Tellor Trading 14.2% Higher Over Last 7 Days (TRB)

Tellor (TRB) traded 3.5% lower against the dollar during the one day period ending at 12:00 PM ET on January 25th. Tellor has a total market cap of $37.95 million and approximately $11.59 million worth of Tellor was traded on exchanges in the last day. One Tellor token can now be purchased for $16.18 or 0.00071505 BTC on cryptocurrency exchanges. In the last week, Tellor has traded 14.2% higher against the dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded down 6.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 4.1% lower against the dollar and now trades at $0.0587 or 0.00000260 BTC.
• CareCoin (CARES) traded down 4.1% against the dollar and now trades at $0.0729 or 0.00000322 BTC.
• OmniaVerse (OMNIA) traded up 69.4% against the dollar and now trades at $0.0033 or 0.00000015 BTC.
• Kitty Inu (KITTY) traded 4.1% lower against the dollar and now trades at $90.22 or 0.00399028 BTC.
• Lunar (LNR) traded down 2.6% against the dollar and now trades at $0.0283 or 0.00000125 BTC.
• Hokkaidu Inu (HOKK) traded down 10% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• QANplatform (QANX) traded down 4.1% against the dollar and now trades at $6,332.78 or 0.28008854 BTC.
• 2G Carbon Coin (2GCC) traded 0.3% higher against the dollar and now trades at $135.64 or 0.00599913 BTC.
• Lego Coin (LEGO) traded 1.2% lower against the dollar and now trades at $0.0405 or 0.00000179 BTC.

Tellor Profile

Tellor was first traded on August 1st, 2019. Tellor’s total supply is 2,441,539 tokens and its circulating supply is 2,345,928 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 presently possible to buy alternative cryptocurrencies such as Tellor directly using US dollars. Investors seeking to acquire Tellor should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Tellor using one of the exchanges listed above.