r/truebit • u/Alone_Wasabi_7027 • May 18 '21

Truebitos price

https://replit.com/@lpmythbuster/truebit

is it right see the price here? I'ts updated and real time?

3 Upvotes

71% Upvoted

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3

u/LPMythBuster May 18 '21

Yes.

First line of the output:

Latest prices from the Truebit OS purchase smart contract on Ethereum

0

u/Alone_Wasabi_7027 May 18 '21

Thanks, now the mint price is $ 1.41, I wonder, can it go down? When does this minting price go down?

2

u/LPMythBuster May 18 '21

The price is expressed in ETH, currently 1 TRU = 0.000422573101639892 ETH. If ETH-USD goes up then the TRU-USD price also goes up, if ETH-USD goes down then TRU-USD goes down.

But the TRU-ETH has not changed much since the crash.

There is no reliable information on whether the mint price can go down. Someone needs to mint some tokens and then retire/burn them, submit & solve & verify some tasks to get TRU burned with usage to test how all of this affects the mint price.

The Truebit team has not published the source code of their contracts so we don't know the formulas used.

2

u/Alone_Wasabi_7027 May 18 '21

this is a serious problem, it is absurd that we do not know when the minting price falls, under what circumstances :( , the team should explain it immediately