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Ocean Protocol (OCN)

ICO

Last updated: Aug 09, 2020

Ocean Protocol is a decentralized data exchange protocol that unlocks data for AI.

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Overview

Project industry	Big Data & Data Storage
Product type	Ecosystem
Whitepaper	Open

What is Ocean Protocol

Ocean Protocol is a decentralized data exchange protocol that unlocks data for AI and other applications.

Ocean is a network designed to facilitate interaction between data providers and consumers. Ocean is an open platform that allows the developers to easily access it and build their services. The Ocean team hopes to make data sharing and selling secure through employment of blockchain technologies.

The Ocean ecosystem will include the following key participants: data providers (any entity that possess valuable data), data consumers (any entity that needs data for analysis and training AI/ML models), marketplaces (any portal that acts as a market, connecting buyers and sellers), community (general public, legislators, etc.), and developers.

The Ocean Protocol network is using ERC20 Ocean tokens (OCN) as the means of value exchange. The data providers and curators earn Ocean tokens for their services. Market places connected to the Ocean Protocol and network keepers, which provide verification and validation services, also get their rewards in Ocean tokens.

Details

Pre-sales: Mar 07, 2018 - Apr 07, 2018
Token supply: 211500000
Hard cap: 11,000,000 USD
Raised: 22,100,000 USD

Legal

Blockchain Platform: Ethereum
Country limitations: China
Registration country: Singapore
Registration year: 2017

Office address: Mapletree Business City 20 Pasir Panjang Rd East Wing #03-22/24 Singapore, 117439 Singapore

Token info

Ticker: OCN
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 Token = 0.250000 USD
Accepted currencies: ETH
Token distribution:
45% - keepers
25% - acquirors
20% - founders
10% - Foundation
Funds allocation:
45% - t-o BigchainDB, up to a maximum of 25M€
45% - to DEX, up to a maximum of 25M€
10% - to Ocean Foundation up to approximately 60M€, then all remaining proceeds.