Ocean Protocol (OCEAN) Price

Ocean Protocol is a decentralized blockchain ecosystem that creates a platform for individual users and organizations to unlock the value of datasets and monetize it through ERC-20-based data tokens.

The Ocean Protocol is an ecosystem secured by cryptography and blockchain systems, ensuring total privacy and security for users and publishers who interact with its protocol and monetize datasets.

Users and consumers of published data can now securely purchase and access previously inaccessible or unavailable datasets in centralized marketplaces. 

A variety of datasets are available on the Ocean Protocol and Marketplace, where they can be purchased and later transferred or sold.

Ocean Protocol has a utility token that is used for voting on its DAO, as well as a staking and liquidity provision functionality for users to earn token rewards.

The prices of datasets available and published on the Ocean protocol for sale are set by an OCEAN-data token AMM pool mechanism, which adjusts the price of the data token as it is purchased and sold based on supply and demand.

Ocean Protocol Features and Updates

The Ocean Protocol features an ERC-20 utility and governance digital token, which can be used as a mode of payment and for voting on the Ocean DAO by token holders.

Ocean Protocol also features liquidity pools in its ecosystem, allowing users to provide liquidity through staking and earn token rewards and a passive income.

It also features a 5% burning mechanism of its token network revenue which acts as a deflationary measure of the total supply of its native tokens.

Ocean Protocol integrates a decentralized and interoperable digital marketplace where digital assets and cryptocurrencies can be purchased and transferred seamlessly to compatible networks.

Ocean Protocol Team

Ocean Protocol was developed and designed by an experienced group of innovators and entrepreneurs in high-tech businesses and the blockchain industry.

The team behind Ocean Protocol are Trent McConaghy, an AI expert; Cristina Pon, marketing lead at both Ocean Protocol and BigchainDB; Bruce Pon, an expert project manager and current CEO of BigchainDB; and Razvan Olteanu, who has technical and management experience.