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Frequently asked questions

Is Ocean Protocol worth buying?

Ocean Protocol is a valuable project because it enables secure and transparent data exchange between individuals and organizations, it also facilitates the creation of new data-driven products and services. Additionally, it provides a way for individuals and organizations to monetize their data. It uses blockchain technology to ensure data privacy and security. And at last, this project can be very interesting to an average data user as it offers a decentralized and open platform for data exchange, where users retain control over their data. Such reasons could lead to the increase of this project's popularity and demand in the future.

What are the advantages of using SEPA/bank transfer?

Some of the greatest advantages of this payment method include: Simplified payments handling, Reduced processing costs, Reduced bank charges, Quick payments, and Easier cross-border transfers.

Who are the founders of Ocean Protocol ?

Ocean Protocol was founded in 2017 by an experienced group of consultants and entrepreneurs who have extensive experience in developing and growing high-tech businesses.

The main team of Ocean Protocol includes: Bruce Pon, an experienced international project manager and current CEO of BigchainDB, Trent McConaghy, an experienced engineer and artificial intelligence expert, Christina Pon, Marketing Director of Ocean Protocol and BigchainDB, and Razvan Olteanu, who has more than 20 years of technical and managerial experience in senior roles. The main team of Ocean Protocol currently consists of 15 people. The project is supported by a huge team of consultants, many of whom are experts in artificial intelligence, blockchain, big data and business, and have developed and managed their own successful companies. The project is supported by Ocean Protocol Foundation, a non-profit foundation based in Singapore, and OceanDAO.

Does SEPA/bank transfer have fees and charges?

There are no fees associated with this method initially. But note that SEPA trades crypto by Euro fiat currency, so if you insist on trading with other currencies using this method might require extra fees. Also, there are zero exchange fees for your crypto-trading through our exchange.

What would be the future of the Ocean Protocol project?

Since Ocean Protocol’s digital currency is an ERC-20 token and conforms to Ethereum standards, it can be stored on a wide range of Ethereum-compatible wallets. In addition to these software wallets, which are free and web-based or app-based, you can also store your valuable OCEAN tokens on hardware wallets. If you have a large amount of OCEAN tokens and you do not intend to buy or sell them at the moment, it is probably a better option to keep them in a hardware wallet. Although hardware wallets are not free, they have much higher security. Also, on our exchange, in addition to the possibility of buying and selling OCEAN tokens, there is also an internal wallet where you can store your crypto tokens after purchase. One of the most important features of the internal wallet of our exchange is the elimination of the transaction fee of transferring assets to a personal wallet. Also, if you want to transfer your Ocean Protocol crypto currency to the exchange and buy and sell it, the speed of your operation will be faster through this internal wallet.

What areas support SEPA/bank transfer for crypto purchases?

SEPA compatible areas consist of EEA (European Economic Area) countries, the United Kingdom, Switzerland, Andorra, Gibraltar, San Marino, and Vatican City.

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