$DOP Announces Listing on 7 Exchanges Including BYBIT, Kucoin, Gate.io, and Bitfinex

Tokyo, Japan, July 5th, 2024

The $DOP token, associated with the Data Ownership Protocol (DOP), will be launched for trading on seven major cryptocurrency exchanges starting today, including Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT.

To prevent confusion with an existing fiat coin, the token will be listed as $DOP1 on Bybit, whereas it will maintain the standard listing of $DOP on the other exchanges.

Having launched its mainnet six weeks ago after a successful testnet phase with 2.67 million participants, the DOP ecosystem has seen considerable growth in recent months. Over 1 million DOP wallets have been created, and the protocol has encrypted assets exceeding $10 million, indicating a growing interest in data ownership solutions focused on user control.

Kohji Hirokado, co-founder of DOP, expressed: “$DOP is the token of Data Ownership Protocol, a project that seeks to balance transparency and privacy on the blockchain, putting users in control of their data. The listing of our utility token is a significant milestone that aligns with our vision for the future of data ownership. We are grateful for the support of our community, which has been invaluable from the beginning.”

Within the ecosystem, the $DOP token serves two main purposes: facilitating fee payments and providing rewards to the community. Transactions utilizing the protocol’s features incur fees payable in DOP tokens, thereby creating a consistent demand for the token. This structure encourages retention of DOP while implementing a deflationary mechanism through fee burning. Additionally, rewards are distributed to network supporters through staking, with 210 million DOP tokens allocated for these rewards and over 1.1 billion tokens currently staked.

The announcement follows Bybit’s emergence as the second-largest cryptocurrency exchange in the world by trading volume, having doubled its market share from 8% to 16% since October 2023, behind only Binance.

To outline future plans for the latter half of 2024, DOP recently revealed its new roadmap following a successful first quarter. This roadmap includes a $5 million developer grant program, enhancement of protocol capabilities, and deployment on EVM-compatible chains to lower gas fees and broaden user access.

Furthermore, a new developer SDK will facilitate the integration and development of dApps within the DOP ecosystem. Other goals include improving user security for managing NFTs by expanding capabilities beyond ERC-20 tokens to encompass the encryption and decryption of NFTs.

About Data Ownership Protocol (DOP)

The Data Ownership Protocol empowers users to take ownership of their data. In the realm of cryptocurrency, financial data such as holdings, balances, and transaction histories are often publicly accessible on the blockchain. DOP seeks to allow users to determine what information to share and with whom, thereby enhancing control over personal and business data through selective transparency, utilizing zero-knowledge cryptography amongst other advanced technologies.

This announcement serves informational purposes only and does not constitute financial advice or an investment offer.

Contact:
Marketing DOP
Email: [email protected]