Used as a unit of exchange within the Ocean Protocol ecosystem.
Designed to maximize the supply of quality data.
Users earn revenue as they add value to the network.
The Ocean Token is used as a unit of exchange for buying and selling data and AI services within Ocean's Pacific Mainnet. Consumers can discover and purchase data and AI services in marketplaces which are connected to the Ocean Protocol Pacific network. The Ocean network processes transactions using Service Execution Agreements and clear payments with the Ocean Token.
The Ocean Token contract is deployed on the Ethereum Mainnet, our Pacific Mainnet, and on our Nile Testnet. As a standard ERC-20 token, the Ocean Token can be used with all the apps in the Ethereum ecosystem. In order to use services on the Pacific Mainnet, a token bridge is used to convert Ethereum Mainnet tokens into POA network tokens. The duality of the token gives users the best of both worlds. The security and ecosystem of the Ethereum network and the speed and scalability of the POA network.
In the future, Ocean Tokens can be used for staking to catalyze the supply of data and help marketplace dynamics. 51% of Ocean Tokens will also be dispersed as part of the network rewards for providers that supply data and services to the network and ecosystem.
The Ocean Token is a standard ERC-20 token and can be stored in any wallet with ERC-20 capabilities. Here are some suggestions you can rely on.
0x985dd3D42De1e256d09e1c10F112bCCB8015AD41Contract Address (ETH Mainnet)
18Decimals of Precision
Check the total balance of OCEAN from an Ethereum address in the Ethereum Mainnet.
Transfer Ocean Tokens between Ethereum and Ocean networks.
Desktop app to retrieve and display your total Ocean Token balances.
Developed a tool or wrote something about Ocean Tokens? Let us know @oceanprotocol