Data Ownership Protocol Price

Data Ownership Protocol (DOP) is a cryptocurrency that lets you control your personal and financial data on the blockchain. It uses zero-knowledge proofs to ensure flexible transparency, built on the Ethereum network. This means you can choose what data to share and with whom, maintaining your privacy while still complying with necessary regulations.

DOP supports various Ethereum-based assets and integrates seamlessly with existing wallets and decentralized applications (dApps). This protocol addresses the issue of over-transparency in the digital assets space, allowing selective disclosure of token holdings and transaction history.

You can manage your data securely and decide how much information to make public. This balance between privacy and transparency empowers you to take control of your digital identity.

The Data Ownership Protocol (DOP) works by giving you control over your data on the blockchain. You can choose which data to share and with whom. This means you control your financial and personal information rather than it being fully public.

DOP uses advanced cryptography, specifically zero-knowledge proofs (ZKPs), to validate transactions without exposing the underlying data. This ensures your data remains private.

It operates on the Ethereum network, making it compatible with existing Ethereum-based assets and applications. This means you can use DOP with your current Ethereum wallet and dApps.

You encrypt and decrypt your data as needed. This allows you to keep certain transactions or holdings private while still participating in the blockchain ecosystem.

DOP provides ways to comply with regulatory requirements without sacrificing privacy. You can selectively disclose information to meet legal needs while keeping other data private.

Data Ownership Protocol (DOP) was founded by Kohji Hirokado and Will Qureshi. The protocol launched its mainnet (beta) in early 2024.

The roadmap for DOP includes expanding features and integrations, moving beyond Ethereum to other blockchains with lower transaction fees, and enhancing user control over data sharing. The initial phase of the mainnet supports basic functionalities like encrypting and decrypting transactions, with plans to add more features over time.

The $DOP token is used primarily for managing and protecting your data on the blockchain. Here's how you can use it:

1. Encrypt and Decrypt Data: Use DOP tokens to encrypt your financial and personal data. This ensures that only you can access your information or choose to share it with others securely.
2. Transaction Fees: Pay for transactions within the DOP ecosystem. This includes encryption, decryption, and transferring assets. Initially, there is a 0.1% fee for each encryption and decryption action, with additional transaction fees waived during the early adoption phase.
3. Staking and Rewards: Stake your DOP tokens to earn rewards. By staking, you can participate in the network and earn points that can be converted back into DOP tokens. This incentivizes holding and using the token within the ecosystem.
4. Data Management: Maintain control over your data by deciding what information to share and with whom. This selective transparency is a key feature, allowing you to manage your privacy while still interacting with blockchain services.
5. Trade DOP on KuCoin: Trade Data Ownership Protocol crypto against other cryptocurrencies listed on the KuCoin Spot Market after you DYOR. You can buy, sell, or HODL $DOP based on your investment goals and risk tolerance.

The total supply of DOP tokens is 23.37 billion. This includes allocations for private sales, public sales, and rewards for participants in the testnet and mainnet activities.

At the Token Generation Event (TGE), 8 billion tokens will be unlocked. The remaining tokens are subject to vesting periods to manage sell pressure and ensure long-term stability.

There is a fee of 0.1% for encryption and decryption actions on the platform. These fees are used to buy DOP tokens from the market. 75% of these purchased tokens are burned, and the remaining 25% go into a staking rewards pool.