H2O is a data backed stable asset purpose built to become the main unit of account in Web3 data marketplaces. At first H2O will be backed by OCEAN, which will be used as the best available proxy to data markets.
In the upcoming V2, datatoken sets will be used as collateral for H2O, rooting it as a go-to stable asset for the emerging data economy. H2O will be the core unit of account in the Ocean ecosystem through an introduction of stability in data asset exchanges.
As part of our incubation agreement, the New Order treasury will receive 15% of $PSDN distribution, and NEWO stakers will receive a 4% airdrop.