In the table fees the last row is Ocean Community

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Ocean Protocol 🌊

Noybe

In the table fees the last row is Ocean Community

0.03 DT. What is the meaning of 0.03DT what is the unit?

#cryptocurrency #english #ocean

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26.05.2024

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KreigDK | Never DM first🌊 · Accepted Answer

The "0.03 DT" in the table refers to the Ocean Community fee, which is set at 0.03 Data Tokens (DT). This fee is collected during order operations and reinvested in community projects. Datatokens are used within the Ocean Protocol to represent licenses to access data assets. They serve as a key mechanism for access control, allowing data assets to be tokenized, traded, shared, and accessed in a decentralized manner. Each datatoken is associated with a particular data asset, and its value is derived from the dataset's availability, scarcity, and demand. Data owners can retain ownership and control over their data while enabling others to access and utilize it based on predefined license terms. https://docs.oceanprotocol.com/developers/contracts/datatokens

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In the table fees the last row is Ocean Community

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