Tellor is a decentralized network that brings real-world data onto blockchain-based smart contracts.

Founded in 2019, Tellor is designed to ensure that off-chain data used by blockchain applications is accurate and verifiable.

The TRB token (Tellor Tributes) is the native cryptocurrency of the ecosystem. It is used to secure the network, reward data reporters, and support governance decisions within the protocol.

How Does Tellor (TRB) Work?

Tellor operates on a simple reward-and-penalty mechanism:

Data Providers Compete: Participants who supply data compete to submit accurate information to the network. For example, they may volunteer to provide the current price of a cryptocurrency.

Collateral System: Data providers must lock a certain amount of TRB tokens as collateral. This acts as a guarantee of their confidence in the accuracy of the data they submit.

Verification and Disputes: If incorrect or misleading data is submitted, other participants can challenge it. This triggers a verification process to resolve the dispute.

Rewards and Penalties: If the submitted data is correct, the provider is rewarded with TRB tokens. If the data is proven to be false, the locked collateral is destroyed.

Through this mechanism, Tellor aims to ensure that external data remains accurate and up to date at all times, without relying on any intermediary or single central authority. Instead, the system is secured and verified through community oversight.

Key Facts About Tellor (TRB)

• Tellor is a decentralized oracle protocol founded in 2019.
• It provides services across multiple blockchain networks.
• TRB is the native token of the Tellor ecosystem.
• The TRB token plays a key role in the system’s operation and can be used as collateral.
• TRB also functions as a governance token, granting holders voting rights on platform decisions.
• Explore Tellor’s official website here and discover more detailed information here.

How to Store Tellor (TRB)?

You can store and manage your TRB tokens using browser, desktop, mobile, and hardware wallets that support the Ethereum blockchain.

How to Buy and Sell Tellor (TRB)?

You can buy and sell Tellor (TRB) with Tether (USDT) using the BtcTurk | Global website or mobile app. If you’re not yet a member, you can easily register on our website or app and buy Tellor (TRB) by depositing cryptocurrency.