Feb 4, 2021
Hello, Berry Data
Berry’s journey begins here ~
Who is Berry?
Berry Data is the transparent, community-verified price oracles on BSC. Berry provides a trustless and decentralized alternative for off-chain data. It provides the infrastructure for decentralized applications to query off-chain data by properly incentivizing miners to provide data.
Berry’s mission is to drive the adoption of transparent, open-access data and oracles 🚀🚀🚀
How does Berry work?
BERRY is an oracle system where parties can request the value of an off-chain data point and miners compete to add this value to an on-chain data-bank, accessible by all dApps on Binance Smart Chain. The inputs to this data-bank are secured by a network of staked miners. BERRY utilizes crypto-economic incentive mechanisms, rewarding honest data submissions by miners and punishing bad actors, through the issuance of BERRY’s governance token, BRY, and a dispute mechanism.
Berry Governance Token?
BRY is the governance token of Berry Data. BRY is designed to empower the broader DeFi ecosystem to drive the creation of a fully transparent and community-owned, open-source Oracle platform on the Binance Smart Chain.
55% — Mining: 40% will be provided through data mining; 15% will be provided through liquidity mining
23% — Ecosystem Fund: will be used for partners to build Berry Data project and its ecosystem as a vault
16% — IFO: will be sold on PancakeSwap IFO
6% — Team: will be locked for 2 years and release evenly every quarter
Why Hold BRY?
- Pay for BERRY data feeds
BRY token holders can use BERRY data as well as access to live data streams and specific data.
2. Vote on governance issues
Any issue pertaining to the association and its platform that has severe implications will be put up for voting by means of the governance token. Any token holder can participate and cast their vote. In order to propose changes on the platform or its governance stakeholders require a holding of 1,000 tokens. Voting rights can be delegated to a stakeholder.
3. Validate data through staking
BRY tokens can be staked to incentivize the validation of existing oracles, scrapers, methodologies, and more.
Still interested in Berry? Come and follow us!
Twitter: https://twitter.com/berry_data
Medium:https://medium.com/berry-data-official
Telegram: https://t.me/berrydata
Github: https://github.com/berrydata
