Question 1

What is Tellor Tributes (TRB)?

Accepted Answer

Tellor Tributes, or the TRB crypto, is the native token of the Tellor ecosystem, functioning as the incentive mechanism for data reporters and contributing to the decentralized oracle network.

Question 2

What is the purpose of the TRB token?

Accepted Answer

What is the purpose of the TRB token?

TRB serves as a staking and rewarding mechanism for data reporters, allowing them to deposit TRB as collateral while reporting accurate data to the Tellor network. In the event of a dispute over reported data accuracy, TRB acts as collateral, with the losing party forfeiting their staked TRB to the party challenging the data, ensuring a fair and secure resolution.

Question 3

What networks is TRB compatible with?

Accepted Answer

TRB, originally an ERC-20 token on Ethereum, is now cross-chain, compatible with Ethereum, Gnosis Chain, Polygon, Optimism, and Arbitrum.

Question 4

What are the key features and use cases of TRB?

Accepted Answer

TRB incentivizes data reporting, acts as collateral in dispute resolution, and empowers holders to participate in governance decisions, fostering a robust and open ecosystem within the Tellor network.

Question 5

How has the TRB crypto price evolved over time?

Accepted Answer

The TRB token price has experienced significant fluctuations since its inception in 2019, reaching an all-time high of $629 on December 31, 2023, after a notable recovery from the bearish trends of 2022.

Question 6

Should you trust long-term price predictions for TRB?

Accepted Answer

Long-term price predictions should be approached with caution, given the volatile nature of crypto markets. It is advisable to instead rely on real-time, on-chain metrics and the live TRB price for more accurate short-term assessments. Luckily, you can use the “Alpha Metrics” and “Price Chart” sections above to access these invaluable insights. The latter also allows you to put the current $TRB token price into proper perspective.

Question 7

Where and how can I buy TRB crypto securely?

Accepted Answer

Where and how can I buy TRB crypto securely?

You can buy $TRB securely and in a decentralized manner via this page. Simply scroll up, hit the “Buy” button, and follow the instructions that the Moralis Money swapping feature offers. However, before you buy $TRB, make sure to consider the token's on-chain metrics in combination with the live TRB price.