Speaking of TRB coin, many investors probably don't know much about it. The full name of TRB coin is Tellor. In fact, TRB coin is a currency in the oracle sector invested by Binance. Tellor is a decentralized oracle network based on the PoW consensus mechanism. Its original intention was to establish a decentralized oracle solution so that all participants can provide the most authentic data and get rewards.
Used to integrate high-value off-chain data into Ethereum. The system uses a controversial network of miners to compete to solve the PoW problem, monitor user data requests on the chain, and monitor and receive data requests off-chain. Each successful Tellor data point will be mined using tokens, and the company will take out a 10% development share to support the development of the ecosystem.
TRB coin future value and prospect analysis
Tellor has adopted a decentralized approach to build its oracle from the beginning, which combines the advantages of PoW mining and PoS staking. This hybrid mechanism brings it certain security guarantees and flexible incentive mechanisms. Because the security of Tellor's decentralized oracle is related to the value of its token TRB. So in the early days, it was difficult for it to provide separate oracle services for DeFi projects involving hundreds of millions of dollars in value, because this would lead to the possibility of attacks.
To prevent price attacks, Tellor’s own value must first be increased. For example, if it grows into a project worth hundreds of millions or even billions of dollars, the cost of an attack will be greatly increased. To increase Tellor’s own value, there are two ways to go. One is that Tellor can develop with similarly early crypto projects, dedicate itself to building a decentralized mechanism, and gradually achieve a positive cycle of value growth; the other way is to provide services for crypto projects together with other oracles, and achieve a more secure decentralized oracle service through greater decentralization across oracle networks.
In the process of TRB token staking and mining, the risk of being attacked is high when attacking its data to make greater profits in related defi protocols and pay lower staking costs.
TRB's token economic model combines the Proof of Stake (POS) and Proof of Work (POW) mechanisms, and there is no fixed upper limit on the token supply. In this system, nodes participate in the challenge of proof of work by staking TRB tokens, and the top five nodes that complete the challenge will be awarded TRB rewards. Starting from Ethereum block height 9619370, the reward rate gradually decreases, decreasing by 0.003% per block until the reward per block stabilizes at 1TRB. According to this model, by 2021, the reward has stabilized at 1TRB per block.
Combined with the current circulation, TRB's annual inflation rate is maintained at 17%, which means that about 420,000 TRB tokens will enter the market every year, about 35,000 per month.
Before TRB rose, it was still at 51, and then it quickly rose to 81, reaching a new high again. This coin always pulls up when we feel it has reached a high point and the subsequent rise is weak. When the market is still in a downturn, it has already pulled up its price by nearly 60%. This wave of rise has caused many short positions to be liquidated.
Then there was another rapid correction that fixed the price at 61, and a quick wash was carried out. Short orders were liquidated, and long orders did not see any profit. Where did the profits go in the end? This coin has always been called a demon coin, and it cannot be viewed according to market operations. When its funding rate reached -3%, the danger that everyone felt had already appeared. It has been high at high points, and the fee rate is unbearable.
This strong rise directly hit a new high point, just like a fixed-point explosion at this position, a high point suddenly hit. It seems to be going straight to the stop loss position of the big investors, to harvest. The price of 81 was beyond everyone's expectations. The 60% increase was pulled out when the big cake fell. Either the banker was too strong or a big investor pulled the market.
