TrustToken

 Basics

• The platform on which the TrueUSD stabletoken is deployed.

• Announced on:
• Mainnet release:
• Based in:

Token

Stablecoin

• Claims 1-1 backed with dollars and "A new type of trust developed in collaboration with the top trust law attorneys in the world" because it "Pays fiduciaries who fulfill accounting requirements and interface with legal-financial institutions"

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on:

• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Oracle Method being used

• From CoinDesk (11-11-2020):

"Stablecoin issuer TrustToken is bringing its proof of reserves system for TrueUSD (TUSD) collateralization levels on-chain. Adding Chainlink to an existing partnership with accounting firm Armanino makes it possible. Pulling from Armanino’s TrustExplorer API, the Chainlink integration makes the data available on-chain, which then lets app builders develop preventative measures against fractional reserve banking or other potential red flags."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].
• CertiK claims to have done an audit for them, according to their website (12-6-2020).

Pros and Cons

Cons

• Had investment from Alameda Research/FTX, which came out (11-11-2022) during the FTX crash. This could mean fall-out risk.

Team, Funding, Partners

Team

• Full team can be found [here].
• Danny An; Co-founder & CEO
• Rafael Cosman; co-founder
• Stephen Kade; co-founder
• Tory Reiss; co-founder
• Tim Welsh; senior counsel
• Terry Li; solidity engineer
• Tony Pham; Head of Marketing (also has the same position at Kadena)
• Some of the team members come from Berkely, Stanford, Google, Facebook, Wharton University of Pennsylvania, Carnegie Mellon University, Consensys, Deutsche Bank, Yale, Northwestern University, PayPal, Airbnb, Goldman Sachs and Columbia University
• Advisors include: Ari Paul, John Piotrowski & Bill Wolf (both former Goldman Sachs, Tom Shields, Matt Mochary and Tom Ding

Funding

• Backed by: a16zCrypto, Blocktower, Distrubuted Global, Founders Fund, GGV Capital, Jump Capital, Zhen Fund, Stanford University, Slow Ventures, Signia Venture, 8 Decimal Capital & Foundation Capital
• Part of the portfolio of 8 Decimal Capital

Partners

• Partner with Nexo
• Is a sponsor of Coin Center (as of 6-2019)
• Is a partner with FTX, according to the About Us page of FTX (20-4-2020).