Tellor
Crypto Overview
Overview
Tellor is a decentralized oracle protocol that provides real-world data to blockchain networks. The TRB token serves as an essential component in the network's security and operational mechanisms.
Intended Utility
The primary purpose of Tellor is to function as a decentralized oracle system where data reporters stake TRB tokens to submit off-chain data to the blockchain. The token serves multiple functions: it's used for staking by data providers, governance voting, and as a dispute mechanism for ensuring data accuracy.
Actual Utility and Implementation
The protocol is actively being used in production, with regular data submissions and disputes being processed on-chain. The project maintains consistent developer activity on GitHub and has established partnerships with various DeFi protocols that utilize its oracle services.
Token Distribution and Governance
The token distribution shows a relatively fair allocation, with no excessive concentration among founders. There is a transparent vesting schedule for team tokens, and the project demonstrates consistent development rather than excessive marketing focus. The founding team has maintained involvement and shows a track record of delivering on technical promises.
Revenue Model
Tellor's revenue model is based on legitimate business operations where data providers earn rewards for supplying accurate information, and users pay for accessing this data. This model aligns with Islamic principles as it represents an exchange of real value and services.
Crypto Impact
To assign a comfort level investing in Tellor from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Tellor.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.