DOP to be Listed on 7 Exchanges BYBIT Kucoin Gateio and Bitfinex Among Them
On July 5th, 2024, in Tokyo, Japan, Chainwire announced a significant development for cryptocurrency enthusiasts and investors. The digital asset $DOP, representing the innovative Data Ownership Protocol (DOP), is set to debut on seven prominent cryptocurrency trading platforms. These include Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT.
In a strategic move to distinguish its token, DOP has designated the ticker $DOP1 for its listing on Bybit, circumventing potential confusion with a pre-existing fiat currency. Conversely, the token will retain its original ticker $DOP on the remaining exchanges, namely KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT.
The Data Ownership Protocol has witnessed remarkable growth since its mainnet launch six weeks prior, which followed an exceptionally successful testnet phase with over 2.67 million participants. The burgeoning DOP ecosystem is evidenced by the opening of over 1 million DOP wallets and the encryption of assets exceeding the value of 10 million USD, highlighting the surging demand for user-centric data ownership solutions.
Kohji Hirokado, co-founder of DOP and a former core member of Cardano, expressed his enthusiasm: “$DOP epitomizes the essence of the Data Ownership Protocol, a venture that harmonizes transparency with privacy on the blockchain, empowering users to manage their data. The introduction of our utility token is a pivotal event that propels our vision for the future of data ownership. We extend our heartfelt gratitude to our community and supporters who have embraced our mission from the outset.”
The $DOP token fulfills dual roles within the ecosystem: it serves as a medium for fee transactions and as a reward for the community. Engaging with the protocol’s data ownership functionalities incurs fees, which are payable in $DOP tokens, thereby fostering intrinsic demand for the currency. This framework encourages the retention of $DOP tokens and introduces a deflationary aspect through the burning of fees. Additionally, it distributes rewards to network contributors through staking. To date, 210 million DOP tokens have been earmarked for staking rewards, with an impressive 1.1 billion tokens already committed to staking.
This announcement trails Bybit’s recent ascension as the second-largest global cryptocurrency exchange by trading volume, outpacing Coinbase and second only to Binance. Bybit’s rise has been meteoric, with its market share leaping from 8% to 16% since October 2023.
In alignment with its Q1 achievements, DOP has unveiled a new roadmap for the latter half of 2024. The roadmap outlines a $5 million developer grant program, an expansion of protocol functionalities, and plans for deployment on EVM-compatible chains beyond Ethereum. This strategic move aims to lower gas fees and broaden user accessibility. Furthermore, the introduction of a new developer SDK will facilitate the seamless integration and development of decentralized applications (dApps) within the DOP ecosystem. Additional goals include bolstering user security in managing NFTs by extending capabilities beyond ERC-20 tokens to encompass the encryption and decryption of NFTs.
About the Data Ownership Protocol (DOP): The Data Ownership Protocol empowers users with ownership of their data. In the realm of cryptocurrency, financial information such as account balances, holdings, and transaction histories are typically public on the blockchain. DOP’s mission is to provide users with the autonomy to selectively disclose their information. By leveraging zero-knowledge cryptography and other cutting-edge technologies, DOP aspires to grant individuals and enterprises greater control over their data, ensuring selective transparency.
For further details, interested parties can explore the Data Ownership Protocol’s official channels:
– Official Website
– Twitter
– Linkedin
This content is provided by the Data Ownership Protocol for informational purposes only and should not be construed as investment advice or an offer to invest.
For media inquiries, please contact:
Marketing Department
Data Ownership Protocol
[email protected]
