OCEAN Protocol is an AI modular data access layer for Web3 DApps, designed to facilitate seamless user interactions across major blockchain ecosystems.

By prioritizing privacy, and ownership, OCEAN Protocol empowers users to engage confidently while generating value from their data. This innovative approach ensures that data-driven interactions are efficient and equitable, fostering a thriving ecosystem for developers and users alike.

The $OCEAN token economy encourages users to support data sharing and monetization while ensuring privacy and control for data providers.

Problem we solve

• Users and developers need to connect to blockchains to build and access crypto applications.

• Machine learning models are developed by analyzing large amounts of publicly available text and data. However, a small number of individuals currently maintain control and ownership of this data.

• Traditional machine learning still faces issues related to single-point server failures, which often arise from centralized servers used for global model aggregation. Moreover, it lacks an incentive system, resulting in insufficient participation from local devices in global model training.

• It is essential to design these systems in a way that enables individuals to protect their privacy rights if they choose to share their data.

The global blockchain technology market was valued at approximately USD 5.7 billion in 2021 and is projected to grow to around USD 1,593.8 billion by 2030, with an impressive compound annual growth rate (CAGR) of 87.1% during the period from 2022 to 2030.

Meanwhile, the global artificial intelligence (AI) market was valued at about USD 87.04 billion in 2021 and is anticipated to reach approximately USD 1,597.1 billion by 2030, exhibiting a CAGR of 38.1% over the same period.

In 2021, the Blockchain AI market was valued at USD 230.10 million and is expected to grow to USD 980.70 million by 2030, reflecting a CAGR of 24.06%. The relatively small size of the Blockchain AI market in 2021, compared to the larger blockchain and AI markets, can be attributed to several factors, including the complexity of new technologies, limited awareness, technical challenges, regulatory uncertainties, investment in research and development, and the evolution of practical use cases.

Integrating AI with Web3 brings its own set of challenges, but the potential advantages encourage further exploration. The combination of blockchain and AI has the power to create new business models, enhance operational efficiencies, automate tasks, facilitate secure data exchange, and build greater trust in economic processes.

Decentralizing data in AI training is crucial for unlocking AI's potential in the Web3 ecosystem. The current model centralizes control, limiting transparency and risking data privacy. This contradicts Web3’s core values of decentralization and user control. By decentralizing AI, data can be more equitably distributed and securely managed, fostering collaboration and trust. It also enables incentive mechanisms to encourage broader participation, improving global AI models while safeguarding individual contributions.

Leverage Decentralized AI Analytics to Deliver Data-backed Investment Strategies

Ocean AI offers a blockchain-based decentralized solution to address these challenges. By integrating blockchain technology with edge computing, it establishes a decentralized learning system. Additionally, an incentive mechanism is implemented to encourage local devices to actively engage in model training.

Ocean AI- Products

• OCEAN Protocol: OCEAN Protocol is the AI modular data access layer for Web3 DApps, designed to facilitate seamless user interactions across major blockchain ecosystems.

  By prioritizing privacy, and ownership, OCEAN Protocol empowers users to engage confidently while generating value from their data. This innovative approach ensures that data-driven interactions are efficient and equitable, fostering a thriving ecosystem for developers and users alike.

• AI Analytics Portal: OCEAN Protocol combines zkRollup technology alongside AI support to secure funding and provide safety assurances to participants in the early stages:

  Match-Making algorithm: for efficient deal flow management

  AI investment assistant: for timely decisions by analyzing market trends, project performance, and investor goals.

$OCEAN token:

$OCEAN is the native utility token of the Ocean AI ecosystem, enabling access to the protocol, investment platform and launchpad, AI features, liquidity deals, staking, and discounted platform fees.

Nodes are part of the verification layer. They are intentionally designed to prioritize privacy, lightweight (less than 1MB per month), and operate effectively even with sporadic activity. They facilitate global connectivity and are essential for maintaining the availability of computational resources.

By utilizing OCEAN Nodes, you become an integral component of a widespread connectivity framework, which is fundamental to our vision of an open and ubiquitous computing infrastructure.

• Node Incentive Mechanism

  1. During each round of training, the system will store the verification results returned by the verification device, the number of samples uploaded by the training device, and the training time of the device in the block.

  2. After a round of global model aggregation, the system will read the data saved on the block, calculate the reward of each training device according to the incentive mechanism, and send it to each local device.

  3. The incentive mechanism gives corresponding rewards or punishments according to the contribution of local devices to model training. During the federated learning process, in order to ensure that the verification devices can give honest reports, their verification results can be re-verified by other devices, and dishonest validation behaviors will be punished.

  4. At the same time, in order to improve the fairness of reward distribution, the system will allocate the training fee according to the size of contribution made by each training device.

AI2Earn is an economic model designed to reward participants in the Ocean AI ecosystem.

It consists of these main components:

• Users engage with our products and contribute to model training.

• Ocean AI captures, packages, and prepares advanced data assets for monetization.

• Users have the freedom to choose how and where their data is monetized.

• Node Verifier

To participate in AI2Earn, users must own Data Guardian NFTs, which allow them to earn reward tokens called OCEAN for contributing data to the network.

This approach ensures that users retain the monetization rights to their advanced data assets.

Our AI2Earn business model focuses on monetizing user data to foster a sustainable economy that rewards users rather than charging them.

Users can easily monitor their contributions and rewards through the Ocean AI dashboard.

To prioritize the interests of our community members, we are excited to introduce a comprehensive buyback program for those who have purchased our Nodes.

Refund Window: The request period for refunds will open six months after the Token Generation Event (TGE). We will provide clear communication regarding the exact duration of this window ahead of its opening.

Refund Terms: This policy ensures a 100% refund of the initial purchase amount in $OCEAN tokens for users who are dissatisfied for any reason. All Nodes purchased and their associated rewards must be returned to qualify for the refund.

100% Buyback Program Details: Our program reflects our commitment to creating a sustainable, user-owned network, fostering participation and confidence among our community through the '100% Buyback Program.'

Execution: The buyback will be conducted using $OCEAN, ensuring 100% liquidity from day one in the secondary market. This provides immediate accessibility and value retention for participants.

Eligibility and Definition of a Retail User: The buyback program is open to users who have not sold or transferred their Nodes and have not sold their initial TGE unlock or any rewards within the first 6 months after TGE.

Reallocation and Utilization of Nodes: Some of the Nodes bought back will be reallocated to existing active node operators to further incentivize their engagement. The remainder will be directed to the $OCEAN treasury, with potential applications including distributing node operation rewards to $OCEAN stakers or facilitating node resale or burning.

Additional Information: For further details, please visit our official website. We encourage our community to follow our social media channels and engage in our forums to stay updated.

How OCEAN Protocol works

System Architecture

Decentralized Learning: The nodes can collaborate to obtain the updated model, helping to avoid the issues associated with a single server that arise in centralized learning. In this setup, model updates are shared among interconnected nodes without relying on a central system. The model's performance is entirely influenced by the network topology we choose.

1. The demand release module primarily consists of model demanders, who are responsible for submitting demand tasks and paying both the model training fee and the verification fee.

2. Once the model demander pays the fees and supplies the initial model data, the system will distribute the relevant information about the initial model to each edge server, allowing local devices to download it.

3. The aggregation module consists of edge servers near local devices or data sources, like base stations with computing and storage capabilities. These servers store local model gradient parameters and uploaded block data, aggregating the global model while verifying the accuracy of the gradients to prevent dishonest devices from submitting incorrect information.

4. In the blockchain consensus process, local devices do not participate; instead, edge servers in the aggregation module engage in consensus to reduce communication delays.

5. The training module consists of local devices that train local models using local data samples. During model training, the system matches local devices with edge servers based on our proposed algorithm. Each local device uploads its model parameters only to its associated edge server and downloads the global model from that server.

6. The verification module is made up of select local devices. In each round of global model aggregation, the edge server sends the local model gradient parameters uploaded by the local devices to the verification devices, which use their own datasets to assess the quality of the local models and return the results to their associated edge servers.

Processing:

• Step 1: The particular device will download the current model.

• Step 2: The model would make improvements from the new data that we got from the device.

• Step 3: The model changes are summarized as an update and communicated to the cloud. This communication is encrypted.

• Step 4: On the cloud, there are many updates coming in from multiple users. These all updates are aggregated and the final model is built.

Incentive Mechanism

1. During each round of training, the system will store the verification results returned by the verification device, the number of samples uploaded by the training device, and the training time of the device in the block.

2. After a round of global model aggregation, the system will read the data saved on the block, calculate the reward of each training device according to the incentive mechanism, and send it to each local device.

3. The incentive mechanism gives corresponding rewards or punishments according to the contribution of local devices to model training. During the federated learning process, in order to ensure that the verification devices can give honest reports, their verification results can be re-verified by other devices, and dishonest validation behaviors will be punished.

Data Contributors

By installing our lightweight SDKs on devices such as smartphones, computers, cameras, or industrial equipment, data contributors can help train AI models while maintaining their privacy

Efficient and Lightweight: The SDKs are optimized to run on low-power devices without affecting their regular functionality. This is particularly important in settings such as manufacturing or energy management, where continuous performance is essential.

Data Consumers

For data consumers, Ocean AI provides access to some of the most advanced and precisely optimized models:

How It Works

Model Selection: data consumers can easily explore and choose from a wide range of pre-trained models, which have been continually refined through data and devices from diverse sources. These models are not only current but also optimized for real-world use.

Custom Models: If you have specific requirements, you can publish your own model on the Ocean AI platform. This allows you to motivate a network of devices to train your model using localized data, creating a “federated model” that benefits from diverse inputs across various companies and regions.

Collaboration Opportunities: Ocean AI fosters unparalleled collaboration between organizations, industries, and even across countries. Federated models can be trained by devices from different entities, all contributing to a shared objective while ensuring data privacy and security. This collaborative model opens new avenues for innovation and ensures that AI models stay at the forefront of technology.

How OCEAN Protocol is different

• Decentralization of Data: The system eliminates the need to centralize all data, enabling model training on varied datasets while preserving data privacy and minimizing extensive data transfers.

• Data Privacy & Protection: The system ensures compliance with privacy regulations, reduces the risk of data breaches, and enables the development of more robust models. These models benefit from a wider and more diverse dataset, which is often unattainable in centralized frameworks.

• Monetize AI & Data: OCEAN Protocol incentivizes validator nodes and miners with OCEAN tokens for maintaining the network. Users who contribute digital data for service or machine learning improvements are also rewarded.

OCEAN nodes are part of the verification module. They are intentionally designed to prioritize privacy, lightweight (less than 1MB per month), and operate effectively even with sporadic activity. They facilitate global connectivity and are essential for maintaining the availability of computational resources.

By utilizing OCEAN Nodes, you become an integral component of a widespread connectivity framework, which is fundamental to our vision of an open and ubiquitous computing infrastructure.

Advantages for OCEAN Node Operators

Linear Distribution: Node operators receive rewards for operating their node. Up to 30% of the total token supply is allocated for OCEAN Node operators.

Transaction Fees: Node operators can earn additional rewards through transaction fees generated by other applications on the network. This token stream increases as network activity rises.

The OCEAN protocol explorer provides a comprehensive view of all attestations and verifications across supported blockchains. Those with a Verifier License can use the explorer to delegate their licenses.

Introducing the OCEAN Intel Key NFT, a groundbreaking tool empowering users to take full control of their data. As an owner of an OCEAN Intel Key NFT, you can manage, monetize, and benefit from your data like never before, unlocking exclusive perks along the way. With OCEAN Intel Key, your data becomes your greatest asset. Also, you will be eligible for other perks: Ecosystem Rewards, Early Access to Features, …

Key Benefits and Utilities

Owning an OCEAN Intel Key NFT offers a range of exclusive benefits designed to enhance your experience within the Ocean AI ecosystem:

• Monetize AI & Data: Contribute your digital data to the OCEAN Network and earn $OCEAN tokens as rewards for enhancing services or improving machine learning capabilities.

• Guaranteed Participation in OCEAN Network Node Sale: Secure early access to the presale of the upcoming OCEAN Network Node Sale, allowing you to participate in this exclusive opportunity.

• Early AI Platform Access: Gain priority access to the OCEAN Network’s cutting-edge tools and features, being among the first to explore its immersive capabilities.

• Whitelist for Future NFT Drops: Enjoy priority access to upcoming OCEAN NFT releases, ensuring you don’t miss out on new and exciting digital assets.

• Raffle Entries: Participate in exclusive raffles for additional rewards and unique experiences available only to OCEAN Intel Key holders.

• AI Platform Point Multiplier: Maximize your performance and rewards within the AI platform through point multipliers, enhancing your overall engagement.

Project Purpose: You acknowledge that you are acquiring a Node License NFT to participate in Ocean AI and to access the services within its ecosystem. The Company, the Distributor, and their respective affiliates will develop and contribute to the underlying source code for Ocean AI. The Company is acting solely as an independent third party in relation to the distribution of the Node License NFT and is not serving as a financial advisor or fiduciary for anyone regarding this distribution.

Eligibility: To be eligible to use the Website (including its services) or participate in the Node License NFT distribution, you must be at least eighteen (18) years old. The Website, its interface, and services are strictly NOT offered to individuals or entities that reside in, are citizens of, are incorporated in, or have a registered office in any Restricted Territory, as defined below (any such individual or entity from a Restricted Territory shall be referred to as a Restricted Person). If you are a Restricted Person, do not attempt to access or use the Website. The use of a virtual private network (VPN) or other methods by Restricted Persons to access the Website, interface, or services is prohibited. For the purposes of these Terms, Restricted Territory includes the United States, China, North Korea, Pakistan, Russia, Ukraine, Serbia, Tunisia, Uganda, Turkey, Iran, Iraq, Liberia, Libya, Syrian Arab Republic, Tajikistan, Uzbekistan, Yemen, Sri Lanka, Belarus, Venezuela, or any other state, country, or region subject to sanctions enforced by the United States, the United Kingdom, or the European Union.

Validity of Token Documentation and Website: Nothing in the Token Documentation or on the Website constitutes an offer by the Company, the Distributor, or the Ocean AI team to sell any Node License NFT (as defined herein). Additionally, no part of it, nor its presentation, should be relied upon in connection with any contract or investment decision. The information contained in the Token Documentation or the Website does not represent a promise or guarantee regarding the future performance of Ocean AI. Any agreement between the Distributor (or any third party) and you regarding the distribution or transfer of Node License NFT will be governed solely by the specific terms and conditions of that agreement.

Deemed Representations and Warranties: By accessing the Token Documentation or the Website (or any part thereof), you are deemed to represent and warrant to the Company, the Distributor, their affiliates, and the Ocean AI team as follows:

1. In any decision to acquire a Node License NFT, you have not relied and will not rely on any statements made in the Token Documentation or on the Website.

2. You will, at your own expense, ensure compliance with all applicable laws, regulations, and restrictions.

3. You acknowledge and agree that Node License NFTs may have no value, that there are no guarantees or representations regarding their value or liquidity, and that Node License NFTs are not investment products and are not intended for speculative investment.

4. Neither the Company, the Distributor, their affiliates, nor the Ocean AI team will be responsible for or liable for the value of Node License NFTs, their transferability or liquidity, or the availability of any market for them through third parties or otherwise.

The Company, the Distributor, and the Ocean AI team do not make, nor do they claim to make, any representations, warranties, or commitments to any individual or entity, including, but not limited to, warranties regarding the accuracy, completeness, timeliness, or reliability of the contents of the Token Documentation or the Website, or any other materials published by the Company or the Distributor. To the fullest extent permitted by law, the Company, the Distributor, their affiliates, and service providers will not be liable for any indirect, special, incidental, consequential, or other losses of any kind, whether in tort, contract, or otherwise (including any liability arising from default or negligence, or any loss of revenue, income, profits, or data) that arise from the use of the Token Documentation or the Website, or any materials published, or from their contents (including any errors or omissions). Prospective purchasers of Node License NFTs should carefully assess and evaluate all risks and uncertainties (including financial and legal risks) associated with the distribution of Node License NFTs, the Company, the Distributor, and the Ocean AI team.

Node License NFT: Node License NFTs are intended for utilization, which is the primary objective of their distribution. Specifically, it is important to note that Node License NFTs:

1. Do not have any tangible or physical form and lack intrinsic value or pricing, with no representations or commitments made regarding their value.

2. Are non-refundable, cannot be redeemed for any assets from any entity or organization, and cannot be exchanged for cash or equivalent value in any other digital asset, nor are there any payment obligations from the Company, the Distributor, or their affiliates.

3. Do not grant the token holder any rights regarding the Company, the Distributor, or their affiliates, including rights to revenue, assets, future dividends, shares, voting rights, financial statements, or participation in meetings or decision-making.

Regardless of the Node License NFT distribution, users have no economic or legal rights or beneficial interests in the assets of the Company, the Distributor, or any of their affiliates after the distribution of tokens.

If a secondary market or exchange for trading Node License NFTs develops, it will operate independently from the Company, the Distributor, and the distribution of Node License NFTs. Neither the Company nor the Distributor will create such secondary markets or act as an exchange for Node License NFTs.

English Language: The Token Documentation and the Website may be translated into languages other than English for reference purposes only. In the event of any conflict or ambiguity between the English version and translated versions, the English version will take precedence. You acknowledge that you have read and understood the English version of the Token Documentation and the Website.

No Distribution: No part of the Token Documentation or the Website may be copied, reproduced, distributed, or disseminated in any form without the prior written consent of the Company or the Distributor. By attending any presentation related to this Token Documentation or by accepting any hard or soft copy of it, you agree to adhere to these restrictions.

The Onboarding Process for IDO Clients of Ocean AI

Welcome to Ocean AI's detailed, step-by-step guide to onboarding for an IDO. Please carefully review this document before reaching out with any questions in the dedicated group.

Step 1: Due Diligence Process

1. Initial Questionnaire: To get started, you need to complete our standard questionnaire. You can find it on the "Apply to Launch" page. Please ensure you provide detailed and accurate responses.

2. Review and Evaluation: Our team reviews all applications weekly and contacts companies that pass the preliminary screening based on the information provided in the questionnaire.

3. Evaluation Call: The next step involves a call with the founders of your project. You will speak with one of our lead analysts to assess your team's motivation for the long term and its commitment to users. We value teams that are open to feedback and constructive criticism.

4. Token Metrics and Policy Review: After the call, we review your token metrics, inflation models, and fiscal policies. In many cases, we may suggest changes to create a more sustainable and successful project, drawing from extensive data and expertise gained from hosting numerous token sales.

5. Acceleration Program: If your project appears promising but lacks essential fundamentals for public trading, we may recommend joining our acceleration program, which typically lasts between one and three months. During this period, we help elevate your project to the necessary standards.

Step 2: Contracts & Legals

Once your project is approved by Ocean AI for a token sale and marketing push, we proceed to the contract stage. At Ocean AI, we provide strong branding and a stamp of approval to all hosted companies. We maintain an impressive track record with over 95% of our token sales trading above the listing price, instilling confidence in users. To preserve our brand reputation and maintain user trust, we require specific documents:

• Legal Opinion Letter: A statement from a UK, US, or Singapore-based law firm stating that your coin is not considered a security. We can connect you with suitable law firms if needed. This requirement is also expected by most exchanges.

• KYC & AML Compliance: Onboarding of the majority shareholders (>25%) of the company, as described in the legal opinion letter. This is also a standard requirement from exchanges.

• Corporate Documentation: We require a certificate of incorporation, articles of association, share and director's registers for the coin-holding companies. These documents should be issued no more than three months before submission.

Step 3: Marketing, Cap Table & Key-Opinion-Leaders (KOLs)

• Initiating the Research Page: The Research Page on Ocean AI's Launchpad is a critical document for investors. It provides comprehensive information about your project, including token metrics, utility, go-to-market strategy, and more.

• Infographics: We create infographics for the Ocean AI Launchpad to visually represent key project details.

• Cap Table Optimization: Ocean AI often suggests changes to the cap table, backed by data from successful token sales. We aim to allocate resources to value-adding investors and marketers (KOLs) while reducing allocations to unproductive stakeholders.

Step 4: Liquidity Planning, Public Sale, and Exchange Listings

• Ocean AI offers treasury management and trading consulting services for an additional fee. These services include marketing consulting, liquidity mining consulting, management of price openings on exchanges, and exchange introductions.

• Vesting Contracts: Before listing on exchanges, all tokens must be placed into vesting contracts. These smart contracts automatically distribute tokens according to a defined vesting schedule, ensuring transparency and mitigating concerns of token dumping.

• Secondary Market Support: If required, we offer assistance with secondary market consulting, exchange introduction, and management.

Ocean AI ensures a smooth and comprehensive onboarding process, supporting your project's journey from the initial questionnaire to successful exchange listings. We look forward to working with you to achieve your project's full potential in the Web3 ecosystem.