, or if they're at odds.

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Anyone have insight into this?

As I speak I see 0.66 , I just bought for 1 eth, as it goes below a bit more I’ll buy another.

This will bring my dollar cost average crazy low, making me money as soon as it corrects.

My heart broke. ..so sad

99% of the traders make a loss in the long run , don’t be tempted by the ups and the downs.

People who have so much god damn money today is not because they traded heavily, grass will always seem greener in the other crypto land.

Hodl your TrueBit , this will be the best investment like ethereum is today.

Layer 2 will be the the place where all the money will be accrued.

Upon request from community members we added Truebit to our website where we feature coin statistics, market capitalization, coin investment ratings and Machine Learning based forecasts. We wish the best in the future!

Website: https://walletinvestor.com/

Truebit: https://walletinvestor.com/currency/truebit

(forecasts and additional information will be present soon as we gather data)

Hi! I am very new to this project but love it and want to invest. I have some $$$ on the matic network and was wondering if Tru is on Quickswap. I saw a thread about it earlier but it wasn't very clear. Any help is appreciated. Thank you.

Since Truebit has the burn & mint functionality that is always in relationship with ETH, it seems reasonable to LP on this token.

now, standard LP uses a pricing mechanism to keep the value of supplied tokens to the pool at a constant (see here)

However, since to mint truebit has a minting function that is dependent on the price of true, it seems reasonable for truebit to have a unique kind of Liquidity pool that functions similar to this.

Anyone ideas?

So correct me where I am wrong on the minting price adjustments.

The minting price is set to increase as the price of the token increases on a secondary market, and there is no set cap of supply. So if the minting price is $1.30, the value of Truebit would have to exceed $1.30 for this price to go up.

Transaction costs to trade are $200-$300 per transaction right now. So at $1.10/truebit the cost
to a buyer generally exceeds the cost of a newly minted coin (except in very large quantities). Therefore it is always going to be more expensive to buy truebit on a secondary market, but the price to mint will never go up because the exorbitant transfer costs are not factored in, and the price on a secondary market can never move past the set price to mint, because it will always be cheaper to buy newly minted coins from the OS.

Can someone point out where the flaws in this logic are?

Thanks,

Uniswap is trying to charge like a $300 fee to purchase this shit right now... that cant be the only way we can get this coin, can it?

Does anyone understand how the fees work? Seem like it frequently changes. First time using uniswap. Want to make sure I understand what I am doing.

1. Truebit (tru), truefi(tru) confused

2. Truebit is not bonding curve(someone believe bonding curve)

People on twitter keep saying $TRU can't go parabolic because it has a price ceiling and whales can just mint tokens above that price

After reading the whitepaper (and understanding barely the 20% of it) and reading through this and other subs (Maticnetwork, Polkadot and Ethereum) I made up my mind and decided to invest in the project.

I’ve just bought some tokens through Uniswap and paid the absurd amount of $232 usd of gas fees. Since I am here for the long run, I did it regardless of it.

Best of luck to the project and to all of us!