DOVU is a unique cryptocurrency platform that has been designed as a crypto model for the mobility ecosystem. It is a protocol focused on transport to improve and speed up the development of decentralized apps that are related to mobility. It can help create innovative business models in the transportation sector. The blockchain technology is designed to verify values that are independently contributed by individuals and corporates. That’s why everyone contributing to the system can expect to be justly rewarded for their efforts.
The first decentralized app built on the DOVU platform is Marketplace. It keeps together the various elements of payment and the data and offers users a truly transformative experience. The Marketplace simplifies access to data and fast tracks the integration of various data points through APIs. The DOV token emphasizes the quality of the decentralization apps that are focused on transport. DOV tokens can be earned by contributing to the quality of the system. This peer-reviewed feedback is the best way of improving the efficiency of the platform according to experts.
The DOVU Protocol has a way of empowering and acknowledging data owners and of controlling access to the data shared. Profits accrue in the form of DOV tokens. Data providers that include those who create APIs for reselling of data can outline Smart Contracts and draft the terms and conditions for selecting the level of rewards. This is a major shift from the usual practice of total and unquestioned acceptance of terms and privacy policies that allow organizations to use and resell data without any restrictions and controls. The likelihood of misuse of data is high in such cases which can be easily avoided with DOVU Protocol.
The DOV token is central to the DOVU system. It’s the unit of value that helps the developers in creating the circular economy that can connect consumers to data providers and the other way round. Every transaction on the platform can be done only with the use of DOV tokens.
Using the DOV token offers a number of benefits for businesses that they cannot possibly enjoy by creating their personal tokens. By adapting a tried and tested existing payment system, the cost of development can be lowered. Also, the barriers to adoption of a currency by the end users will be significantly low if a stable and established payment system is offered.
The total supply of DOVU stands at 963,761,390 while the circulating supply figures are 63,761,400. The DOVU market cap is $7,566,438 and it is trading currently at $0.118668.
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