Tokyo, Japan, July 5th, 2024,
Chainwire
$DOP, the token of the Data Ownership Protocol
(DOP) will be available for trading in 7 major cryptocurrency
exchanges such as Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT, starting July
5th, 2024.
The Data Ownership Protocol clarified that on Bybit, the token
will be listed as $DOP1 to avoid confusion with an existing fiat
coin. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token
will be listed as $DOP.
DOP launched its mainnet six weeks ago, following a highly
successful testnet phase that saw participation from 2.67 million
users. In the last six months, the DOP ecosystem
has grown significantly. Over 1 million DOP wallets have
been opened, and assets worth more than 10 million
USD have been encrypted using the protocol, showcasing the
increasing demand for user-centric data ownership solutions.
“$DOP is the token of Data Ownership Protocol,
a project that seeks to balance transparency and privacy on the
blockchain, putting users in control of their data. The
listing of our utility token marks a significant milestone and
enhances our vision for the future of data ownership. We are
thankful to our supporters and community who have believed in our
mission from day one”, said Kohji Hirokado, co-founder of DOP and
ex-core member at Cardano.
Currently, the $DOP token serves two primary functions within
the ecosystem: facilitating fee payments and granting community
rewards. The usage of the protocol's data ownership features incurs
fees payable in DOP tokens, creating a native demand for the
token.
This system incentivizes DOP token retention while implementing
a deflationary mechanism through fee burning. It also rewards
network supporters via 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 on the heels of Bybit's
positioning as the world's second-largest cryptocurrency exchange
by trading volume, surpassing Coinbase and trailing only
Binance. Bybit's ascent has been remarkable, with its market share
doubling from 8% to 16% since October 2023.
To communicate the plans for the second half of 2024, DOP
released a new roadmap following Q1's success. The
plan introduces a $5 million developer grant program, expands
protocol capabilities, and plans deployment on
EVM-compatible chains beyond Ethereum, reducing
gas fees and reaching more users.
Moreover, the new developer SDK will enable developers
to easily integrate and build dApps within the DOP
ecosystem. Other objectives aim to enhance user security
for managing NFTs by expanding functionality beyond ERC-20 tokens
to include encryption and decryption of NFTs.
About Data Ownership Protocol
(DOP)
The Data Ownership Protocol enables users to own their data. In
crypto, financial data such as holdings, balances,
and transaction history is publicly available on the
blockchain. The mission of DOP technology is to
let users decide what to share and with whom.
DOP aims to empower individuals and businesses with more control
over their data through selective transparency, utilizing
zero-knowledge cryptography and other advanced technologies.
For more information, users can visit Data Ownership Protocol's:
Official 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 offer to invest.
Contact
Marketing
DOP
marketing@dop.org