What are the Use Cases of TRB Tokens?

Posted by Host Merchant Services on July 27th, 2022

TRB is the native token of the Tellor network that is used for running different operations. It currently has a circulating supply of 2.3 million coins with a market cap of million. It doesn’t have a maximum supply but inflation is controlled by burning half coins from each block as the supply grows. TRB tokens can be used for different purposes in the platform.

Payment – The users submit their TRB tokens to request the data they need.

Mining – Miners are required to send 1,000 TRB tokens to the Tellor network (pancakeswap crypto) to participate in the mining process.

Rewards – TRB tokens are rewarded to the miners when they solve the equation. 10% of the mining reward is also transferred to the Tellor team.

Dispute Compensation – TRB tokens are also used to compensate the community members who raise disputes for suspicious submissions.

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Host Merchant Services
Joined: June 25th, 2022
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