Tutorial: Testing the BDP Data Market (beta)

This post was originally published on Big Data Protocol

Connect to the Market

  • Select your wallet and connect to the Data Market (having trouble with MetaMask? Help here)
  • Add BDP token to your wallet’s

Trade Tokens

  • Accept the “Trade” terms & conditions
  • Enter BDP to trade for datatokens from the pool
  • Use Max returns the maximum amount that can be traded in a single transaction. It is designed to prevent a single trader from throwing the pool out of balance in one transaction
  • Select ‘Approve & Swap’, then complete in your wallet by confirming gas & the transaction
  • You’ll see a “Successfully swapped tokens” if the transaction goes through. Review the transaction in your wallet if the trade does not.
  • Use the ⬇ button to switch trade direction; repeat the steps above to trade datatokens for BDP
  • Remember that if you have at least 1.0 datatoken in your wallet, you can use it to Use the related dataset

Stake Tokens

  • Begin by reviewing the datatoken’s Pool Statistics
  • Then, Select Add Liquidity
  • Accept the “Pool” terms & conditions
  • Select BDP or the datatoken to add liquidity (you will need to have some amount of datatoken in your wallet — by trading BDP for it, as an example—to stake it)
  • Use Max returns the maximum amount that can be add to the pool in a single transaction. It is designed to prevent a single user from dominating the pool in one transaction
  • Click Approve & Supply, then complete in your wallet by confirming gas & the transaction
  • Hit ⬅Back to review your pool liquidity
  • You will also see a Remove button — click it to remove liquidity
  • Use the slider to set how many pool shares to remove; below, the pool balancer will calculate your expected return
  • Simple will return equivalent value of your pool in BDP whereas Advanced will return the BDP + Datatoken equivalent of your pool share
  • Select Approve & Remove, then complete in your wallet by confirming gas & the transaction
  • You can also Review Your Pool Transaction history

Consume Tokens

  • If you have at least 1.0 datatoken in your wallet, you will be able to Use it to buy access to dataset right away.
  • Your spent token goes directly to the dataset’s publisher. Datasets can allow varying periods of access for a single token expenditure.
  • If you do not have at least 1.0 datatoken in your wallet, you can consume a dataset by spending the BDP equivalent of 1 datatoken.
  • Click Download, then complete in your wallet by confirming gas & the transaction
  • Sign the transaction. Once complete the file will automatically download.
  • You will be able to download the file without paying for again for the period of purchase

Thank you for going through the BDP Data Market tutorial. You are all set to test!


Tutorial: Testing the BDP Data Market (beta) was originally published in Big Data Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

Leave a Comment