H2O OCEAN H2O Price N/A

H2O is the first non-pegged stable asset for the Web3 Data Economy. Initially, it is backed by the OCEAN token but in Q3 it will also be backed by other next-generation data tokens. H2O serves as a medium of exchange and unit of account in data marketplaces. The governing token of the protocol is POSEIDON, which will be used to govern the initial parameters of the protocol, bootstrap ecosystem development, and incentivize the liquidity of the protocol. Similar to other coins that attempt to keep their value constant (usually pegged tokens) the H2O stable asset’s goal is to be stable with respect to its current market price. H20 can be staked, providing stabilization to the protocol. In exchange for this protection, stakers receive more POSEIDON. Users get paid for opening and managing SAFEs.