Learned by 75 usersPublished on 2024.04.01 Last updated on 2024.10.15
Tokens
BDP (Big Data Protocol) is a type of token, with the following main features and functions:
Data Sharing and Utilization: The Big Data Protocol aims to provide a decentralized platform for data sharing and utilization between data providers and data consumers. It utilizes blockchain technology to ensure the security and transparency of data.
Data Tokenization: BDP tokenizes data, allowing it to be traded and shared on the platform. This provides a new revenue source for data providers and offers data consumers a way to access high-quality data.
Decentralized Data Marketplace: The Big Data Protocol creates a decentralized data marketplace that allows data providers and data consumers to trade directly without relying on traditional intermediaries.
Data Privacy and Security: The platform employs encryption technology to protect data privacy and security, ensuring that data is not leaked or misused during the sharing and trading process.
In summary, the Big Data Protocol is a token designed to promote data sharing and utilization by tokenizing data and creating a decentralized data marketplace.
According to the provided search results, there is no clear indication of who founded the Big Data Protocol (BDP). These results mainly describe BDP's functions, features, and market data, but do not provide information about its founders. Therefore, it is not possible to determine the founder of BDP from these search results.
Based on the provided information, here are some venture capital firms that have invested in tokens and blockchain-related projects:
BDP (Big Data Protocol) is a token and decentralized finance (DeFi) protocol designed to power the Web 3.0 data market. Here is an overview of how it works:
Data Tokenization: The Big Data Protocol tokenizes commercially valuable data, providing liquidity on decentralized exchanges such as Uniswap.
Data Providers: The protocol collaborates with 14,141 professional data providers to offer various datasets, including stock rating data, on-chain trading metrics, and more.
Data Token: The first data token is bALPHA, with a total supply of 18,000 tokens, distributed through liquidity farming and mining. Users can earn data tokens by providing liquidity to data tokens (bALPHA) and BDP on Uniswap.
Data Vaults: Users store data tokens in data vaults, which can be exchanged for datasets in a data room.
BDP Tokens: BDP is the governance token of the protocol, with a total supply of 80 million tokens. Of this, 65% is allocated for staking/liquidity farming rewards, 30% for initial supply, and 25% for ecosystem reserves and other uses.
Liquidity Farming; Mining: Users earn tokens by providing liquidity, and those needing data use data tokens to gain access to data.
In conclusion, the Big Data Protocol facilitates a decentralized data marketplace by tokenizing data and utilizing DeFi liquidity farming and mining mechanisms, promoting liquidity and accessibility of data.