Rumors are spreading that DOP vanished with $164M that has been raised from its never ending private sale. If true, this will be a whopper of a case where everything seemed to be presented properly, yet the end result would still leave us all in question…

Is it possible that the DOP raise becomes the second largest carefully executed rug in crypto?

My purpose here is not to spread FUD or disinformation about what was a seemingly strong project — it is more important to share both sides of the story as it unfolds, doing my best to verify all the facts presented.

One thing however, is clear and significant: the project has sustained damage to its reputation and lost the widespread trust of its community. This, in any crypto project no matter how large or small - is a death sentence. We’ve seen it turn visionaries into criminals overnight, and set off cascading spirals of runs and withdrawals - well before any real confirmation or law enforcement arrives. So before that can happen, I encourage everyone who has made an investment to protect it by sharing their facts and experiences over social media asap!

On the plus side, the team is doxxed and has made appearances at multiple Binance events, on top of securing countless partnerships with credible partners including being audited by Hacken. One team member has come out to confirm that they have not vanished, and will be present IRL while sponsoring both Korea Blockchain Week and Token2049.

On the flip side, here are some key facts that have been fueling the fire:

While dop_org has over 1M followers, each individual team member @Kohji_Crypto, @Ikarta4, @Matan_Al, @Tiffany_Ben1, and @Hila_maharshak has about 1K each and only reposts content. DOP has no CEO.
Lots of transactions worth millions being sent in different wallet address by dev as per information shown on Arkham Intelligence
Users who participated in the private sale are voicing that they have been unable to claim their tokens, citing problems with KYC and unreachable support
2 telegram admin accounts got deleted, and the team in general have not been responsive to community inquiries and concerns

https://x.com/si1ver_ra1n/status/1791142249608130892?s=46&t=d5nuVMonz8BX6y7xSWK5ag

DOP claimed to list in Q1, which didn’t happen; then they claimed to do it in Q2,  which didn’t happen again and now a cryptic tweet from the official account giving only the date “04.07.24”

DOP has been a high profile project, which naturally incurs both a lot of scam impersonations and phishing accounts. It then becomes quite difficult to distinguish between what’s real news and what’s not.

Many participants have already called for the investigative services of the famous ZachXBT.

Any additional information on your tokens one month after mainnet launch, staking rewards, or otherwise personal experience with DOP is requested!

The Data Ownership Protocol (DOP) is utilizing zero-knowledge proofs in order to allow flexible transparency on top of Ethereum L1. DOP allows users and DApps to store assets and make transactions privately, or selectively disclose token holdings and historical information.

Data Ownership Protocol

Rumors are spreading that DOP vanished with $164M that has been raised from its never ending private sale. If true, this will be a whopper of a case where everything seemed to be presented properly, yet the end result would still leave us all in question…

**Is it possible that the DOP raise becomes the second largest carefully executed rug in crypto?**

My purpose here is not to spread FUD or disinformation about what was a seemingly strong project — it is more important to share both sides of the story as it unfolds, doing my best to verify all the facts presented. 

One thing however, is clear and significant: **the project has sustained damage to its reputation and lost the widespread trust of its community.** This, in any crypto project no matter how large or small - is a death sentence. We’ve seen it turn visionaries into criminals overnight, and set off cascading spirals of runs and withdrawals - well before any real confirmation or law enforcement arrives. **So before that can happen, I encourage everyone who has made an investment to protect it by sharing their facts and experiences over social media asap!**

On the plus side, the team is doxxed and has made appearances at multiple Binance events, on top of securing countless partnerships with credible partners including being **audited by Hacken**. One team member has come out to confirm that they have not vanished, and will be present IRL while sponsoring both Korea Blockchain Week and Token2049.

On the flip side, here are some key facts that have been fueling the fire:

- While dop_org has over 1M followers, each individual team member @Kohji_Crypto, @Ikarta4, @Matan_Al, @Tiffany_Ben1, and @Hila_maharshak has about 1K each and only reposts content. DOP has no CEO.
- Lots of transactions worth millions being sent in different wallet address by dev as per information shown on Arkham Intelligence
- Users who participated in the private sale are voicing that they have been **unable to claim their tokens, citing problems with KYC and unreachable support**
- 2 telegram admin accounts got deleted, and the team in general have not been responsive to community inquiries and concerns

https://x.com/si1ver_ra1n/status/1791142249608130892?s=46&t=d5nuVMonz8BX6y7xSWK5ag

DOP claimed to list in Q1, which didn’t happen; then they claimed to do it in Q2,  which didn’t happen again and now a cryptic tweet from the official account giving only the date “04.07.24” 

DOP has been a high profile project, which naturally incurs both a lot of scam impersonations and phishing accounts. It then becomes quite difficult to distinguish between what’s real news and what’s not.

Many participants have already called for the investigative services of the famous ZachXBT. 

Any additional information on your tokens one month after mainnet launch, staking rewards, or otherwise personal experience with DOP is requested!

Kawin Rungsimuntakul

Sigh...I'll say it again...you cannot have privacy on Ethereum.

This is another project that is attempting to use zero knowledge proofs as a buzzword to make their project seem more legit, when it's more of the same nonsense.

Sure, some level of privacy can be achieved by implementing a layered solution like this. But the inputs and outputs that get recorded on the main Ethereum chain can be monitored.

There also isn't a whole lot of information about the project on the website. It looks sketchy.

Sigh...I'll say it again...you cannot have privacy on Ethereum. 

This is another project that is attempting to use zero knowledge proofs as a buzzword to make their project seem more legit, when it's more of the same nonsense. 

Sure, some level of privacy can be achieved by implementing a layered solution like this. But the inputs and outputs that get recorded on the main Ethereum chain can be monitored. 

There also isn't a whole lot of information about the project on the website. It looks sketchy.

Tartarian

Data Ownership Protocol - DOP tokenomics model is not as interesting as their technological solution but I'd still expect a 5X-10X from the current valuation. The valuation at launch is pretty high, but let's crunch the numbers.

The airdrop is under way for those who participated in the test network tasks. I did get an allocation but it is nothing to write about, although for the time invested I guess it was ok, but nothing exceptional that I would want to write about. Since the token is on the main Ethereum network with very high transaction fee, I'm not even claiming my airdrop just yet until I see what final price once it starts trading. At this point in time, I would have made about $50... 545,000 participants received that airdrop. I would have preferred to get a bigger airdrop but with a 1 year vesting period.

The total supply will be 23,370,186,853 at the time of this writing. They had a pre-sale for eligible participants at $0.082, which means a $1.9B fully diluted market cap (FDV). That's a little high for my taste although I've seen worse, assuming they have between 1M and 2M wallet holders, I'd say that should be priced at less than $20B once they fully execute on their roadmap. So, what will be the listing price itself? I'm guessing $0.10 which means a $2.3B FDV, which means 5X to 10X potential growth as the bull run goes into full bull. Not necessarily bad but I have a feeling a lot of airdrop farmers will be gone soon after they receive their airdrop, so I think the actual number of users will shrink a lot before it starts climbing again. Speculators always outnumber real users, so I don't know how many people are actually serious at encrypting their assets and transactions. I would guess maybe 20K users will actually use the service at first, which would price a FDV closer to $200M.

I feel there is a way too much tokens getting unlock at TGE itself (8B tokens), it will be a bit hard to overcome that sell pressure (potentially $800M). I don't know how much money they have accumulated, but if people start selling in masses and overcome the buy pressure, panic selling may starts to set in and that would be a bloodbath. I wouldn't be surprised to see the token price tank, but I don't know what is the size of the liquidity pools on DEX, and the liquidities available for market making on CEX, yet I highly doubt it can absorb $800M. If the price drop to $0.01 I will start to DCA in because it is still a great project.

As well, I've never been a fan of seeing the team fully vesting their token within 36 months. There are better ways to manage this to reduce sell pressure, using resistance in the price structure instead.

In summary, I'm expecting a listing price around $0.10. I'll start to DCA on the way down below $0.01. I believe the top price could reach $1.16 at the peak of the bull run in 2025.

[Data Ownership Protocol - DOP](dop.org) tokenomics model is not as interesting as their technological solution but I'd still expect a 5X-10X from the current valuation. The valuation at launch is pretty high, but let's crunch the numbers.

The airdrop is under way for those who participated in the test network tasks. I did get an allocation but it is nothing to write about, although for the time invested I guess it was ok, but nothing exceptional that I would want to write about. Since the token is on the main Ethereum network with very high transaction fee, I'm not even claiming my airdrop just yet until I see what final price once it starts trading. At this point in time, I would have made about $50... 545,000 participants received that airdrop. I would have preferred to get a bigger airdrop but with a 1 year vesting period.

The total supply will be 23,370,186,853 at the time of this writing. They had a pre-sale for eligible participants at $0.082, which means a $1.9B fully diluted market cap (FDV). That's a little high for my taste although I've seen worse, assuming they have between 1M and 2M wallet holders, I'd say that should be priced at less than $20B once they fully execute on their roadmap. So, what will be the listing price itself? I'm guessing $0.10 which means a $2.3B FDV, which means 5X to 10X potential growth as the bull run goes into full bull. Not necessarily bad but I have a feeling a lot of airdrop farmers will be gone soon after they receive their airdrop, so I think the actual number of users will shrink a lot before it starts climbing again. Speculators always outnumber real users, so I don't know how many people are actually serious at encrypting their assets and transactions. I would guess maybe 20K users will actually use the service at first, which would price a FDV closer to $200M.

I feel there is a way too much tokens getting unlock at TGE itself (8B tokens), it will be a bit hard to overcome that sell pressure (potentially $800M). I don't know how much money they have accumulated, but if people start selling in masses and overcome the buy pressure, panic selling may starts to set in and that would be a bloodbath. I wouldn't be surprised to see the token price tank, but I don't know what is the size of the liquidity pools on DEX, and the liquidities available for market making on CEX, yet I highly doubt it can absorb $800M. If the price drop to $0.01 I will start to DCA in because it is still a great project.

As well, I've never been a fan of seeing the team fully vesting their token within 36 months. There are better ways to manage this to reduce sell pressure, using resistance in the price structure instead.

In summary, I'm expecting a listing price around $0.10. I'll start to DCA on the way down below $0.01. I believe the top price could reach $1.16 at the peak of the bull run in 2025.

Crypto Rookies

DOP is an Ethereum protocol enabling user-controlled selective disclosure of on-chain data. Currently, blockchains like Ethereum require full public transparency of user data like account balances and transaction history. DOP gives users flexibility to choose what information they wish to share publicly versus keep private. For example, users could showcase owned NFTs publicly while obscuring account balances and transaction patterns.

This selective visibility leverages cryptographic techniques like zero-knowledge proofs and ECDSA signing. DOP also enables seamless interoperability with Ethereum dApps, unlocking DeFi while still allowing privacy controls. The native DOP token aligns incentives around platform growth and governance. By empowering user-owned data, DOP pioneers a new era of selective transparency for blockchains - balancing flexibility and accountability.

RayRay

In examining the technological landscape of L2 solutions, it is evident that zk proofs (ZKPs) are commonly employed to enhance privacy. However, prevailing L2 privacy options grapple with significant drawbacks. Notably, the reliance on centralized sequencers introduces a potential single point of failure, raising concerns about the security of funds. Additionally, the absence of fraud proofs to validate L2 transaction records also poses a notable risk for users engaged in rollup transactions.

This is where I love the technology behind Data Ownership Protocol.

DOP distinguishes itself through a unique approach to privacy, opting for selective transparency instead. The platform enables users to share only the data they are comfortable with, empowering individuals to exercise control over the extent of information shared.

A very different method from the conventional L2 and L1 solutions currently out there. DOP's has taken the decision to build directly on top of Ethereum as a dApp. This strategic choice offers several advantages:

1)	Enhanced Data Control and Options: Building on Ethereum provides a broader scope for "data control" and more flexible options.
2)	Potential for Increased Privacy: Users have the option to maintain greater privacy if they choose.
3)	Data Control on the Ethereum Mainnet: Users retain control over their data without the need for bridging to other networks.
4)	Direct Access to ETH Liquidity: DOP users can leverage liquidity on the Ethereum network without compromising privacy.
5)	Seamless Transition to "Data Control" Mode: Transitioning from Ethereum or the EVM into a "data control" mode is facilitated more smoothly compared to L2 solutions.

Contrary to the predominant focus on privacy in the L2 and L1 space, DOP prioritizes user and data control. The emphasis is on allowing individuals to manage what information they share, with whom, and when. DOP's decentralized approach, as a dApp on Ethereum, stands out to me as a more secure and decentralized alternative to the traditional L2 solutions. As I mentioned in my micro review I believe DOP's technology offers a promising balance between openness and asset safeguarding. This innovative approach could significantly reduce the likelihood of users becoming targets for hacks or, more alarmingly, kidnappings - a real use case that I am sure that a lot of crypto users like myself would gladly opt for.

Jeppopo

Vitalik Buterin recently collaborated on a research paper exploring the nuanced intersection of privacy & regulatory compliance within the crypto realm. The paper, accessible here (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4563364), delves into Buterin's pursuit of equilibrium between privacy considerations and adherence to regulatory frameworks. Notably, he introduces the concept of 'privacy pools' as a potential solution to these challenges.

In response to Buterin's thought provoking paper, the Data Ownership Protocol project has emerged. DOP, a great name I believe as it does exactly what it says on the tin, aims to tackle the issues outlined by Buterin by empowering users to exercise control over how much info in your crypto wallet’s content you share and with whom. Unlike most projects that emphasize privacy, DOP introduces a transparency option that users can manage according to their preferences.

This project is still in its very beginning stages, however this is an idea which I would definitely use and opt for with my own holdings. I like the transparency of what blockchain can provide but it can sometimes come at a cost of making oneself a target. This project may have found the balance between openness and safeguarding one's assets.

I am keen to observe the evolution of the DOP.  The solution it proposes aligns closely with the sentiments expressed in Vitalik's paper and the potential synergy between the two warrants close attention in my opinion.

Vitalik Buterin recently collaborated on a research paper exploring the nuanced intersection of privacy & regulatory compliance within the crypto realm. The paper, accessible here (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4563364), delves into Buterin's pursuit of equilibrium between privacy considerations and adherence to regulatory frameworks. Notably, he introduces the concept of 'privacy pools' as a potential solution to these challenges.

In response to Buterin's thought provoking paper, the Data Ownership Protocol project has emerged. DOP, a great name I believe as it does exactly what it says on the tin, aims to tackle the issues outlined by Buterin by empowering users to exercise control over how much info in your crypto wallet’s content you share and with whom. Unlike most projects that emphasize privacy, DOP introduces a transparency option that users can manage according to their preferences.

This project is still in its very beginning stages, however this is an idea which I would definitely use and opt for with my own holdings. I like the transparency of what blockchain can provide but it can sometimes come at a cost of making oneself a target. This project may have found the balance between openness and safeguarding one's assets. 

I am keen to observe the evolution of the DOP.  The solution it proposes aligns closely with the sentiments expressed in Vitalik's paper and the potential synergy between the two warrants close attention in my opinion.

The Data Ownership Protocol (DOP) introduces a novel approach to privacy on the Ethereum blockchain through selective transparency enabled by zero-knowledge proofs (ZKPs). Let's dive into the technical underpinnings of DOP

Core Architecture:

ZK-SNARKs (Zero-Knowledge Succinct Non-interactive Arguments of Knowledge): DOP relies on SNARKs for privacy-preserving verification. Users prove possession of cryptographic keys and validity of transactions without revealing underlying data. Think of it as showing a closed box containing the data and proving its contents without opening it.

Privacy-Enhancing Multi-Signatures (PMS): DOP utilizes multi-signature wallets where specific parties must jointly sign transactions for validity. This enables customizable control over who can access and validate your data.

Decentralized Threshold Relays (DTRs): DTRs handle off-chain computations for SNARK proofs, safeguarding against centralization and potential collusion. Think of them as distributed computing nodes processing your secrets without access to the actual data.

The Data Ownership Protocol (DOP) introduces a novel approach to privacy on the Ethereum blockchain through selective transparency enabled by zero-knowledge proofs (ZKPs). Let's dive into the technical underpinnings of DOP 

Core Architecture:

ZK-SNARKs (Zero-Knowledge Succinct Non-interactive Arguments of Knowledge): DOP relies on SNARKs for privacy-preserving verification. Users prove possession of cryptographic keys and validity of transactions without revealing underlying data. Think of it as showing a closed box containing the data and proving its contents without opening it.

Privacy-Enhancing Multi-Signatures (PMS): DOP utilizes multi-signature wallets where specific parties must jointly sign transactions for validity. This enables customizable control over who can access and validate your data.

Decentralized Threshold Relays (DTRs): DTRs handle off-chain computations for SNARK proofs, safeguarding against centralization and potential collusion. Think of them as distributed computing nodes processing your secrets without access to the actual data.

Crypto Gad

DOP in a Nutshell: Selective Transparency meets Ethereum

I did an extensive research on DOP and i am really impressed by what the team is building.

DOP's core is Zero-knowledge proofs for controlled transparency on Ethereum. You choose what crypto assets and transactions you reveal, not the blockchain. Think privacy curtains for your digital life.

Potential Perks:
Enhanced privacy: Keep sensitive data hidden while proving ownership and validity.

Customizable transparency: Share exactly what you want, when you want. No more all-or-nothing exposure.

Interoperability: Works seamlessly with existing Ethereum tools and dApps.

DOP offers a promising take on data ownership and privacy, but proceed with cautious optimism. Watch its development and see if it becomes the digital blinds you've been waiting for.

Data Ownership Protocol is building something I haven't seen before using zero knowledge proof technology. You can encrypt your digital assets in your wallet so that other users cannot find out what and how much you own. As well, you can send and receive encrypted assets which will not be able to be identified by other users. That's very useful to prevent hackers from targeting someone.

Imagine you go to a store and they accept payment in crypto, because your wallet address will be seen, the cashier could see how many millions of dollars is in your wallet, and he could call out his buddies to come kidnap you... That wouldn't happen with DOP.

There is not much information about tokenomics yet, as they are pre-launch, but in the meantime potential users can qualify for a airdrop using this link: https://doptest.dop.org/id=YEbwKET. Since all the tasks are done on testnet it basically cost nothing to do them, the only problem is the permission requested for the twitter step is really aggressive, I believe it was just a mistake by the team, and they don't have ill intentions, but at worst you may have to consider creating a new twitter account to qualify for that airdrop.

Regardless, it is a very interesting piece of technology, and I intend on using it to encrypt data on metamask and other of my wallets.

[Data Ownership Protocol](https://dop.org) is building something I haven't seen before using zero knowledge proof technology. You can encrypt your digital assets in your wallet so that other users cannot find out what and how much you own. As well, you can send and receive encrypted assets which will not be able to be identified by other users. That's very useful to prevent hackers from targeting someone. 

Imagine you go to a store and they accept payment in crypto, because your wallet address will be seen, the cashier could see how many millions of dollars is in your wallet, and he could call out his buddies to come kidnap you... That wouldn't happen with DOP.

There is not much information about tokenomics yet, as they are pre-launch, but in the meantime potential users can qualify for a airdrop using this link: [https://doptest.dop.org/id=YEbwKET](https://doptest.dop.org/id=YEbwKET). Since all the tasks are done on testnet it basically cost nothing to do them, the only problem is the permission requested for the twitter step is really aggressive, I believe it was just a mistake by the team, and they don't have ill intentions, but at worst you may have to consider creating a new twitter account to qualify for that airdrop.

Regardless, it is a very interesting piece of technology, and I intend on using it to encrypt data on metamask and other of my wallets.

Data Ownership Protocol DOP

Zero-knowledge privacy protocol