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Ocean Protocol (OCEAN)OCEAN
Ocean Protocol (OCEAN)
Market Cap (24H)
Volume (24H)
Circulating Supply
Transp. Vol.
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The Ocean Token is an altcoin designed to empower the work of the entire Ocean Protocol ecosystem. The main idea of thi...Read more

Ocean Protocol Price (OCEAN)

OCEAN Daily Performance

Today's Ocean Protocol price is $0.381808, which is up 3% over the last 24 hours. Ocean Protocol's market cap is $165.71M. 24 hour OCEAN volume is $90.25M. It has a market cap rank of 181 with a circulating supply of 434,026,837 and max supply of 613,099,141. Ocean Protocol is traded on exchanges. Ocean Protocol had an all-time high of $1.8297 almost 2 years ago. Over the last day, Ocean Protocol has had 0% transparent volume and has been trading on 198 active markets with its highest volume trading pairs being .

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Ocean Protocol Statistics

Ocean Protocol Price (24hr)$0.381808 (+3.34%)
Market Cap$165.71M (+3.34%)
Trading Volume (24hr)$90.25M (+3.74%)
Transparent Vol. (24hr)
Transparency GradeUnknown
Circulating Supply434,026,837 (70.79%)
All-Time High
7D Price Prediction


Price Change
$0.012354 (3.34%)

All-Time High

Date of ATH
Days Since ATH
% of ATH20.87%
Price vs ATH

Market Cap

Mkt Cap Change
$5.36M$5,361,877 (3.34%)
Mkt Cap Rank181
Mkt Dominance
Mkt Dominance

Circulating Supply

Max Supply613,099,141
% in Circulation70.79%
% in Circulation

About Ocean Protocol

The Ocean Token is an altcoin designed to empower the work of the entire Ocean Protocol ecosystem. The main idea of this project is to create a safe and secure private space for building marketplaces and other apps encouraging users to publish, exchange, and consume data.

What Is Ocean Protocol?

This is a decentralized protocol based on Ethereum that helps to share and monetize data. The project’s team insists that they make the data exchange and trading secure, transparent, and effective with the help of blockchain technology.

The main participants in Ocean Protocol are data and service providers and consumers, data marketplaces, service providers, and network keepers. All these participants are connected in the following way: an asset provider offers data while an asset consumer gets the data for his or her use. Asset providers and consumers are connected through marketplaces. Service providers are responsible for computations, storage, and algorithms for sales. Network keepers provide the nodes to support this system.

According to the official statements, the main advantage of the Ocean Protocol is that the data sellers can be sure that they will keep full control over each dataset due to the blockchain-enabled access control. Such a high level of network security is impossible with traditional centralized intermediaries when data owners are always at risk of losing control of the data. With Ocean Protocol, the owner is the only one who can modify or transfer ownership of the dataset. He or she can set a price in Ocean Tokens for the consumers, allow selected consumers to get data for free, restrict browsing or purchases to specific parties.

The Ocean Token

The Ocean (OCEAN) is the project native currency. This is a utility token based on the ERC-20 standard inseparable from the Ocean platform. This coin provides no voting rights, no ownership, no dividends, and no profit to its holders. Instead, it can be used for buying data and for motivating the participants of the system, as a tool of exchange within the Ocean Protocol project, as a part of the network reward system for service providers and owners.

This token can be earned in several ways. Data providers can receive Ocean tokens by publishing data for sharing, launching their own marketplaces to provide access to the assets and receive tokens for these activities, providing network services and so on.

The Ocean Protocol ICO Details

The private sale took place in October 2017. The pre-sale ended in February 2018. IEO started on April 31, 2019, and ended on May 3, 2019, and 56.4 million Ocean tokens that represented 4% of the total supply were offered on Bittrex International. China could not participate.

On the official website, it is mentioned that the maximum amount of OCEAN tokens will be equal to 1.41 billion. Though at first 15% and 60% of Ocean tokens were dedicated to so-called Acquirors and network reward respectively, then some changes took place and Ocean Token allocation was updated. Thus, Acquirors got 24% of tokens and the network reward was reduced to 51%. 20% was allocated to the Founding Team and 5% was allocated to the Foundation. On the whole, the scheme of the token distribution had been changed two times before the coin was launched.

Token Compatibility

As a standard ERC-20 token, the Ocean Token is compatible with all the apps in the Ethereum ecosystem. According to the official website, the Ocean Token Bridge has been already released to transfer tokens between the Ethereum Network and Ocean’s Pacific Network, but at the time of writing the service is unavailable.

The coins can be bought on some exchanges. At the time of writing, there are eight exchanges listed as official on the project’s website: Bittrex Global, Kucoin, Uniswap, Balancer, Binance, Poloniex, Gate.io, and Vcc Exchange.

This coin can be stored on any ERC20 compatible wallet. Ledger, Trezor, MyEtherWallet, MetaMask, Argent, Coinbase Custody, and Bitcoin Suisse are recommended by the project’s team as those you can rely on. Use crypto wallet software to see your Ocean Token balance and to send Ocean Tokens to some other accounts.

Team and Partners

Ocean Protocol Foundation Ltd. was founded in 2017 and is located in Singapore. At the time of writing, there are 15 people mentioned as the members of the core team. The team combines solid experience in big data, blockchain, AI, and data exchanges with practical business experience. The majority of them are entrepreneurs, technologists, and designers. Many of them are Berlin (Germany) residents.

Bruce Pon is listed first and he is one of the Ocean Protocol’s founders. Pon is also a founder and CEO at BigchainDB, a blockchain database for data-driven use cases. He founded some blockchain projects like Ascribe, IPDB, or Avantalion International Consulting. In 1996-2008, he worked at Daimler Financial Services (Mercedes Benz) and at Accenture.

Trent McConaghy and Cristina Pon are other co-founders of this project. They are also connected with BigchainDB and some other blockchain projects. Dimitri De Jonghe is also a co-founder, but he left the project. Chirdeep Singh Chhabra declares in his LinkedIn profile that he is one of the founders at the Ocean Protocol project and works there now, but he is not mentioned in the official list.

According to the official information, there are over 35 advisors in this project. There are 24 of them mentioned by name: Meltem Demirors, Carsten Stoecker, Sebastian Gajek, Adam Drake, Chris Ballinger, etc. Many of them are also from Germany and the USA. Advisors help to create meaningful collaborations, integrate with the protocol, attract potential business partners, and provide instructions on governance.

The company is open to collaboration and has a long list of partners that includes Daimler AG, dexFreight, MOBI, etc. All these projects are working on integrating with Ocean Protocol. Among Service Partners, there are DAC and ProtoFire/Altoros. They are collaborating to create decentralized data marketplaces. Ecosystem Collaborators include Chainlink, Data Natives, Fabric Ventures, etc. These are the projects in the Web3 ecosystem that work on creating a more equitable future.

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Ocean Protocol Markets

(Top 10)

Ocean Protocol Historical Data

(Past 7 Days)

Frequently Asked Questions

  • What’s the current Ocean Protocol price? How much is 1 Ocean Protocol worth?

    The price of 1 Ocean Protocol is $0.381808. Over the last 24 hours, a Ocean Protocol is worth 3.34% more. Visit our currency converter page to convert OCEAN prices to currencies other than USD.
  • When did Ocean Protocol start?

    The earliest trading data for Ocean Protocol is on May of 2019 (based on current exchange data).
  • How high can the Ocean Protocol price go?

    Ocean Protocol’s price has gone as high as $1.8297 (which is OCEAN’s all-time high). It achieved this price almost 2 years ago. Speculations abound for how high Ocean Protocol’s price will get in the future.
  • What's the smart contract address for Ocean Protocol?

    Ocean Protocol's smart contract address is 0x967da4048cd07ab37855c090aaf366e4ce1b9f48.

Today's OCEAN / Ocean Protocol News for January 27, 2023


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