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Ocean token page update.md
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Ocean token page update .md
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12 changes: 6 additions & 6 deletions discover/ocean-token.md
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Expand Up @@ -4,17 +4,17 @@ description:

## The OCEAN Token

Since Ocean’s departure from the ASI Alliance, the $OCEAN token is an ERC20 token solely representing the ideals of decentralized AI and data.
The Ocean Protocol Foundation, as the original issuer of the $OCEAN token, renounced all control over the $OCEAN token contract since mid-2023.

It has no intended utility value nor is it a staking, platform, governance, payment, NFT, DeFi, meme, reward, or security token.
Following this cessation of active management, the Ocean community and ecosystem projects now have full autonomy to use the $OCEAN token in any manner that suits their product and go-to-market strategy, aligning with the ideals of decentralized AI.

Its supply is capped at approximately 270,000,000. With buybacks and burns, the supply of $OCEAN will be decreasing over time.
Ocean ecosystem teams can integrate the $OCEAN token into their products for various purposes, including staking, platform functionality, governance, payment, NFTs, DeFi, memes, rewards, or any other purpose they deem fit.

Acquirors can currently exchange for $OCEAN on Coinbase, Kraken, UpBit, Binance US, Uniswap and SushiSwap.
Until 2024, the Ocean Token ($OCEAN) was the utility token powering the Ocean Protocol ecosystem, used for staking, governance, and purchasing data services, enabling secure, transparent, and decentralized data exchange and monetization.
The Ocean Protocol Foundation will continue to act as a resource for anyone seeking information on the history and provenance of the $OCEAN token, and will support integrations. It will also coordinate the development of Ocean technology and guide ecosystem teams in integrating into the Ocean stack.

The total token supply is fully emitted, circulating, and permanently capped at approximately 268,000,000 $OCEAN. The supply may decrease in the future depending on the actions and usage decisions of the Ocean community and ecosystem projects.

For more info, navigate to this [section](https://oceanprotocol.com/about-us/ocean-token/) of our official website.
Acquirors can currently exchange $OCEAN on Coinbase, Kraken, UpBit, Binance US, Uniswap, and SushiSwap. Here are the list of [exchanges](https://www.coingecko.com/en/coins/ocean-protocol#markets).


_Next: [Networks](networks/README.md)_
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