Binance announced the listing of Dock. The ranked 216 coin solves the problem of data hoarding through the blockchain technology.
Dock was launched earlier this year, based on the Ethereum blockchain and is built in such a way that investors can have complete control over the data and can exchange it on different applications. This is done through data encryption and an incentivized token model.
According to their official website, the core value of all consumer-facing app is user data which can be mined and produced by centralized platforms for their own agendas. This makes control to be rested with a few companies.
On the other hand, Dock focuses on sharing this value directly between the user and the app without the need for a third party which makes the whole network more well connected and decentralized.
Starting 23rd July, DOCK showed minor changes in its pattern, until the 30th of July where its price shot up from $0.05 to $0.07 in just 15 minutes and its volume also showed a significant hike from $600,819 to $1,731,940 within a matter of few minutes. Dock hiked by 34.69% after the announcement and a total of 69.07% over the past 7 days.
According to CoinMarketCap, at the time of writing, Dock is trading at $0.077 with a market cap of about $30 million. In the past 24 hours, it has seen a hike of 56.74%.
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