Earn Your $DOP Token Rewards by Performing Simple Tasks!

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29 Dec 2023

Indeed a warm and cheerful start to your new year! $DOP Token will launch on Q1 of 2024 🎁

Introduction

In Web3 and blockchain systems, your account details, transactions, and on-chain actions are automatically visible to everyone. Although this transparency offers resistance to censorship and allows for audits, it sacrifices user privacy. This leaves users with a stark choice: either share all your data publicly or avoid participating altogether. In various scenarios, users might prefer more flexibility and control over the information they disclose and what they keep private.

DOP introduces a novel idea: users control what on-chain data they share. They can choose to reveal some account and transaction details while keeping others private. For instance, they might showcase NFTs publicly but hide account balances. This empowers users with control over their data, encouraging wider blockchain adoption for those valuing financial privacy. Built on Ethereum, the platform enables this selective transparency. Users can freely transact with the level of control they want, and it enhances their experience by securely interacting with decentralized applications on the Ethereum blockchain.

Data Ownership Protocol or DOP — What Is It?

DOP seeks to revolutionize conventional norms by putting data ownership in the hands of users, granting them the authority to choose what on-chain activities they reveal. Through the utilization of zk-SNARKs and ECDSA, DOP empowers users to meticulously craft the information they want to disclose about their asset holdings and transactions. This is achieved while ensuring effortless interoperability with Ethereum dApps and liquidity networks, creating a seamless user experience.

The DOP protocol will initially work with ERC20, ERC721, and ERC1155 token standards. This allows users to choose what information about their tokens they want to share, such as symbols without revealing balances or transaction details. For instance, users can decide to share they own certain tokens without disclosing how much or selectively reveal partial holdings like owning more than 2 ETH without specifying the full amount. Despite this granular control, the system ensures accountability — false information can’t be shared, and any partial disclosures can be transparently verified on DOPscan (DOP’s protocol explorer). This mix of flexibility and trust allows DOP to bring new functionality to tokenized assets while giving users control over what they share.

Interacting Safely with Ethereum’s Decentralized World

Beyond data ownership, DOP ensures secure interactions with decentralized applications (dApps) on the Ethereum blockchain. DOP seamlessly integrates with Ethereum’s dApps, enabling users to make the most of their tokens and NFTs across popular DeFi protocols, DEXs, prediction markets, and more. Transactions initiated on Ethereum dApps through DOP benefit from its privacy features, including selective disclosure. This interoperability taps into the full potential of Ethereum’s dynamic ecosystem for DOP users, all while maintaining control over their exposure.

Seamless Wallet Integration

DOP places a high priority on integrating seamlessly with the wide variety of third-party wallets in the blockchain space. Recognizing that users have individual preferences and needs when it comes to wallets, we opt for an open approach. Rather than limiting users to a proprietary wallet, DOP provides open APIs and libraries, enabling compatibility with a diverse range of external wallets.

This approach brings several benefits: Users have the flexibility to use their preferred wallets, avoiding restrictions to a single option. Integration with popular existing wallets ensures a familiar user experience and simplifies blockchain complexities. Accessibility is enhanced as users can utilize DOP’s features through wallets they already know. Compatibility with various wallets also maintains specialized user experiences for different use cases. Last but not the least, by prioritizing an open architecture and wallet integrations, DOP is sure to remain accessible and adaptable to evolving user needs, promoting mainstream adoption within existing workflows.

Empowering NFT Utility and Personalization

DOP is dedicated to granting users precise control over their NFT assets, introducing new utility and customization possibilities. In contrast to conventional blockchain platforms where NFT ownership is entirely public, DOP acknowledges the need for flexibility among creators and collectors. Some may opt to selectively showcase their NFT holdings or keep specific purchase details private.

DOP facilitates users in tailoring the visibility of their NFT portfolio based on their preferences. This could involve publicly displaying their entire NFT collection to attract fans while maintaining private account balances. Users might also choose to quietly acquire sought-after NFTs without disclosing purchase and transfer details to the public. Essentially, DOP provides individuals and organizations the freedom to control their NFT narrative. They can decide which aspects of their collection to make public and selectively obscure or share other data with trusted parties.

This equilibrium between visibility and privacy opens up creative applications and enterprise use cases for NFTs. By empowering users to take charge of their NFT profiles, DOP not only unlocks utility but also adds significant value to the overall NFT experience.

Empowering Secure and Adaptable Token Management

DOP provides users with a secure and flexible way to manage their token assets. DOP accounts use advanced cryptography to securely store tokens and coin balances, ensuring that users have sole control over their keys. The combination of off-chain transactions and privacy features allows for quick and private transfers of tokens between DOP accounts.
DOP is designed to work seamlessly with tokens from Ethereum. Users have control over which token holdings they want to share publicly and which ones they want to keep private, offering a choice in visibility.

By offering a strong foundation for token storage and transactions, along with additional privacy controls, DOP empowers users to manage their digital assets securely and flexibly, according to their preferences and profile.

For a more insight about its technical architecture and $DOP’s tokenomics, you may refer to their whitepaper.

DOP’s Testnet Campaign and How To Earn Your $DOP Rewards

Joining DOP’s testnet campaign is a breeze. Simply complete very simple tasks that involve your Twitter account (a requirement), and use a designated wallet for this testnet. Before anything else, please make sure you’ve added the Sepolia test network to your MetaMask wallet, as it will be used for this campaign. If you haven’t done so already, head directly to chainlist.org to add.

And now without further ado, here are the tasks that needs to be done in order to reap your $DOP rewards:

) Head over to https://doptest.dop.org/
) From there, you can either create a new wallet OR import an existing wallet. If you choose the latter, simply import your wallet’s seed phrase or private key, and add a strong password afterwards.
) Follow DOP’s Twitter Account. Sign in using your existing twitter account and make sure to follow DOP on Twitter. This is necessary requirement and a snapshot will be done.
) Claim Sepolia ETH. Make sure to add the Sepolia Network to your wallet first.
) After claiming your test ETH, you have to claim test DOP next to try out DOP’s features.
) Claim testnet assets. This includes test USDT, USDC, PEPE, SHIBA and many more.
) Encrypt your assets. Choose at least one (1) test token and choose the amount of the said token you wish to encrypt. This is needed as you will be transacting your encrypted assets in the next step.
) Now send your encrypted assets. I suggest you choose lower than maximum (ex. if you have 10000 encrypted $SHIB, only send half of that amount) as you will be decrypting your tokens again in the next step.
) Decrypt your assets. This will make your encrypted tokens into regular tokens again.
) AND for the bonus round: invite your friends. The more, the merrier as you will receive 20% bonus once your friends have completed all of the tasks.

Good luck and have fun while you’re still early, folks. Remember, $DOP will be released on Q1 of 2024.

Conclusion

DOP changes the game in blockchain by letting users control what they share online. It gives people the power to decide what information they keep private and what they share publicly. This makes owning and managing data easier for everyone. DOP keeps things simple and user-friendly, connecting with popular wallets to make things even easier. The DOP token plays a key role in growing the network and making sure it stays strong. It’s built for the future of the internet and virtual worlds. With a focus on privacy and user control, DOP is indeed paving the way for the next generation of blockchain apps. Visit https://doptest.dop.org/ and earn your share of the testnet rewards while you still can!