DOP, the native token of zero-knowledge proofs platform Knowledge Possession Protocol, has jumped 75% prior to now 24 hours after the token’s itemizing on main crypto exchanges.
On Thursday, crypto exchanges Bybit and Bitfinex introduced buying and selling help for DOP. The token’s value rose sharply to achieve above $0.0288.
Bitfinex introduced deposits for DOP would open at 12:00 pm UTC on July 4, 2024, with buying and selling anticipated to begin on July 5, 2024 at 10:00 am UTC. This may nonetheless be topic to “liquidity necessities being met,” the Bitfinex crew wrote in a weblog publish.
Commenting on the itemizing, Bitfinex head of tokens Henry Baby, mentioned:
“Itemizing DOP on Bitfinex aligns with our dedication to offering our prospects with entry to progressive digital property from day one. We’re happy to supply our prospects the chance to commerce DOP on our platform.”
In the meantime Bybit plans to record on BybitSpot Journey Zone on July 5 at 8:00 am UTC.
“$DOP’s debut on Bybit is a major improvement, however nonetheless marks step one in a broader push to lift consciousness about our protocol’s distinctive attributes,” the Knowledge Possession Protocol crew defined in a publish on Thursday.
What’s Knowledge Possession Protocol?
Knowledge Possession Protocol (DOP) is a decentralized platform on Ethereum that permits customers to stay answerable for their digital property by deciding which transactions to make public.
The platform’s key options embrace off-chain structure, zero-knowledge (ZK) proofs, and customized blockchains.
DOP permits holders to pay transaction charges and to take part within the challenge’s governance.
DOP features amid crypto massacre
DOP’s features got here as a lot of the crypto market suffered draw back strain, with Bitcoin dropping beneath $58,000 and Ethereum retreating to close $3,100. General, the full market cap fell 4.4% in 24 hours to $2.12 trillion as most altcoins mirrored the highest cash.
The sell-off for Bitcoin elevated as Mt.Gox transferred small quantities of BTC as checks forward of main repayments to collectors. Analysts have additionally pointed at potential miner capitulation.
Additionally notable on Thursday was the massive BTC transfers to exchanges by a pockets linked to the German authorities. The pockets has offered thousands and thousands of {dollars} price of Bitcoin in latest weeks.
On Thursday, Tron founder Justin Solar to supply to buy the entire German authorities’s bitcoin holdings off-market.
