1. Project introduction

The Tellor oracle system is a fully decentralized community focused on securely placing data on-chain. The oracle mechanism works by using simple crypto-economic incentives to secure data through staking and dispute mechanisms, while the community is bound by a token which utilizes anonymous governance system and monetary policy to reward and motivate adoption and development of the network.

At a high level, Tellor is an oracle system where a staked set of “reporters” answer questions on-chain. To incentivize reporters, parties can use Tellor's native token, "Tributes" (TRB), to “tip” a specific question or “query” they want updated, then reporters can choose whether the reward for fetching the data is worth the cost of placing the value on-chain. Multiple parties requiring the same data can tip the same query. The security of Tellor comes through a deposit of TRB that acts as a stake requirement in order for reporters to participate in providing data. The reporters risk losing this stake if they submit data that is successfully disputed. To avoid network spam, a fee is required to begin a dispute. If the dispute is successful, the reporter's stake is given to the disputer, otherwise the dispute fee goes to the wrongly disputed reporter. Tellor is crypto-economically secured and transparent. Anyone can become a reporter and the data can be checked by everyone.

2. Team introduction

CEO and Co-Founder: Brenda Loya

Linkedin: https://www.linkedin.com/in/brendaloya/

CTO: Nicholas Fett

Linkedin: https://www.linkedin.com/in/nicholas-fett/

Co-founder: Michael Zemrose

Linkedin: https://www.linkedin.com/in/zemrose/

3. Investment institution

Binance Labs, MakerDAO

4. Application

To incentivize miners to provide data through base rewards and tips via user requests. They are also used for governing valid data through disputes, and for system upgrades proposed and voted on by token holders.