Tellor Tributes
TRB
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1.43K
1.58K
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Tellor Tributes Info
Tellor Tributes Team
IndividualsTellor Tributes Intro
Tellor is a decentralized oracle protocol that enables smart contracts on blockchains to securely access off-chain data. By incentivizing a permissionless network of data reporters and validators, Tellor ensures that data can be provided by anyone and verified by everyone, enhancing the reliability and security of blockchain applications.
The native token of the Tellor network, Tributes (TRB), plays a crucial role in its ecosystem. TRB is used to reward data reporters for submitting accurate information and to facilitate the dispute resolution process, aligning the interests of data providers, users, and the community.
Since its launch in 2019, Tellor has expanded its presence across multiple blockchain networks, including Ethereum, Polygon, and Algorand. This multi-chain approach allows Tellor to support a wide range of decentralized applications (dApps) by providing them with reliable and tamper-proof data, thereby enhancing their functionality and trustworthiness.
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Q&A about Tellor Tributes Tokenomics
Explore the tokenomics of Tributes(TRB) and review the project details below.
What is the allocation for Tellor Tributes(TRB)?
TRB will be the native currency of the chain and used for staking, tipping, and voting. All tokenomics will remain the same. Four thousand tokens will continue to be the dev share to the team each month and an equivalent amount of tokens will be distributed to reporters and validators as inflationary rewards. Seventy-five percent of time based rewards will be given to reporters with the other twenty-five percent given to validators.
Gas fees will be given to the block proposing validator (selected randomly by validator weight), while tips and inflationary rewards to reporters are distributed proportionally to the reports submissions based on weighted validator support. As an example, if a query is submitted for and gets 50% of the stake contributing to the aggregated value, this report will get some inflationary rewards, however if a more supported query gets submitted for with 100% of total stakes reporting for it, this will get 2x the rewards as the first value. There is no benefit being the only reporter for a query, unless of course there are tips that support that query over others. Additionally, to prevent tips on queries that only a handful of reporters support, time based rewards are only available on cycle list queries
Tellor Tributes Token Allocation
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Tellor is a decentralized oracle protocol that enables smart contracts on blockchains to securely access off-chain data. By incentivizing a permissionless network of data reporters and validators, Tellor ensures that data can be provided by anyone and verified by everyone, enhancing the reliability and security of blockchain applications.
The native token of the Tellor network, Tributes (TRB), plays a crucial role in its ecosystem. TRB is used to reward data reporters for submitting accurate information and to facilitate the dispute resolution process, aligning the interests of data providers, users, and the community.
Since its launch in 2019, Tellor has expanded its presence across multiple blockchain networks, including Ethereum, Polygon, and Algorand. This multi-chain approach allows Tellor to support a wide range of decentralized applications (dApps) by providing them with reliable and tamper-proof data, thereby enhancing their functionality and trustworthiness.