Tellor Price in India (TRB)

Tellor is a decentralized oracle network on Ethereum that delivers real-world data to smart contracts and DApps. Since blockchains can’t directly access external data, Tellor bridges this gap with trustless, secure oracles essential for DeFi and other applications, ensuring reliable, censorship-resistant off-chain data. The network is powered by its native token, TRB.

Tellor (TRB) was co-founded by Brenda Loya, Nick Fett, and Michael Zemrose in 2019 to address the oracle problem within the Ethereum blockchain.

• TRB token: TRB is the native token of the Tellor network, used for staking, rewarding data reporters, and participating in governance.

• Multi-chain capability: Tellor expands oracle services beyond Ethereum to other blockchain ecosystems.

• Permissionless data submission: On Tellor, anyone can become a data reporter by staking TRB and submitting requested data.

• Staking and security mechanism: The platform requires stakers to lock TRB as collateral, deterring malicious activity with a dispute-slash system.

TRB is a promising crypto for those interested in decentralized data solutions, as it offers a secure, transparent, and trustless oracle network that can deliver reliable off-chain data to smart contracts across Ethereum and other blockchains. Its open-source, community-driven model and built-in dispute mechanism add to its credibility. However, TRB faces tough competition from established players like Chainlink.

You can buy TRB from crypto platforms like CoinSwitch.

• TRB can be bought and traded on crypto platforms like CoinSwitch. 

• TRB is used to incentivize accurate data provision on the Tellor network.

• Token holders can stake the TRB token for network participation and staking rewards. 

• It also allows token holders to vote on disputes and future upgrades.

• Tellor is a decentralized Oracle Network that eliminates reliance on a single data provider, improving trust and resilience.

• It uses proof-of-work mining, staking, and a dispute mechanism to ensure accurate data.

• Tellor is fully integrated with Ethereum and EVM-compatible chains, widening its utility.

• TRB is subject to market volatility like all cryptos.

• Proof-of-work model requires significant energy and hardware resources.

• Faces strong rivals like Chainlink and Band Protocol in the oracle space.

• Start investing in TRB with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolio on the app.

Tellor launched its pre-seed round in June 2018, raising $150,000 from investors including Framework Ventures, DAO Maker, LuneX Ventures, and NovaBlock Capital. A seed round followed this in March 2019, where Tellor secured an additional $250,000 from YZi Labs (formerly Binance Labs). The project’s Token Generation Event (TGE) occurred on November 19, 2019, officially launching the TRB token.