News
$DOP Announces Listing on 7 Exchanges Including BYBIT, Kucoin, Gate.io, and Bitfinex
[PRESS RELEASE – Tokyo, Japan, July 5th, 2024]
$DOP, the token of the Data Ownership Protocol (DOP) will be available for trading on 7 major cryptocurrency exchanges such as Loss, CurrencyHT-X, Bitfinex, Door.io, MEXICOAND BiancoBITstarting from July 5, 2024.
The Data Ownership Protocol has clarified that on Bybit, the token will be listed as $DOP1 to avoid confusion with an existing fiat currency. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token will be listed as $DOP.
DOP launched its mainnet six weeks ago, after a highly successful testnet phase that saw the participation of 2.67 million users.. Over the last six months, the DOP ecosystem has grown significantly. Over 1 million DOP wallets have been opened, and goods of value greater than $10 million has been encrypted using the protocol, highlighting the growing demand for user-centric data ownership solutions.
“$DOP is the token of the Data Ownership Protocol, a project that seeks to balance transparency and privacy on the blockchaingiving users control over their data. The listing of our utility token marks a significant 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, co-founder of DOP and former Cardano core member.
Currently, the $DOP token serves two main functions within the ecosystem: facilitating fee payments and providing rewards to the community. Using the protocol’s data ownership features results in fees payable in DOP tokens, creating native demand for the token.
This system incentivizes the conservation of DOP tokens by implementing a deflationary mechanism through fee burning. It also rewards supporters of the network 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 immediately after Bybit’s Position as the World’s Second Largest Cryptocurrency Exchange by Trading Volumesurpassing Coinbase and trailing only Binance. Bybit’s rise has been remarkable, with its market share doubling from 8% to 16% by October 2023.
To communicate plans for the second half of 2024, DOP has released a new roadmap after the success of Q1. The plan introduces a $5 million developer grant program, expands the protocol’s capabilities, and plans distribution on EVM compatible Chains beyond Ethereumreducing fuel prices and reaching more users.
Additionally, the new SDK for developers will enable developers to easily integrate and create dApps within the DOP ecosystemOther goals include improving user security in managing NFTs by expanding functionality beyond ERC-20 tokens to include encryption and decryption of NFTs.
From 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 to 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 encryption and other advanced technologies.
For more information, users can visit the Data Ownership Protocol website: Official site | Chirping | 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.
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