TRU Reputation Network ICO: Digital Transaction ? (REVIEW ICO)


Online reputation management services for corporates and individuals are as vital as just about any significant decision that affects their brand image out there. But at a period when online conversations and monitoring them is of the enormous essence in the success of the company, not every reputation tool is trustworthy. Fake and synthetic reviews cost businesses as much as $320.6 billion every year!


What Is TRU Reputation Network?

To help businesses and individuals get quality and authentic online reputation management services is the Tru Reputation Network. It is the first, one-of-a-kind decentralized ‘Proof of Reputation' solution, designed to use a ‘patent-pending Semantic Terms Feedback algorithm.’ Ideally, what the network does is to eradicate false, counterfeit reviews that ravage the e-commerce industry and cost it billions of dollars.
The whole platform is built using Ethereum blockchain technology, and that means it is decentralized, unregulated and 100% transparent with genuine reviews. The technology underpins the network as it acts as the medium of storage, public scrutiny, computation, and non-refutation.

How TRU Reputation Network Digital Transaction Feedback Works

According to tru.ltd/ and the Whitepaper, the platform is crafted to be a hub to receive genuine feedbacks from different individuals. And that’s possible since each participant is vetted and pre-qualified rigorously to help avert what typically affects conventional reputation networks. Another feature that makes the Tru Reputation Network real and trustworthy is because its data is transparently immutable and non-reputable.
The whole system represents a revolution whose arrival has been long overdue. Reputations and Feedbacks are fashioned like digital transactions, by using Patent-Pending algorithms. Since they are completed as smart contracts, each task completed is assessed and verified as true, accurate and concise.

Stage #1: Transactions

At this stage, a transaction pitting two or more parties takes place on the platform. It could be exchanging currency on the exchange platform or paying for services rendered or goods purchased.

Step #2: Private Reporting

After the Transaction stage is done, each party chooses the Semantic Terms Feedback. The feedback that summarizes how the transaction took place is surrender to the Tru Reputation Network where it is then embedded in the organization’s profile. At this stage, however, the review is inaccessible to the general public just yet.

Stage #3: The Consensus Wait

This stage acts a bit like the “grace period” whereby each feedback submitted is halted for seven days in anticipation of either party lodging an objection to the feedback left. Upon expiry of the 7-day period, however, the Semantic Terms Feedback becomes live at the Tru Reputation Network. If there’s an objection yet, the feedback has been published, and the platform triggers an automated resolution mechanism to resolve g the dispute.

Stage #4: Public Reporting

This stage is reached after the 7-day waiting period elapses. Essentially, the feedback becomes publicly searchable against the company’s profile.

Stage #5: Tru Distribution

After the Consensus Wait Stage is over, each party gets its share of the Tru Reputation Token (TRU) with the tokens shared equally.

Stage #7: Your Reputation is 100% Genuine

Your reputation becomes available at the Tru Reputation Network, and you can seek to enhance it by having more transactions.

Stage #8: Monetizing Reputations

Since TRU tokens are mandatory for anyone looking to access the platform, the network thus allows selling and exchange of them.

TRU Reputation Network ICO Details

At the moment, the pre-sale is on-going with 25% bonus for each TRU token bought. The main cryptocurrency used is ETH with each piece equal to 1,125 TRU tokens. At the crowdsale, however, each purchase will attract a bonus of 12.5% while subsequent purchases will mean 1ETH = 1000 TRU no bonuses.

RoadMap

1
June 2015 - Tru Ltd Founded
Tru Ltd was founded in June 2015 to focus on delivering solutions to some of the most intractable problems affecting the current generation of Web 2.0 platforms and developing their successors for the Web3.
2
December 2016 - Semantic Terms Feedback Patent Filed
Patent PCT/GB2016/054063 is filed by Tru Ltd after 18 months of research & development to deliver the next-generation of feedback & reputation systems for digital contexts. Patent is filed with the USPTO, EPO and WIPO: https://www.google.com/patents/WO2017115085A1?cl=en
3
June 2017 - Private Beta of Trubador begins in New York & London
A 12 month private beta of Trubador is launched using a private release of the Tru Reputation Protocol to selected businesses and users in New York City, NY, USA and London, UK
4
December 2017 - Milestone in Feedback
Trubador, leveraging the Tru Reputation Protocol achieves over 16,000 Monthly Active Users. With over 300,000 transactions handled, over 1.1 million items of feedback and 0 'synthetic' or fake reviews.
5
4th January 2018 - Tru Reputation Network Pre-Sale Starts
Tru Ltd emerges from stealth to launch it's Pre-Sale for the Tru Reputation Network to take the Semantic Terms Feedback Algorithm and the Tru Reputation Protocol to the wider world.
6
5th March 2018 - Tru Reputation Network Pre-Sale Finishes
On the 5th March 2018 the Tru Reputation Network Pre-Sale will complete.
7
May 2018 - Release #1 of the Tru Reputation Protocol
Release #1 of the Tru Reputation Protocol will be released in May 2018, establishing a public testnet where the Tru Reputation Network can be experienced ahead of the public launch.
8
June-July 2018 - CrowdSale
A wider Crowd Sale of the Tru Reputation Network will begin by the end of June 2018 and last for 30 days. Offering a 12.5% bonus vs public release pricing, this marks the final event where Tru Reputation Tokens can be purchased ahead of release.
9
August 2018 - Public launch of the Tru Reputation Network
The Tru Reputation Network will publicly launch in August 2018, enabling the exchange of Tru Reputation Tokens and access to data on the Tru Reputation Network. All data from Trubador will be within the Tru Reputation Network and this will mark the Global Availability of the Trubador platform.
10
December 2018 - Release #2 of the Tru Reputation Protocol
The second public release of the Tru Reputation Protocol will be released by December 2018. Check the White Paper for more details.
11
June 2019 - Release #3 of the Tru Reputation Protocol
The third public release of the Tru Reputation Protocol will be released by June 2019. Check the White Paper for more details.
12
December 2019 - Release #4 of the Tru Reputation Protocol
The fourth public release of the Tru Reputation Protocol will be released by June 2019.

- v1.0 release of the Machine Learning Library
- Beta release of the Tru Reputation Analytics Service

Check the White Paper for more details.

Token info

Token
TRU
Platform
Ethereum
Type
ERC20
PreICO price
1 ETH = 1250 TRU
Price in ICO
1 ETH = 1125 TRU

BONUS

25% Pre-Sale Bonus 12.5% Crowd Sale Bonus
Tokens for sale
32,000,000

Investment info

Min. investment
1 ETH
Accepting
ETH
Distributed in ICO
50%
Soft cap
$3,000,000
Hard cap
4,000 ETH

Contacts

The developers can be contacted using the links below:


ETH Address : 0x4be0D62Fc296136326F1A6BB6E3A543472c41820

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