How many trb coins are there in total?
- WBOYOriginal
- 2024-07-05 12:08:56279browse
The total supply of Tellor (TRB) coins is 100,000,000. TRB coins have the following uses in the Tellor network: (1) validator collateral; (2) staking rewards; (3) governance voting; (4) data request fees.
Total TRB coins: 100,000,000
Detailed introduction:
Tellor (TRB) is a decentralized oracle network that provides reliable data for smart contracts on the blockchain. TRB coin is the native token of the Tellor network and has the following uses:
Validator Collateral: Validators need to stake TRB coins to participate in the network and provide data.
Staking Rewards: Verifiers are rewarded with TRB coins by providing accurate data to the network.
Governance Voting: Token holders can participate in network governance by staking TRB coins and vote on proposals.
Data request fee: Users need to use TRB coins to pay for requesting data provided by the network.
Overall, TRB coins are a key component of the Tellor network, used to incentivize validators, reward staking, and promote network governance.
Tellor (TRB), a decentralized data oracle network, is currently undergoing dynamic changes. As of 17:00 on July 4, 2024, its price was $85.97, reflecting a 24-hour drop of 8.25%. However, the token’s trading volume has surged to $58.2 million in the past 24 hours, reflecting the strong interest in Tellor.
Tellor has a circulating supply of 2,598,368 compared to Bitcoin, which has a larger circulating supply. Tellor’s maximum supply and total supply have yet to be determined, adding uncertainty to its future price movements. Keep an eye on its liquid market cap, currently sitting at $223 million, as it can be an indication of the market's overall confidence in Tellor.
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