Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Update faq.md #1455

Open
wants to merge 1 commit into
base: main
Choose a base branch
from
Open

Update faq.md #1455

Changes from all commits
Commits
Show all changes
1 commit
Select commit
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
23 changes: 7 additions & 16 deletions discover/faq.md
View file
Open in desktop
Original file line number Diff line number Diff line change
Expand Up @@ -64,15 +64,16 @@ To be fully decentralized means no single point of control, at any level of the
## About OCEAN

<details>
<summary>How is OCEAN used? How does it capture value?</summary>

OCEAN has mechanics to increase demand and reduce supply.
<summary>What is ASI token and what it's major usecase?</summary>
In late March, Ocean Protocol, Singularity NET & Fetch.ai joined forces to form Superintelligence Alliance and announced a token meger, combining OCEAN, FET,& AGIX into a single ASI. ASI token will fund the Superintelligence Alliance's mission to build decentralized Artificial Superintelligence (ASI) for the benefit of humanity. We're focused on developing decentralized AI tools for today's business and retail applications, while also securing decentralized compute power for the future of AI.

</details>

OCEAN is used to stake on data for curation, to buy & sell data, and more. The [OCEAN page](https://www.oceanprotocol.com/token) has details. Usage drives demand.
<details>
<summary>How is OCEAN used? How does it capture value?</summary>

OCEAN can be locked into veOCEAN; veOCEAN holders receive Data Farming rewards. The rewards increase demand for OCEAN; and locking veOCEAN reduces near-term supply of OCEAN.
OCEAN token major usage is currently in Predictoor DF i.e. rewarding Predictoors who perform predictions on DeFi token price feeds to predict the price directions of Defi token feeds. To know more about this, navigate [here](https://docs.oceanprotocol.com/data-farming)

For each consume transaction, a small fee goes to the Ocean community, which in turn goes to buy back OCEAN and burn it (buy-and-burn). This reduces supply permanently.
</details>

<details>
Expand All @@ -81,16 +82,6 @@ For each consume transaction, a small fee goes to the Ocean community, which in
1.41 Billion OCEAN.
</details>

<details>
<summary>What is the circulating supply of OCEAN? What is the emission schedule for OCEAN?</summary>

All OCEAN have been [minted](https://blog.oceanprotocol.com/control-over-the-ocean-contract-to-be-revoked-soon-overview-6c5b15be2db).

There are more than 540 million OCEAN in circulation; the [OCEAN page](https://oceanprotocol.com/about-us/ocean-token) has the precise number.

The remaining tokens emit over decades, mostly for Ocean Data Farming. The [Emissions & APYs page](../data-farming/apys-guide.md) has details.
</details>

<details>
<summary>Can OCEAN supply become deflationary?</summary>

Expand Down