$DOP is the Data Ownership Protocol’s native token. The token listing on CEX is the next step in our strategy to bring the crypto space a step closer to true data ownership.

Listing time: July 5th, 8 AM UTC.

 

The launch of $DOP is an important step for our protocol, making it publicly owned and fulfilling the purpose of its utility.

 

DOP is proud to announce that our native token is being listed initially on Bybit, which has now become the world’s second-largest crypto exchange.

 

Important Note: Since Bybit has a FIAT currency already listed with the ticker DOP, our official token will be listed under the ticker $DOP1. This change is limited to Bybit and does not impact the token’s contract or ticker on any other platform. To find our official page on Bybit, simply search for DOP or Data Ownership Protocol.

 

While listing on the exchanges is an important milestone and serves as a vindication of $DOP’s many use cases, this is an even bigger step towards establishing a successful protocol and growing the $DOP ecosystem. Our goal is to create a robust, efficient, and user-friendly system for everyone.

 

With a steady stream of regular announcements and exciting new features, the Data Ownership Protocol is making progress in transforming selective transparency from a daring concept to a reality, eliminating the pain points that stand in the way of Web2 users getting involved.

 

Our infrastructure will continue to operate seamlessly, all while fulfilling the crucial objective of giving people like you the ability to control how much information about your finances is in the public domain.

 

Our Listing Strategy 

$DOP’s debut on Bybit is a significant development, but still marks the first step in a broader push to raise awareness about our protocol’s distinctive attributes. 

 

Part of this process will involve enabling the crypto community to interact with our ecosystem via the exchanges and dApps they already use on a daily basis, reducing friction while boosting familiarity. Our project also has bold plans to list $DOP on other exchanges — as this will enhance liquidity and allow us to reach people in a bigger cross-section of markets.

 

Bybit’s Co-founder, Ben Zhou, recently told Bloomberg that his trading platform has seen demand surge following the collapse of FTX, with new customers flocking to Bybit as they search for a reputable exchange they can trust Europe is Bybit’s biggest market, and its laser-like focus on regulatory compliance makes it an ideal match for $DOP. With 24-hour trading volumes of $2.9 billion and over 30 million registered users, Bybit’s stature and popularity will have an indelible impact on increasing our token’s visibility.

 

Reinforcing this point, Kaiko research indicates that Bybit’s market share has doubled to 16% in just nine months — seeing the company leapfrogging Coinbase in the rankings. And given this exchange has some of the lowest fees to offer, it’s clear why customers are making the switch.

 

This listing also matters for DOP holders who are unable to access major trading platforms because of where they live, with Japan a good example. Launching on Bybit means our native token will reach users in the world’s fourth-largest economy, and consumers interested in our project, with the country’s government expected to lift restrictions that stop institutional investors from gaining exposure to crypto.

 

A recent study by Nomura found that 54% of investment managers in Japan plan to invest in digital assets over the next three years — citing diversification opportunities and a low correlation to other asset classes as the biggest reasons why.

 

Bybit now allows Chinese citizens residing outside the country to open accounts as well, opening the door to insatiable demand from expats. Just like $DOP, this platform is expanding its horizons and always looking for opportunities to better serve the community.

Now Back to Work

This listing is a key moment in $DOP’s journey. But make no mistake: our team’s biggest objective continues to be developing our protocol to be the best it can be — with continual improvements based on community feedback.

 

Without a vibrant ecosystem, advanced technology and unique features that no other project can match, launching $DOP on exchanges would be meaningless.

 

We’re hopeful that going live on Bybit — as well as on other trading platforms in the not-too-distant future — will help supercharge $DOP’s adoption, raise awareness about our offering, and unlock fresh, innovative use cases in the fast-moving world of crypto.

 

For the moment though, our focus will return to building a protocol that resolves the biggest challenges facing blockchains today.

 

Stay tuned for a series of blog posts in the following weeks presenting an in-depth dive into the utility of the DOP token and the next objectives on our road map!