Truebit has a native utility token called TRU, which is used to incentivize participants in the Truebit ecosystem to provide their computational resources and also to participate in the verification game.
The two main parts to how this utility token model works are firstly, via ‘solvers’ who are incentivized to provide their computational resources to perform the off chain computation and secondly, via ‘verifiers’ who are incentivized to participate in the verification process of the results from the solvers.
Each of these participants are rewarded with TRU tokens for the roles they perform: Solvers are rewarded with TRU tokens for successfully completing computations and verifiers are rewarded with TRU tokens for correctly verifying computations, but they are also penalized with TRU tokens for providing incorrect or malicious verification results.
However the biggest endorsement of this project’s tokenomics is that the project team does not have any TRU of their own. They are not trying to make money from the capital gains of their token, but are instead trying to make gains from the minting of new TRU tokens. Which basically means the more tokens which are minted the more money Truebit makes as a project.
I do not know of any other developers in the industry that would risk their income not on the value of the token appreciating but on the token being used. I think this is a very bullish statement from Jason and Christen to receive their gains in this way as it shows how much they belief they have in the project being adopted.
A big advantage of making a token which is so focused on utility and not for speculation means the project will have a lot less friction and eyes on them from financial governing bodies such as the SEC also. Show Less
