Berry Data is a transparent community-verified price oracle on BSC(Binance Smart Chain). Berry Data provides a trustless and decentralized alternative for off-chain data. Also, it provides the infrastructure for decentralized applications to query off-chain data by properly incentivizing miners to provide data.
Berry Data is an oracle system that 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 staked miners network. Berry Data utilizes crypto-economic incentive mechanisms, rewarding honest data submissions by miners and punishing bad actors, through the issuance of Berry Data’s governance token, BRY, and a dispute mechanism.
Read more: https://docs.berrydata.co/whitepaper/how-berry-works
BRY is Berry Data’s governance token. BRY is designed to empower the broader DeFi ecosystem to drive the creation of a fully transparent, community-owned, and open-source oracle platform on the Binance Smart Chain.
The total BRY token circulation is 12,500,000. Token distribution is as follows:
Berry Data implements a 23 percent ecosystem fund. This revenue stream will be managed by the Berry team and utilized in the following ways:
Berry data values can always be disputed and taken off-chain. However, the longer a user waits, once the data is submitted on-chain, the more probable it is to remain, and therefore more secure; assuming any value that remains on-chain is valid due to economic incentives to dispute invalid ones.
Any party can challenge data submissions of any of the five miners when a value is placed on-chain. A challenger must submit a dispute fee to each challenge. Once a challenge is submitted, the potentially malicious miner who submitted the value is placed in a locked state for the duration of the vote. For the next two days, BRY holders can vote on the validity of the mined value. All BRY token holders have an incentive to maintain an honest oracle and can vote on the dispute. Proper submission is one that corresponds to a valid query requested within the time period between the release of the challenge and the submission of the value. The ambiguity of the validity is a feature and corresponds to “correct” is up to the interpretation of the BERRY community.
https://docs.berrydata.co/whitepaper/how-berry-works/miner-network
How Berry different from other oracle projects, such as Chainlink?
Berry will dedicate to the BSC ecosystem and it will work with Defi projects on BSC by providing customized oracle tools at a more reasonable fee scale. Specifically, Berry will provide free price feeds in the first few months to its partners. Projects like Chainlink, have been so successful on Ethrum, that they may not put too much effort into BSC. However, Berry believes in the future of BSC and is strived to be the most widely used oracle on BSC.
Who is the team behind Berry?
Berry Data’s team has 6 full-time team members, including 3 developers and 3 operations. Information of key team members are as follows:
John WU — Berry Data CTO
Former IRISnet Senior Technical Architecture; ex- community code contributor for Cosmos project; ex- senior developers for JD.com. Graduated from Peking University with a master’s degree in computer science.
Mandy NG — Berry Data COO
Former Kucoin Exchange BD manager, experienced in coin listing in the APAC region, she has close connections with most of the mainstream exchanges and leading blockchain projects. Before Kucoin, she worked for IBM as a Sales Manager for 2years. Graduated from University College London with a master’s degree in marketing.
Dr. Tom HAO — Berry Data Leading Scientist
He received his Ph.D. degree from Jilin University(China) in Computer Science. Focus on cryptography and computer security. He will be Berry Data developing leader for product security.
Is Berry’s smart contract audited?
Berry is now working with some auditing firms and will publish the auditing report within this month.
Any farming activity after IFO?
$BRY will be listed on pancake and open to trade immediately after IFO. $BRY holders can stake their tokens to participate in farming campaigns on Berry website and its partners’ sites, such as pancake farm and Syrup pool.
What is the roadmap of the project?
Berry will dedicate itself to the BSC ecosystem to improve its oracle product and expand its partnerships on BSC. The detailed roadmap is as follows:
2021Q1
2021Q2
2021Q3
Token Model
BRY is Berry Data’s governance token. BRY is designed to empower the broader DeFi ecosystem to drive the creation of a fully transparent, community-owned, and open-source oracle platform on the Binance Smart Chain.
BRY has four key use cases:
How to Use Berry
https://docs.berrydata.co/integration/how-to-using
How to Mine? Mining Tutorial?
https://docs.berrydata.co/integration/how-to-mine
Demo
https://docs.berrydata.co/integration/sample-use-berry
Current Data Feeds
https://docs.berrydata.co/integration/current-data-feeds
Berry Data Documentation
Berry Data Channels
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