Tellor 1-Day Trading Volume Tops $9.01 Million (TRB)

Tellor (TRB) traded 2.3% lower against the US dollar during the one day period ending at 9:00 AM E.T. on July 19th. One Tellor token can now be bought for about $15.09 or 0.00023443 BTC on popular exchanges. Tellor has a market capitalization of $42.22 million and approximately $9.01 million worth of Tellor was traded on exchanges in the last day. Over the last week, Tellor has traded down 0.2% against the US dollar.

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

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• UZDT (UZDT) traded up 0% against the dollar and now trades at $1.00 or 0.00001555 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 0.7% higher against the dollar and now trades at $64,430.54 or 1.00077422 BTC.

About Tellor

Tellor’s genesis date was August 1st, 2019. Tellor’s total supply is 2,876,348 tokens and its circulating supply is 2,797,126 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 possible to buy alternative cryptocurrencies such as Tellor directly using U.S. dollars. Investors seeking to trade Tellor should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Tellor using one of the exchanges listed above.

TRB/USD price chart by TradingView