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WHAT IS DECENTRALIZED DATA EXCHANGE?
The Wolk Protocol defines how data buyers and suppliers use decentralized virtual currencies (WOLK token) with APIs (Wolk API) to transact using decentralized backend storage.
Suppliers Upload Data, Earn WOLK
Data is stored on decentralized data storage, suppliers are compensated in WOLK tokens when data is onboarded and accessed via API
Buyers Spend WOLK to Get Data
Data Buyers use Wolk APIs to get quality data, transfering WOLK to Data Suppliers
WOLK is Liquid
Anyone can exchange between ETH and WOLK by interacting with the WOLK Smart Contract.
WOLK Price Driven Up by Data API Usage
Because every API response removes a tiny percentage of WOLK, WOLK pricing is driven up with regular API usage