Data Ownership Protocol (DOP) Token ($DOP) to be Traded on Seven Major Cryptocurrency Exchanges Starting July 5th, 2024

The token of the Data Ownership Protocol (DOP), $DOP, is set to be traded on seven major cryptocurrency exchanges, including Bybit, Kucoin, HTX

The Data Ownership Protocol (DOP) has announced that its token ($DOP) will begin trading on seven major cryptocurrency exchanges on July 5th, 2024. These 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, while on KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, it will be listed as $DOP.

DOP recently launched its mainnet following a successful testnet phase that attracted 2.67 million users. During the past six months, the DOP ecosystem has experienced significant growth.

Over 1 million DOP wallets have been created, and assets valued at more than 10 million USD have been encrypted, showcasing the increasing demand for data ownership solutions that prioritize user needs.

“$DOP is the token of Data Ownership Protocol, a project that aims 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 grateful to our supporters and the community who have believed in our mission from day one,” said Kohji Hirokado, co-founder of DOP and ex-core member at Cardano.

The $DOP token serves two primary functions within the ecosystem: enabling fee payments and providing community rewards.

The protocol's data ownership features require fees to be paid in DOP tokens, generating a natural demand for the token.

Furthermore, the protocol encourages users to hold DOP tokens by incorporating a deflationary mechanism that burns these fees. In addition, network supporters are rewarded through staking distributions.

So far, 210,000,000 DOP tokens have been set aside for staking rewards, and an impressive 1.1 billion DOP tokens have already been staked.

Among the exchanges listing $DOP, Bybit's recent listing announcement comes after its rise as one of the top cryptocurrency exchanges globally. OVertaking Coinbase, it is now second only to Binance in terms of trading volume. Bybit's rise in the market has been truly impressive, as its market share has surged from 8% to 16% since October 2023.

In light of the achievements in Q1, DOP has unveiled a fresh roadmap to convey its upcoming plans for the latter part of 2024. The plan includes a $5 million developer grant program, enhances protocol capabilities, and aims to deploy on EVM-compatible chains other than Ethereum. This will help lower gas fees and expand the user base.

Moreover, the latest developer SDK will empower developers to incorporate and construct dApps within the DOP ecosystem seamlessly. Another goal is to improve user security in managing NFTs by expanding the functionality to include encryption and decryption of NFTs, going beyond just ERC-20 tokens.

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