Tellor (TRB) is a decentralized oracle platform, launched in 2019, enhancing DeFi with reliable, incentivized data reporting. More
| Fully Diluted Valuation | $89.96M |
|---|---|
| 24H Trading Volume | $29.15M |
| 24H Low / High | $32.31 / $ 35.20 |
| Circulating Supply | 2.72 M |
| Total Supply | 2.78 M |
| Max Supply | ∞ |
| Categories | Ethereum Ecosystem 11 more |
|---|---|
| Founder | Brenda Loya 1 more |
| Website | tellor.io |
| Socials | 4 more |
| Chains | Ethereum Ecosystem 6 more |
| Explorer | Manta 9 more |
| Contracts |
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6 more
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| Name | Pair | OG Score |
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Tellor (TRB), launched in 2019, stands as a pivotal decentralized oracle platform within the DeFi (Decentralized Finance) sector. It's designed to provide high-quality, reliable off-chain data, such as price points, to blockchain applications, primarily in the DeFi landscape. The platform operates on a unique system where requests for data outside the blockchain are submitted, and miners compete to add this data to the on-chain data bank. This process ensures the availability of valuable, timely data for decentralized applications (dApps), making Tellor an indispensable component in the DeFi ecosystem.
At the heart of the Tellor ecosystem lies the TRB token, which plays a crucial role in stimulating network participation. This token is used to request data, incentivize miners, and facilitate data verification through a robust governance mechanism. Miners are rewarded with TRB tokens for submitting accurate data, while incorrect submissions are penalized, ensuring the integrity and reliability of the information provided. This incentive model not only encourages honest data reporting but also enhances the overall security of the network.
Tellor’s founders, Brenda Loya, Nick Fett, and Michael Zemrose envisioned a platform that addresses the oracle problem on the Ethereum blockchain. Their background in blockchain technology, data science, and business development has been instrumental in Tellor's growth and adoption. The platform's open, permissionless approach to data reporting and validation ensures that anyone can contribute to and verify the data, fostering a transparent and decentralized environment. This aspect, combined with its flexibility to support a range of applications and its commitment to data accuracy, positions Tellor as a unique and vital player in the evolving world of blockchain and DeFi.
Tellor (TRB) is unique for its decentralized oracle system that offers high-quality, reliable off-chain data, primarily for DeFi applications, incentivizing accurate data reporting and enhancing network security.
Tellor was founded by Brenda Loya, Nick Fett, and Michael Zemrose, who brought together their expertise in blockchain technology, data science, and business development.
Tellor get support from Binance Labs, Framework Ventures and other investors and backers.
Tellor uses a Proof-of-Work (PoW) consensus mechanism, supporting staking with miners required to stake tokens for participation and voting in the Tellor Improvement Proposals.
You can buy Tellor Tributes (TRB) on Binance, BitgetGate.ioOKXCoinbase cryptocurrency exchanges.
