https://t.co/aT7KwCRpeI

Can’t believe this is actually happening $OCEAN 😮 🫢🫢🫢

New $OCEAN Anthem. @OceanProtocol allows you to take control of your data, exchange & monetize it fairly, access computing power …and more Sound on 🔊! Created by AutoBot

11. Friendly, die-hard community ready to build some utility. Join them on Telegram (Link in Bio)

9. Massive upside considering buy-backs and soon-to-be-announced utility integration for their token (Ocean Nodes) 10. Volume is horrific and no listings, but also 36000 Diamond hands who haven’t swapped $OCEAN for $FET and aren’t selling.

6. Low overhead expense, very few core team members and founders have been financially free since 2012 when they sold previous Web2 startups 7. Founders won’t sell any founders tokens and run off buying a mansion 8. Self sufficient treasury management (through safe yield)

4. Current Marketcap sub 30 Million $, liquid marketcap probably 15 Million $ or less 5. $OCEAN survived 3 bear markets, they’ll survive another one because they learned not to waste money.

1. A project building DeAI infrastructure for 8+ Years essentially reduced their token supply from 1.4 Billion to 267 Million. 2. The current liquid supply is much closer to 150 Million (or below) 3. A solid founding team that’s still pushing commits daily.

Based on below letter issued by @oceandao_oe, this is what you get by holding / acquiring the $OCEAN Token. Quick rundown in below thread 👇

Sharing for transparency - $FET ?

$OCEAN is back!

Ocean Expeditions is pleased to share our first community announcement. Following recent arbitral findings, we are providing clarity on the path forward for the $OCEAN ecosystem and reaffirming our long-term commitment to its decentralized future. Full statement below.

Just fyi, the arbitrator in the $OCEAN - $FET judgment wrote this book.

Full document here:

Fetch SG is apparently insolvent with 3.5 Billion Dollars in liabilities 😱😱😱 They also previously filed insolvency on another UK legal entity to dodge a court case (in the news as well).

Fetch will try to talk themselves out of it, not accepting that this arbitration document, and will try to overturn it in a final ruling. So what’s the point of incurring so much legal costs (on both sides) to study their case? It didn’t rule on their favor…

Judgment. Fetch has to cover 700’000 US$ of Ocean legal costs - or about 3.8 Million $FET Tokens at current price. A variety of other things are listed below.

Binance initially froze OceanDAO funds on request of the ASI Alliance but swiftly released them when they received a redacted copy of this judgment document seeing all the evidence supporting Ocean Protocol.

Fetch and SingularityNET have been selling or planning to sell $FET.

There is no sufficient evidence on the following matters: - Ocean controls the OceanDAO - Ocean has engaged in large scale $FET token sales. - Ocean is not restricted of making such sales. - Ocean Expedition is not part of the arbitration.

Fetch failed to meet contractual obligations and did not fund the token merger bridge $OCEAN -> $FET.