Buy Tellor Tributes (TRB)
What is Tellor Tributes?
Tellor Tributes (TRB) is the native token of the Tellor Oracle Protocol. It is a decentralised, Ethereum-based ERC-20 token designed to provide reliable data feeds to blockchain-based applications. TRB is used primarily for incentivising data reporting, dispute resolution, and network governance.
How does Tellor Tributes work?
Tellor Tributes operates on the Tellor Oracle Protocol by leveraging a decentralised network of data reporters. These reporters submit off-chain data in response to data requests initiated by users. The submitted data is verified and stored on-chain, ensuring immutability and security. TRB tokens are used as incentives for data reporting and for participating in dispute resolution and governance processes. The system also includes a Proof of Work (PoW) mining process with staking requirements to secure the network.
What are the potential use cases for Tellor Tributes?
Tellor Tributes can be utilised across various sectors and applications, including:
- Decentralised Finance (DeFi) Platforms: Providing accurate off-chain data for financial products and services.
- Prediction Markets: Ensuring reliable data feeds for forecasting events.
- Blockchain-based Applications: Requiring real-time data such as asset prices or weather information.
These use cases extend to industries such as financial services, insurance, supply chain management, and gaming.
What is the history of Tellor Tributes?
Tellor was founded in 2019 by Brenda Loya, Nicholas Fett, and Michael Zemrose, aiming to solve the oracle problem encountered in their previous project, Daxia. The project raised funds from notable investors like Binance Labs and developed a decentralised oracle system providing secure and reliable data feeds. The technology has evolved to utilise a PoW mining process with staking to secure the network. This evolution has expanded its integration with various blockchain platforms and partnerships with leading DeFi projects.
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Frequently Asked Questions (FAQs)
What is the current price of Tellor Tributes (TRB)?
The Tellor Tributes price is $97.65 AUD, representing a +8.54% from the day prior.
Where is the best place to buy Tellor Tributes (TRB) in Australia?
The best place to buy Tellor Tributes (TRB) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Tellor Tributes (TRB) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Tellor Tributes (TRB)?
The trading volume of Tellor Tributes (TRB) is $108.1M AUD in the last 24hrs, representing a +8.54% from the day prior.
How can I buy Tellor Tributes (TRB)?
Tellor Tributes (TRB) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Tellor Tributes (TRB)?
The current market cap of Tellor Tributes (TRB) is $257.9M AUD.
Can I convert Tellor Tributes (TRB) to cash?
Yes - With Coinstash you can convert your Tellor Tributes (TRB) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Tellor Tributes (TRB) are there?
The current circulating supply of Tellor Tributes (TRB) is 2.6M.
Is Coinstash a safe place to buy Tellor Tributes (TRB) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Tellor Tributes (TRB) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.