What is Ocean Protocol (OCEAN) Coin
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.
- Ocean Protocol is an ecosystem for the data economy and associated services.
- Using Ocean software components, users can launch their own data marketplaces on Ocean, connected to the decentralized Ocean data sharing network.
- Via these data marketplaces, data providers can monetize data while preserving privacy and control while data consumers can access data that they could not get before – private data.
- Ocean tokens (OCEAN) are currently used within the Ocean network to pay for data services (download datasets, using compute-to-data).
- In the future, OCEAN tokens can also be used for referral rewards, staking, as governance tokens for the OceanDAO and more.
How To Buy Ocean Protocol (OCEAN) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Ocean coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Ocean Protocol coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a Ocean Protocol (OCEAN) Coin
Ocean Protocol (OCEAN) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Ocean Protocol (OCEAN) Coin Review
You can learn more about Ocean Protocol (OCEAN) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://oceanprotocol.com/ Whitepaper https://oceanprotocol.com/tech-whitepaper.pdf Github https://github.com/oceanprotocol Medium https://blog.oceanprotocol.com/ Documentation https://docs.oceanprotocol.com/ Telegram https://t.me/OceanProtocol_Community Discord https://discord.gg/TnXjkR5 Youtube https://www.youtube.com/channel/UCH8TXwmWWAE9TZO0yTBHB3A