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BarterTrade will list DeFi Oracle Tellor ($TRB) upon launch.
BarterTrade is a revolutionary modern-day digital asset trading platform established back in 2017 during the peak of the ICO boom. The platform is all set for its official launch in the third quarter of 2020 with 7 digital assets including Tellor, a defi protocol set to help smart contracts access real-time data using a Proof-of-Work system.
BarterTrade has been in development for over two years and has incorporated the needs of both the beginner or new traders as well as institutional clients who deal in hundreds of thousands of dollars worth of trade. The platform offers a number of services which include Algo Trading, Spot Trading, Margin Trading, a decentralized marketplace, a P2P lending platform and many other services.
Anurag Yadav CEO of BarterTrade commented on their choice of digital assets at launch and the reason behind choosing a defi protocol,
“We see the potential and excitement DeFi is generating for blockchain space and wants to make sure that we bring on the best DeFi projects to our platform upon launch”
Among the 7 digital assets that are going to be launched, Tellor is the most notable one due to its association with the Decentralized Finances (Defi) ecosystem. Tellor would offer live data feeds for defi smart contracts to ensure the correct pricing of assets. Defi has emerged as one of the fastest-growing markets in the decentralized space and has captured the attention of many. Thus, it is very important to ensure the smart contracts powering the ecosystem has access to the latest data on pricing. This is where Tellor comes into the picture.
Tellor Oracle creates a Proof-of-Work based system where miners compete to add live data feeds for the requested data from the client. The data is submitted to an on-chain data bank accessible to smart contracts. The demanded data could be anything from live price feeds of Ether against US Dollars or any other asset based on the needs of the smart contract. The client pays a miner fee in the form of Tributes, the native token of the protocol.
About BarterTrade
BarterTrade was established in 2017 and it has taken 3 years to develop the platform to make it convenient for everyone with an easy to use interface. The firm released the white paper for its platform in the third quarter of 2018.
The firm aims to provide the best trading experience for trading cryptocurrencies in a highly secure, stable, and efficient environment for traders across the globe. For more information join Twitter or Telegram
About Tellor
Tellor is a decentralized Oracle for bringing high value off-chain data onto Ethereum. The system utilizes a network of staked miners that compete to solve a PoW challenge to submit the official value for requested data. Tokens are mined with every successful Tellor data point and the company takes a 10% dev share to support the development of the ecosystem. For more information join Twitter or Telegram
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