Bridge Oracle

Project Overview

Bridge Oracle (BRG) is a TRON-based oracle project that aims to connect blockchain networks with external data sources. The project was launched in 2020 with the goal of providing reliable data feeds for smart contracts on the TRON network.

Intended Purpose

The primary utility of BRG tokens is to serve as the native currency for the Bridge Oracle network. Users need BRG tokens to request data from oracle nodes, and node operators must stake BRG to participate in the network. The token also provides governance rights to holders.

Current Usage and Adoption

The project appears to have limited current adoption and development activity. While the basic infrastructure exists, there is minimal evidence of widespread usage of the oracle services. The token primarily trades on decentralized exchanges on the TRON network.

Token Distribution and Governance

Initial token distribution included allocations for the team, development fund, and public sale participants. Specific details about current token distribution and lock-up periods are not readily available from verified sources.

Technical Implementation

Bridge Oracle operates on the TRON blockchain, allowing smart contracts to access external data through a network of oracle nodes. The system uses BRG tokens as payment for oracle services and as staking collateral for node operators.