Tokyo, Japan, July fifth, 2024, Chainwire
$DOP, the token of the Knowledge Possession Protocol (DOP) might be out there for buying and selling in 7 main cryptocurrency exchanges similar to Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT, beginning July fifth, 2024.
The Knowledge Possession Protocol clarified that on Bybit, the token might be listed as $DOP1 to keep away from confusion with an current fiat coin. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token might be listed as $DOP.
DOP launched its mainnet six weeks in the past, following a extremely profitable testnet part that noticed participation from 2.67 million customers. Within the final six months, the DOP ecosystem has grown considerably. Over 1 million DOP wallets have been opened, and belongings value greater than 10 million USD have been encrypted utilizing the protocol, showcasing the rising demand for user-centric knowledge possession options.
“$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 marks a significant milestone and enhances our vision for the future of data ownership. We are thankful to our supporters and community who have believed in our mission from day one”, mentioned Kohji Hirokado, co-founder of DOP and ex-core member at Cardano.
Presently, the $DOP token serves two main features inside the ecosystem: facilitating payment funds and granting neighborhood rewards. The utilization of the protocol’s knowledge possession options incurs charges payable in DOP tokens, making a native demand for the token.
This method incentivizes DOP token retention whereas implementing a deflationary mechanism by payment burning. It additionally rewards community supporters by way of staking distributions. Up to now, 210,000,000 DOP tokens have been allotted for staking rewards, with over 1.1 billion DOP tokens already staked.
The itemizing announcement comes on the heels of Bybit’s positioning because the world’s second-largest cryptocurrency trade by buying and selling quantity, surpassing Coinbase and trailing solely Binance. Bybit’s ascent has been outstanding, with its market share doubling from 8% to 16% since October 2023.
To speak the plans for the second half of 2024, DOP launched a brand new roadmap following Q1’s success. The plan introduces a $5 million developer grant program, expands protocol capabilities, and plans deployment on EVM-compatible chains past Ethereum, lowering gasoline charges and reaching extra customers.
Furthermore, the brand new developer SDK will allow builders to simply combine and construct dApps inside the DOP ecosystem. Different goals goal to boost person safety for managing NFTs by increasing performance past ERC-20 tokens to incorporate encryption and decryption of NFTs.
About Knowledge Possession Protocol (DOP)
The Knowledge Possession Protocol permits customers to personal their knowledge. In crypto, monetary knowledge similar to holdings, balances, and transaction historical past is publicly out there on the blockchain. The mission of DOP know-how is to let customers resolve what to share and with whom.
DOP goals to empower people and companies with extra management over their knowledge by selective transparency, using zero-knowledge cryptography and different superior applied sciences.
For extra data, customers can go to Knowledge Possession Protocol’s: Official Web site | Twitter | Linkedin
Knowledge Possession Protocol is the supply of this content material. This Press Release is for informational functions solely. The data doesn’t represent funding recommendation or a suggestion to speculate.
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