Ocean Protocol

What is Ocean Protocol (OCEAN)?

• OCEAN is an ERC-20 token on the Ethereum blockchain.

• It is used for buying/selling data, governance, staking, and incentivising data sharing.

Tokenomics

• The maximum supply is capped at 1.41 billion OCEAN tokens.

• Distribution for network rewards, Ocean Protocol Foundation, team, and early investors.

• A significant portion is allocated for community and ecosystem

• incentivization

• incentivisation

Market Data

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Token Pros and Cons

Pros:

• It facilitates a decentralised data marketplace, enabling secure, privacy-preserving data sharing and monetization.

• Incentivises data providers and consumers through token rewards.

• Supports community governance, allowing token holders to participate in decision-making processes.

Cons:

• OCEAN faces competition from other data marketplace and blockchain projects.

• It is dependent on the broader adoption of blockchain technology for data sharing.

• The regulatory uncertainties around data sharing and monetisation could impact its adoption.

Why Should You Invest in the Coin?

• Importance of data and AI in industries.

• Potential value capture as the data economy expands.

• Governance and incentive mechanisms could drive adoption and demand.

USP of the Coin

• Tokenizes

• Tokenises

• data assets for

• monetization

• monetisation

• while preserving privacy.

• Addresses data economy challenges: secure, transparent, equitable data exchange.

Problem the Coin is Solving

• Solves issues of data silos, lack of data control by creators.

• Enables secure, transparent,

• and

• fair data sharing and

• monetization

• monetisation

Founder and Team Background

• It was founded by Bruce Pon and Trent McConaghy, who have backgrounds in business/finance and AI/big data.

• The team includes experts in blockchain, data science, and business development.

ICO Price

• ICO price was $0.12 in April 2019 IEO.

• Raised approximately $6.77 million with 56.4 million tokens sold.

Risks Associated in Investing in the Coin

• Market volatility, regulatory changes in data sharing/

• monetization

• monetisation

• Competition from other projects and technical challenges in blockchain/data tokenization.

Whitepaper Insights

securely and transparently. The protocol uses blockchain technology to create a trustless environment for data exchange, leveraging smart contracts to automate transactions and ensure compliance with data-sharing agreements.

their data while maintaining control and privacy. Data consumers, such as AI researchers and analysts, can purchase datatokens to access high-quality, verified data sets.

data sharing and ensure the integrity of the data marketplace. One such mechanism is staking, where OCEAN token holders can stake their tokens on data assets they believe are valuable. This signals the data asset's quality and allows stakers to earn a portion of the transaction fees generated from the sale of the associated datatokens.

The protocol also incorporates a governance model that allows OCEAN token holders to participate in decision-making processes, such as proposing and voting on improvements to the protocol. This ensures that the development of Ocean Protocol is community-driven and aligned with the interests of its users.

Ocean Protocol’s architecture is designed to be flexible and scalable, supporting a wide range of data services beyond simple data sharing. These include compute-to-data, which allows data to be processed on its hosting environment without exposing the raw data, and data farming, where data providers are rewarded for providing high-quality, valuable data.

of the Ethereum blockchain.

, creating a more open, equitable, and efficient data economy. By leveraging blockchain technology and tokenization, Ocean Protocol provides a secure and transparent platform for data exchange, empowering data providers and consumers to unlock the full value of data.