Difference between revisions of "Big Data Protocol (BDP)"

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Latest revision as of 08:39, 31 October 2022

Basics

  • Based in:
  • Started in / Announced on:
  • Mainnet release:

History

Token

Launch

Token Allocation

Utility

Other Details

"The bALPHA token, according to the protocol’s launch post, will be used to access what the project calls “commercially valuable” data."

Stablecoin

Coin Distribution

"The wealth of the 705 staking participants is concentrated at the top with over 56% of the protocol’s TVL attributed to two wallets and over 90% concentrated among the top 50 at the time of writing. Notably, three of the top five wallets in terms of locked value in Big Data Protocol hold less than $1 of BDP, meaning that the wallets’ controller either moved the tokens elsewhere or sold them."

Technology

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].

Implementations

"Data Market (to come) is built using Ocean tech (fork of Ocean Market). Data Vault and Data Room (live now) will integrate w/ Solana."

  • Programming language used:

Transaction Details

How it works

Mining

Staking

Liquidity Mining

Scaling

Interoperability

Other Details

Privacy Method

Compliance

Oracle Method

Their Other Projects

Governance

DAO

Treasury

Upgrades

Roadmap

  • Can be found [Insert link here].

Audits

Bugs/Hacks

"The six days of the Big Data Protocol liquidity mining program are over, and capital is rushing out of this whale sized fishbowl.

However, some stayed at the party just a bit too long, and have been forced to leave without their yield. When the rewards period ended, a bug arised, and users found they could not receive their rewards as they were minting "0" tokens."

Usage

"Just a few days after its release, the BDP contract contained $6.2B, which put it on par with MakerDAO, WBTC, and the GDP of several small countries. Igor Igamberdiev analysed the 4 largest depositors, who were dumping BDP as soon as they claimed it.

Justin Sun deposited $1.6B, Alameda $758M, 3AC $225M and 0x_b1 $136M, making up 41% of the TVL at that time. We’ve never seen such large deposits into any DeFi protocol."

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

  • Full team can be found [here].

Funding

"This token once acquired 10% of all DeFi TVL in a single weekend, with over $6B in total value locked. ~$1B of the TVL belonged to Alameda, who dumped it relentlessly on plebs. From $114M mcap down to just $581K today."

Partners

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