Eljo Profile picture
3 May, 4 tweets, 2 min read
A step-by-step guide to clear the "but sir $tru is not made by the official @Truebitprotocol founders, its an anon scam" - FUD:
1. Visit @Truebitprotocol
2. Look who follows the project
3. Imagine all of these legendary crypto OG people following a "fake" Truebit Twitter account.
4. Click on the website that is provided on the $tru Twitter account.
5. Check the token address of $tru on their website.
6. Check the token address of the "scam" $tru
Still fudding?
7. Visit linkedin.com/company/truebit
8. Do the same steps as before
And if this is still a scam to you, you're better off chosing your usual safemoon-mars-elon-doge-orwhateverpoop stuff. Believe me. It's $tru

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More from @_er_5

3 May
In this thread I want to talk about the tokenomics of Truebit.

$TRU had an insane volume of more than 600M in the last 24h, and the holders grew around x20 over this weekend.
The Marketcap went from 5M on Thursday to 400M yesterday. That's an increase of x80. But the price "only" did a x10.

But how can this be tru?

As the founder of Truebit @jasonteusch said, the token supply can increase and decrease over time.
"TRU tokens are created and destroyed over time according to cumulative demand."

TRU can be purchased (minted) directly through the Truebit OS. Every buy from the OS increases the ceiling price (price per $tru via OS) by a little.
Read 9 tweets
3 May
There is so much misinformation around $TRU that I want to clear some things up:

TRU can be purchased directly through the Truebit OS. Every buy from the OS increases the ceiling price (price per $tru via OS) by a little.
People are calling the ceiling price the "price floor" and claim that the price won't go below that. This is wrong: Instead of buying $tru you can also retire it through the OS. When you retire $tru you get way less than what it would cost to mint new $tru:
[05-03 09:03:51] info: Purchase 1 TRU for 0.000422626075133941 ETH, or receive 0.0000528282592974 ETH for retiring the same TRU quantity.
Read 14 tweets

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