TRB
Tellor
AUD
Market Cap
143.3M AUD
24H Trade Vol.
47.2M AUD
Total Supply
2.7M
All
1W
1M
1Y
Basic chart
Advanced chart
Price Changes
24H:
7D:
Instant
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Purchase Amount
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AUD
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Buy Tellor (TRB)

TRB is an Ethereum-based utility token that powers Tellor, a decentralised oracle for DeFi DApps. Their mission is to facilitate the transition of real-world data onto the blockchain and preserve a decentralized data system's integrity and security.


Here’s how it works. First, users send specific data queries to the oracle, and the TRB token is used to incentivise miners to mine new blocks of information. Miners then solve proof of work (PoW) challenges to compete for the ability to submit the requested data to the blockchain. Finally, after the Tellor oracle validates the data and adds it to the blockchain, the miners are rewarded with TRB.