The Ocean Protocol crypto connects data consumers and data providers in a marketplace based on the blockchain. Their model is based around tokenising data services and datasets so data providers can efficiently monetise their data while giving consumers access to an ecosystem consisting of valuable data in one space.
Datatokens are ERC-20 tokens created by data providers and can be purchased with OCEAN tokens. As mentioned, the Ocean Protocol’s coin is the OCEAN token, and it is also used for staking, where users can choose which datasets they want to provide liquidity to, and stand to gain more rewards when curating datasets with higher volume.
Ocean crypto also provides guidance and tools for businesses interested in creating their own, personal data markets. They can either directly fork the Ocean Protocol or use Ocean code libraries to develop other Ocean-powered data marketplaces.
How To Buy Ocean Protocol or Add it to your Strategy
The fastest, most convenient way to purchase Ocean Protocol is to purchase it on ICONOMI. We check Ocean Protocol live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Ocean Protocol by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Ocean Protocol is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Ocean Protocol, we recommend you read the next section, as copying might be a better approach.
Add Ocean Protocol to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Ocean Protocol in their structure.
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