Tellor (TRB) is a decentralized oracle platform that enables smart contracts on the Ethereum blockchain to securely and reliably access off-chain data. Oracles are a key component of blockchain-based smart contracts, as they allow the contracts to interact with external data sources, such as price feeds, weather data, and other real-world events.
Tellor is designed to provide a more decentralized and secure oracle solution compared to traditional centralized oracles. The platform uses a network of independent "miners" who compete to provide data to smart contracts in exchange for rewards in TRB tokens.
The miners are incentivized to provide accurate and timely data by a combination of block rewards and a reputation system that penalizes inaccurate or delayed data submissions. Tellor uses a proof-of-work consensus mechanism, similar to that used by Bitcoin, to secure its network and prevent double-spending and other attacks.
Tellor's architecture is designed to provide a high level of transparency and auditability, as all data submissions and rewards are recorded on the Ethereum blockchain. The platform also provides a set of developer tools and APIs to make it easy for developers to integrate Tellor into their smart contracts.
Where to buy TRB Token
You can find TRB Token here at CoinTR Exchange! We are listing TRB/USDT on Spot Market and support up to 25X TRBUSDT Perpetual Futures!
What is the Price of TRB
The price of the TRB token is $14.45 per unit. It has a market cap of $24,615,323 and a fully diluted market cap of $35,281,084. It also has a 24-hour trading volume of $3,969,608. You can check the live price of their token right here!
How to buy TRB
Looking for a way to buy TRB. You can purchase TRB on CoinTR following the steps:
1. Log in your CoinTR account and click [Markets]. Click on [Spot].
2. Search “TRB” using the search bar to see the available trading pairs. Take TRB/USDT as an example,click [Trade].
3.Go to the [Spot] box. Enter the amount of TRB you want to buy. You can choose from opening a Limit order or a Market order. Take Market order as an example. Click [Buy TRB] to confirm your order. You will find the purchased TRB in your Spot Wallet.
Disclaimer: The views, thoughts, and opinions expressed in the article shall not be considered as investment advice and do not reflect the position of CoinTR, please use it at your own risk.