Wolk

About Wolk

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.

1. 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

2. Buyers Spend WOLK to Get Data
   Data Buyers use Wolk APIs to get quality data, transfering WOLK to Data Suppliers

3. WOLK is Liquid
   Anyone can exchange between ETH and WOLK by interacting with the WOLK Smart Contract.

4. 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

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