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See the live Tellor price UK. Buy Tellor in the UK or add it to your Crypto Strategy.

Tellor

TRB

TRB to GBP Price

£88.02

Tellor Market Cap

£226.82M

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TRB GBP price chart / performance

TRB GBP price chart / performance

|
From
May 22, 2024
To
May 29, 2024

Returns

Returns

Return (24h)
+4.00%
Return (7D)
-1.43%
Return (1M)
+100.06%
Return (1Y)
+807.95%

My Investment

My Investment

Profit Taken
£0.00
0.00%
You Have:
Unrealised P/L
£0.00
0.00%

Tellor (TRB) History and Overview

Tellor (TRB) History and Overview

Tellor (TRB) emerges as a decentralized oracle network that bridges the gap between smart contracts on the Ethereum blockchain and external data sources. This innovative platform is engineered to provide Ethereum-based decentralized applications (DApps), particularly those in the decentralized finance (DeFi) sector, with secure, transparent, and reliable off-chain data. By facilitating a trustless environment for data exchange, TRB crypto addresses a critical challenge in the blockchain ecosystem: the accessibility of external data to smart contracts without compromising on decentralization or security.

At its core, Tellor is designed to solve the inherent limitations of smart contracts in accessing off-chain data. Traditional smart contracts on Ethereum are restricted to the data within the blockchain. Tellor revolutionizes this by enabling smart contracts to securely interact with off-chain data, thus expanding their utility and efficiency. The network relies on a network of reporters, or staked miners, who are incentivized to provide accurate and timely data to the blockchain. These reporters, through a proof-of-work consensus mechanism, compete to submit this data, ensuring the network remains decentralized and trustless.

TRB, the native utility token of the Tellor network, plays a pivotal role in maintaining and operating the ecosystem. Operating as an ERC-20 token on the Ethereum blockchain, TRB is utilized primarily to incentivize the reporters for their contributions to the network. Beyond its role in rewards, TRB also serves as a governance token, allowing holders to participate in vital decisions regarding the network's future, including disputes, upgrades, and policy changes. This dual functionality underscores TRB's importance in aligning the interests of all network participants towards the common goal of providing reliable data to DApps. The live Tellor to GBP conversion is £ 88.16.

Tellor's operational model is elegantly simple yet profoundly impactful. By leveraging the proof-of-work mechanism, it ensures that the process of submitting data to the network is both secure and competitive. Miners, or reporters, stake TRB tokens as a commitment to honest reporting. They then solve computational challenges to submit data requests, with successful submissions rewarded in TRB. This model not only incentivizes accuracy but also protects the network from malicious actors through the staking mechanism.

What sets Tellor apart in the crowded space of blockchain projects is its commitment to decentralization and trustless data provision. The network updates its data feeds every five minutes, ensuring that DApps have access to the most current information without the need for intermediaries. This system not only enhances efficiency and reduces costs but also significantly mitigates the risk of data manipulation. Furthermore, the Tellor ecosystem is designed to be self-sustaining, with a portion of the transaction fees (tips) being burned to counteract inflation, thereby ensuring the long-term viability and stability of the TRB token.

Launched in 2019 by co-founders Brenda Loya and Michael Zemrose, Tellor was born out of a necessity to address the oracle problem within the blockchain industry. The team's background in blockchain, data science, and scalability has been instrumental in Tellor's development and success. As the network continues to grow, the value of TRB and its utility within the ecosystem evolves, driven by the demand for reliable off-chain data and the network's capacity to meet this demand.

With a circulating supply of 2,560,424 TRB and no capped maximum supply, Tellor introduces a dynamic economic model. The network's inflation is carefully managed through rewards to miners and a burning mechanism tied to the tipping system. This approach ensures that while the network remains adequately incentivized, the value of TRB is protected against inflationary pressures over time. The current price of 1 TRB in GBP is £ 88.16.

How To Buy Tellor or Add it to your Strategy

The fastest, most convenient way to purchase Tellor is to purchase it on ICONOMI. We check Tellor live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Tellor by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Tellor is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Tellor, we recommend you read the next section, as copying might be a better approach.

Add Tellor to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Tellor in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Tellor TRB. See all Tellor price predictions in real time and make the best use of their crypto knowledge.

Avatar
@MomenJaradat
21 May, 2024

Assets listed on @ICONOMI and classified within the Infrastructure Applications sector


[Generative AI, AI & Big Data, IoT, DePIN, Distributed Computing, Sharing Economy, Filesharing, Oracle, Storage, Identity]


$LINK

$FET

$RNDR

$FIL

$GRT

$AR

$THETA

$PYTH

$QNT

$AGIX

$JASMY

$IOTA

$OCEAN

$ANKR

$SC

$TRB

$UMA

$RLC

$BAND

$POWR

$CVC

$BLZ

$STORJ

$IRIS

$ADX


▪️ Generative AI and AI & Big Data focus on advanced artificial intelligence and data analytics capabilities.


▪️ IoT (Internet of Things) and DePIN represent interconnected devices and decentralized infrastructure networks.


▪️ Distributed Computing involves computational processes distributed across multiple locations.


▪️ Sharing Economy and Filesharing highlight the collaborative consumption models and data exchange mechanisms.


▪️ Oracles bridge real-world data with blockchain systems.


▪️ Storage and Identity pertain to data storage solutions and digital identity management.


You may disagree with me regarding the classification of some assets, such as THETA, POWR, QNT, ADX.


But you must match me with the rest of the assets because they are only one group based on set theory.


🔵The Strategist

@MomenJaradat

6 people like this
Rocksteady
31 Dec, 2023

The market is consolidating awating a decision on $BTC ETFs expected Tuesday or Wednesday 👀

Meanswhile we bought the dip on $INJ and added $TRB to our structure. Expecting a lot more upside from both.

2 people like this
Avatar
@AndyStorm
24 Mar, 2022

$TRB want to fly again!!IMO can go to the ATH of 164$ (22$ now).


This very lower Mcap gem can bring a good profit!


https://www.iconomi.com/asset/cryptoallien?refCode=G9z82


enjoy to me here



Post image
4 people like this

🤷‍♂️ I know...I forgot about this coin. There will come other opportunity în this Bull market.

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Tellor Price FAQ

What Is the Highest Price of Tellor in GBP?

Tellor price UK history shows the highest value of 205.11 GBP . We recorded this price on December 31, 2023, but we cannot exclude that a higher price was registered before February 3, 2021.

What Is the Lowest Price of Tellor in GBP?
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What Is the Current Tellor Price UK in GBP?
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