Truflation v1 ERC-20 (TRUFV1ERC20) Price, Charts & Market Data

The TRUFV1ERC20 token, at the core of the Truflation ecosystem, plays a pivotal role in maintaining the integrity and functionality of the platform. It is used for several key purposes:

• Governance: TRUFV1ERC20 token holders can participate in the governance of the Truflation platform by staking and locking their tokens. This participation allows them to receive veTRUF tokens, which grant them voting rights in various protocol decision-making activities. These activities can range from determining protocol node rewards and selecting data categories to geographical expansion and strategizing on new technologies (Abstract | Litepaper).

• Staking: To become a TSN (Truflation Stream Network) node operator and earn fees for the data facilitated or provided, operators must stake TRUFV1ERC20 tokens. This mechanism ensures that the data streams maintained by the network are of high quality and reliability. Staking also enables a nuanced approach to governance, where holders can report fraudulent activities and participate in the resolution process to maintain the network's integrity (Abstract | Litepaper) .

• Ensuring Data Integrity: The TRUFV1ERC20 token ensures that every piece of data on the platform originates from credible sources and has undergone extensive verification. This mechanism fosters a new standard of transparency and trust in financial information by making verifiable and unbiased economic data available in real-time (Truflation).