Project Spotlight: TrueFeedBack (TFBX) - blockchain-based data platform
Visit Ubeswap to checkout the new TFBX-UBE dual-rewards pool going live on 11/4! Note the ‘Project Spotlight’ is an Ubeswap community initiative and the TrueFeedBack team is primarily responsible for the information contained in this article. The information in this post is for educational purposes only and should not be taken as financial advice.
TrueFeedBack Project Introduction
TrueFeedBack is building a blockchain-based ecosystem to transform data into value. TrueFeedBack focuses on developing its products for blockchain infrastructure, big data analysis platform, and machine learning algorithms and offers them to the service of users and companies.
TrueFeedBack builds a blockchain-based data collection and analysis platform, enabling users to earn TrueFeedBack Tokens (TFBX) as a reward for their actions with the features on their mobile application. In addition to advertisements, games, news, events, surveys and tasks, new features such as shopping will enable users to spend their tokens without withdrawing and the upcoming social media concept will allow users to spend more time on the application.
Q&A w/ TrueFeedBack:
What’s the goal of this project?
To adopt the data economy to the blockchain world in order to transform data into profit and thus creating wealth for everyone.
Why did you decide to build on Celo?
Because of fast, secure and low-cost infrastructure for our project that enables anyone with a mobile phone to enter this ecosystem. With more than 150k TrueFeedBack users and targeting 1 million in the upcoming year, CELO provides the ideal platform for mobile users to successfully carry on micro transactions.
What inspired your team to work on this project?
We wanted to create a sharing economy between companies and users who share their data for advertisement or data analysis. That’s why our initial motto has always been “Your data, your reward”.
How is the protocol designed?
We wanted to create a sharing economy between companies and users who share their data for advertisement or data analysis. That’s why our initial motto has always been “Your data, your reward”.
Team
- Dr. Ali Osman Çıbıkdiken (CEO, Co-founder), Academician (22 years)
- Dr. Daba Chowdhury (COO), Academician (15 years)
- Ali Çiftçi (CBO, Co-founder), Businessman (10 years)
- Dr. Ahmet Ercan Topçu (CTO), Academician (20 years)
- Harun Sarıkurt (CMO), Marketing Professional (10 years)
Introducing $TFBX
Created on the Ethereum network as an ERC20 token, TFBX is migrating to the CELO network. CELO is ideal when it comes to crypto in mobile platforms. It makes crypto payments accessible to everyone and allows secure, swift and low cost transfers making it perfect for claiming rewards regardless of amount, anywhere and anytime. TFBX token on the CELO network has been created and through a bridge, TFBX tokens will be able to function on multi-chain. The ecosystem awards, which is currently 16% of the token distribution, will be distributed on the CELO network and stored within the application thanks to a new product TrueFeedBack is launching: TFB Wallet. Thanks to this wallet, every user will have their personal wallet and will be able to do transactions with very low fees through the CELO network.
The token is a tool for distributing rewards, allowing companies to spend it on the mobile platform and be earned by users.
Token Allocation
- Token Symbol: TFBX
- Total Supply: 4,924,431,447 (5B originally, 75M has been burned)
- Contract Address (Celo): 0x035eE610693a29Cb77fD6eFBEb9d9d278703e145
- Contract Address (Ethereum): 0x4057db5bd9f67a566aa10e5587b1a964affc6a16
- Distribution — The circulating supply: 47% | Team: 10% | Development: 7% | Marketing: 11% | Staking: 6% | Strategic partnerships: 2% | Ecosystem: 16% | Advisors: 1%
Liquidity Mining
To kickstart liquidity, 1M TFBX + 3,270 UBE will be rewarded to the UBE-TFBX Ubeswap pool per week. The initial phase is 4 weeks, however our plan is for TFBX pools to be ongoing throughout the year.
TrueFeedBack Contact Info
