BDPETH
BidiPass / Ethereum
crypto Composite

Big Data Protocol is a platform for sharing commercial data and services. It uses DeFi protocol and Web3 marketplace to source commercial data from professional data providers, tokenize it and make it liquid on Uniswap. Users can earn data by providing liquidity to data tokens. Big Data provides three services - data vault, data room and data marketplace. The focus of Big Data protocol is on providing commercial data through a network of various professional data provides and make the data tokens liquid. Big Data Protocol provides a marketplace for commercial data from reliable sources. The protocol has two important functionalities Data Vault: Users can stake DeFi assets in twelve different seed pools to earn a BDP token, which is the native token of Big Data Protocol. The DeFi assets that can be staked in these seed pools are WBTC, WETH, USDC, USDT, OCEAN, LINK, SUSHI, UNI, YFI, AAVE, SRM and TOMO. The minted BDP , then, can be used for providing liquidity to BDP/ETH pool in the data vault or Uniswap and earn data tokens. Data tokens are kind of secondary tokens that will be used for trading data on the marketplace. Initially, there is only one data token bALPHA with a total supply of 18,000 tokens. Emission of bALPHA will end in three months' time starting from 4th, Mar 2021. In later stages, other data tokens such as bBETA and bGAMMA will also be launched Data Room: Data tokens will be used to buy data from curated sources in the data room. Big Data Protocol provides data from more than 15,0000 trusted curators including more than 250 crypto data providers, providing data organized across multiple dimensions such as category, asset class, industry, and geographic location. Data Marketplace: Big Data will also feature a data marketplace powered by Ocean Protocol. The data marketplace will extent Ocean Market code a fork of Ocean Protocol) and connect Ocean Protocol smart contract. Users will be able to buy, sell and stake take in the data pool to earn rewards. Data Marketplace will have the following features Fully integrated functionality of Ocean Protocol. Data tokens released on BDP Data Market will be published, traded, and consumed on the BDP platform, and trading against the BDP token. Value Creation: Buy, sell and staking of data in a data pool will generate fee which will be distributed among, data provides, Ocean Protocol community and BDP token holders Big Data Protocol and Ocean Protocol Synergy: Curated data will be cross-listed on both BDP and Ocean marketplace. The partnership will also boost sourcing, referral, and onboarding of data providers to both BDP and Ocean. BDP tokens get access to Ocean Protocol features, partnerships and integrations with other projects. This will include third-party data ratings, DeFi projects integrations, data token derivatives platforms, and migration to Layer 2 on Ethereum, as well as cross-chain capabilities.