Data Ownership Protocol ($DOP) Token to Start Trading on 7 Major Exchanges Including Bybit, KuCoin, and Gate.io on July 5th, 2024

$DOP, the token of the Data Ownership Protocol (DOP) will be available for trading in 7 major cryptocurrency exchanges such as Bybit, Kucoin, HTX

Major cryptocurrency exchanges will begin trading $DOP, the token of the Data Ownership Protocol (DOP), on July 5th, 2024. The exchanges include Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT.

On Bybit, the token will be listed as $DOP1 to avoid confusion with an existing fiat coin. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token will be listed as $DOP.

DOP's mainnet launched six weeks ago, following a successful testnet phase with 2.67 million users. Over 1 million DOP wallets have been opened in the last six months, and assets worth more than 10 million USD have been encrypted using the protocol.

“$DOP is the token of Data Ownership Protocol, a project that aims to strike a balance between transparency and privacy on the blockchain, putting users in control of their data. The listing of our utility token is a significant step that furthers our vision for the future of data ownership. We are grateful to our supporters and the community that has believed in our mission from day one,” said Kohji Hirokado, co-founder of DOP and ex-core member at Cardano.

Currently, the $DOP token serves two primary functions within the ecosystem: facilitating fee payments and granting community rewards.

The usage of the protocol's data ownership features incurs fees payable in DOP tokens, creating a native demand for the token. This system aims to incentivize DOP token retention by implementing a deflationary mechanism through fee burning. It also allocates rewards to network supporters via staking distributions. To date, 210,000,000 DOP tokens have been allocated for staking rewards, with over 1.1 billion DOP tokens already staked.

The listing announcement follows Bybit's recent positioning as the world's second-largest cryptocurrency exchange by trading volume, surpassing Coinbase and trailing only Binance. Bybit's ascent has been remarkable, with its market share doubling from 8% to 16% since October 2023.

DOP also unveiled a new roadmap for the second half of 2024, outlining plans to launch a $5 million developer grant program, expand protocol capabilities, and deploy on EVM-compatible chains beyond Ethereum to reduce gas fees and reach more users.

A new developer SDK will enable developers to easily integrate and build dApps within the DOP ecosystem. Other objectives aim to enhance user security for managing NFTs by expanding functionality beyond ERC-20 tokens to include encryption and decryption of NFTs.

About Data Ownership Protocol (DOP)

The Data Ownership Protocol enables users to own their data. In crypto, financial data such as holdings, balances, and transaction history is publicly available on the blockchain. The mission of DOP technology is to let users decide what to share and with whom.

DOP aims to empower individuals and businesses with more control over their data through selective transparency, utilizing zero-knowledge cryptography and other advanced technologies.

For more information, users can visit Data Ownership Protocol’s: Official Website | Twitter | Linkedin

Data Ownership Protocol is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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