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@ -11,6 +11,19 @@ Hopefully, you'll find the answers here! If not then please don't hesitate to re
### General ### General
<details>
<summary>What is Ocean Protocol, and how is it related to artificial intelligence? What are the project's future goals?</summary>
The mission of Ocean is to level the playing field around data & AI.
AI models need data; Ocean provides tools to help supply, manage, and monetize that data.
Ocean tokenizes access to data, enabling web3 wallets to hold keys to data, decentralized data exchanges, token-gated APIs, the provenance of data sharing, compute to data, and more.
The Ocean core team & Ocean community continue to evolve the stack and applications around it, which in turn drives traction.
You can learn more about what we are doing in 2023 in this [blog post](https://blog.oceanprotocol.com/ocean-protocol-update-2023-44ed14510051a).
</details>
<details> <details>
<summary>Is Ocean aiming to be a marketplace for data?</summary> <summary>Is Ocean aiming to be a marketplace for data?</summary>
@ -54,7 +67,7 @@ While Ocean Protocol primarily focuses on data sharing and data-related technolo
<details> <details>
<summary>what are the steps needed to encourage people to use the Ocean market, considering the current low consume volume (excluding wash consume)?</summary> <summary>What are the steps needed to encourage people to use the Ocean market, considering the current low consume volume (excluding wash consume)?</summary>
There are a wide host of technical, business, and cultural barriers to overcome before volume sales can scale. Blockchain and crypto technology are relatively new and adopted by a niche group of enthusiasts. On top, the concept of a Data Economy is still nascent. Data buyers are generally restricted to data scientists, researchers, or large corporations, while data providers are mainly corporations and government entities. The commercialization of data is still novel and the processes are being developed and refined. There are a wide host of technical, business, and cultural barriers to overcome before volume sales can scale. Blockchain and crypto technology are relatively new and adopted by a niche group of enthusiasts. On top, the concept of a Data Economy is still nascent. Data buyers are generally restricted to data scientists, researchers, or large corporations, while data providers are mainly corporations and government entities. The commercialization of data is still novel and the processes are being developed and refined.
@ -127,8 +140,7 @@ What we can share is our dedicated efforts to enhance accessibility for our tool
<summary>Are there any plans to increase data consume volume for datasets on the Ocean market?</summary> <summary>Are there any plans to increase data consume volume for datasets on the Ocean market?</summary>
Yes, currently, we have several ongoing initiatives. On one hand, there's the data farming effort, and we're also actively developing templates and showcases, enhancing the technology stack, hosting and rewarding participants in data challenges. All of these efforts are geared towards increasing platform engagement and bringing more people into the ecosystem. ⁣ Yes, currently, we have several ongoing initiatives. On one hand, there's the data farming effort, actively developing templates and showcases, enhancing the technology stack, hosting and rewarding participants in data challenges. All of these efforts are geared towards increasing platform engagement and bringing more people into the ecosystem. ⁣
</details> </details>
@ -174,6 +186,14 @@ While we currently don't have a dedicated dashboard for this information, you ca
<details> <details>
<summary>Is there a dashboard that shows the actual network revenues and the 5% portion that is supposed to be burned?</summary>
While we currently don't have a dedicated dashboard for this information, you can access it at the smart contract level. As an example, for Polygon-generated revenue(the most used network), you can view this information on [polygonscan](https://polygonscan.com/address/0x042BFbd88c3998282153088604207b2AeF045b43#tokentxns).
</details>
<details>
<summary>Is the ocean still about stake and earn?</summary> <summary>Is the ocean still about stake and earn?</summary>
Staking and earning are part of the project, incentivizing people and curating data assets. But this is just one part, We encourage you to discover more about the project by going through the [docs](https://docs.oceanprotocol.com/). Staking and earning are part of the project, incentivizing people and curating data assets. But this is just one part, We encourage you to discover more about the project by going through the [docs](https://docs.oceanprotocol.com/).
@ -252,7 +272,7 @@ Yes. Ocean Protocol understands that some data is too sensitive to be shared —
<summary>Where is my data stored?</summary> <summary>Where is my data stored?</summary>
Ocean does not provide data storage. Users have the choice to [store](../user-guides/asset-hosting/README.md) their data on their own servers, cloud, or decentralized storage. Users need only to provide a URL, an IPFS hash, an Arweave CID, or the on-chain information to the dataset. This is then encrypted as a means to protect access to the dataset. Ocean does not provide data storage. Publishers have the choice to [store](../user-guides/asset-hosting/README.md) their data on their own servers, cloud, or decentralized storage. Users need only to provide a URL, an IPFS hash, an Arweave CID, or the on-chain information to the dataset. This is then encrypted as a means to protect access to the dataset.
</details> </details>
@ -308,18 +328,6 @@ All the ecosystem information is available on the [website](https://oceanprotoco
<details> <details>
<summary>What is Ocean Protocol, and how is it related to artificial intelligence? What are the project's future goals?</summary>
The mission of Ocean is to level the playing field around data & AI.
AI models need data; Ocean provides tools to help supply, manage, and monetize that data.
Ocean tokenizes access to data, enabling web3 wallets to hold keys to data, decentralized data exchanges, token-gated APIs, the provenance of data sharing, compute to data, and more.
The Ocean core team & Ocean community continue to evolve the stack and applications around it, which in turn drives traction.
You can learn more about what we are doing in 2023 in this [blog post](https://blog.oceanprotocol.com/ocean-protocol-update-2023-44ed14510051a).
</details>
<details>
<summary>Is there a real-time bot that tracks dataset sales on Ocean Protocol?</summary> <summary>Is there a real-time bot that tracks dataset sales on Ocean Protocol?</summary>
Not to our knowledge. If you find something, please share it with us 🙃 Not to our knowledge. If you find something, please share it with us 🙃
@ -343,14 +351,6 @@ Check out our [roadmap](https://oceanprotocol.com/technology/roadmap) to see wha
<details> <details>
<summary>Does the OCEAN token also have governance functionality?</summary>
During the Ocean DAO grants program (2021-2022), the Ocean token was used for community voting and governance. Currently there are no governance functions associated with the Ocean Token. In the future, when there is broader adoption of the Ocean technology and a vibrant community and ecosystem has formed around Ocean, further options for community governance with the Ocean token will be explored.
</details>
<details>
<summary>Who is the CEO of Ocean Protocol?</summary> <summary>Who is the CEO of Ocean Protocol?</summary>
Ocean Protocol is an open-source project with no official lead. The protocol is permissionless and all the code and components are available for free. For administrative purposes, there is a limited liability non-profit company registered in Singapore with three directors including Trent McConaghy and Bruce Pon, co-founders of Ocean. Ocean Protocol is an open-source project with no official lead. The protocol is permissionless and all the code and components are available for free. For administrative purposes, there is a limited liability non-profit company registered in Singapore with three directors including Trent McConaghy and Bruce Pon, co-founders of Ocean.
@ -423,7 +423,6 @@ OCEAN is the main currency of the Ocean network, particularly the Ocean Market.
</details> </details>
### Tokenomics ### Tokenomics
<details> <details>
@ -822,7 +821,7 @@ Yes, you will still earn Passive Rewards. However, Active rewards need "Data Con
<details> <details>
<summary>I had to pay $13 to claim 34 Ocean passive rewards. Additionally, I made 0 from last week's active rewards, despite 32 sales and a large allocation. Can you explain why?</summary> <summary>What is the APY of data farming and is it rewarding to participate considering the high gas costs?</summary>
The amount of rewards is highly dependent on the locking period. the longer you lock your tokens, the greater the rewards. You can use [this document](https://docs.oceanprotocol.com/user-guides/data-farming/how-to-estimate-apy) to estimate the amount you'll get. The amount of rewards is highly dependent on the locking period. the longer you lock your tokens, the greater the rewards. You can use [this document](https://docs.oceanprotocol.com/user-guides/data-farming/how-to-estimate-apy) to estimate the amount you'll get.
@ -1106,6 +1105,26 @@ You can convert psdnOCEAN back to $OCEAN using the Balancer AMM liquidity [pool]
<details> <details>
<summary>What is veOcean and staking in context of Ocean Protocol? </summary>
[veOCEAN](https://docs.oceanprotocol.com/rewards/df-veocean) (vote-escrowed OCEAN) is a special token in the Ocean Protocol ecosystem. Users can obtain veOCEAN by staking their OCEAN tokens for a specific period. This shows commitment to the network. Longer lock periods for veOCEAN typically yield higher rewards.
You can lock your Ocean Token at - df.oceandao.org
</details>
<details>
<summary>Could you explain the benefits of staking $OCEAN tokens and how the APY is calculated?</summary>
Yes, You can find the details in these resources.⁣
1. [Benefits](https://docs.oceanprotocol.com/rewards/veocean).
2. [Passive Rewards](https://docs.oceanprotocol.com/rewards/df-intro).
3. [Emissions & APYs](https://docs.oceanprotocol.com/rewards/df-emissions-apys).
</details>
<details>
<summary>What is the percentage of tokens currently staked?</summary> <summary>What is the percentage of tokens currently staked?</summary>
You can find the statistics for the number of locked tokens [here](https://autobotocean.com/veOcean). As of September 2023, there are approximately 700 million Ocean tokens in circulation, out of which approximately 30 million have been locked. ⁣ You can find the statistics for the number of locked tokens [here](https://autobotocean.com/veOcean). As of September 2023, there are approximately 700 million Ocean tokens in circulation, out of which approximately 30 million have been locked. ⁣
@ -1179,25 +1198,6 @@ You can't be an active staker without being a passive one first. In order to act
</details> </details>
<details>
<summary>What is veOcean and staking in context of Ocean Protocol? </summary>
[veOCEAN](https://docs.oceanprotocol.com/rewards/df-veocean) (vote-escrowed OCEAN) is a special token in the Ocean Protocol ecosystem. Users can obtain veOCEAN by staking their OCEAN tokens for a specific period. This shows commitment to the network. Longer lock periods for veOCEAN typically yield higher rewards.
You can lock your Ocean Token at - df.oceandao.org
</details>
<details>
<summary>Could you explain the benefits of staking $OCEAN tokens and how the APY is calculated?</summary>
Yes, You can find the details in these resources.⁣
1. [Benefits](https://docs.oceanprotocol.com/rewards/veocean).
2. [Passive Rewards](https://docs.oceanprotocol.com/rewards/df-intro).
3. [Emissions & APYs](https://docs.oceanprotocol.com/rewards/df-emissions-apys).
</details>
<details> <details>
@ -1444,14 +1444,6 @@ Yes, from the get-go! It doesn’t matter how data is priced, this works for all
<details> <details>
<summary>Is there a dashboard that shows the actual network revenues and the 5% portion that is supposed to be burned?</summary>
While we currently don't have a dedicated dashboard for this information, you can access it at the smart contract level. As an example, for Polygon-generated revenue(the most used network), you can view this information on [polygonscan](https://polygonscan.com/address/0x042BFbd88c3998282153088604207b2AeF045b43#tokentxns).
</details>
<details>
<summary>How are datatokens created, and how does the creator make money?</summary> <summary>How are datatokens created, and how does the creator make money?</summary>
[Datatokens](https://docs.oceanprotocol.com/developers/contracts/datatokens) represent access rights to a specific dataset on the Ocean Protocol. Creators of datasets tokenize their data, creating these datatokens. Each datatoken is unique to a dataset. [Datatokens](https://docs.oceanprotocol.com/developers/contracts/datatokens) represent access rights to a specific dataset on the Ocean Protocol. Creators of datasets tokenize their data, creating these datatokens. Each datatoken is unique to a dataset.