What is Big Data Protocol (BDP)? Complete set of electronic turning BDP

Why can’t you guys use Facebook and Google for free, so what will they get from us? What they need is the data and user information of the users themselves.

So what if Big Data Protocol can help you monetize data and turn it into a commercialable asset? Please read through this article to learn about Big Data Protocol.

What is Big Data Protocol (BDP)?

Big Data Protocol is a DeFi protocol that allows the commercialization of valuable data sources on the blockchain platform. And the platform on which Big Data Protocol works is none other than Ocean Protocol – one of the biggest potential blockchain projects operating in the current data segment.

Highlights of Big Data Protocol (BDP)

Currently, the ecosystem of Big Data Protocol is very large, data is provided by Amass Insights – The largest alternative data marketplace in the industry, founded in 2015 by the co-founder of Big Data Protocol – Jordan Hauer.

Amass Insights connects 14,141 professional data providers with more than 10,000 customers who need big data. Big Data Protocol has successfully built a data market, next BDP will have a plan to deploy on Web 3.0 platform.

Big Data Protocol focuses on two data items:

• Data geared towards investors, includes crypto investors as well as traditional hedge funds and other investment managers.
• Data related to blockchain projects and data providerssuch as real-time price feeds of cryptocurrencies and traditional assets.

Big Data Protocol (BDP) Token Information

Currently, in the platform of Big Data Protocol, there are two types of tokens: BDP and bALPHA. In which BDP will be the main token representing Big Data Protocol and bALPHA is a token in the Big Data Protocol ecosystem to perform tasks on the DeFi platform.

Key Metrics BDP

• Token Name: Big Data Protocol.
• Ticker: BDP.
• Blockchain: Ethereum.
• Token Standard: ERC-20.
• Contract: 0xf3dcbc6d72a4e1892f7917b7c43b74131df8480e
• Token Type: Utility and Governance.
• Total Supply: 80,000,000 BDP.
• Initial circulating supply: 24,000,000 BDP (for the first 2 months).

Token Allocation

For BDP tokens (total supply: 80,000,000 BDP)

• 52,000,000 BDP (65%): Bonus for staking and liquidity mining.
• Of which, the first 24 million BDP will be distributed via seed pools and the remaining 28 million BDP will be reserved as rewards for future staking and liquidity mining. These tokens will be locked for at least 2 months.
• 20,000,000 BDP (25%): This is the reserve to build and develop Big Data Protocol in the future.
• These tokens will also be locked for 9 months and will be unlocked gradually to help the project have a long-term development momentum.
• 8,000,000 BDP (10%): For Big Data Protocol team and advisors.
• Tokens for the team will be locked for 9 months from the start of 1 week.

For bALPHA token (total supply: 18000 bALPHA)

100% of the total supply of bALPHA tokens will be used as rewards for liquidity providers. In which, there will be 2 liquidity pools BDP/ETH and bALPHA/ETH.

• 12,000 bALPHA (⅔ total supply): for BDP/ETH pool.
• 6,000 bALPHA (⅓ total supply): for bALPHA/ETH pool.

Token Sale

Big Data Protocol announced that it will not sell BDP tokens of any kind. You can only buy BDP through Uniswap.

Token Release Schedule

For BDP token

100% of the total supply of BDP will be distributed through seed pools within 6 days. From that 6 day period until at least 2 months later, no more BDP tokens will be distributed. Big Data Protocol also announced that there will be no token sales of any kind.

For bALPHA token

100% of the total supply of bALPHA will be distributed through liquidity mining within 3 months.

Token Use Case

BDP and bALPHA will be used by the user to be able to access the data needed by the data provider. By holding BDP, users can enjoy features and benefits such as access to exclusive datasets and even airdrop tokens from the Big Data Protcocol system.

How to earn and own BDP token and bALPHA token

Currently you can buy BDP tokens via Uniswap or you can earn BDP and bALPHA by staking in seed pools.

How to earn BDP Token

• You can choose one or more seed pools (seed pools here are the tokens you want to stake) in the Data Vault. Currently, you can stake 12 types of tokens including: WETH, WBTC, USDT, USDC, LINK, OCEAN, SUSHI, UNI, YFI, SRM, TOMOE and AAVE.
• Start staking by connecting to the Metamask wallet, approving the deposit in Metamask, then depositing it in the Data Vault.
• BDP will be automatically recognized by the system based on your staked ERC20 wallet address. The Big Data Protocol system will distribute 24 million BDP for 12 seed pools within 6 days.

How to earn bALPHA

• You can choose BDP/ETH or bALPHA/ETH liquidity pools in the Data Vault to perform staking tasks.
• Next, you need to have BDP/ETH LP or bALPHA/ETH LP tokens in your wallet. To have LP tokens, you must access Uniswap to be able to add LP tokens based on two pairs of BDP/ETH or bALPHA/ETH.
• You connect Metamask wallet, approve BDP/ETH LP token or bALPHA/ETH LP token in Metamask, then deposit LP token into Data Vault.
• bALPHA will be automatically credited based on your staked ERC20 wallet address.

BDP Token exchange & storage wallet

BDP Token Storage Wallet

BDP and bALPHA are ERC-20 tokens, so you can store it on wallets that support this standard of Ethereum. Typically, Techtipsnreview Wallet: This is a multi-chain wallet product of Techtipsnreview Finance team, allowing to store most of the tokens of today’s popular blockchains such as Bitcoin, Ethereum (ERC-20, ..)…

BDP Token Exchange

You can buy BDP and bALPHA tokens at Uniswap.

Roadmaps & Updates

Important milestones

• Launch of the BDP data marketplace with data providers (April 2021).
• Fully integrate and fork functions from Ocean Protocol into Big Data Protocol.
• Developing Big Data Protocol on Layer 2 of Ethereum.
• Integration with Polkadot and Kusama.
• Compute-to-Data: a mechanism to buy and sell personal data while preserving privacy.
• Data farming: this is a mechanism to incentivize participants to publish quality data content.
• Issue stable coin, integrate borrowing and lending platform on Big Data Protocol platform.
• Solana integration for Data Vault and Data Room.

Goal accomplished in the first week

• Launch Data Room from integrated data providers like Glassnode, Amass Insights, Closing Bell, Wootrade. Become a partner with seed pool projects like Ocean Protocol and TomoChain.
• Successfully launched DeFi platform with tasks such as staking, liquidity mining, liquidity provision based on BDP, bALPHA.

Next goal

• Add additional datasets for bALPHA and other data tokens.
• Link more data providers to the platform.
• Allows staking with BDP token pair and data token.
• More links with many crypto projects.

Project team, investors, partners

Project team

This is the founding team of Big Data Protocol, in which:

• Peter Chan: Founder of Building Block Group, business development director of Huobi Global.
• Jordan Hauer: Co-founder and CEO of Amass Insights, also a data analyst at Hunter Global Investors.
• Mark Donovick: Co-founder of Amass Insights and vice president of business development for Nirvana Solution.

Investors

Currently Big Data Protocol has not announced information about investors, but in my opinion, with a team of experienced data in the field of data, Big Data Protocol will attract many big investors for our project. me.

Partner

Currently, according to Big Data Protocol’s Medium portal, the team is actively collaborating with many projects from different industries. Currently, Big Data Protocol has associated with 4 projects to exploit data from many different industries for Big Data Protocol’s data ecosystem.

• Ocean Protocol – Big Data Protocol has linked with Ocean Protocol to build a marketplace for data on Web3 platform.
• Wootrade – Cryptocurrency exchange.
• Glassnode – The leader in on-chain metrics and data analytics tools for digital asset-related organizations.
• ClosingBell – A stock recommendation platform that provides insights from various analysts.

In addition, to provide a safe protocol for users to use and experience with peace of mind. The Big Data Protocol DeFi suite is also built by the TomoChain and LuaSwap team.

Similar projects

After I researched and researched, in my opinion this is a blockchain project that works in the Oracle token section. That is, Big Data Protocol provides connection of off-chain data, thereby encoding into on-chain data to provide partners.

However, the difference is that Big Data Protocol has taken advantage of and applied the power of DeFi to its platform to attract and take advantage of the greater power of the community through staking or liquidity mining tasks. Liquidity).

You can learn more about Oracle coin projects like Chainlink (LINK) or Band Protocol (BAND) to understand more about the development potential of Oracle coin in blockchain.