What is Tellor TRB token ?
TRB Crypto: What Is It?
Tellor coin is a relative newcomer to the crypto market. It saw light in 2019. The headquarters of the project is based in the US. It is a secure oracle for DeFi DApps (decentralized applications in the sphere of decentralized finance). Tellor is decentralized too and it is built on the basis of Ethereum. Thanks to it, DApps obtain high-value data for smart contracts. Staked miners who participate in proof-of-work consensus keep the data feed stable and reliable.
To receive TRB nodes coins, miners send queries to the oracle network. If some users need that data, they can transfer more funds to the miners. Roughly every 10 minutes the oracle picks the best-funded query. The miners who express readiness to solve it need to cope with the challenge. They use the oracle contract to submit their off-chain data point and the PoW solution. Once the input is validated by the oracle, it will be saved on the chain and the reward will be transferred to the miners.
More Insights in the Tellor Token Economy
The total supply of the coin depends on its usage and mining rates. Its maximum supply grows in correlation with the number of queries per day.
When miners receive their tips, they get only 50% of the sum. The other 50% are burned with each block.
The developers share for the oracle implements equals 10%. The team of the project might spend these funds on improving the system and supporting research. They might use this money to build developer tools that will facilitate the use of Tellor in production deployments. Also, they rely on their tokens to vote on upgrades to the system's contracts.
The marketing team requires financial support to promote the project among crypto enthusiasts and the IT community. Plus, these funds might come in handy for creating and distributing mining software. Last but not least, the developers' share ensures community participation and fair voting for disputes.
TRB coin price
At the moment of this text being written, the price Tellor equaled $44.21. Its all-time maximum price was $89.66 in August 2020 and its all-time minimum was $1.11 in November 2019. Those who used the TRB tools of the trade wisely could make a 3332.27% ROI on this coin.
The market capitalization of the TRB coin reaches $74,726,345.37. Its circulating supply equals 1,703,442 TRB, its maximum supply is 1,707,842,TRB and total supply is 1,784,082 TRB.
According to the TRB Coinmarketcap statistics, this coin is ranked #366. That is not the most impressive result — yet it is understandable because the project is still young.
TRB coin is traded in over 40 market pairs on numerous exchanges. Among all the platforms that allow users to buy and sell this token, you might want to choose cryptocurrency ecxhange P2B. This centralized exchange can boast of an impeccable reputation and offers its customers excellent conditions for trading. Its headquarters is located in London.
How to buy Tellor TRB crypto token?
Both newbies and seasoned traders value P2B highly. You might want to purchase TRB at this platform for the following reasons.
- It is remarkably safe. Over 95% of tokens, including Tellor coins, are stored in cold wallets so that third parties can never get hold of them.
- It is outstandingly quick. Every second, it can process up to 1,000,000 TCP connections and 10,000 trades.
- You can purchase TRB coins right from your bank card, using dollars. You buy many other coins with fiat money too and carry out financial transactions in the opposite direction.
- The exchange rate of all the coins is always competitive.
- The exchange fees are affordable.
- No matter which token you want to purchase, there will be enough supply.
- The multilingual and highly professional support team is available 24/7.
Besides, the platform has a lucrative referral program and its native token. Both can help you to earn more money with minimal effort (think of passive income!).
How Does the P2B Referral Program Work?
The P2B administration realizes the power of the word of mouth very well. It offers customers a financial reward if they invite new users to the project. The procedure is genuinely simple. All you need to do is:
- Sign up for the platform.
- Log in to your account.
- Proceed to your user profile.
- Generate a unique invitation link.
- Share this link anywhere where it will be welcomed and not considered spam: in private messages, on profile sites and forums.
After newbies register on the site with your link, you will start receiving a fee for each transaction they make. You will not need to do anything yourself — just enjoy the passive profit!
Recently, P2B introduced its own PACT token. It enables its users to receive larger rewards in terms of the referral program and minimize their trading commissions. PACT allows its holders to participate in exclusive token airdrops and receive many other perks.
Investing in TRB ?
Hopefully, this article came in handy and now you understand the multiple benefits of Tellor. Buying this token will be a smart investment that might bring you considerable profit in the future. Consider purchasing it at P2B because you will also be able to earn passive income at this exchange and enjoy the privileges that its native token grants to its holders.