TRUF Token
- What it is: The native utility token of the Truflation ecosystem.
- Functions:
- Used for discounts on subscriptions
- Staking to earn veTRUF
- Transferable: Yes, TRUF tokens can be freely traded and transferred on supported exchanges.
- Value: Market-driven, based on supply and demand.
veTRUF Token
- What it is: Vote-escrowed TRUF, a derivative token representing staked TRUF locked for a set period.
- Functions:
- Grants governance voting power
- Aligns long-term stakeholder incentives
- Enables participation in protocol governance and decision-making
- Transferable: No, veTRUF tokens are non-transferable and tied to the locked TRUF.
- Value: Reflects locked staking power rather than market value.
Key Differences at a Glance
Feature | TRUF | veTRUF |
Transferability | Transferable | Non-transferable |
Use Cases | Discounts, staking, trading | Governance voting, long-term alignment |
Token Type | Utility token | Governance escrow token |
Market Value | Market-driven | Value tied to locked TRUF stake |
Obtained By | Purchase, exchange | Locking TRUF tokens via staking |
Summary
- TRUF is your spendable, tradable token to engage with Truflation’s products and services.
- veTRUF represents your governance influence earned by locking TRUF tokens, incentivizing long-term ecosystem commitment.