Tokyo, Japan, July fifth, 2024, Chainwire
$DOP, the token of the Information Possession Protocol (DOP) will probably be accessible for buying and selling in 7 main cryptocurrency exchanges akin to Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT, beginning July fifth, 2024.
The Information Possession Protocol clarified that on Bybit, the token will probably be listed as $DOP1 to keep away from confusion with an present fiat coin. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token will probably be listed as $DOP.
DOP launched its mainnet six weeks in the past, following a extremely profitable testnet section that noticed participation from 2.67 million customers. Within the final six months, the DOP ecosystem has grown considerably. Over 1 million DOP wallets have been opened, and belongings price greater than 10 million USD have been encrypted utilizing the protocol, showcasing the rising demand for user-centric information possession options.
“$DOP is the token of Information Possession Protocol, a undertaking that seeks to steadiness transparency and privateness on the blockchain, placing customers in command of their information. The itemizing of our utility token marks a major milestone and enhances our imaginative and prescient for the way forward for information possession. We’re grateful to our supporters and neighborhood who’ve believed in our mission from day one”, stated Kohji Hirokado, co-founder of DOP and ex-core member at .
At present, the $DOP token serves two major features throughout the ecosystem: facilitating price funds and granting neighborhood rewards. The utilization of the protocol’s information possession options incurs charges payable in DOP tokens, making a native demand for the token.
This technique incentivizes DOP token retention whereas implementing a deflationary mechanism by means of price burning. It additionally rewards community supporters through 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 change by buying and selling quantity, surpassing Coinbase (NASDAQ:) 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 , lowering gasoline charges and reaching extra customers.
Furthermore, the brand new developer SDK will allow builders to simply combine and construct dApps throughout the DOP ecosystem. Different aims purpose to reinforce consumer safety for managing NFTs by increasing performance past ERC-20 tokens to incorporate encryption and decryption of NFTs.
About Information Possession Protocol (DOP)
The Information Possession Protocol allows customers to personal their information. In crypto, monetary information akin to holdings, balances, and transaction historical past is publicly accessible on the blockchain. The mission of DOP know-how is to let customers determine what to share and with whom.
DOP goals to empower people and companies with extra management over their information by means of selective transparency, using zero-knowledge cryptography and different superior applied sciences.
For extra info, customers can go to Information Possession Protocol’s: Official Web site | Twitter | Linkedin
Information Possession Protocol is the supply of this content material. This Press Launch is for informational functions solely. The data doesn’t represent funding recommendation or a suggestion to speculate.
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