DOP Announces Listing on 7 Exchanges Including BYBIT Kucoin Gateio and Bitfinex

Coin Realm reports:
Tokyo, Japan, July 5, 2024, Chainware
Starting from July 5, 2024, the Data Ownership Protocol (DOP) token $DOP will be tradable on seven major cryptocurrency exchanges, including Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT.
The Data Ownership Protocol clarified that on Bybit, the token will be listed as $DOP1 to avoid confusion with existing legal tender. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token will be listed as $DOP.
DOP launched its mainnet six weeks ago, following a highly successful testnet phase with participation from 2.67 million users. Over the past six months, the DOP ecosystem has seen significant growth. Over one million DOP wallets have been opened, and assets worth over 10 million dollars have been encrypted using the protocol, indicating a growing demand for user-centric data ownership solutions.
“$DOP is the token of the Data Ownership Protocol, a project aimed at balancing transparency and privacy on the blockchain, allowing users to control their own data. The listing of our utility token marks an important milestone, enhancing our vision for the future of data ownership. We are grateful to the supporters and community who have believed in our mission from day one,” said Kohji Hirokado, DOP co-founder and former core member of Cardano.
Currently, the $DOP token has two main functions within the ecosystem: facilitating fee payments and granting community rewards. Using the protocol’s data ownership features incurs fees paid in DOP tokens, creating native demand for the token.
The system encourages the retention of DOP tokens while implementing a deflationary mechanism through token burning. It also rewards network supporters through stake allocation. To date, 210,000,000 DOP tokens have been allocated for staking rewards, with over 1.1 billion DOP tokens already staked.
Prior to the announcement of the listing, Bybit was positioned as the world’s second-largest cryptocurrency exchange by volume, surpassing Coinbase and second only to Binance. Bybit’s rise has been remarkable, doubling its market share from 8% to 16% since October 2023.
To convey plans for the second half of 2024, DOP released a new roadmap following a successful first quarter. The plan introduces a 5 million dollar developer funding program, expands protocol functionalities, and plans deployments on EVM-compatible chains outside of Ethereum, reducing gas fees and benefiting more users.
Additionally, a new developer SDK will enable developers to easily integrate and build dApps within the DOP ecosystem. Other objectives aim to enhance user security in managing NFTs by extending functionalities beyond ERC-20 tokens, including encryption and decryption of NFTs.
About the Data Ownership Protocol (DOP)
The Data Ownership Protocol allows users to own their data. In cryptocurrency, financial data such as holdings, balances, and transaction history can be publicly accessed on the blockchain. DOP’s mission is to let users decide what to share and with whom.
DOP aims to empower individuals and businesses with more data control through selective transparency, utilizing zero-knowledge cryptography and other advanced technologies.
For more information, users can visit the Data Ownership Protocol: Official Website | 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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