What is the OCEAN token?

OCEAN token holders receive a fee discount on every trade they make on The Ocean trading platform, according to a predefined schedule. The more tokens you hold, the greater the discount that you’ll receive. Our platform will automatically check your OCEAN token balance of your trading Ethereum address, and apply the appropriate discount to your total fees (gas fee + transaction fee). Here’s how discounts are applied:

OCEAN tokens will provide a fee discount for the first year that we’re live.

We’ll release the tokens into the wild upon our launch for live trading.

When you preregister for our platform, we will ask you for an Ethereum address to send the tokens to. Once we’re live, we’ll airdrop tokens over to that address.

Since The Ocean never holds your tokens or private keys, users must maintain their own private keys via an external hardware or software wallet.

Your Ethereum address is the public hash that identifies your ‘funds’ on the Ethereum blockchain. You ‘unlock’ your funds via your private key stored by your wallet device.

Here are a few common ways to get an Ethereum address:

And a quick note: The Ocean does not specifically recommend any particular wallet, nor is The Ocean responsible for any errors you make when copying or storing your Ethereum address and/or wallet.

This depends on how many people preregister before launch. Each pre-registrant will get 1000 tokens on launch day.

No, OCEAN tokens will be distributed to registrants at launch. OCEAN tokens are in no way a financing mechanism.

That all depends on how much you trade! There is no price target for the OCEAN token. Its value to you is a function of your trading profile — the more you trade, the more you’ll save, and the more that it’s worth to you.

Yes, you’ll be able to trade them on our platform once we’re live.

No, it does not.

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