Big Data Protocol is the most current venture from the Amass Insights Team. It is a Defi-as-a-Service stage that permits BDP tokens to add Defi highlights to their venture. It comprises three sections: the utility token, a vault web application, and a foundation/administration casting a ballot web application.
The Protocol, by tokenizing data and creating a new data marketplace, is designed to make two key improvements on how the global data economy currently operates. However, data is only as valuable as the insights that can be drawn from it. For data to be commercially valuable, it must be carefully sourced from professional data providers, vetted, cleaned, processed, and analyzed.
About Big Data Protocol
Big data is a highly valuable but illiquid asset. Big Data Protocol is a DeFi protocol powering a Web 3.0 data marketplace. The Protocol tokenizes commercially valuable data through a network of 14,141 professional data providers and makes the data token liquid on Uniswap. Users earn data by providing liquidity to data tokens.
Big Data Protocol is a DeFi protocol and data marketplace to source commercially valuable data from professional data providers, tokenize it, and make it liquid.
The Protocol has a vast existing ecosystem of professional data providers by leveraging Amass Insights, the industry’s largest alternative data marketplace, founded in 2015 by our co-founder, Jordan Hauer. Amass Insights connects 14,141 professional data providers with over 10,000 consumers of data, who are primarily asset managers.
What is Big Data Protocol [BDP]?
Big Data Protocol mints data tokens that grant access to curated datasets. Using the simple DeFi mechanism of liquidity mining / yield farming, the Protocol makes the data tokens liquid on Uniswap.
The data tokenized by the Big Data Protocol is commercially valuable because it is the same data that hedge funds, family offices, and other institutional investors pay to gain market insights and guide their investment decisions.
Once a user has accumulated one data token, he or she can go to our Data Room and burn the data token to gain access to the data basket containing the underlying datasets.
The outstanding features of the technology are decentralization and transparency. It offers high-level security (end-to-end encryption) and safety to the users. Thus, BDP will use this significant level of information and in contrast to actual monetary forms, advanced tokens are more gotten and more straightforward to move without the mind-boggling plans of banking areas.
Who Is the Founder of Big Data Protocol [BDP]?
Peter Chen is the Founder of Big Data Protocol that has been working with several blockchain technologies where they end up creating the NFT pool for the curious seekers who want to indulge with crypto trading and succeed in making great lucrativeness.
Expert Programmers have at last executed the best undertaking ever by exploring different avenues regarding different blockchain innovations and stage advancement throughout recent years.
What Makes Big Data Protocol Unique?
The Protocol unleashes the unparalleled liquidity of decentralized exchanges like Uniswap for our data marketplace. In this way, users of the Protocol do not have to be data consumers — they can participate and benefit from the Protocol by being liquidity providers.
Where Can You Buy Big Data Protocol [BDP]?
Big Data Protocol develops a secure protocol with blockchain trust and security, providing industrial-grade identity, a trusted data source, and secure machine-to-machine transactions.
If you are looking to buy or sell Big Data Protocol, Uniswap is currently the most active exchange.
Frequently Asked Questions
What is Staking?
Staking is depositing your tokens into a smart contract and parting them there in exchange for rewards.
Do my tokens still receive rewards/reflections/redistributions while staked?
Yes, different vaults may calculate these rewards in different ways but your rewards are sent to the vault contract and are distributed to your staked balance with each update.
Big Data Protocol Official website – https://bigdataprotocol.com/
Big Data Protocol Twitter – https://twitter.com/bigdataprotocol
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