Ocean Protocol is a blockchain-based ecosystem that enables individuals and businesses to easily unlock the value of their data and monetize it using ERC-20 based data tokens.
What is Ocean Protocol (OCEAN)?
Through Ocean Protocol, while publishers can earn money and maintain privacy and control over their data, consumers gain access to data sets that were previously unavailable or hard to find. These data sets can be discovered in the Ocean Market, where they can be purchased and then consumed or sold.
In Ocean Protocol, each data service is represented by a unique data token, used to wrap a data set or transform data processing into a data service. This essentially allows third parties to process data without it ever leaving a secure zone.
OCEAN acts as a utility token in the Ocean Market, used not only for buying and selling data but also for community governance and staking on data. The price of these data tokens is determined by an OCEAN-datatoken AMM pool, which adjusts the price of the data token according to supply and demand.
OCEAN token holders can directly participate in the datatoken economy by staking their tokens in data sets on the Ocean Market. Stakers then become liquidity providers in the selected OCEAN-datatoken pool and earn a portion of the transaction fees generated by the pool.
Additionally, Ocean Protocol was co-founded in 2017 by a group of experienced advisors and entrepreneurs with rich experience in developing and scaling high-tech businesses.
The core team of Ocean Protocol includes Bruce Pon, an experienced international project manager and current CEO of BigchainDB; Trent McConaghy, an experienced engineer and artificial intelligence expert; Cristina Pon, marketing director at both Ocean Protocol and BigchainDB; and Razvan Olteanu, who has over 20 years of technical and management experience in senior roles.
Where to Buy OCEAN Coin?
OCEAN Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform by trading volume.
To buy OCEAN Coin, one must first register with Binance and then send fiat currency. After sending a fiat currency like Turkish Lira or US Dollar, one can buy OCEAN Coin in trading pairs with Tether (USDT), Bitcoin (BTC), Binance Coin (BNB), or BUSD.
Additionally, on Binance, users can place buy orders at a lower price than the market value. To do this, use the Limit tab and enter the desired amount and price for the purchase.
