Tellor releases Tellor Layer white paper, TRB will become the native currency of the chain

BlockBeats news, on October 16, according to official news, Tellor released the Tellor Layer white paper. Tellor Layer is an independent L1 blockchain built with Cosmos SDK, designed to reach consensus on any subjective data. It operates through a network of stakers who report the requested data truthfully under economic incentives.

TRB will become the native currency of the chain, used for staking, tipping, and voting. All token economics will remain unchanged. 4,000 tokens will continue to be distributed to the team each month, and an equal amount of tokens will be distributed to reporters and validators as inflation rewards. Of the time-based rewards, 75% will be distributed to reporters and the remaining 25% will be distributed to validators.