TRU REPUTATION PROTOCOL: The Solution to the Long Standing Problem of Trust and Reputation in the Crypto-world https://tru.ltd
The crypto-platforms
have faced a big challenge in their operations due to breach of trust and reputation
in the system. So many are losing interests in the crypto-currency because of
this menace. But Tru Reputation Protocol is a child born in due time. It is the
only way out of this challenge. All crypto-businessmen need is to key in to
this platform and get unquantifiable benefits that will be shown in work
carefully drafted from the Tru Reputation Protocol white paper via https://tru.ltd/Tru_Reputation_Protocol_White_Paper.pdf
What is
Tru Reputation Protocol?
The Tru Reputation
Protocol is a platform that provides the first digital solution to persisting
Reputation between platforms and reward contributors for their feedback
creating the first Proof of Reputation network. The reputation and trust a
crypto-trader has depends on the number of entities that recommend him or her.
A trust cannot be established by one entity recommending you as a
crypto-currency businessman. However, through the operation of this platform trust
can be gotten from a centralized network, thus enjoying some great reputation
that will earn you some token gain.
The
Team
The founders of the
company are Ian Bray, Managing Director/Development Lead, Dr Patrick Stewart
Bray, Ph.D., Chairman and Caroline Draper, Marketing DirectorMatt.The advisors
are Murphy, Darron Antill and host of others.
What
does Tru Reputation Protocol offer?
Tru Reputation Protocol
acts
as the first Proof Of Reputation mechanism that is natural and easy to use:
each party in a transaction leaves feedback for each other by selecting
or providing Semantic Terms6. The Tru Reputation Protocol also allows
the establishing and persistence of reputation across digital ecosystems from
Web 2.0 platforms to Web3 distributed platforms- by interlinking transactions
to the participants and enabling feedback on those transactions. Moreover, it
establishes an economic model around Reputation by rewarding
contributions and charging for consumption ensuring all parties involved in
the transaction are incentivised for providing feedback whilst ensuring value
is derived from those who consume the reputation data from the Tru
Reputation Network. This is a wonder! You gain as you get recommendation
from Tru Reputation Network. For the first time, reputation has a market
value that can be quantified and exchanged. There is no platform where
reputation can be exchanged from one digital platform to another and that why
Tru Reputation is now acting as a collecting for all digital platforms such as
E-bay, Google, Seamless, etc.
Scoring
Transaction Risk Based on Reputation
At present, most
platforms that have a Reputational system do so by using either a flat scoring
system7, a rolling scoring system8, a Standard Score applied to a rolling
scoring system9, or purely through a number of interactions on that platform.
They in turn either use these reputational mechanics to provide additional
benefits, whether that is discounts on trades on exchanges, high prominence in
searches for online marketplaces, or purely for kudos within the community.
However, these scores are arbitrary and platform specific and have no meaning
outside of the platform they are on. The Tru Reputation Protocol addresses
these inherent flaws while also providing further scope for de-risking user
interactions. By applying a scoring model to the Tru Reputation
Protocol Schema, a Platform can use statistical modelling to desirable
behaviours on their platform https://tru.ltd.
Model
Tru Reputation Protocol Financial
The Tru Reputation
Protocol is based on a simple yet robust premise- those consuming Reputation
Data should pay those who create that Reputation Data for their effort. The Tru
Reputation Protocol achieves this through Tru Reputation Tokens that create the
Tru Reputation Network. The objective of rewarding those who provide Reputation
Data by those seeking to consume it is calculated by Equilibrium Pricing10-
the more demand for Reputation Data, the higher the award of Tru
Reputation Tokens for creating Reputation Data; inversely,
the more Reputation Data created, the lower the cost in Tru
Reputation Tokens for demand, white paper on https://tru.ltd
Tru
Reputation Token Sale
The token used is
called TRU. The token is based on Erc20 standard given by Tru Reputation Smart
contract.
Tru
Reputation Token (TRU) Pre-Sale A Pre-Sale for the Tru
Reputation Network began from the 4th January 2018 to 5th March 2018, for early adopters to purchase Tru Reputation
Tokens. The proceeds of the Pre-Sale will be used to execute the Objectives of Funding Tranche 1
and upon completion of these objectives, the Crowd Sale shall be started. Up to 5,000,000 TRU will be
sold during this Pre-Sale with any unsold tokens being added to the Crowd Sale
pool. The rate is 1TRU = 0.001ETH. Pre-sale bonus is 25%. Duration is 60days.
The accepted currency is Ethereum.
The
main Token Sale
Upon completion of Pre-sale,and
delivery of the Tru Reputation Protocol Release 1 Deliverables, a wider Crowd
Sale allowing anyone to purchase Tru Reputation Tokens ahead of the Production
launch of the Tru Reputation Network. This Crowd Sale will occur at the end of
Quarter 2 of 2018 (May-June 2018). The total amount of Tru Reputation Tokens
available during the sale will be announced closer to the date but shall be no
more than 50,000,000 TRU. Rate is the same as that of pre-sale. Bonus is 12.5%.
Duration is 30days. The accepted currency is TBA.
The
Roadmap
The token release
called Release1 (first pre-sale)
will take 2-4 months. Release2 (crowd
sale) will 4-6 months, this will continue until the last Release called Release4 (crowd sale), which will take
12-18 months.
Invest in the
near-future hope for trust and reputation value exchange! Check the link https://tru.ltd.
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