Data Ownership Protocol Token $DOP Trading on 7 Major Cryptocurrency Exchanges

Tokyo, Japan, July 5th, 2024

The token of the Data Ownership Protocol, $DOP, is set to be available for trading on 7 major cryptocurrency exchanges starting July 5th, 2024. These exchanges include Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT.

To avoid confusion with an existing fiat coin, $DOP will be listed as $DOP1 on Bybit while on KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, it will remain as $DOP.

The Data Ownership Protocol recently launched its mainnet after a successful testnet phase with over 2.67 million participants. The ecosystem has experienced substantial growth in the last six months, witnessing the opening of over 1 million DOP wallets and the encryption of assets exceeding $10 million using the protocol.

The utility token $DOP symbolizes the project's vision of empowering users with control over their data, emphasizing a balance between transparency and privacy on the blockchain. The token's listing signifies a significant achievement for the Data Ownership Protocol, reinforcing its commitment to data ownership.

Within the ecosystem, $DOP serves essential functions by enabling fee payments and providing rewards to the community. Users engaging with the protocol's data ownership features will utilize DOP tokens for fee payments, establishing inherent demand for the token.

Furthermore, the system encourages the retention of DOP tokens by incorporating a deflationary mechanism through fee burning and offering staking rewards to network supporters. Over 1.1 billion DOP tokens have already been staked, with 210,000,000 DOP tokens allocated for staking rewards.

The announcement of the token listing coincides with Bybit's rise as the world's second-largest cryptocurrency exchange by trading volume, surpassing Coinbase and closely trailing Binance. Bybit's market share has doubled from 8% to 16% since October 2023, showcasing significant growth.

Looking ahead to the second half of 2024, Data Ownership Protocol has unveiled a new roadmap outlining key initiatives. These include a $5 million developer grant program, enhanced protocol capabilities, and expansion to EVM-compatible chains beyond Ethereum to reduce gas fees and broaden accessibility.

Additionally, the upcoming developer SDK will streamline the integration of dApps within the DOP ecosystem, aiming to enhance user security in managing NFTs by extending functionalities to include encryption and decryption of NFTs.

About Data Ownership Protocol (DOP)

Data Ownership Protocol empowers users to retain ownership of their data in the cryptocurrency realm where financial data is publicly visible on the blockchain. The core mission of DOP technology is to grant users the authority to determine data sharing practices and recipients, fostering selective transparency through cutting-edge technologies like zero-knowledge cryptography.

For additional details, interested parties can explore the Data Ownership Protocol's Official Website.

Disclaimer: This Press Release from Data Ownership Protocol is for informational purposes solely and does not constitute investment advice or an invitation to invest.

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