DOP to be Listed on 7 Exchanges BYBIT Kucoin Gateio and Bitfinex Among Them
Tokyo, Japan, July 5th, 2024, Chainwire
The Data Ownership Protocol (DOP) is set to debut its native token, $DOP, for trading on seven major cryptocurrency exchanges starting July 5th, 2024. These exchanges include Bybit, KuCoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT.
To prevent any confusion with existing fiat coins, Bybit will list the token as $DOP1, while KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT will simply list it as $DOP.
DOP recently launched its mainnet, following a successful testnet phase that engaged 2.67 million users. Over the past six months, the DOP ecosystem has experienced substantial growth. The protocol boasts over 1 million opened DOP wallets and has encrypted assets exceeding $10 million USD, highlighting a growing demand for decentralized data ownership solutions.
Kohji Hirokado, co-founder of DOP and former core member at Cardano, emphasized, “$DOP represents the Data Ownership Protocol’s commitment to empowering users with control over their data on the blockchain. The listing of our utility token marks a pivotal milestone, aligning with our vision for the future of data ownership. We extend our gratitude to our supportive community who have championed our mission from the outset.”
The $DOP token fulfills two primary roles within the ecosystem: facilitating fee payments and rewarding community members. Users engaging with the protocol’s data ownership features incur fees payable in $DOP tokens, thereby generating inherent demand. Additionally, the system implements a deflationary mechanism through fee burning and incentivizes supporters with staking distributions. To date, over 1.1 billion $DOP tokens have been staked, with 210 million allocated for staking rewards.
The listing announcement coincides with Bybit’s ascent as the world’s second-largest cryptocurrency exchange by trading volume, surpassing Coinbase and trailing only Binance. Bybit’s rapid growth has seen its market share double from 8% to 16% since October 2023.
Looking ahead to the second half of 2024, DOP has unveiled an ambitious roadmap following a successful Q1. Plans include a $5 million developer grant program, expanding protocol capabilities, and deploying on EVM-compatible chains beyond Ethereum. These initiatives aim to reduce gas fees and expand user accessibility. Additionally, a new developer SDK will streamline dApp integration and development within the DOP ecosystem. Further goals focus on enhancing user security for managing NFTs, expanding functionality to encompass encryption and decryption beyond ERC-20 tokens.
About Data Ownership Protocol (DOP):
DOP empowers users to take ownership of their data in the realm of cryptocurrency, where financial data like holdings, balances, and transaction history are publicly recorded on the blockchain. DOP utilizes advanced technologies including zero-knowledge cryptography to enable users to selectively share data according to their preferences.
For more information, please visit Data Ownership Protocol’s:
Official Website
Twitter
LinkedIn
This press release by Data Ownership Protocol serves informational purposes only and does not constitute investment advice or an offer to invest.
Contact:
Marketing
DOP
[email protected]