$TFI launch will be announced any day now. Here's what to know
about the Truflation token 🧵
The Truflation token aims to be the currency of the unbiased, real-world data economy, incentivizing an influx of real-world, financial and economic data directly from providers and onto the blockchain.
What #Chainlink does for oracles Truflation aims to do for real-world data.
Problem? Big data is a big business that comes with strict licensing agreements forbidding publishing on-chain. It limits the transparency and validation options we are pioneering with Truflation.
Solution? Incentivize data providers and creators to publicize the data.
$TFI is a socioeconomic incentive mechanism for real-world data decentralization. By showing providers and creators there is a big market for unbiased, reliable data and incentivizing their businesses to share, we create a new data economy and empower a whole set of new providers
How it works: Users search for data. Developers use datasets to build new dapps. Providers offer their data in a permissionless manner. Curators and analysts combine datasets to create custom indexes for sale. Validators verify that the data is correct. All fees are paid in $TFI.
This entire project is about decentralizing and democratizing data. As such, $TFI token holders will be invited to participate in governing the direction and development of the project.
More info coming soon. Make sure to follow us on Twitter and Telegram for all the $TFI updates!
t.me/truflation