Justin Sun annnouced gas-free stablecoin transfers on Tron blockchain network.

Justin Sun is the founder of the Tron blockchain and a prominent figure in the cryptocurrency world. He has been involved in several controversies, with critics accusing him of using his financial power to manipulate markets and influence projects for personal gain. Despite this, Sun remains a key player in the blockchain industry, continuously pushing for innovative solutions.

Today Justin Sun has announced an exciting new feature. His team is developing a way to transfer stablecoins without paying gas fees. Usually, when people transfer stablecoins, they need to pay a small fee called a “gas fee.” But with this new solution, the fees will be covered by the stablecoins themselves.

This new feature will first be available on the Tron blockchain. Later, it will also work on Ethereum and other EVM (Ethereum Virtual Machine) networks. Justin Sun’s team expects to launch this service in the last part of this year.

This innovation could make stablecoin transfers easier and cheaper for everyone.

Justin mentioned it will be first to be implemented on the Tron blockchain and later on Ethereum and all EVM-compatible public chains. 

He believes that such services will greatly facilitate large companies in deploying stablecoin services on the blockchain, thus advancing blockchain mass adoption to a new level.

Experts believe that implementing free stablecoin transactions could have both positive and negative implications.

Covering transaction fees through other means (e.g., through the stablecoins themselves) needs a sustainable model to prevent potential financial strain on the platform.

Some experts believe free transactions might encourage spam or malicious activities, such as network congestion through excessive transactions.

Also the perception of “free” services can sometimes mask hidden costs or lead to unintended consequences, such as exploitation by certain actors.

While the concept of free stablecoin transactions is innovative and could drive adoption, it is crucial to consider the underlying economic model and potential risks to ensure it remains beneficial in the long term.

Read also: German MP Joana Cotar Proposes Bitcoin as Germany’s Reserve Currency

Tokyo, Japan, July 5th, 2024, Chainwire

$DOP, the token of the Data Ownership Protocol (DOP) will be available for trading in 7 major cryptocurrency exchanges such as Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT, starting July 5th, 2024.

The Data Ownership Protocol clarified that on Bybit, the token will be listed as $DOP1 to avoid confusion with an existing fiat coin. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token will be listed as $DOP.

DOP launched its mainnet six weeks ago, following a highly successful testnet phase that saw participation from 2.67 million users. In the last six months, the DOP ecosystem has grown significantly. Over 1 million DOP wallets have been opened, and assets worth more than 10 million USD have been encrypted using the protocol, showcasing the increasing demand for user-centric data ownership solutions.

“$DOP is the token of Data Ownership Protocol, a project that seeks to balance transparency and privacy on the blockchain, putting users in control of their data. The listing of our utility token marks a significant milestone and enhances our vision for the future of data ownership. We are thankful to our supporters and community who have believed in our mission from day one”, said Kohji Hirokado, co-founder of DOP and ex-core member at Cardano.

Currently, the $DOP token serves two primary functions within the ecosystem: facilitating fee payments and granting community rewards. The usage of the protocol’s data ownership features incurs fees payable in DOP tokens, creating a native demand for the token.

This system incentivizes DOP token retention while implementing a deflationary mechanism through fee burning. It also rewards network supporters via staking distributions. To date, 210,000,000 DOP tokens have been allocated for staking rewards, with over 1.1 billion DOP tokens already staked.

The listing announcement comes on the heels of Bybit’s positioning as the world’s second-largest cryptocurrency exchange by trading volume, surpassing Coinbase and trailing only Binance. Bybit’s ascent has been remarkable, with its market share doubling from 8% to 16% since October 2023.

To communicate the plans for the second half of 2024, DOP released a new roadmap following Q1’s success. The plan introduces a $5 million developer grant program, expands protocol capabilities, and plans deployment on EVM-compatible chains beyond Ethereum, reducing gas fees and reaching more users.

Moreover, the new developer SDK will enable developers to easily integrate and build dApps within the DOP ecosystem. Other objectives aim to enhance user security for managing NFTs by expanding functionality beyond ERC-20 tokens to include encryption and decryption of NFTs.

About Data Ownership Protocol (DOP)

The Data Ownership Protocol enables users to own their data. In crypto, financial data such as holdings, balances, and transaction history is publicly available on the blockchain. The mission of DOP technology is to let users decide what to share and with whom.

DOP aims to empower individuals and businesses with more control over their data through selective transparency, utilizing zero-knowledge cryptography and other advanced technologies.

For more information, users can visit Data Ownership Protocol’s: Official Website | Twitter | Linkedin

Data Ownership Protocol is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

Marketing
DOP
marketing@dop.org

HK, HongKong, July 4th, 2024, Chainwire

ASIC MARKETPLACE is celebrating 3 remarkable years of leading the industry as the most reliable Asic sourcing platform, serving robust ASIC Miners across the world, marking phenomenal achievement and growth in the mining landscape. 

ASIC marketplace has been in the industry since 2021, where it has performed as a pioneer in reselling the 12800+ ASIC Mining Hardware successfully to date across 80+ countries. marketplace calls itself a successful and happy family of 4300+ customers globally due to the contributions it has made to deliver groundbreaking ASIC Miners to its customers at their doorstep. The company is known well for its innovative and economical range of ASIC Miners curated for every kind of consumer, its commitment to delivering the best, and its vision for elevating the mining experience for everyone who is or wants to be an integral part of the ASIC Mining industry. 

ASIC marketplace has reliably set a pertinent benchmark in the industry by collaborating with renowned players of the industry manufacturers to deliver high-quality products to help the miners reach their goals. Asic Marketplace constantly dedicates its success and extends warm thanks to its team members and customers for the unwavering support that they provided them over these three excellent years. 

The mining industry evolves each day, and new advancements are being introduced every time, which demand new innovative mining machines. Asic Marketplace stands firm as a pillar here that makes it possible for novices as well as professionals to cater for their mining needs, which speaks volumes about the work they have done over the years. 

The three-year milestone is a testament to the success of their collaboration with hi-tech industry leaders and manufacturers, which solidifies their position as a winning and highly recognized eCommerce platform. 

For more information, users can contact Asic Marketplace using the details mentioned below.

About ASIC Marketplace

ASIC Marketplace is a leading platform dedicated to providing a wide range of ASIC mining hardware. Founded in 2021, the company has quickly become a trusted name in the industry, known for its commitment to quality and customer satisfaction. With a presence in over 80 countries and a customer base exceeding 4,300 clients, ASIC Marketplace offers innovative and economical mining solutions to meet the diverse needs of the global mining community.

Website: https://asicmarketplace.com/ 

Contact

Manager
Rain Lee
Asic Marketplace
rain@asicmarketplace.com