Tellor Trading 22.5% Higher This Week (TRB)

Tellor (TRB) traded 3.1% higher against the US dollar during the 1-day period ending at 18:00 PM ET on March 18th. During the last week, Tellor has traded up 22.5% against the US dollar. Tellor has a market capitalization of $36.17 million and approximately $8.56 million worth of Tellor was traded on exchanges in the last 24 hours. One Tellor token can currently be bought for approximately $15.25 or 0.00055955 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded 1% lower against the dollar and now trades at $0.43 or 0.00001563 BTC.
• Aidi Finance (BSC) (AIDI) traded up 1.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 0.4% higher against the dollar and now trades at $0.0676 or 0.00000248 BTC.
• CareCoin (CARES) traded 0.4% higher against the dollar and now trades at $0.0839 or 0.00000308 BTC.
• OmniaVerse (OMNIA) traded 22.3% higher against the dollar and now trades at $0.0011 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded up 0.4% against the dollar and now trades at $100.35 or 0.00368039 BTC.
• FEG Token (FEG) traded 0.4% higher against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded up 1% against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded 0.4% higher against the dollar and now trades at $7,293.90 or 0.26750364 BTC.
• Lego Coin (LEGO) traded up 27.5% against the dollar and now trades at $0.0179 or 0.00000066 BTC.

Tellor Token Profile

Tellor launched on August 1st, 2019. Tellor’s total supply is 2,441,539 tokens and its circulating supply is 2,371,392 tokens. Tellor’s official Twitter account is @wearetellor and its Facebook page is accessible here. Tellor’s official message board is tellor.io/blog. The Reddit community for Tellor is https://reddit.com/r/tellorofficial/ and the currency’s Github account can be viewed here. Tellor’s official website is tellor.io.

According to CryptoCompare, “Tellor is an oracle system where miners compete to add data points to an on-chain data bank. Aiming to create a properly incentivized system, Tellor mints a native token, “Tributes” (TRB). Miners are incentivized to submit data using inflationary rewards, and which data types they update are chosen based upon the “tips” assigned to each query. Parties holding TRB can add a “tip” to a specific data type they want updated, then every 5 minutes the Tellor smart contract groups the top five most funded data types and creates a PoW challenge for miners to solve.

The first five miners to provide the PoW solution and the five off-chain data points are rewarded with newly minted tokens + the accumulated tips for the specific data requests. In addition to the security provided by the PoW process, our main layer of security comes through a deposit of TRB that acts as a bond or stake requirement in order for miners to participate in the PoW. The miners risk losing this stake if they submit data that is successfully disputed by TRB holders.

Tellor Tributes (TRB) are the native tokens of the Tellor. They are used to incentivize miners to provide data through base rewards and tips via user requests. They are used for governing valid data through disputes, and for system upgrades proposed and voted on by token holders.

In the Tellor system, 50% of tips go to miners (⅕ to each selected miner) and 50% of the tips are burned each block. The total supply of Tellor is determined by usage and mining rates. For the maximum supply, Tellor’s supply will grow at the rate of the base reward * 288 queries per day.”

Buying and Selling Tellor

It is usually not possible to purchase alternative cryptocurrencies such as Tellor directly using U.S. dollars. Investors seeking to acquire Tellor should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Tellor using one of the aforementioned exchanges.

TRB/USD price chart by TradingView