Markets->Ocean Protocol

Ocean ProtocolOcean Protocol PriceOCEAN

$0.19,134,883-1.34%(24h)

Market Statistics

Market Cap$117.32M
24h Volume$9.98M
Circulating Amount$613.10M
Price Change (1h)-0.25%
Price Change (24h)-1.34%
Price Change (7 days)-15.59%

About Ocean Protocol (OCEAN)

Ocean Protocol is a blockchain-based ecosystem that allows individuals and businesses to easily unlock the value of their data and monetize it through the use of ERC-20 based datatokens.

Through Ocean Protocol, publishers can monetize their data while preserving privacy and control, whereas consumers can now access datasets that were previously unavailable or difficult to find. These datasets can be discovered on the Ocean Market, where they can be purchased and later consumed or sold.

On Ocean Protocol, each data service is represented by a unique datatoken, which is used to wrap a dataset or compute-to-data service — this essentially allows third-parties to perform operations on the data without it ever leaving the secure enclave of the publisher.

OCEAN is a utility token that is used for community governance and staking on data, in addition to buying and selling data as the basic unit of exchange on the Ocean Market. The price of these datatokens is set by an OCEAN-datatoken AMM pool, which adjusts the price of the datatoken as it is bought and sold based on supply and demand.

 

What Makes Ocean Protocol Different?

Ocean Protocol unlocks access to data that would previously be unavailable or challenging to access, by allowing anybody with sought-after datasets to tokenize their data and make it available on the Ocean Market.

This produces an additional income stream for data publishers while giving scientists, researchers, data analysts and anybody else access to more reliable data.

Ocean Protocol provides the tools needed for firms to build and launch their own data markets, by either directly forking the Ocean Protocol, or by using the supplied Ocean Protocol React hooks. It also provides extensive documentation to assist with this process.

Holders of OCEAN tokens can directly participate in the datatoken economy by staking their tokens on datasets on the Ocean Market. Stakers then become liquidity providers in the selected OCEAN-datatoken pool, and earn a fraction of the transaction fees generated by the pool.

 

Where Can You Buy OCEAN?

OCEAN tokens can currently be traded on some exchanges, including several top tier platforms. Uniswap is the most liquid decentralized exchange for OCEAN.

OCEAN currently cannot be purchased directly with fiat currencies on any supported exchanges. But you can buy Bitcoin with fiat instead, and then exchange this to OCEAN.

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