Tokyo, Japan, July fifth, 2024, Chainwire
$DOP, the token of the Data Ownership Protocol (DOP) shall be accessible for buying and selling in 7 main cryptocurrency exchanges corresponding to Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT, beginning July fifth, 2024.
The Information Possession Protocol clarified that on Bybit, the token shall be listed as $DOP1 to keep away from confusion with an current fiat coin. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token shall be listed as $DOP.
DOP launched its mainnet six weeks in the past, following a extremely profitable testnet section that noticed participation from 2.67 million customers. Within the final six months, the DOP ecosystem has grown considerably. Over 1 million DOP wallets have been opened, and belongings value greater than 10 million USD have been encrypted utilizing the protocol, showcasing the growing demand for user-centric information possession options.
“$DOP is the token of Information Possession Protocol, a mission that seeks to stability transparency and privateness on the blockchain, placing customers in command of their information. The itemizing of our utility token marks a major milestone and enhances our imaginative and prescient for the way forward for information possession. We’re grateful to our supporters and group who’ve believed in our mission from day one”, mentioned Kohji Hirokado, co-founder of DOP and ex-core member at Cardano.
At the moment, the $DOP token serves two major features throughout the ecosystem: facilitating charge funds and granting group rewards. The utilization of the protocol’s information possession options incurs charges payable in DOP tokens, making a native demand for the token.
This method incentivizes DOP token retention whereas implementing a deflationary mechanism via charge burning. It additionally rewards community supporters through staking distributions. Up to now, 210,000,000 DOP tokens have been allotted for staking rewards, with over 1.1 billion DOP tokens already staked.
The itemizing announcement comes on the heels of Bybit’s positioning because the world’s second-largest cryptocurrency trade by buying and selling quantity, surpassing Coinbase and trailing solely Binance. Bybit’s ascent has been outstanding, with its market share doubling from 8% to 16% since October 2023.
To speak the plans for the second half of 2024, DOP launched a brand 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 past Ethereum, lowering fuel charges and reaching extra customers.
Furthermore, the brand new developer SDK will allow builders to simply combine and construct dApps throughout the DOP ecosystem. Different goals intention to reinforce person safety for managing NFTs by increasing performance past ERC-20 tokens to incorporate encryption and decryption of NFTs.
About Information Possession Protocol (DOP)
The Information Possession Protocol allows customers to personal their information. In crypto, monetary information corresponding to holdings, balances, and transaction historical past is publicly accessible on the blockchain. The mission of DOP know-how is to let customers determine what to share and with whom.
DOP goals to empower people and companies with extra management over their information via selective transparency, using zero-knowledge cryptography and different superior applied sciences.
For extra data, customers can go to Information Possession Protocol’s: Official Website | Twitter | Linkedin
Information Possession Protocol is the supply of this content material. This Press Launch is for informational functions solely. The knowledge doesn’t represent funding recommendation or a proposal to speculate.
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