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Highlights
- With Ocean protocol, the users can access different datasets and they can be purchased and later consumed or sold.
- OceanDAO will offer the community an opportunity to the holder’s grants curated by OCEAN holders.
- Funding is available for building OCEAN software, which will be used to not only access data but also to improve the outreach and improving OceanDAO.
- According to CoinMarketCap, the OCEAN was trading at US $1.01 with a 24-hour trading volume of US $22,83,80,462.
The Ocean Protocol (OCEAN) is a unique blockchain-based network that allows individuals and businesses to seamlessly unlock the value of the data and monetize it through the use of ERC-20 based data tokens.
With Ocean Protocol, the users not only get an opportunity to monetize their data, but they can also preserve their privacy and control. The users can access different datasets on Ocean Protocol, and they can be purchased and later consumed or sold.
On 2 November, Ocean Protocol will take a next step with OceanDAO, which will offer the community an opportunity to the holder’s grants curated by the OCEAN holders.
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According to CoinMarketCap, the OCEAN was trading at US $1.01 with a 24-hour trading volume of US $22,83,80,462. At the time of writing (BST 2:04 pm), OCEAN was up by 24.60% in the last 24 hours. OCEAN crypto has a live market cap of US $62,03,78,393 with a circulating 61,30,99,141 OCEAN coins. Funding is available for building software that uses Ocean, unleashing data, outreach, and improving OceanDAO itself.
What makes OCEAN unique?
Built on the Ethereum protocol, each data service in Ocean Protocol is represented by a unique data token. They are used to compute-to-data service, which essentially allows the third parties to perform operations on the data within the secure network.
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The Ocean Protocol gives the users the necessary tools to build and launch their own data markets, by forking the Ocean Protocol. The holders of OCEAN tokens can directly participate in its economy by staking their tokens. Besides, it also allows stakers to become liquidity providers in the selected OCEAN-data token pool thereby allowing it to earn fraction of the transaction fees generated by the pool.
Investing in OCEAN
OCEAN is a utility token which is used by the community for its governance, in addition to buying and selling data. OCEAN is ranked 132 on CoinMarketCap.
With OCEAN showcasing bullish sentiment, the investors can expect to book significant profits in the short-term. Ocean Protocol is available on top exchanges such as Binance, Mandala Exchange, CoinTiger, Bitget, and KuCoin. Experts predict that OCEAN could reach US $2 mark by the end of this year.
