The Big Data Protocol uses BDP as its governance token. Big Data Protocol enables a liquid market for economically valuable data.
About Big Data Protocol
Big Data Protocol is a platform for business data and service exchange. It gathers commercial data from professional data suppliers, tokenizes it, and makes it liquid on Uniswap using the DeFi protocol and the Web3 marketplace. Users may earn data by converting data tokens into cash. Big Data offers three services: the data vault, the data chamber, and the data marketplace.
The Big Data protocol’s primary goal is to deliver commercial data through a network of varied professional data providers while also making data tokens liquid.
What is Big Data Protocol [BDP]?
The Protocol’s goal is to address two fundamental issues in the global data financial system: integrity and liquidity. By using Amass Insights, an alternative data marketplace developed by Big Data Protocol co-founder Jordan Hauer, the protocol has an existing network of professional data source suppliers. Amass Insights links thousands of professional data sources to over 10,000 data consumers, the majority of which are asset managers.
Big Data Protocol tokenized data has commercial value since it is utilized by financial institutions, family-owned firms, and institutional investors that buy data for market research and analytics and use it to develop plans.
Who Are the Founders of Big Data Protocol [BDP]?
They are a group of technologists, cryptocurrency investors, and data scientists who are developing a DeFi protocol and ecosystem.
Peter Chen is the Co-Founder of Big Data Protocol. He is also the Founder of Building Block Group. He serves as a Director of Business Development at Huobi Global. He studied at Dartmouth College.
Jordan Hauer is another Co-Founder of Big Data Protocol. He is also the Co-Founder & CEO at Amass Insights. He has also worked as a Data Analyst at Hunter Global Investors and NERA Economic Consulting. He completed his eductation from Cornell University.
What Makes Big Data Protocol Unique?
Big Data Protocol serves as a marketplace for business data from trustworthy sources.
Users can stake DeFi assets in twelve separate seed pools to obtain a BDP token, Big Data Protocol’s native currency. WBTC, WETH, USDC, USDT, OCEAN, LINK, SUSHI, UNI, YFI, AAVE, SRM, and TOMO are the DeFi assets that may be staked in these seed pools. The newly produced BDP may then be utilised to provide liquidity to the BDP/ETH pool in the data vault or Uniswap, earning data tokens. Data tokens are secondary tokens that will be used on the marketplace to trade data. There is just one data token bALPHA at first, with a total quantity of 18,000 tokens.
For our data marketplace, the Protocol unlocks the unprecedented liquidity of decentralised exchanges like Uniswap. Users of the Protocol are not required to be data consumers in this manner. They can contribute to and profit from the Protocol by acting as liquidity providers.
Where Can You Buy Big Data Protocol [BDP]?
If you’re looking for a place to purchase Big Data Protocol, the best cryptocurrency exchanges to use right now are Gate.io, BKEX, LBank, Hoo, and Bibox.
Frequently Asked Questions
Can I Buy Big Data Protocol [BDP] With Cash?
No. There is no direct method to purchase BDP using cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy Big Data Protocol [BDP] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of the Big Data Protocol [BDP] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact BDP price and market cap.
Big Data Protocol Official website – https://bigdataprotocol.com/
Big Data Protocol Twitter – https://twitter.com/bigdataprotocol
Big Data Protocol Medium – https://medium.com/big-data-protocol