[Data Whale] Build ALGA, an Ocean Market DeFi Mobile Application

ALGA - a Mobile Data Token DeFi Application integrated to Ocean Market

:arrow_down: Download the ALGA Test-Versions :arrow_down:

:robot: ALGA for Android

Proposal Application Details

:heavy_dollar_sign: Ethereum Address

:bird: Twitter Account

:speech_balloon: Telegram

:computer: Data Whale’s Website

:writing_hand: Data Whale’s Blog

:tv: Web3 Data Economy YouTube Channel

:email: info@datawhale.online

:united_arab_emirates: Country of Residence - United Arab Emirates

:blue_heart: Our Round 11 Pledge: 18’500 US$

:paperclip: Primary Category

  • Build a Data Token mobile application integrated with Ocean Protocol Market.

Proposal Summary

:squid: Data Whale builds infrastructure surrounding Data Tokens and the Web3 data economy. This includes ALGA, a Data Token mobile application that integrates with the Ocean Protocol Marketplace. Furthermore, Data Whale initiates generic outreach tactics that aim to support the adoption of Data Tokens and Ocean Protocol technology in general.

Round 11 Deliverables

[ ] Major Milestone! To integrate WalletConnect (Ethereum) to the current ALGA UI/UIX
[ ] To finalize the sign-up / profile creation for ALGA with added features, such as “Password Reset”, optimize the Data Flow (Redux) and Validations.
[ ] To continue generic outreach initiatives on Twitter, YouTube and our Blog.

Retroactive Funding

Financed through our reserves [9’829 US$], we continued developing core functionality of ALGA and achieved the following milestones in October. We incurred a total cost of 11’980 US$ for the below.

[X] Developed a detailed Data Token Analysis Screen, with additional sub-categories covering various elements, such as Data Token descriptions and Rug Pull Index Analysis.

[X] Stabilized the App’s backend, fetching pool pricing from Ocean Protocol’s subgraph.

ALGA Objectives

ALGA is not a mock-up product and all of the above impressions have been coded in a private repository. You may download the test-links above.

Upon completion, by end of Q4/21, ALGA intends to generate the following value for the Ocean Market.

  1. Provide a simple user interface to add/remove liquidity from Data Token liquidity pools launched on Ocean Mainnet.
  2. Provide a Data Token first wallet, where users can track the value of their Data Token and DT Liquidity Pool Portfolio.
  3. Provide a Data Token swap interface, where $OCEAN can be used to swap DT.
  4. Generate positive network value through fees, as well as onboarding data curators.

Provided that Ocean Market traction increases by the time the app is completed, we assume that we will generate an incremental transaction volume of 500’000 $OCEAN through ALGA within a 1-year timeframe.

Other Activities

[X] Continued generic outreach initiatives through Press Releases, Social Media, Community Meetings and other activities.

[X] Continued developing our TREPEL-36 Directory dataset, which hit a new all-time high in 2021.

Outreach Numbers



Our Team

ALGA Development Lead
Name: Omar Saadoun


  • 1 Project Manager
  • 1 React Native Frontend Developer
  • 1 Web3 Backend Developer
  • 1 Graphic / UI Expert



Data Whale
Name: Moritz

Updated ROI Calculation & Finances

Our project is net positive vs. amount of grants received. Read below to find out more!

Actualized BANG in $OCEAN (Success = 100%, as of 16.10.21):

  1. TVL in Data Whale Liquidity Pools (excl. Publisher): ~23’500 $OCEAN
  2. Swap Fees Generated: ~60’000 $OCEAN
  3. Data Consume Volume: ~24’780 $OCEAN

Estimated BANG Metrics in $OCEAN (Estimation = 50%):

  1. Ocean Outreach:
    a. Twitter Lifetime-Impressions (~800’000) * Avg. Engagement (3.8%) = 30’400
    b. YouTube Lifetime-Impressions (~153’000) * Avg. Engagement (7.9%) = 12’807
    c. [[Total Impressions * Estimated Ocean Market Engagement (5%)] * Estimated Network Value ($OCEAN 150)] - Actualized Network Value = 2160 * 150 = 324’052 $OCEAN - 108’100 $OCEAN = 215’952 $OCEAN

  2. 1-Year Data Whale Telegram IDO (TVL+Swap Fees+Consume): 30’000 $OCEAN

  3. 1-Year Future Network Effect (ALGA + Web-App): 500’000 $OCEAN

Concluding Formula:
108’100 $OCEAN BANG [ACTUAL] * 100% + 745’952 BANG [ESTIMATED] * 50% / (13’000+10’000+10’000+15’000+32’000+22’764+~30’000) = 3.62 :bangbang:

Detailed Data Whale Financial Statement


Read our “Reflections on the Round 10 of OceanDAO”. We have re-adjusted our focus and steered the project “back to basics”, in order to finalize the development of ALGA, our Data Token mobile application that is integrated to the Ocean Protocol Marketplace.

Our future roadmap includes the following initiatives.

  • Continue expanding ALGA functionalities to other data markets and networks.
  • Build a Web3 website that mirrors ALGAs functionalities.
  • Have a greater focus on Ocean Market PR, Outreach and Marketing. We will present our plans along with Ocean Market v4, but it includes community driven initiatives like the Ocean Market Impression Mining Program.
  • Continue launching Data Tokens that represent useful datasets, in order to encourage more data token consume volume on the Ocean Market.
  • Work on PoCs with Ocean community members and potential industry partners to encourage adoption of Ocean Market.


We remain at your disposal for any questions. Contact us on one of our many channels. Please review our proposal and comment below should you have any concerns.

Data Whale


Following our stewardship call, we have made the following adjustments to the proposal to strive towards success in Round 11.

  1. Excluded the “development reserve”, which intended to guarantee continuity of ALGA development in the future. Our grant requested now only reflects incurred costing.

  2. Added ALGA objectives for the Ocean Market to the proposal.


Great to see your continued growth. You have our support. Good luck this round

mPowered Team


Thanks for your awesome work for the community. Don’t stop.

[Deliverables Checklist]

[X] Integrated WalletConnect. We also added the Liquidity Function and Pool Shares Wallet (not proposed in this Round). We improved Data Flow and Validations. We integrated Daily Pricing and US$ pricing with the help of RPI.

Video: https://twitter.com/realdatawhale/status/1463828841684688897?s=20
iOS: https://testflight.apple.com/join/i55xaclP
Android: https://drive.google.com/drive/u/0/folders/1MJHduioTZDkwicZUhkm3eRLoxgeoUN9c

[X] Finalized Profile Sign-Up, Forgot Password Pages with a test-account. Verification for new users on the test-version of the app will be added in the next Round.

[X] We continued our Outreach initiatives on Twitter, YouTube and Blog.


We are looking to mark this Proposal as completed, in order to be able to potentially apply for funding in future OceanDAO rounds.

Please comment with any feedback below and we trust that this submission maintains our good reputation within the OceanDAO community.