Tellor is an oracle network founded in 2019. It utilises the proof-of-work (PoW) protocol to feed real-world data to blockchain-based smart contracts in a trustless and secure manner. Developers who want to feed data to smart contracts incentivise the PoW miners to perform the update.
The miners then compete with each other to solve the PoW puzzle to add the requested real-world information to the smart contracts. In this process, the developers use Tellor Tributes (TRB) as a means to incentivise the miners to perform their tasks. TRB is also a governance token of Tellor, meaning, TRB holders can vote on proposed updates to the network. Upon listing in late 2019, TRB was worth $1.28.
The best place to buy Tellor is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Tellor (TRB). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of TRB is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Tellor with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy TRB instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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