- Truflation’s Deadlift Index tracks CEO fitness to company performance.
- The company provides customisable indices for personalized investment strategies.
Truflation, a Coinbase-backed blockchain data provider, has released the Deadlift Index, an innovative tool that combines company performance indicators with CEO physical wellness. This one-of-a-kind index provides investors with a new way to evaluate organizations by offering live updates on CEO fitness in addition to typical company data.
The Deadlift Index is based on an independent study by Pieter Levels, a blockchain enthusiast on X, who found that CEOs who frequently engage in weightlifting outperform those who work in the S&P 500. Truflation, which combines fitness, finance, and corporate performance, intends to provide investors with a fresh way to monitor market trends and make informed decisions.
Stefan Rust, CEO and Founder of Truflation, highlighted the importance of this launch in providing customers with tools to handle the shifting economic landscape. At Truflation, they want to give our consumers the tools they need to adapt to a changing economy. The Deadlift Index, along with our customizable user-created indices, provides unparalleled flexibility in financial analysis, Rust stated.
Expanding Product Offerings for Investors
Truflation has been providing real-time economic and inflation statistics since its start in December 2021. The company has introduced a variety of market tools, including dedicated dashboards for tracking inflation rates in the United States, the United Kingdom, and Argentina.
Beyond the Deadlift Index, Truflation has generated interest in other indices such as the Vegan Index, which assesses companies committed to sustainability and moral values, and the Millennial Index, which targets organizations run by millennials or renowned for creative business strategies. The company also provides customizable options, allowing investors to develop unique indices based on their strategy. All Truflation indexes are backed by real-time data streams, which provide live updates on their underlying components.
While Truflation has made significant advances in the financial industry, it has encountered hurdles, including a recent cybersecurity attack. In September, the corporation claimed a $5 million theft as a result of malware infecting its systems. Truflation is aggressively working with law enforcement and industry partners to identify the hackers and get back the stolen assets. To incentivize information leading to the offenders, the firm has offered a $500,000 reward.
Truflation’s development of the Deadlift Index, as well as its continued dedication to innovation, has redefined how investors monitor market patterns and adjust to changing economic situations.
