Tokyo, Japan, July 5, 2024, Chainwire
$DOP, the Data Ownership Protocol (DOP) token, will be available for trading on 7 major cryptocurrency exchanges such as Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT, starting July 5, 2024.
The data ownership protocol clarified that on Bybit, the token will be listed as $DOP1 to avoid confusion with the existing fiat coin. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token will be listed as $DOP.
DOP launched its mainnet six weeks ago after a very successful test phase that saw 2.67 million users. Over the past six months, the DOP ecosystem has grown significantly. More than one million DOP wallets opened, and assets worth more than $10 million encrypted using the protocol, which shows the growing demand for user-centric data ownership solutions.
“$DOP is a token of the Data Ownership Protocol, a project that aims to balance transparency and privacy in the blockchaingiving users control over their data. The launch of our utility token marks a significant milestone and reinforces our vision for the future of data ownership. We are grateful to our supporters and community who have believed in our mission from day one,” said Kohji Hirokado, co-founder of DOP and former member of .
Currently, the $DOP token serves two primary functions in the ecosystem: facilitating fee payments and granting community rewards. Using the protocol’s data ownership features involves fees payable in DOP tokens, which creates native demand for the token.
This system encourages the retention of DOP tokens while implementing a deflationary mechanism through fee burning. It also rewards network supporters through staking distribution. To date, 210,000,000 DOP tokens have been allocated for staking rewards, and over 1.1 billion DOP tokens have already been staked.
The announcement of the listing takes place immediately after Bybit’s position as the world’s second largest cryptocurrency exchange by trading volumesurpassing Coinbase (NASDAQ:) and second only to Binance. Bybit’s growth has been extraordinary, with its market share doubling from 8% to 16% since October 2023.
In order to submit plans for the second half of 2024, DOP a fresh road map has been released Following Q1 success, the plan introduces a $5 million developer grant program, expands protocol capabilities, and plans application on EVM compliant chains out reducing gas costs and reaching more users.
What’s more, a fresh SDK for developers will enable developers to easily integrate and create decentralized applications in the DOP ecosystemOther goals aim to make NFT management more secure for users by extending functionality beyond ERC-20 tokens to include NFT encryption and decryption.
ABOUT Data Ownership Protocol (DOP)
Data ownership protocol allows users to own their data. In cryptocurrency, the financial data such as ownership, balances and transaction history is publicly available on the blockchainThe mission of DOP technology is let users decide what and with whom to share.
The goal of DOP is to give individuals and businesses more control over their data through selective transparency, the employ of zero-knowledge cryptography, and other advanced technologies.
For more information, users can visit the official Data Ownership Protocol website: | Twitter | Linkedin
Data Ownership Protocol is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an investment offer.
contactMarketingDOPmarketing@dop.org
