Tokyo, Japan, July 5, 2024, Chainwire
$DOP, the token of the Knowledge Possession Protocol (DOP), might be out there for buying and selling on seven main cryptocurrency exchanges, together with Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC and WhiteBIT, from July 5, 2024.
Knowledge Possession Protocol clarified that on Bybit, the token might be listed as $DOP1 to keep away from confusion with present fiat currencies. On KuCoin, Gate.io, Bitfinex, MEXC and WhiteBIT, the token might be listed as $DOP.
DOP launched its mainnet six weeks in the past after a extremely profitable testnet part that noticed 2.67 million customers be part of.. Over the previous six months, the DOP ecosystem has grown considerably. Over 1 million DOP wallets have been opened, Greater than 100% of property $10 million in crypto Using this protocol demonstrates the rising demand for user-centric information possession options.
“$DOP is the token for the Knowledge Possession Protocol, a challenge that seeks to stability transparency and privateness on the blockchain.“DOP is a platform that empowers customers to handle their very own information. The itemizing of our utility token is a vital milestone and strengthens our imaginative and prescient for the way forward for information possession. We want to thank our supporters and neighborhood for believing in our mission from day one,” mentioned Koji Hirokado, co-founder of DOP and former core member of .
Presently, the $DOP token serves two main features throughout the ecosystem: facilitating price funds and granting neighborhood rewards. Use of the protocol's information possession function generates charges which might be paid in DOP tokens, creating native demand for the token.
The system incentivizes DOP token holding whereas implementing a deflationary mechanism by price burning, and rewards community supporters by staking distributions. To this point, 210 million DOP tokens have been allotted for staking rewards, with over 1.1 billion DOP tokens already staked.
The itemizing announcement was Bybit ranks because the world's second largest cryptocurrency trade by buying and selling quantity.surpassing Coinbase (NASDAQ:) and turning into the second largest cryptocurrency after Binance. Bybit's rise has been spectacular, doubling its market share from 8% to 16% since October 2023.
To speak its plans for the second half of 2024, the DOP New roadmap launched Following the success of Q1, we’re introducing a $5 million developer grant program to broaden protocol capabilities and Develop EVM suitable Past the Chain Cut back your fuel invoice and attain extra customers.
Plus, a brand new developer SDK It is going to allow builders to simply combine and construct dApps throughout the DOP ecosystem.One other aim is to boost person safety for NFT custody by increasing performance past ERC-20 tokens to incorporate encryption and decryption of NFTs.
about Knowledge Possession Protocol (DOP)
Knowledge possession protocols permit customers to personal their very own information. In cryptography, Monetary Knowledge Property held, stability, transaction historical past, and many others. It’s revealed on the blockchainThe mission of DOP Know-how is Empower customers to determine what to share and with whom.
Leveraging zero-knowledge encryption and different superior applied sciences, DOP goals to offer people and companies larger management over their information by selective transparency.
For extra data, please go to the Knowledge Possession Protocol official web site | Twitter | Linkedin
The supply of this content material is Knowledge Possession Protocol. This press launch is for informational functions solely. This data doesn’t represent funding recommendation or a proposal to take a position.
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