Tellor (TRB) Trading Down 24% Over Last Week

Tellor (TRB) traded 7.8% lower against the U.S. dollar during the one day period ending at 13:00 PM E.T. on April 3rd. One Tellor token can currently be purchased for about $23.46 or 0.00028674 BTC on major cryptocurrency exchanges. Tellor has a market capitalization of $62.33 million and $27.53 million worth of Tellor was traded on exchanges in the last 24 hours. Over the last seven days, Tellor has traded 24% lower against the U.S. dollar.

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

• 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.
• 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 (SOLVBTC) traded 6% lower against the dollar and now trades at $81,825.44 or 1.00018310 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 4.4% lower against the dollar and now trades at $81,463.14 or 0.99575450 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Tellor Token Profile

Tellor was first traded on August 1st, 2019. Tellor’s total supply is 2,739,387 tokens and its circulating supply is 2,657,048 tokens. Tellor’s official website is tellor.io. The official message board for Tellor is tellor.io/blog. Tellor’s official Twitter account is @wearetellor and its Facebook page is accessible here. 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 (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 currently possible to buy alternative cryptocurrencies such as Tellor directly using US dollars. Investors seeking to trade Tellor should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. 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