Digital Assets: Gemini Now Supports Alethea AI (ALI), TrueFi (TRU)

Digital asset firm Gemini is pleased to add support for a new set of crypto tokens.

The following digital tokens are currently available for deposits and custody on Gemini:

  • Alethea AI (ALI)
  • TrueFi (TRU)

Trading for these tokens will follow, “opening first on the firm’s API/FIX and ActiveTrader applications for USD trading pairs.”

They will then be “available on the Gemini Mobile App and website on a rolling, token-by-token basis for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.”

You may keep up with the firm’s official Twitter account @Gemini for real-time updates as these tokens “become available for trading.”

The company also noted that they are excited “to support more than 110 tokens on Gemini.”

The firm believes these tokens will “provide value to [their] users as [they] continue to support the growth of the decentralized finance ecosystem.”

The team looks forward “to supporting new crypto projects on [their] mission to unlock the next era of financial, creative, and personal freedom.”

As noted in the update, Alethea Artificial Liquid Intelligence, or Alethea AI, “is a platform on which users can transform their NFTs into iNFTs, which live in Alethea’s metaverse: Noah’s Ark.”

iNFTs have three parts, which “include soul, body, and mind, each providing different traits to the iNFT.”

Alethea’s iNFTs can “serve as digital companions, coaches, meditation guides, and more.”

To enhance their iNFTs, users can “upload data sets that train how their iNFTs interact. ALI is an ERC-20 utility token compliant with the Ethereum network.”

Users must “lock ALI tokens on the Alethea AI protocol to convert their NFTs into iNFTs.”

ALI is also a payment token that “provides users with access to AI services, and allows users to tip or purchase iNFTs.”

As mentioned in the announcement, the TrueFi protocol was “launched by TrustToken in November 2020 as a decentralized finance lending protocol which provides uncollateralized crypto loans.”

Potential borrowers “create an account with TrustToken and complete their KYC/AML process.”

After posting a request to borrow, TrueFi token holders “vote on whether to approve proposed loans. TRU is an ERC-20 utility token compliant with the Ethereum network.”

The token is primarily “used for governance on the TrueFi protocol.”

TRU can also be “earned when lenders deposit stablecoins into TrueFi portfolios and lending pools.”

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