The current price of Tellor is $23.5600. Over the last 24 hours, Tellor has decreased by -4.85%. It currently has a circulating supply of 2,658,451 TRB and a maximum supply of 2,739,387 TRB, giving it a fully diluted market cap of $62.55M. At present, the Tellor coin holds the 206 position in market cap rankings. The Tellor/USD price is updated in real-time.
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Tellor (TRB) is a unique project in the dynamic world of cryptocurrencies, focusing on decentralized oracles and trustworthy data transmission for blockchain ecosystems. Its innovative approach and strong infrastructure have positioned Tellor as a crucial player, providing accurate and tamper-proof data feeds for decentralized applications (Dapps) and smart contracts.
What is Tellor?
Tellor is a decentralized Oracle platform developed on the Ethereum blockchain. Oracles bridge on-chain and off-chain data by providing external information to smart contracts. The main goal of Tellor is to facilitate secure access to high-quality, trustless data for DApps. Through a network of independent miners, Tellor ensures the accuracy, reliability, and resistance to manipulation of its data.
The Tellor team
The Tellor project was founded by Brendan Coburn and Nick Fett, who identified the necessity for a decentralized oracle solution to drive the expansion of the blockchain ecosystem. With a team of skilled developers and passionate blockchain enthusiasts, Tellor has gained considerable recognition and emerged as a prominent figure in the Oracle domain. The team's dedication to transparency, security, and active community involvement has been crucial to the project's achievements.
How does Tellor work?
Tellor utilizes a distinctive consensus mechanism known as Proof of Work Oracle (PoWo), which incorporates features of both Proof of Work mining and decentralized oracles. Within the PoWo consensus, miners compete to solve computational puzzles and submit data points to the Tellor smart contract. These data points are then aggregated, and the most precise value is determined and made available to Dapps and smart contracts.
TRB: Tellor's native token
TRB is the native utility token of the Tellor ecosystem, playing a vital role in governing the network, incentivizing miners, and accessing data feeds. TRB holders have voting power for system upgrades, parameter changes, and improvements, ensuring a decentralized decision-making process. Additionally, TRB is used as collateral for staking and participating in the consensus mechanism, which enhances the network's overall security.
Tellor tokenomics
Tellor's tokenomics feature a fixed supply of 2.4 million TRB tokens, designed to encourage network participation and maintain a healthy ecosystem. Miners receive newly minted TRB tokens as rewards for providing accurate data, while token holders can stake their TRB to participate in the consensus and earn additional rewards. The scarcity of TRB and its utility within the ecosystem contributes to its value proposition.
Tellor token use cases
TRB tokens have multiple use cases within the Tellor ecosystem. They act as a governance tool, enabling token holders to propose and vote on critical decisions. TRB is utilized as collateral for staking and participating in the consensus process, enhancing network security, and earning rewards. Moreover, these tokens can be used to access and subscribe to data feeds, allowing DApps and smart contracts to leverage high-quality and reliable information.
Tellor token distribution
The TRB token distribution followed a fair launch approach, ensuring equal opportunities for participants to acquire tokens. A portion of the tokens was allocated to early supporters, advisors, and the founding team. The remaining tokens were gradually released through mining rewards and ecosystem development efforts.
The future of decentralized oracles with Tellor
Tellor is at the forefront of revolutionizing decentralized oracles, empowering blockchain applications with reliable real-world data. Through its decentralized Oracle solution, Tellor enhances the efficiency and trustworthiness of smart contracts, providing tamper-proof data access for decentralized applications. With a dedicated team, innovative technology, and a robust token ecosystem, Tellor is poised to play a pivotal role in shaping the future of decentralized finance and driving widespread blockchain adoption.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 127 new posts about Tellor, driven by 71 contributors, and total online engagement reached 6.5K social interactions. The sentiment score for Tellor currently stands at 56%. Compared to all cryptocurrencies, post volume for Tellor currently ranks at 6442. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Tellor.
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Posts
127
Contributors
71
Interactions
6,533
Sentiment
56%
Volume rank
#6442
X
Posts
56
Interactions
1,039
Sentiment
88%
Tellor FAQ
What is Tellor?
Tellor is a decentralized Oracle platform built on the Ethereum blockchain, designed to facilitate access to accurate and reliable off-chain data for blockchain applications. By utilizing a network of miners, Tellor ensures the delivery of secure and tamper-proof data feeds to smart contracts.
What are the benefits of using TRB tokens?
TRB tokens offer several benefits to users within the Tellor network. As TRB holders, individuals can actively participate in the platform's governance, allowing them to propose and vote on significant decisions.
Additionally, staking TRB tokens will enable users to contribute to network security and consensus, leading to rewards for their active involvement. Moreover, TRB tokens are a gateway to accessing and subscribing to reliable data feeds, thus ensuring the trustworthiness and accuracy of decentralized applications and smart contracts.
Where can I buy TRB tokens?
Easily buy TRB tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include TRB/USDT. You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for TRB with zero fees and no price slippage by using OKX TR Convert.
How much is 1 Tellor worth today?
Currently, one Tellor is worth $23.5600. For answers and insight into Tellor's price action, you're in the right place. Explore the latest Tellor charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Tellor, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Tellor have been created as well.
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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