What is the issuance price of trb coins?

TRB coin was first issued in 2019 with an issue price of $0.005. Its total initial issuance is 1 billion, allocated to Tellor network node operators, Tellor team, early investors and community development funds. TRB coin price is affected by factors such as Tellor network usage, cryptocurrency market conditions, and market speculation. As of March 2023, its price is approximately $0.017.

TRB Coin Issuance Price

TRB Coin is the native token of the Tellor protocol and is used to incentivize node operators to provide accurate and tamper-proof data. The coin was first issued in 2019. The issuance price at that time was:

$0.005

Issue details

The total initial issuance of TRB coins is 1 billion, of which:

• 45% is allocated to Tellor Network Node Operator
• 35% allocated to the Tellor team
• 10% allocated to early investors
• 10% allocated to the Community Development Fund

Factors affecting the price

The price of TRB coins is affected by many factors , including:

• Usage of the Tellor Network: As usage of the Tellor network increases, demand for TRB coins will increase, which will drive up the price.
• Cryptocurrency Market Conditions: Overall cryptocurrency market trends will also affect the price of TRB Coin.
• Market Speculation: Speculators may affect the price of TRB coins, especially when the market is volatile.

Current Price

As of the time of writing (March 2023), the price of TRB Coin is approximately $0.017 USD.

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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