Truflation aims to build a decentralized platform for inflation metrics that traditional economic institutions can rely on. The project leverages blockchain, crypto-economics, and crowdsourcing to create an open, community-driven solution to inflation reporting beyond government statistics.
It will address the problem of inaccurate or manipulated inflation reporting by governments and central banks. Over time, Truflation could become a go-to source for economic data for traditional finance, traders and analysts.
The project will reward accurate data providers with the TFI token. On the demand side, users will pay with TFI to access the data through dashboards, analyst reports and other applications. This creates a two-way economy where Truflation takes a percentage of TFI flows between data suppliers and consumers.
The benefits for users include accuracy, faster access to inflation metrics, and cheaper costs compared to traditional data providers.
Overall, Truflation is an intriguing project solving a major problem. It has an experienced team, working product, and notable backers like Balaji Srinivasan. Show Less
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