TRUE

Overview of TRUE

TrueChain, abbreviated as TRUE, is a public blockchain for real-world commercial decentralized applications. Founded in 2018 by Eric Zhang and Mia Deng, it was designed with the purpose of combining the best elements of public and consortium chains. TrueChain is available for trading and storage on various exchanges and wallets, notably Binance, Huobi, OKEx, ZB.COM, and can be stored in the native TrueChain Wallet or MyEtherWallet.

Pros and Cons

What Makes TRUE Unique？

TrueChain's innovative approach primarily lies in its hybrid design which seeks to combine the public blockchain structure with consortium chains. This unique structure potentially offers a balance of openness and efficiency that other cryptocurrencies may not provide.

Public blockchains are open to anyone and are the most decentralized kind of blockchain, but can suffer from efficiency issues. Consortium chains, on the other hand, are controlled by a pre-selected group, which means they may not be as decentralized, but can operate more efficiently. By merging these two concepts, TrueChain aims to bring the best of both worlds to its users.

Additionally, TrueChain's focus on servicing real-world commercial decentralized applications separates it from many cryptocurrencies that are designed mainly for financial transactions. Its design potentially allows for wider adoption and usability across a range of industries.

How Does TRUE Work？

TRUE tokens are the stablecoin of the TrustToken platform. TrustToken is a platform that allows users to tokenize real-world assets, such as fiat currencies and precious metals. TRUE tokens are backed by one US dollar, and they can be redeemed for US dollars at any time.

TRUE tokens work in a similar way to other stablecoins, such as Tether and USD Coin. They can be used to:

• Make payments: TRUE tokens can be used to make payments to merchants who accept cryptocurrency payments.
• Send and receive money: TRUE tokens can be sent and received between wallets, quickly and cheaply.
• Hedge against volatility: TRUE tokens can be used to hedge against the volatility of the cryptocurrency market.

Exchanges to Buy TRUE

Several exchanges support the purchase of TrueChain (TRUE) and include it in various currency pairs. Here are ten major ones:

1. Binance: This is a top-ranked globally recognized exchange. Binance pairs TRUE with other popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).

2. Huobi Global: Huobi supports TRUE in pairs with Bitcoin (BTC), Ethereum (ETH), and Huobi Token (HT).

3. OKEx: OKEx features TRUE token pairs with cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

4. ZB.COM: This exchange offers TRUE trading pairs with Bitcoin (BTC), ETH (Ethereum), and Qcash (QC).

5. MXC.COM: MXC supports TRUE in pairs with Tether (USDT).

How to Store TRUE？

Storing TrueChain (TRUE) tokens can be done through a variety of wallets. The preferred choice of wallet will largely depend on the user's needs, whether for convenience, security, or the need to access other functions like trading or swapping tokens. Here are several types of wallets that support TRUE:

1. TrueChain Wallet: This is the official wallet provided by TrueChain. It is designed to store, manage, receive and send TRUE tokens. The TrueChain Wallet is available as a mobile application simplifying accessibility and convenience for users.

2. MyEtherWallet: Often abbreviated as MEW, this is an open-source wallet which simplifies the interaction with the Ethereum blockchain, where TRUE tokens can be stored and managed. MyEtherWallet is accessible via a web browser or a mobile application.

3. Mobile Wallets: These are applications installed on your phone that allow you to manage your tokens. Examples include Trust Wallet, which supports TrueChain. Mobile wallets are often favored for their ease of use.

Should You Buy TRUE？

TrueChain (TRUE) may be suitable for a variety of potential buyers:

1. Blockchain Enthusiasts: Those with an interest in blockchain innovations may be drawn to TrueChain's unique approach of combining elements of public and consortium chains to strike a balance between decentralization and efficiency.

2. Commercial Users: Because TrueChain is specifically designed for real-world commercial decentralized applications, businesses seeking to leverage blockchain technology for their specific needs might consider investing in TRUE.

3. Long-Term Investors: Those who believe in the future potential of blockchain technology and want to invest in a seemingly promising token for a long-term hold, might consider TRUE. However, this kind of investment requires a well-considered strategy and a patience that can allow them to weather possible market fluctuations.

4. Cryptocurrency Diversifiers: As a part of a diversified portfolio of cryptocurrencies, TRUE might appeal to investors looking to spread their risk by investing in a variety of tokens.

FAQs

Q: What exactly is TrueChain (TRUE)？

A: TrueChain (TRUE) is a hybrid public blockchain platform designed for commercial decentralized applications, merging elements of public and consortium chains.

Q: What are some potential drawbacks to considering when investing in TRUE？

A: Potential drawbacks include TRUE's relatively short time in the market, limited information about the founding team, potential complexity for newcomers, and potential scalability issues.

Q: Can TRUE be purchased on prominent cryptocurrency exchanges？

A: Yes, TRUE is available for purchase on several major cryptocurrency exchanges, including Binance, Huobi, OKEx, and ZB.COM.

Q: What is unique about TrueChain's design？

A: TrueChain's hybrid design, which combines elements of public and consortium chains, aims to balance decentralization with efficiency making it potentially unique.