Tellor Tops 24 Hour Trading Volume of $8.32 Million (TRB)

Tellor (TRB) traded 2.4% lower against the US dollar during the one day period ending at 0:00 AM ET on March 18th. Tellor has a total market cap of $36.46 million and $8.32 million worth of Tellor was traded on exchanges in the last 24 hours. One Tellor token can now be bought for $15.38 or 0.00056532 BTC on exchanges. During the last week, Tellor has traded 23.5% higher against the US dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded 9.3% lower against the dollar and now trades at $0.40 or 0.00001488 BTC.
• Aidi Finance (BSC) (AIDI) traded down 0.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 1.9% against the dollar and now trades at $0.0667 or 0.00000246 BTC.
• CareCoin (CARES) traded 1.9% lower against the dollar and now trades at $0.0827 or 0.00000306 BTC.
• OmniaVerse (OMNIA) traded 47.8% higher against the dollar and now trades at $0.0012 or 0.00000005 BTC.
• Kitty Inu (KITTY) traded down 1.9% against the dollar and now trades at $98.93 or 0.00365664 BTC.
• FEG Token (FEG) traded 1.9% lower against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded 1.3% lower against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded 1.9% lower against the dollar and now trades at $7,190.88 or 0.26577750 BTC.
• Lego Coin (LEGO) traded up 21.2% against the dollar and now trades at $0.0171 or 0.00000063 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 official message board for Tellor 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. The official website for Tellor is tellor.io. Tellor’s official Twitter account is @wearetellor and its Facebook page is accessible here.

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.”

Tellor Token Trading

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

TRB/USD price chart by TradingView