$DOP is now listed across seven cryptocurrency exchanges, notably BYBIT, Kucoin, Cryptocurrencylistings.com, and Bitfinex.

Tokyo, Japan, July 5th, 2024, Chainwire

$DOP, the token of the Data Ownership Protocol According to (DOP), trading for the token will commence on seven prominent cryptocurrency exchanges, including the aforementioned ones. Bybit , Kucoin , HTX, Bitfinex , Cryptocurrencylistings.com , MEXC , and WhiteBIT , starting July 5th, 2024.

The Data Ownership Protocol has specified that on Bybit, the token will appear as $DOP1 to distinguish it from an existing fiat currency. Conversely, on KuCoin, Cryptocurrencylistings.com, Bitfinex, MEXC, and WhiteBIT, it will simply be listed as $DOP.

DOP successfully launched its mainnet just six weeks ago, following a notably successful testnet phase that engaged an impressive 2.67 million users. Over the last half-year, the DOP ecosystem has experienced remarkable growth, with more than 1 million wallets created and assets valued at over 10 million USD secured through its protocol, highlighting the rising demand for solutions focused on user-centric data ownership.

“The $DOP token represents the Data Ownership Protocol, a groundbreaking initiative aimed at achieving a balance between transparency and privacy on the blockchain, putting users in command of their data. The inclusion of our utility token on these exchanges marks a pivotal moment and reinforces our aspirations for the future of data ownership. We extend our gratitude to our supporters and community who have stood by our vision from the outset,” stated Kohji Hirokado, one of the co-founders of DOP and a former core member at Cardano.

At present, the $DOP token primarily serves two essential purposes within the ecosystem: it facilitates fee payments and rewards community members. The utilization of the data ownership features within the protocol incurs fees that are settled in DOP tokens, thus creating a native demand for the currency.

This framework motivates users to retain their DOP tokens while also implementing a deflationary mechanism through the burning of fees. Furthermore, it rewards loyal network participants with staking distributions. To date, a total of 210 million DOP tokens have been designated for staking rewards, with over 1.1 billion DOP tokens already staked.

This announcement regarding the listings follows Bybit's recent achievement in becoming the world’s second-largest cryptocurrency exchange by trading volume, outpacing Coinbase and only trailing behind Binance. Bybit's growth has been impressive, with its market share doubling from 8% to 16% since October 2023.

In light of the success experienced in Q1, DOP has unveiled a new roadmap detailing their plans for the latter half of 2024. This strategy introduces a $5 million grant program intended for developers, expands the protocol's functionalities, and plans for deployment on EVM-compatible chains beyond Ethereum to minimize gas fees and broaden user access.

Additionally, a new developer SDK will enable developers to effortlessly integrate and build decentralized applications (dApps) within the DOP framework. Other goals include improving user security with NFT management by enhancing functionalities beyond ERC-20 tokens, encompassing encryption and decryption capabilities for NFTs.

About Data Ownership Protocol (DOP)

The Data Ownership Protocol empowers users to have ownership of their data. In the crypto realm, financial data like holdings, transaction histories, and account balances are visible publicly on the blockchain. The goal of DOP technology is to allow users to determine what information they want to share and with whom they want to share it.

DOP aims to give individuals and organizations greater control over their data through selective transparency, leveraging cutting-edge technologies such as zero-knowledge cryptography.

For additional details, users are encouraged to visit the Data Ownership Protocol’s website. Official Website Twitter Linkedin

The Data Ownership Protocol is the source of this information. This press release is meant solely for informational purposes and should not be construed as investment advice or an invitation to invest.

tr

uk
uk