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GITBOOK-156: Updated manage your ocean tokens page
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Ana Loznianu
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* [👋 Welcome](README.md)
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* [🌊 Discover](discover/discover.md)
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* [Explore](discover/explore.md)
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* [Networks](discover/networks/README.md)
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* [Bridges](discover/networks/bridges.md)
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* [Engage](discover/engage.md)
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* [Wallets](discover/wallets.md)
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* [Set Up MetaMask Wallet](discover/metamask-setup.md)
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* [Networks](discover/networks/README.md)
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* [Bridges](discover/networks/bridges.md)
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* [Manage Your OCEAN Tokens](discover/wallets-and-ocean-tokens.md)
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* [Glossary](discover/glossary.md)
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* [FAQ](discover/faq.md)
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---
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description: >-
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Ocean Protocol aims to kick-start a new data economy by giving power back to
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people and giving researchers the data they need. Ocean Protocol technology
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enables data to become an asset
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Why Ocean? Ocean Protocol aims to kick-start a new data economy by giving
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power back to people and giving researchers the data they need. Ocean Protocol
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technology enables data to become an asset
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cover: ../.gitbook/assets/landing/rewards.png
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coverY: 0
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---
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discover/engage.md
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discover/engage.md
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---
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description: 'Harnessing the Power of Blockchain: Understanding Ocean Protocol''s Foundation'
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---
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# Engage
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As you embark on your journey to engage with Ocean, let's explore some fundamental concepts:
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### 1. Understanding Blockchain: The Backbone of Ocean Protocol
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Blockchain is a revolutionary technology that underpins the decentralized nature of Ocean Protocol. At its core, blockchain is a distributed ledger that securely records and verifies transactions across a network of computers. It operates on key concepts that ensure trust and immutability:
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* **Decentralization**: Blockchain eliminates the need for intermediaries by enabling a peer-to-peer network where transactions are validated collectively. This decentralized structure enhances transparency, reduces reliance on centralized authorities, and promotes a more inclusive and democratic data economy.
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* **Immutability**: Once a transaction is recorded on the blockchain, it becomes virtually impossible to alter or tamper with. The data is stored in blocks, which are cryptographically linked together, forming an unchangeable chain of information. Immutability ensures the integrity and reliability of data, providing a foundation of trust in the Ocean Protocol ecosystem.
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* **Consensus Mechanisms**: Blockchain networks employ consensus mechanisms to validate and agree upon the state of the ledger. These mechanisms ensure that all participants in the network reach a consensus on the validity of transactions without relying on a central authority. Popular consensus mechanisms include Proof of Work (PoW) and Proof of Stake (PoS).
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Ocean Protocol harnesses the power of blockchain to facilitate secure and auditable data exchange. By leveraging blockchain technology, Ocean ensures that data transactions are transparent, verifiable, and tamper-proof. Here's how blockchain is utilized in the Ocean Protocol ecosystem:
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* **Data Asset Representation**: Data assets in Ocean Protocol are represented as non-fungible tokens (NFTs) on the blockchain. NFTs provide a unique identifier for each data asset, allowing for seamless tracking, ownership verification, and access control. Through NFTs, data assets become easily tradable and interoperable within the Ocean ecosystem.
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* **Smart Contracts**: Ocean Protocol utilizes smart contracts to automate and enforce the terms of data exchange. Smart contracts act as self-executing agreements that facilitate the transfer of data assets between parties based on predefined conditions. This enables secure and efficient data transactions while eliminating the need for intermediaries.
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* **Tamper-Proof Audit Trail**: Every data transaction on Ocean Protocol is recorded on the blockchain, creating an immutable and tamper-proof audit trail. This ensures the transparency and traceability of data usage, providing data owners and consumers with a verifiable record of the entire transaction history.
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By integrating blockchain technology, Ocean Protocol establishes a trusted and decentralized infrastructure for data exchange. It empowers individuals and organizations to securely share, monetize, and leverage data assets while maintaining control and privacy.
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### **2. Ocean Tokens: Empowering Data Ownership and Monetization**
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Ocean tokens (OCEAN) are the native cryptocurrency of the Ocean Protocol ecosystem. They serve as the medium of exchange for data services, enabling data owners, consumers, and service providers to participate in the data economy. Here's how Ocean tokens are used within the ecosystem:
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1. **Data Ownership**: Ocean tokens empower data owners by providing them with control over their data assets. Through the use of smart contracts, data owners can define access permissions, usage rights, and pricing terms for their data. By holding and staking Ocean tokens, data owners can maintain ownership and exercise greater control over their data assets.
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2. **Data Monetization**: Ocean tokens enable data owners to monetize their data assets. Data owners can set a price in Ocean tokens for accessing and utilizing their data. This creates opportunities for data owners to unlock value from their data assets by offering them for sale or licensing them to interested parties. The use of Ocean tokens ensures secure and transparent transactions, enabling data owners to be fairly compensated for their valuable data.
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3. **Data Consumption**: Consumers of data services within the Ocean ecosystem utilize Ocean tokens to access and utilize data assets. By paying the required amount of Ocean tokens, consumers can obtain access to high-quality data, enabling them to enhance their research, analysis, and AI model training. Ocean tokens facilitate seamless and secure transactions between data providers and consumers, fostering a thriving data marketplace.
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4. **Governance and Staking**: Ocean token holders have the opportunity to participate in the governance of the protocol. By staking their Ocean tokens, holders can vote on proposals and decisions that shape the future development and direction of the Ocean Protocol ecosystem. Staking also helps secure the network and ensures the integrity of the data transactions.
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Get ready to engage with Ocean Protocol by understanding the key components required. Learn how to connect your web3 wallet, choose the appropriate network (mainnet or testnet), and interact with smart contracts to buy, sell, or trade data assets.
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---
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description: >-
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What Can You Do with Ocean? Unlock the Potential of Your DataUnlocking the
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Power of Decentralised Data
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description: What Can You Do with Ocean? Unlock the Potential of Your Data
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---
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# Explore
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@ -41,7 +39,6 @@ These are a few examples of what can be built on top of Ocean.
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<summary><mark style="color:orange;">Build Your Data Marketplace</mark><br><br>With Ocean Protocol, you have the flexibility to create and launch your own data marketplace tailored to your specific requirements. Utilize the protocol's infrastructure and tools to establish a platform where data providers and consumers can connect and transact. </summary>
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\
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You can choose from two options:
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1. **Fork the** [**Ocean Marketplace**](https://github.com/oceanprotocol/market) **and customize it**: You have the ability to fork the existing [Ocean Marketplace](https://github.com/oceanprotocol/market) codebase and customize it according to your needs. This allows you to leverage the foundational infrastructure and functionality already built by Ocean Protocol while tailoring the user interface, features, and branding to align with your marketplace vision. Follow this [tutorial](../tutorials/build-a-marketplace/) to learn how to do it.
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@ -99,3 +96,6 @@ As an Ocean Ambassador, you become an advocate for the protocol, promoting its v
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</details>
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This is just the beginning of what Ocean Protocol has to offer. Join us as we explore, innovate, and push the boundaries of what's possible with decentralized data. Together, we can shape a future where data is accessible, secure, and empowers individuals and organizations alike. Let's dive in and discover the endless possibilities of Ocean Protocol :ocean:
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@ -4,7 +4,7 @@ description: >-
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Tokens to others
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---
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# Manage Your OCEAN Tokens 🪙
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# Manage Your OCEAN Tokens
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If you don't see any Ocean Tokens in your crypto wallet software (e.g. MetaMask or MyEtherWallet), don't worry! It might not know how to manage Ocean Tokens yet.
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@ -12,35 +12,7 @@ If you don't see any Ocean Tokens in your crypto wallet software (e.g. MetaMask
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Almost all ERC-20 wallets require these values for adding a custom token:
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**Mainnet**
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* Contract Address: `0x967da4048cD07aB37855c090aAF366e4ce1b9F48`
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* Symbol: `OCEAN`
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* Decimals: `18`
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**Polygon Mainnet (previously Matic)**
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* Contract Address: `0x282d8efCe846A88B159800bd4130ad77443Fa1A1`
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* Symbol: `mOCEAN`
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* Decimals: `18`
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**Binance Smart Chain (BSC)**
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* Contract Address: `0xdce07662ca8ebc241316a15b611c89711414dd1a`
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* Symbol: `OCEAN`
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* Decimals: `18`
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**Görli**
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* Contract Address: `0xCfDdA22C9837aE76E0faA845354f33C62E03653a`
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* Symbol: `OCEAN`
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* Decimals: `18`
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**Mumbai**
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* Contract Address: `0xd8992Ed72C445c35Cb4A2be468568Ed1079357c8`
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* Symbol: `OCEAN`
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* Decimals: `18`
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<table data-full-width="true"><thead><tr><th>Network name</th><th>Contract Address</th><th>Symbol</th><th>Decimals</th></tr></thead><tbody><tr><td><strong>Mainnet</strong></td><td>0x967da4048cD07aB37855c090aAF366e4ce1b9F48</td><td>OCEAN</td><td>18</td></tr><tr><td><strong>Polygon</strong><br><strong>(ex Matic)</strong></td><td>0x282d8efCe846A88B159800bd4130ad77443Fa1A1</td><td>mOCEAN</td><td>18</td></tr><tr><td><strong>BSC</strong><br><strong>Binance Smart Chain</strong></td><td>0xdce07662ca8ebc241316a15b611c89711414dd1a</td><td>OCEAN</td><td>18</td></tr><tr><td><strong>Görli</strong></td><td>0xCfDdA22C9837aE76E0faA845354f33C62E03653a</td><td>OCEAN</td><td>18</td></tr><tr><td><strong>Mumbai</strong></td><td>0xd8992Ed72C445c35Cb4A2be468568Ed1079357c8</td><td>OCEAN</td><td>18</td></tr></tbody></table>
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The [OCEAN Token page](https://oceanprotocol.com/token) at oceanprotocol.com has further details.
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