While the tokenomics landscape has changed since 2018 which is when the project was starting, they had good intentions to protect real users and tried to avoid speculators. Most of the token supply is aimed at rewarding contributors that contribute data, and for AI researchers building models on top of that data. There is a max cap on the token supply, and currently only 30% of the supply is in circulation, but additional tokens may never get distributed, so that part looks good.
They originally had relatively long vesting period, and the team had a 5 year vesting which I like, and since the network was launched Q1 2019, there is another 10 months or so before it is fully vested I believe.
Apparently based on this info they have generated < $5M of revenue, it is not clear if that's per year, or since launch, are revenues increasing or decreasing? https://www.zoominfo.com/c/ocean-protocol/441717685. Either way, that's should be enough to sustain an operational team. On linkedin, 61 employees are listed. 20% of the token supply was allocated to the team, are the 61 employees paid partly through ongoing selling volume of these allocated tokens? 15% of the supply was given to advisors, that's usually not something I like to see, it's a bit high. Revenues are coming from transactions fees, so in theory the project could be sustainable. The revenues are not going directly into the token economy, but there is still indirect value for it. https://docs.oceanprotocol.com/core-concepts/fees
They don't seem to be able to get large clients involved and partnering with, looks like they award tokens to hackhaton type of of competition to drive use cases, so it's not clear they have real strength in business development to attract real operating businesses that will drive adoption for the long run.
I'd say for 2018, the tokenomics was acceptable, nowdays I'd want to see a lot better to get excited. Show Less
7
