We'Re happy to share: control over the OCEAN token

contract will be revoked soon.

Remaining OCEAN will be minted, to vest to community over decades.

OCEAN will be fully decentralized and unpausable.

Two posts have detail. First, an overview👇

https://blog.oceanprotocol.com/control-over-the-ocean-contract-to-be-revoked-soon-overview-6c5b15be2db

The second post has all the technical details of the OCEAN token actions 👇

(And there will be an AMA, read on:)

https://blog.oceanprotocol.com/control-over-the-ocean-contract-to-be-revoked-soon-technical-77cb8923171

From the day we first launched, Ocean's mission has been to level the playing field around data & AI.

For that, we need to get fully decentralized.

This is another step towards that journey.

In 2019, 613M (43.5%) OCEAN was minted with the majority distributed to token acquirors, Ocean community via grants and Ocean Protocol Fd'n for admin&ops.

56.5% remained. As of May 2023, it will be minted for community.

The unminted 56.5% (797M OCEAN) OCEAN will be minted for community incentives programs.

Data Farming is big kahuna here. It's now stable enough to be ready for its budgeted OCEAN, which vests over decades.

Ocean Data Farming incentivizes for data consume volume, with an element of staking that in turn helps data curation

It hit its final phase -- DF Main -- a couple months back. This post👇 has details.

https://blog.oceanprotocol.com/ocean-data-farming-main-is-here-49c99602419e#707e

Data Farming Main phase has several implementation steps, as this image shows. The "Control over OCEAN .. Technical" post details.

As before: Ocean long-term incentives and OCEAN token design go hand-in-hand.

More Q's?
The two new "Control over OCEAN" blog posts linked above have great detail.

More Q's yet?
We've got an AMA for you! Thu May 25 at 12.30pm UTC with @trentmc0 @BrucePon and @alexcos20

Summary:
- control over OCEAN will be revoked soon
- remaining 56.5% of OCEAN will be minted, to vest to community over decades. Data Farming, more
- OCEAN will be fully decentralized and unpausable
- Overview: https://blog.oceanprotocol.com/control-over-the-ocean-contract-to-be-revoked-soon-overview-6c5b15be2db
- Technical: https://blog.oceanprotocol.com/control-over-the-ocean-contract-to-be-revoked-soon-technical-77cb8923171

If you have any questions regarding the decentralization of the token we do have a good news. There will be an AMA happening soon. Details in the below tweet :)