Tellor Price Hits $15.46 on Exchanges (TRB)

Tellor (TRB) traded 0.8% lower against the US dollar during the 24-hour period ending at 11:00 AM E.T. on March 19th. Tellor has a total market cap of $36.66 million and $6.73 million worth of Tellor was traded on exchanges in the last day. During the last week, Tellor has traded 24.7% higher against the US dollar. One Tellor token can now be bought for about $15.46 or 0.00056012 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded down 10.2% against the dollar and now trades at $0.39 or 0.00001431 BTC.
• Aidi Finance (BSC) (AIDI) traded down 0% 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 $0.0682 or 0.00000249 BTC.
• CareCoin (CARES) traded up 0.4% against the dollar and now trades at $0.0846 or 0.00000309 BTC.
• OmniaVerse (OMNIA) traded 45% higher against the dollar and now trades at $0.0013 or 0.00000005 BTC.
• Kitty Inu (KITTY) traded 0.4% higher against the dollar and now trades at $101.16 or 0.00369430 BTC.
• FEG Token (FEG) traded up 0.4% against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded 1% lower against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded up 0.4% against the dollar and now trades at $7,352.89 or 0.26853533 BTC.
• Lego Coin (LEGO) traded 8.5% lower against the dollar and now trades at $0.0164 or 0.00000059 BTC.

Tellor Profile

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

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 US dollars. Investors seeking to acquire Tellor should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Tellor using one of the exchanges listed above.

TRB/USD price chart by TradingView