# OCEAN: 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.

It has no intended utility value nor is it a staking, platform, governance, payment, NFT, DeFi, meme, reward, or security token.

Its supply is capped at approximately 270,000,000. With buybacks and burns, the supply of $OCEAN will be decreasing over time.

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.

For more info, navigate to this [section](https://oceanprotocol.com/about-us/ocean-token/) of our official website.

*Next:* [*Networks*](/discover/networks.md)

*Back:* [*What can you do with Ocean?*](/discover/benefits.md)


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