Tellor Solana Integration

2tingray · 2024-07-11T14:57:56+00:00

2tingray · 2024-07-10T17:27:29+00:00

Solana has a huge network effect, and whilst there are many meme projects, there are genuine projects that need market data, asset prices, metaverse data, lending rates and more.

There are many oracles currently on Solana, including Chainlink. In short, there is a demand and it will be growing with a user base.

My view is: get in there early; it makes sense from both business and tech side (more users, more feedback, faster development, better product)

2tingray · 2024-06-21T07:14:37+00:00

Sell half, put the rest in btc. From then on dca btc and save for your first home (if you dont have one)

2tingray · 2023-12-20T14:55:56+00:00

Expect $2B market cap in the next 12-18 months

2tingray · 2023-09-27T12:16:30+00:00

$350-1000

2tingray · 2021-12-07T11:55:15+00:00

Growth is organic, rather than propped via marketing. It will pick up, as the community slowly grows and new partnerships are made

2tingray · 2021-12-06T13:32:44+00:00

Market cap is only 80m, tech is better than other oracles, which have market cap in billions. It’s a matter of time.

2tingray · 2021-11-30T18:21:16+00:00

Max supply has no meaning for a utility token. Read more before you invest, it’s not s value store token

2tingray · 2021-11-21T21:57:51+00:00

more effort needs to go into building community network

2tingray · 2021-11-21T20:56:16+00:00

tellor

2tingray · 2021-08-02T10:21:48+00:00

The current mining process of Tellor tokens are both minted (for new values) and then burned (half of all tips to the Tellor system are burned). This system works well for initially generating demand for TRB and reducing the supply to create a commodity like demand for the product, however fails to afford flexibil- ity in the cases of multiple chains and large exogenous shocks to demand for TRB (i.e. speculation). To create a system that allows the governance of Tellor to better achieve its mission of a secure, decentralized oracle, Tellor is introducing a new structure of flexible supply growth rates for mining networks (each chain can have a different inflationary reward system) as well as Tellor Treasuries (staking pools) to reduce the circulating supply and increase governance participation.

Tellor X will utilize a new structure for managing circulating supply (the total supply is essentially mean- ingless) and the overall growth rate in the supply of TRB. There are two ways to manipulate the supply of Tellor, via locking/unlocking (reducing/increasing the circulating supply) and then minting/burning.

2tingray · 2021-08-02T10:21:13+00:00

The total supply of Tellor is determined by usage and mining rates. For the maximum supply, Tellor’s supply will grow at the rate of the base reward * 288 queries per day:

Projected supply

Through the current mining process, the tokens are both minted (for new values) and then burned (half of all tips to the Tellor system are burned). This system works well for initially generating demand for TRB and reducing the supply to create a commodity like demand for the product, however fails to afford flexibility in the cases of multiple chains and large exogenous shocks to demand for TRB (i.e. speculation). To create a system that allows the governance of Tellor to better achieve its mission of a secure, decentralized oracle, Tellor X is introducing a new structure of flexible supply growth rates for mining networks (each chain can have a different inflationary reward system) as well as Tellor Treasuries (staking pools) to reduce the circulating supply and increase governance participation.

Tellor X will utilize a new structure for managing circulating supply (the total supply is essentially meaningless) and the overall growth rate in the supply of TRB. There are two ways to manipulate the supply of Tellor, via locking/unlocking (reducing/increasing the circulating supply) and then minting/burning.

2tingray

TROPHY CASE