The OCEAN Token Airdrop, Part 2
We have airdropped additional tokens to addresses that have registered before September 17, 2018.
With our token, traders can immediately access lower fees on our current spot market. This discount will expand in function as our trading ecosystem grows and aims to dovetail with our roadmap of exclusive listings, derivatives, and cross-chain swaps. Furthermore, our team is exploring other means of adding further utility to our token, like:
- Referral system rewards
- Special access to particular tokens or new features
- Tradable maker-taker rebate
These ideas are not set in stone yet, and we’re still actively thinking about other ways to improve DEX technology and adoption. If you have additional ideas on how to enhance the OCEAN token, chat with our team on Discord. We welcome your suggestions or feedback.
What is the OCEAN token?
OCEAN token holders receive a fee discount–according to a predefined schedule–on every trade executed on The Ocean’s trading platform. The more tokens that you hold, the greater the discount given.
Our platform will automatically check the OCEAN token balance of your trading Ethereum address, and apply the appropriate discount to your total fees (gas fee + transaction fee).
Do I pay fees in OCEAN token?
No, you don’t spend OCEAN tokens–you just hold them. As long as you have a balance of OCEAN tokens, you will continue to pay lower fees. You can choose to pay fees in either ZRX or the native tokens that you’re trading. For information, read more about our fees.
What is the token’s value?
This depends on how much you trade. There is no price target for the OCEAN token. Its value to you is a function of your trading profile — the more you trade, the more you’ll save, and the more that it’s worth to you.
In no way does the OCEAN token represent a fundraising mechanism. It is simply a utility token that provides holders extra benefits when trading on The Ocean. It is not intended as an investment or for secondary market speculative trading. For more information, you can read our full OCEAN token terms and conditions.
What is the token’s max supply?
There is no max supply. We may announce other airdrops or ways to earn additional OCEAN tokens, with possible extra features, in the future.
I missed the first airdrop. Can I get tokens this time?
Yes, we haven’t forgotten about you. If your account has been approved and you’ve entered your Ethereum address, you’ll be airdropped tokens on September 19th.
I’ve already signed up. How do I receive OCEAN tokens?
If your account is approved, you can log into The Ocean with your email and password. You’ll be redirected to a page to enter your Ethereum address.
I’m not yet approved–what do I do?
If your account is still pending, you will need to retry your identity verification process. Please read our sign-up guide for more details.
What if I didn’t register yet? Am I still eligible?
Yes! We’d like to offer the OCEAN token to as many early adopters as possible. Just follow our quick 3-step process for registering, and you’ll be all set:
- Login to your account: Use the email and password that you signed up with initially.
- Verify your identity: All users’ identities must be submitted and validated to ensure a fair and efficient marketplace. Any incorrect or unverifiable information will automatically set your account status to under review.
- Get approved: If all your information and documents are in place, it should be smooth sailing. You’ll be shortly notified via email with a link to enter your Ethereum address.
If your account is set to pending, it will be manually reviewed within 7 days. If you have any trouble while signing up, send us a support ticket, and we’ll get back to you within 48 hours.
Finally, in the meantime, learn how our first airdrop went!
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