WHALES MONEY TRAP: TRB COIN

What is Tellor?

Tellor is a decentralized “oracle” or information provider protocol that runs on the blockchain. Now you may be wondering what "oracle" means here. Essentially, oracles are like bridges that can transfer information from the real world to smart contracts on the blockchain.

To explain with an example; Let's say you used a smart contract to bet on the outcome of a football match. How will the smart contract know who won the match result? This is where oracles come into play. Oracle protocols like Tellor take outside information, like this match result, and transfer it reliably to contracts on the blockchain.

The feature of Tellor is that it performs this data transfer in a unauthorized and verifiable manner. Data providers, that is, individuals or institutions that bring this information to the blockchain, are rewarded with an incentive called TRB. Thus, many platforms such as DeFi (decentralized finance) applications can access up-to-date and reliable information thanks to Tellor.

So, what does TRB do in Tellor and what is TRB Coin? Let's examine this a little bit!

What is TRB Coin?

TRB Coin is the native token of the Tellor network and serves as the cryptocurrency of the platform. This coin is used as an incentive for information provision (reporting) transactions, especially on the Tellor network.

We mentioned that Tellor is a decentralized oracle protocol. So, what does TRB Coin do within the functioning of this protocol? TRB is essentially the fuel of the Tellor network. Designed as an ERC20-based utility token, TRB is issued as an incentive to information providers, i.e. data reporters, to provide timely and accurate information.

Simply put, when you work as an information provider on the Tellor network, you are rewarded with TRB for your contribution. This ensures that the information on the network is always up-to-date and accurate. This dynamic ensures that Tellor is a reliable and effective information bridge. This important role of TRB Coin enables it to attract attention and gain value in the cryptocurrency market.

Who owns TRB Coin / Tellor?

Tellor, which emerged in 2019, was implemented by a talented team from America to solve some important problems encountered in Ethereum.

This team consists of Brenda Loya, Nick Fett and Michael Zemrose.

TRB Coin future

Tellor has an important place in the crypto world as a decentralized oracle protocol. Oracles act as a bridge between blockchains and real-world data, which is especially critical for complex smart contracts like DeFi (Decentralized Finance) applications.

In recent years, the demand for oracle solutions has increased. The unique approach offered by Tellor takes one step forward in transferring accurate and up-to-date information to the blockchain by offering incentives to data providers.

However, competition is also increasing. Tellor is in a fierce battle between Chainlink, Band Protocol and other oracle services. Tellor's continued success will depend on the speed of adaptation, technological advances and community support.

In the long term, Tellor's future in the crypto ecosystem will be shaped by general trends in the industry and the needs of DeFi projects. Currently, Tellor's potential as a piece of critical infrastructure is great, but given the rapid changes and uncertainties in the industry, it is difficult to accurately predict Tellor's future.

What is the TRB Coin supply?

The circulating supply of TRB Coin is 1,703,442 TRB. The total planned supply amount is 2,441,539 TRB.

Why Is Tellor (TRB) Rising? Will the Rise Continue?

Recently, the cryptocurrency market has been going through a very active period and many altcoins are gaining value. One of these altcoins stands out as Tellor (TRB). One of the striking things about TRB is the incredible rise of TRB in the last five months. With a price starting from $7, the value of TRB reached $629, which surprised many people and aroused curiosity. So, what are the reasons behind Tellor's appreciation?

1.Strong Underlying Technology: Tellor is known as an Oracle platform. Oracles provide access to data outside the blockchain and help integrate real-world data into smart contracts. Tellor stands out for offering a robust and reliable Oracle solution.

2.Decentralized Data Provision: Tellor has a decentralized structure. This increases the reliability of the data provision process and reduces the risk of manipulation. The crypto community is increasingly interested in decentralized solutions, which could cause Tellor to be in demand.

3.Community Participation and Developer Interest: The success of a crypto project often depends on community participation and developer interest. Tellor has an active community and developer team. Constant updating and development of the project increases the confidence of investors and users.

4.DeFi (Decentralized Finance) Trends: Tellor has an important role for DeFi projects. DeFi refers to projects that offer traditional financial services in a decentralized manner. With the DeFi trend, demand for projects like Tellor may increase.

5.Overall Cryptocurrency Market Performance: The cryptocurrency market generally moves as a whole. The appreciation of Bitcoin and other major cryptocurrencies may cause altcoins to rise as well. Tellor may also be positively affected by this general market trend.


Frankly, I think that even if the technologies of such projects are really high quality and reliable, they are dangerous for investment and trading. What do you think, don't forget to comment and like.