This sounds simple, but to make this model work and have the proper crypto-economic incentives to secure this network, Tellor mints its own token — Tributes (TRB).

TRB

Tellor Tributes have a lot of uses in our system. First, users use TRB to request specific data they need and when a miner submits data on-chain they are paid in our token as a reward. Second, all miners are required to place a deposit of TRB in the Tellor smart contract before they can compete and begin mining. These incentivizes make it so that if a miner tries to submit a bad piece of data, we can dispute their value and then slash them for being malicious. And lastly, you guessed it, TRB is used both to initiate the dispute, and as weighting during the vote on the validity of the data.

If you’re into this kind of thing, you should definitely go read more about that here.

For a deeper dive into Tellor

Check out the whitepaper, FAQ, and our medium articles which cover topics like the dev-share and security design.

Thanks for your interest in Tellor, and as always, if you have any questions or would like to become part of our community please hop into our telegram: https://t.me/tellor