Tokyo, Japan, July 5, 2024, Chainwire
$DOP, the token of the Data Ownership Protocol (DOP), will be available for trading on seven major cryptocurrency exchanges, including Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT, starting July 5, 2024.
The Data Ownership Protocol clarified that on Bybit, the token will appear as $DOP1 to avoid confusion with an existing fiat currency. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token will appear as $DOP.
DOP launched its mainnet six weeks ago, following a highly successful testnet phase that saw 2.67 million users participate.. Over the past six months, the DOP ecosystem has grown significantly. More than 1 million DOP wallets have been opened, and assets worth more than 10 million dollars have been estimated using the protocol, demonstrating the growing demand for user-centric data ownership solutions.
“$DOP is the token of Data Ownership Protocol, a project that seeks to balance transparency and privacy on the blockchain“enabling users to control their data. The listing of our utility token marks an important milestone and enhances our vision for the future of data ownership. We are grateful to our supporters and community who have believed in our mission since day one,” said Kohji Hirokado, DOP co-founder and former Principal Member.
Currently, the $DOP token serves two primary functions within the ecosystem: facilitating fee payments and providing rewards to the community. Using the protocol’s data ownership features generates fees that are paid in DOP tokens, creating a native demand for the token.
This system incentivizes DOP token holding while implementing a deflationary mechanism through fee burning. It also rewards network supporters through staking distributions. To date, 210,000,000 DOP tokens have been allocated for staking rewards, with over 1.1 billion DOP tokens already staked.
The listing announcement comes shortly after Bybit's positioning as the world's second-largest cryptocurrency exchange by trading volumesurpassing Coinbase (NASDAQ:) and behind only Binance. Bybit’s rise has been remarkable, as its market share has doubled from 8% to 16% since October 2023.
To communicate plans for the second half of 2024, DOP published a new roadmap Following the success of the first quarter, the plan introduces a $5 million developer grant program, expands the protocol's capabilities, and plans deployment EVM compatible chains beyond reducing gas rates and reaching more users.
Also, the new SDK for developers It will allow developers to easily integrate and create dApps within the DOP ecosystemOther goals aim to improve user security for NFT management by expanding functionality beyond ERC-20 tokens to include NFT encryption and decryption.
About Data Ownership Protocol (DOP)
The Data Ownership Protocol allows users to own their data. In cryptography, Financial data such as holdings, balances and transaction history is publicly available on the blockchainThe mission of DOP technology is Allow users to decide what to share and with whom.
DOP aims to give individuals and businesses greater control over their data through selective transparency, using zero-knowledge cryptography and other advanced technologies.
For more information, users can visit the official website of the Data Ownership Protocol | Twitter | Linkedin
The 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 offer to invest.
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