On 29th July, Binance announced the listing of Dock [DOCK] on its platform. Dock, ranked #216 in the cryptocurrency market, is a currency that was built to solve the problem of data hoarding through the blockchain technology.
Binance’s official page stated:
“Binance will open trading for DOCK/BTC and DOCK/ETH trading pairs at 2018/07/30 10:00 AM (UTC). Users can now start depositing DOCK in preparation for trading.”
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%.
Dock.io’s native currency DOCK was launched earlier this year. This concept is based on 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.