OCEAN, the native cryptocurrency of the Ocean Protocol platform, is a utility token. Ocean Protocol describes itself as “a decentralized data exchange protocol that allows people to share and monetize data while providing control, auditability, transparency and compliance for all relevant actors”. Detailed information about what is Ocean Protocol coin OCEAN, how does it work, how to buy, how much it costs, etc. is in the continuation of the content. For information about Unibright coin (UBT), you can check here.
What is Ocean Protocol coin (OCEAN) and how does it work?
Ocean Protocol allows developers to create marketplaces and other applications to publish, exchange and use data privately and securely. According to the statements made, thanks to the Ocean Protocol, users can create their own data markets using Ocean software components connected to the decentralized Ocean data sharing network. Data providers can both protect their privacy and maintain control. However, users can also earn money thanks to the aforementioned system. Data consumers, on the other hand, can access data they could not obtain before and obtain private data thanks to the shared data.
OCEAN, the native cryptocurrency of the Ocean Protocol platform, is defined as a “utility token”. In other words, OCEAN is a service token and offers various benefits to users. According to the platform’s statements, users use OCEAN to purchase data and artificial intelligence services. Ocean network transactions operate using Service Execution Agreements and enable payments to occur with Ocean Token.
Where to buy Ocean Protocol coin and how much does it cost?
So how to buy Ocean coin? Ocean coin can be purchased from the listed cryptocurrency exchanges. But you need to make sure that the exchange you will trade on is “reliable and well-known”. As of August 24, 2021, the value of 1 OCEAN is around $0.98.
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency