![TRB](https://images.mudrex.com/TRB.png)
Tellor Tributes
TRB
Watchlist
₹5,039.47
LIVE
Watchlist
24H Low ₹4,904.17
24H High ₹5,135.09
Price of TRB today
The current live price of TRB today is ₹5,039.47, with a 24-hour trading volume of ₹1,72,77,24,109.06. Our TRB to INR price is updated in real-time. TRB has seen a increment of 3.48% in the last 24 hours. With a live market cap of ₹13,13,08,52,192.50 , the circulating supply is at 2,614,025 TRB coins, with a maximum supply of 2,671,761TRB coins.
Tellor Tributes Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | ₹113.65 | 2.31% |
7 Days | -₹582.69 | 10.4% |
30 Days | -₹258.87 | 4.87% |
1 Year | ₹2,880.99 | 142.08% |
Tellor Tributes Price Information
Price Change (1hr)
2.42%
Price Change (24hr)
2.31%
Price Change (7d)
10.4%
Tellor Tributes Market Stats
Market Cap
₹13,13,08,52,192.50
Fully Diluted Market Cap
₹13,42,08,73,474.71
24hr Volume
₹1,72,77,24,109.06
44.11%
Circulating Supply
2614025 TRB
Total Supply
2671761 TRB
Things to know about Tellor Tributes
What is the token?
Abbreviated as TRB, Tellor is a decentralized oracle protocol that provides a secure and transparent way for smart contracts on various blockchain networks to receive external data. It is designed to be permissionless, allowing anyone to participate as a data reporter or validator. The protocol incentivizes accurate data reporting through a network of miners who compete to submit data and are rewarded with TRB tokens. Tellor’s system ensures that the data can be provided by anyone and checked by everyone, making it a trustless source of information for decentralized applications, especially in the DeFi sector.
Tokenomics
Rewards
: Miners are rewarded with TRB tokens for successfully reporting data.
Staking
: Reporters must stake TRB tokens as collateral to participate and can lose their stake if they report malicious data.
Governance
: TRB holders can participate in the governance of the protocol, proposing and voting on changes.
Dispute Resolution
: TRB is used to initiate disputes over data quality, with the community voting on the outcome.
Fixed Supply
: The token has a fixed supply, which encourages participation and maintains ecosystem health.
Total Supply
: The maximum supply is 2.60M TRB tokens.
Market Data
As of today #{today’s date}, the price of Tellor Tributes is ₹5,039.47 INR or 55.87 USD, with a 24-hour trading volume of 19154369.28 USD. The market capitalisation for Tellor Tributes is 145574858.01USD. The circulating supply is 2614025 Tellor Tributes, with the total supply also being 2671761 Tellor Tributes.
Token Pros and Cons
Pros:
Decentralization
: Tellor’s permissionless nature ensures a decentralized approach to data reporting and validation.
Security
: The staking mechanism and dispute resolution process provide security against false reporting.
Incentive Alignment
: The tokenomics align the incentives of users, reporters, and token holders to ensure the integrity of the data.
Governance Participation
: TRB holders have a say in the protocol’s governance, allowing for community-driven development.
Cross-Chain Functionality
: Tellor is built to operate across multiple blockchains, increasing its utility and reach.
Cons:
Market Volatility
: As with most cryptocurrencies, TRB is subject to market volatility which can affect its value.
Complexity for Users
: The process of staking, reporting, and disputing may be complex for average users.
Competition
: Tellor faces competition from other oracle services, which could impact its adoption.
Regulatory Uncertainty
: The evolving regulatory landscape for cryptocurrencies could affect Tellor’s operations.
Technical Risks
: As a complex protocol, there may be technical risks or vulnerabilities that could be exploited.
Why Should You Invest in the coin?
Growing DeFi Sector
: Tellor serves the expanding DeFi market, which is increasingly in need of reliable oracles.
Community Governance
: The ability for TRB holders to participate in governance can lead to a more robust and user-aligned protocol.
Incentivized Participation
: The reward system for data providers encourages active participation and network growth.
Security Measures
: The staking and dispute mechanisms provide a level of security that can build trust in the protocol.
Cross-Chain Potential
: The protocol’s design for cross-chain functionality positions it well for future blockchain integrations.
USP of the coin
Transparent and Permissionless
: Tellor’s open network allows for transparent and permissionless participation in data reporting and validation.
Decentralized Governance
: TRB holders can influence the protocol’s direction, ensuring it evolves with the community’s interests.
Flexible Data Types
: Tellor supports a variety of data types, making it adaptable for different use cases.
Problem the coin is solving
Tellor addresses the challenge of bringing external, real-world data onto blockchain networks in a secure, decentralized, and trustless manner. It solves the oracle problem for smart contracts that require external data to execute their logic, particularly in the DeFi space.
Founder and team background
Tellor was co-founded by Brenda Loya, Nicholas Fett, and Michael Zemrose. The Tellor team is composed of individuals with a blend of expertise in blockchain technology, software development, economics, and finance. This multidisciplinary approach has enabled Tellor to develop a decentralized oracle solution that addresses the needs of the DeFi market and beyond. The team’s commitment to transparency, security, and community governance reflects in the design and implementation of the Tellor protocol.
ICO Price
Tellor was launched with a fair token distribution, and there was no ICO or premine. This means that the tokens were distributed in a manner aimed at fairness without a pre-sale or initial public offering to investors.
Risks Associated in Investing in the Coin
Market Volatility
: The price of TRB can be highly volatile, leading to potential losses.
Regulatory Risks
: Changes in regulations could negatively impact the protocol’s operation and token value.
Technical Risks
: Potential bugs or vulnerabilities in the protocol could lead to security issues.
Competition
: Strong competition from other oracle services could reduce Tellor’s market share.
Adoption Challenges
: The success of TRB is tied to the adoption of the Tellor protocol, which is not guaranteed.
Whitepaper Insights
The Tellor whitepaper outlines the framework and operational mechanics of the Tellor oracle system, a decentralized and permissionless protocol designed to provide secure and reliable data to smart contracts on the Ethereum blockchain. The protocol incentivizes a network of miners to fetch off-chain data and record it on-chain, ensuring that smart contracts can execute based on accurate and timely information from the real world.
At the core of Tellor’s system is the TRB token, known as Tributes, which serves multiple functions within the ecosystem:
Payments
: Users pay TRB to request specific data, and miners are rewarded in TRB for successfully submitting data on-chain.
Security Deposits
: Miners must stake a deposit of TRB to participate in the data reporting process. This stake can be slashed if they submit incorrect data, which is determined through a dispute process.
Dispute Resolution and Governance
: TRB is used for voting on the validity of data and for governance decisions within the Tellor community.
The whitepaper emphasizes the importance of security and decentralization, with a focus on creating a robust system that can resist manipulation and provide trustworthy data inputs to smart contracts. Tellor uses a hybrid Proof-of-Work (PoW) consensus algorithm, which, along with the PoW solution, requires miners to provide an off-chain data point. To ensure the integrity of the data, miners must deposit a significant number of tokens as a stake.
Tellor’s oracle network is designed to be flexible and can support various types of data, from basic spot prices to more complex data needs like TWAP/VWAP or Snapshot Vote Results. The protocol is built to be adaptable for any verifiable data, aiming to bridge the gap between off-chain information and on-chain smart contract requirements.
The whitepaper likely details the technical architecture of the Tellor system, including the data reporting and validation process, the staking and dispute mechanisms, and the governance model that allows TRB holders to participate in the decision-making process. It also discusses the challenges of providing decentralized oracles and how Tellor’s design addresses these issues to create a secure and decentralized network for data provision.
Furthermore, the whitepaper may outline the future development roadmap, potential use cases, and the strategic vision for Tellor’s integration across multiple blockchain platforms. The goal is to establish Tellor as a key component of the global blockchain infrastructure, enabling smart contracts to interact seamlessly with real-world data.
In summary, the Tellor whitepaper presents a comprehensive view of a decentralized oracle system that prioritizes security, transparency, and community governance to provide reliable data for the burgeoning field of decentralized finance and other blockchain applications.
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Price as per 11:26 PM • 07 Sep 2024
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What is the price of Tellor Tributes (TRB)?
The current price of Tellor Tributes (TRB) in INR is ₹5,039.47 INR.
What is the current TRB market cap?
The current market capitalization of Tellor Tributes (TRB) is ₹13,13,08,52,192.50 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of TRB by the number of coins in circulation.
What is the current supply of Tellor Tributes (TRB)?
The current supply of Tellor Tributes (TRB) is 2614025 TRB. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of Tellor Tributes (TRB)?
The 24-hour trading volume of Tellor Tributes (TRB) in INR is ₹1,72,77,24,109.06. This figure represents the total value of all TRB transactions across various exchanges within the last 24 hours.
How to Buy Tellor Tributes (TRB) in India?
To buy Tellor Tributes (TRB) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in TRB.
Can I buy Tellor Tributes (TRB) with UPI?
Yes, you can buy Tellor Tributes (TRB) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert Tellor Tributes (TRB) to Indian Rupee (INR)?
To convert Tellor Tributes (TRB) to Indian Rupee (INR), you can use our TRB/INR conversion rates in real time.