Registration to acquire Ocean tokens is now open at oceanprotocol.com. The registration period runs until March 19.

To check your eligibility, please go to oceanprotocol.com

Everyone that registers will be able to acquire Ocean tokens through our partners Coinlist & Fractal on a first come, first serve basis when the purchase period opens in early March.

Those that already registered and/or aquired Ocean tokens in March 2018 and wish to acquire more Ocean tokens do not need to re-register again. You will receive an email with additional information you need to receive your Ocean tokens. There is no further action required from you right now.

The Ocean network is expected to launch by March 31 and no later than 15 days afterwards, you will receive all Ocean tokens that you acquired.

We encourage you to follow us on Telegram and Twitter to get the latest updates.

Why We’re Doing This

Our goal is to kick-start a new Data Economy that touches every single person, company and device in the world. It’s a Data Economy that gives control back to data owners, and at the same time, exposes data to AI for discovery and consumption.

Why now?

We designed the fundraising in phases, so that as we made progress and showed the community results, we could come back to for more contributions.

Safety First!

There will not be any surprise sales or giveaways. We will not use banner ads to advertise the token distribution on Twitter, Facebook or any other social media. If you see any, they are likely phishing or scam sites. Stay away.

All official email correspondence that asks you to provide additional information will have a secret passphrase that is assigned to you.

To protect against scams, we encourage all participants to bookmark our website, download Cryptonite (a product of Metacert) — available on Chrome and Firefox, which gives you a green shield when a site is certified and whitelisted. If you get an email from us and your spidey senses start tingling, make sure to check with us on our Telegram or Twitter channels before clicking or opening.

Token Utility

The Ocean token will be an ERC20 compatible token with a utility inseparable from the Ocean platform. Users of the Ocean token will be data scientists, AI researchers, large enterprises, NGOs and governments that need a way to get data and services seamlessly. The entire network is underpinned by the smart contract based Service Execution Agreements.

A utility token binds and aligns all stakeholders around the Ocean Data Economy. There is no profit, no dividend, no ownership and no voting rights via the token; however, it can be used as the means of exchange within the network, as part of the network reward function for keepers and service providers, or as a stake to guarantee or bet on a data, an AI algorithm or model.

Token Allocations

For the network launch, 32 million tokens available for Acquirors and companies that want to use Ocean.

A total of 1.41 billion Ocean tokens will be emitted, with 60% of the tokens generated as part of the network reward. 15% for Acquirors, 20% for the founding teams and 5% for community and ecosystem development.

We’ve adjusted the token allocations, reducing amounts to both the Foundation and for Acquirors and re-assigning the tokens to the Network Reward.