Tellor (TRB) Reaches Self Reported Market Cap of $54.53 Million

Tellor (TRB) traded 3.3% lower against the US dollar during the 1-day period ending at 10:00 AM E.T. on May 12th. One Tellor token can now be bought for about $19.60 or 0.00024360 BTC on major cryptocurrency exchanges. Tellor has a total market cap of $54.53 million and approximately $32.49 million worth of Tellor was traded on exchanges in the last day. During the last seven days, Tellor has traded 0.9% lower against the US dollar.

Here is how other cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Solstice eUSX (EUSX) traded 0% higher against the dollar and now trades at $1.03 or 0.00001281 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.9% higher against the dollar and now trades at $81,227.89 or 0.99608675 BTC.
• SolvBTC (SOLVBTC) traded 0.4% lower against the dollar and now trades at $80,604.73 or 1.00170026 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Tellor Token Profile

Tellor was first traded on August 1st, 2019. Tellor’s total supply is 2,857,189 tokens and its circulating supply is 2,781,948 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 official website for Tellor is tellor.io. The Reddit community for Tellor is https://reddit.com/r/tellorofficial/ and the currency’s Github account can be viewed 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 (? 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. Telegram, Discord, MediumWhitepaper”

Buying and Selling Tellor

It is usually not presently 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 GDAX, Coinbase 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