TrueChain (TRUE) Blockchain Platform - ICO Review, Rating and Details of TrueChain ICO (Token Sale) - Rating: Not Rated

TrueChain is the world’s first public chain that implemented fPoW+ PBFT hybrid consensus and has a strong global open source developer community supporting it.

TrueChain provides the underlying public blockchain infrastructure with high performance and security for decentralized applications and financial transactions.

Problems & Solutions

Over the past two years, there have been a number of public blockchains. Each of these blockchains adopts a certain kind of consensus. All wanted to solve the impossible triangle problem and achieve efficiency, decentralization, security in the same time. Many public chains based on single consensus mechanism such as PoW or PoS, are having a bottleneck in efficiency. One the other hand, those based on dPoS or dBFT have been improved in efficiency, but are having problems in decentralization.

TrueChain uses hybrid consensus called Minerva combining PBFT and fPoW to solve the biggest problem confronting permissionless blockchain: the contradiction between decentralization and efficiency. It uses PBFT as fast-chain to process transactions, and leave the oversight and election of PBFT to the hands of PoW nodes. Besides, TrueChain integrates fruitchain technology into the traditional PoW protocol i.e. fPoW, as the snailchain, to make the chain even more decentralized and fair. TrueChain also added sharding on top of PBFT to lift the limit of scalability.

With solid and leading technology, TrueChain aims to provide a workable and well-governed blockchain platform for decentralized economy. It comes up with the first hybrid consensus incentive model to use economic awareness as a drive to uphold and improve the chain. Meanwhile, it also creates a stable gas fee mechanism to lower the cost for the developers and operators of DApps, and to make the blockchain more public.

Features & Highlights

  • A Streamlined Blockchain: With its permissionless PBFT-fPoW hybrid consensus with secure sharding, the conflict between efficiency and decentralization for permissionless blockchains is solved by TrueChain.

  • A Hybrid Consensus Incentive Model: TrueChain is the first in the world to design an incentive model for the governance of the hybrid consensus which will increase economic awareness in relation to blockchain technology and compensation.

  • Strong Global Developer Community: Among the new generation of permissionless blockchains, TrueChain has a developer community that is the largest in China and the fastest growing in the world.

  • Solved Impossible Triangle: TrueChain is the first working third generation public chain to solve the most important problem in the public chain space, the "Impossible Triangle".

Token Allocation

"Mining","Core Contributors Community","Foundation for Operational Costs","Incentives to Ecosystem Buildup","Token Sale" {"name": "Mining","value": 30},{"name": "Core Contributors Community","value": 15},{"name": "Foundation for Operational Costs","value": 15},{"name": "Incentives to Ecosystem Buildup","value": 15},{"name": "Token Sale","value": 25}

Token Utility & Use Cases

TrueChain’s mainnet currency is TRUE token, a utility token for transaction gas and staking.

Roadmap & Updates

  • September 2017 - October 2018 - Genesis
    • Hybrid consensus mechanism design completed
    • Stellar - smart contract management engine - released and open sourced
    • TrueChain Light Wallet released
    • TrueChain’s election system for decentralized nodes released
    • TrueChain listed on OKex, ZB, Bithumb, HitBTC and many other major exchanges
    • Globally TrueChain’s token holder exceeds 100k
    • Hybrid consensus framework code open source
    • Hybrid consensus incentives release
    • TrueChain TestNet - BetaNet released
    • TrueChain’s First Blockchain Explorer TrueScan launched
    • Developer platform released
    • 10 Dapps running and testing on TrueChain BetaNet
  • Late 2018 - 2020 - Columbus
    • Design PandaST Protocol
    • Implement 3rd-party gas payment agent and reform gas fee mechanism
    • Main Net Launch
    • Reform public chain incentive model
    • Increase and stabilize mining hash power for main net
    • More Dapps & asset tokens on TrueChain
    • More TRUE token holders globally
    • More tokenized assets issued on TrueChain
    • Growth of TRUE mining community
    • More layer-2 infrastructures connected to TrueChain
  • 2020 Onwards - The Republic
    • More Dapps & Asset tokens on TrueChain
    • More Tokenized Assets Issued on TrueChain
    • Growth of TRUE Holders Globally
    • Decentralized governance

Team Members

  • Eric Zhang, CEO.
    • M.S. In Computer Science, Oxford University
    • Founder of DoraHacks
    • Researcher, CERN Open Lab (2013)
  • Dylan Liu, CTO.
    • B.S. & M.S. Computer Science, Tsinghua University
    • 10+ years experience in development and system architecture
    • Cryptography and algorithms expert
  • Kenny Zhou, Product Team Lead.
    • Former co-founder &CTO at the Honest Doctor
    • More than 10 years of experience in large-scale distributed systems and architectures and products
  • Felix Cai, Front End Engineering Lead.
    • Youth Class, Xi’an Jiaotong University
    • Front End Hacker
    • First Prize, DoraHacks Autumn@Xi An 2017
  • Ice Ming, Integration lead.
    • 10+ years experience in c/c++ development
    • Real time database products and digital currency transaction platform products expert
    • Participated in developing bitcoin and ethereum wallets
  • Seay (Wizard), Security Coordinator.
    • Lead, Alibaba attack and security lab
    • Author of “Code Audit: Architecture of Enterprise Web Security”
    • Host of well-known security blog
  • Neol Zeng, Senior R&D Director.
    • Algorithmic Engineer
    • Eight years of C language development experiences
    • Having many years of overseas R&D experiences
    • Former Director of R&D and Operation of Well-known Artificial Intelligence Projects
  • Brian Liu, Blockchain Evangelist.
    • MSc and B.S from Peking University
    • Author of "Blockchain: 101"
    • 10+ working year experience in software development, leading and coaching high performing teams
    • Worked in IBM China Development Lab (CDL) High Performance Computing team and "LERO - The Irish Software Engineering Research Center" Distributed Systems research group
  • James Cheng, Head of Strategic Development.
    • Part-time research staff of Tsinghua University, Serial entrepreneur
    • Executive Committee of China Cloud System Pioneer Strategic Alliance
    • Foreign Expert of Thailand Crypto Beach Association
  • Larry Lin, Head of Business Development.
    • Internet marketing community operation expert
    • Baidu encyclopedia operation
    • 10+ years of digital advertising and internet industry
  • Jimmy Zhao, TrueChain Global Strategic Partner.
    • ZB group executive and founder of ZBX (ZB Europe)
    • Founder of Cryptonord
    • Partner of Y investment
    • Founder of ChainX
    • Runs a 10,000-bitcoin fund
    • A well-known core figure in the blockchain industry in Europe
  • Lin ChuiZhou, Academician Consultant of TrueChain.
    • Academician of the Royal Swedish Academy of Sciences and Hong Kong Academy of Engineering Sciences
    • Former vice — principal of Hong Kong University of Science and technology and a former president of Industrial Technology Research Institute
    • Former Visiting professor of National University of Singapore,Tsinghua University, University of Science and Technology of China, Shanghai Jiaotong University and many prestigious Institutions at home and abroad
  • Yushi Shen, Advisor to TrueChain.
    • The Secretary-General of China Cloud System Pioneer Strategic Alliance
    • BS, Electronic Engineering, Tsinghua University
    • MA, PH.D, computer science, University of California, San Diego
    • Panelist for China’s “the Thousand Talents Plan”
    • Researcher of Tsinghua and other prestigious universities
    • Strategic consultant for Microsoft

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