What is Tellor (TRB), How and Where to Buy?

Esat Demirtaş 16 April 2023Last Updated: 16 April 2023

3 minutes read

What is Tellor (TRB), How and Where to Buy?

In the crypto markets, some crypto assets can emerge with unique or slightly similar projects and become the favorite of the vast majority around the world. Tellor and its local token unit TRB Token are also among the crypto money projects that are likely to be among these popular projects.

In this article, we will try to convey all the details about Tellor (TRB) with answers to the questions of what is Tellor and what is TRB Token, how to get it, where to buy it.

Contents

What is Tellor?

Tellor is a decentralized oracle network that enables smart contracts on the Ethereum blockchain to access data outside the blockchain.

Oracle is a technology that updates sources of data outside of a blockchain and makes that data available for smart contracts. Projects built with smart contracts on the Ethereum network normally do not have access to data outside the blockchain. However, Tellor offers the data that users need with the platform infrastructure with oracle technology.

Tellor is largely used for the development of DeFi platforms. In this way, the codes and programs written for DeFi are made understandable for users.

To give a shorter and clearer summary, Tellor is the structure used in the infrastructure of platforms created to transparently present or explain projects created on the blockchain to users.

What is TRB Token?

TRB Token, which is asked more often with the question of what is TRB Coin, is the native token unit of the Tellor network. TRB, the token of the Tellor application on the Ethereum network, was created with the ERC-20 smart contract.

Basically, the usage areas of TRB are as follows:

Connecting and harmonizing the Tellor community and oracle users,
Enabling users to earn additional income by staking tokens,
Participate in the management system of the decentralized Tellor network and have some say in governance.

With a total supply of 2,386,448 TRB Tokens, almost all of this supply is in circulation.

How and Where to Buy TRB Token?

Again, many people ask where to buy TRB Coin or how to buy TRB Coin. Since TRB Token is already listed on central crypto exchanges, it is possible to buy from central crypto exchanges that list TRB Tokens.

You can follow the steps below to buy TRB on Gate.io, one of the central crypto exchanges listing TRB Tokens:

Login to your Gate.io Exchange account. If you do not have an account on the Gate.io Exchange, click here to create one.
After logging into your account, transfer the amount of TRB Token you want to buy. You can use the Tron (TRX) cryptocurrency because of its affordable transfer fees.
After your transfer reaches your Gate.io account, go to the Markets page and enter TRB in the search section and select the TRB/USDT parity.
On the page that opens, determine the amount you want to buy and click the Buy TRB button to complete the purchase.

If you are looking for a detailed guide on the use of Gate.io Exchange, you can review our article titled Gate.io Exchange and Detailed User Guide.

Frequently Asked Questions About Tellor (TRB)

In this area, we will try to convey the answers to the most frequently asked questions about Tellor and TRB Token. This area will be updated regularly in line with your requests and questions.

What is Tellor (TRB) Coin?

The terms Tellor Coin and TRB Coin are the most frequently used terms for Tellor (TRB) by users, although there is no blockchain, but they are incorrect. Because Tellor (TRB) is not a coin but an ERC-20 type token unit on the Ethereum blockchain.

On Which Exchanges Is Tellor (TRB) Available?

The Tellor (TRB) Token is actually listed on more than one central crypto exchange, but the ideal exchange to buy among these exchanges is the Gate.io Exchange.

Does Tellor (TRB) Have Its Own Blockchain?

Tellor (TRB) is located on the Ethereum blockchain. It is produced in ERC-20 format, which is the smart contract type in the Ethereum network. Therefore, it does not have a blockchain of its own.

Who is the Founder of Tellor (TRB)?

Tellor; It was founded in 2019 by Brenda Loya, Nick Fett and Michael Zemrose.

Is Tellor (TRB) a Future Project?

Considering that Tellor is a project that provides solutions to the problems in DeFi platforms and we consider that DeFi projects have been in rematch since 2017, it would be wrong to say that it will not have a future.