Truebit, the biggest crypto project you’ve never heard of..
With countless tokens in the crypto realm, it’s sometimes the case that a “serious” project with massive potential slips through the net and goes unnoticed. Imagine if the same project shunned any offical marketing, and stealth-launched its token without fanfare or celebration. Also consider that the project in question “does not engage in exchange listings”. Truebit is a dark horse that’s been flying under the radar for some time.
90% of Crypto is hype — most projects have never generated any revenue, and most valuations are completely speculative. Some tokens struggle to justify their existence and have no real use in their ecosystem. But they continue to pump, circulating through the arteries of social media until they are eventually filtered out by reality. Or they stick around and linger like relics, hoarded by a faithful group of advocates. Truebit is in an odd position — as a project it’s been around since 2017, but its token, TRU (not to be confused with Truefi, TRU) only launched in May 2021. So is it a relic of a bygone age, or is it one of the many “shiny new things” that have exploded onto the scene in 2021. In this article I’m going to attempt to work out what Truebit is, and whether it’s worth investing in.
