The currency of the data economy

TFI's utility and its role in the data marketplace

Bringing financial and economic data on-chain in an unbiased manner poses a number of challenges. The TFI token creates a data economy that solves these challenges by incentivizing an entire ecosystem built on transparency.

Raw data is expensive and proprietary

Big data is big business. Since access to cutting-edge data tends to deliver competitive advantage, data providers are incentivized to keep it private and charge a premium. Most datasets also come with strict licensing agreements that forbid us from publishing the raw data on-chain.

So how can we incentivize data providers to make their data public on the blockchain?

Decentralization is built on incentives

By showing data providers that there is a real demand for reliable, unbiased data, we believe we can encourage them to engage with this new paradigm. Democratizing the data may be uncomfortable for them at first, but we are building out a system that makes it easy for them to test the waters.

We believe this system will also empower a new breed of data providers that otherwise wouldn't have been able to compete with the existing behemoths.

The Truflation data marketplace

Truflation is taking the same transparent methodology that we used in our CPI index, and applying it to countless new financial metrics. But rather than building out each of these on our own, we've designed a data marketplace that incentivizes the community to apply the same techniques we pioneered.

In this new system, users can filter or search for data feeds. Developers can immediately access the data feeds they want. Data providers can provide new feeds in a permissionless manner. Curators and analysts can combine or create their own custom data feeds. And validators can verify that the data is correct.

The Truflation token powers this data economy. Each time data is purchased using TFI, those tokens are directly distributed to the raw data providers, curators, and validators responsible for delivering that data.

Governed by the community

This entire project is about decentralizing and democratizing data. As such, TFI token holders will be invited to participate in governing the direction and development of the project.

Token Allocation and Emissions

TFI Allocation

The TFI token allocation was designed to put the bulk of the tokens in the hands of the community. While Team and Private Sale allocations may be obvious, a few others require description.

• Community - Tokens set aside to reward community members who engage with Truflation and its data marketplace. Could be to incentivize hackathons, encourage promotion, or any number of other cooperative activities.
• Liquidity - Used to provide liquidity on exchanges, bridges, or other DeFi platforms. Any movement of these tokens will always be communicated so it is clear that they are being used as intended.
• Product Development - As Truflation grows, developers will be incentivized to contribute to the core product with tokens from this allocation.

TFI Emissions

As token holders may eventually govern the entire platform, it is important that we make this transition carefully and methodically. To enable this at a conservative pace, the emissions schedule unlocks all tokens over the course of five years.