Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Ocean Protocol, and is trustworthy!
You can find our top 3 exchanges for buying Ocean Protocol here, alternatively you can also check our comparison of the best Australian crypto exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Ocean Protocol
And of course, the final step is to find Ocean Protocol on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Ocean Protocol (OCEAN)
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How to Sell Ocean Protocol
- Sign into the exchange
- Find where you stored your Ocean Protocol, either on a hardware wallet or on the exchange.
- Transfer your Ocean Protocol to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Ocean Protocol.
Considerations when looking to buy Ocean Protocol.
Ocean Protocol is a Blockchain-based ecosystem that allows individuals to unlock the value and monetize their data through ERC-20 datatokens.
Ocean Protocol allows publishers to monetize data while maintaining privacy and control. Consumers can also access datasets previously difficult or unavailable. These datasets are available on the Ocean Market where they can later be consumed or sold.
Ocean Protocol's data services are represented by unique datatokens. These tokens can be used to wrap data or compute-to data services. This allows third parties to access the data and perform operations without the data ever leaving the publisher's secure enclave.
OCEAN is a utility token used to manage communities and stake data. It can also be used to buy and sell data on the Ocean Market. An OCEAN-datatoken AMM Pool sets the price for these datatokens. This pool adjusts the price as the token is purchased and sold based upon supply and demand.
Ocean Protocol allows anyone with desired datasets to tokenize and make their data available on the Ocean Market.
This creates an additional income stream to data publishers, while scientists, researchers and data analysts have access to more reliable information.
Ocean Protocol offers the tools necessary for companies to create and launch their data markets. This can be done by either forking the Ocean Protocol or using the Ocean Protocol React hooks. This document also contains extensive documentation that will assist you in this process.
Holders of OCEAN tokens have the opportunity to directly participate in datatoken economics by staking their tokens onto datasets on Ocean Market. The selected OCEAN datatoken pool will then be available for liquidity providers. Stakers can earn a fraction the transaction fees.