Tokyo, Japan, July 5, 2024, Chainwire
$DOP, the Information Possession Protocol (DOP) token, can be out there for buying and selling on 7 main cryptocurrency exchanges resembling Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC and WhiteBIT beginning July 5, 2024.
The Information Possession Protocol clarified that on Bybit the token can be listed as $DOP1 to keep away from confusion with current fiat cash. On KuCoin, Gate.io, Bitfinex, MEXC and WhiteBIT, the token can be listed as $DOP.
DOP launched its mainnet six weeks in the past, after a really profitable testnet with 2.67 million customers taking part.. The DOP ecosystem has grown considerably over the previous six months. Greater than 1 million DOP wallets have been opened, and property value greater than 10 million USD has been encrypted utilizing the protocol, which reveals the rising demand for user-oriented information possession options.
“$DOP is the Information Possession Protocol token, a undertaking that seeks to stability transparency and privateness on the blockchain., giving customers management over their information. The launch of our utility token represents a major milestone and enhances our imaginative and prescient for the way forward for information possession. We’re grateful to our supporters and group who believed in our mission from day one,” mentioned Kohji Hirokado, DOP co-founder and former core member of the corporate.
At the moment, the $DOP token serves two major capabilities inside the ecosystem: facilitating charge funds and awarding group rewards. Utilizing protocol information possession options makes charges payable in DOP tokens, creating native demand for the token.
This method incentivizes the holding of DOP tokens whereas implementing a deflation mechanism by means of charge burning. It additionally rewards supporters of the community by means of betting distributions. Thus far, 210,000,000 DOP tokens have been allotted for stake rewards, with greater than 1.1 billion DOP tokens already staked.
The itemizing announcement comes on the heels Bybit ranked because the second largest cryptocurrency change on the earth by buying and selling quantity, beating Coinbase (NASDAQ: ) and behind solely Binance. Bybit's rise has been outstanding, doubling its market share from 8% to 16% as of October 2023.
To speak plans for the second half of 2024, DOP launched a brand new street map after the success of Q1. The plan establishes a $5 million developer grant program, expands protocol capabilities and plans growth on EVM suitable chains off lowering fuel fees and reaching extra customers.
Plus a brand new SDK for builders will enable builders to simply combine and create dApps inside the DOP ecosystem. Further objectives intention to enhance person safety for NFT administration by increasing performance past ERC-20 tokens to incorporate NFT encryption and decryption.
O Information Possession Protocol (DOP)
The Information Possession Protocol permits customers to personal their information. in crypto, monetary information resembling holdings, balances and transaction historical past is publicly out there on the blockchain. The mission of DOP know-how is let customers resolve what and with whom to share.
DOP goals to offer people and companies extra management over their information by means of selective transparency, utilizing zero-knowledge cryptography and different superior applied sciences.
For extra info, customers can go to the Information Possession Protocol's: Official Web site | Twitter | LinkedIn
This content material is sourced from the Information Possession Protocol. This press launch is for informational functions solely. This info doesn’t represent funding recommendation or a proposal to speculate.
ContactAdvertising and marketingDOPadvertising@dop.org
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