Tokyo, Japan, July 5th, 2024, Chainwire.
The Data Ownership Protocol (DOP) is proud to announce that $DOP, its token, will now be accessible 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 an existing fiat coin, $DOP will be listed as $DOP1 on Bybit while on KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, it will be listed as $DOP.
DOP recently launched its main net following a successful test net phase that attracted 2.67 million participants. With the growth of the DOP ecosystem over the past six months, over 1 million DOP wallets have been created, and assets worth more than 10 million USD have been encrypted using the protocol. This demonstrates the increasing demand for data ownership solutions that prioritize user control.
Co-founder of DOP and former core member at Cardano, Kohji Hirokado, highlighted that "$DOP serves as the token of the Data Ownership Protocol, a project focused on empowering users with control over their data while balancing transparency and privacy in the blockchain. Our token's listing marks a significant step towards realizing our vision for data ownership. We are grateful to our supporters and community for their unwavering belief in our mission."
The $DOP token plays a vital role within the ecosystem by facilitating fee payments and providing community rewards. Users will need DOP tokens to access the protocol's data ownership features, leading to a natural demand for the token. Additionally, a deflationary mechanism is in place through fee burning while network supporters are rewarded with staking distributions. To date, over 1.1 billion DOP tokens have been staked, out of a total allocation of 210,000,000 DOP tokens for staking rewards.
Following its notable market position as the world's second-largest cryptocurrency exchange in trading volume, surpassing Coinbase and positioned just behind Binance, Bybit's recent announcement marks yet another milestone for DOP. With its market share doubling from 8% to 16% since October 2023, Bybit continues its impressive growth trajectory.
Looking ahead, DOP has revealed a new roadmap for the latter half of 2024, including a $5 million developer grant program, expansion of protocol capabilities, and deployment on EVM-compatible chains beyond Ethereum. This move aims to reduce gas fees and broaden the protocol's user base. The introduction of a new developer SDK will simplify the integration and creation of decentralized applications within the DOP ecosystem, while plans are also underway to enhance user security in managing NFTs by extending functionality beyond ERC-20 tokens to include NFT encryption and decryption.
The Data Ownership Protocol (DOP) empowers users by enabling them to take ownership of their data and decide on sharing preferences. Through advanced technologies like zero-knowledge cryptography, DOP aims to grant individuals and businesses more control over their data. Users seeking more information can visit Data Ownership Protocol’s official website, Twitter, and Linkedin.
For press inquiries or further information, please contact DOP's marketing team at [email protected]. Please note that this press release is for informational purposes only and does not constitute investment advice or an offer to invest. Readers are advised to conduct their own due diligence before engaging with the mentioned company or its services. Bitcoin.com bears no responsibility for any damages or losses incurred through the use of information mentioned in this press release.