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About DIA
Key Points
- DIA (Decentralised Information Asset) is an open-source oracle platform for financial data.
- The project was founded in 2018, with a token supply of 200 million coins minted.
- 10.2 million tokens were sold during the bonding curve sale in August 2020.
- The founders are Paul Claudius, Michael Weber, and Samuel Brack.
- DIA aims to become the “Wikipedia of financial data” by incentivizing users to provide validated data streams.
- The DIA governance token is used for funding data collection, validation, and governance decisions.
- The total token supply is divided among private sale, early investors
About DIA: Empowering Decentralized Oracles
Introducing DIA: A Decentralized Oracle Platform
DIA (Decentralised Information Asset) is an open-source oracle platform that empowers market participants to source, supply, and share trustworthy data with unparalleled reliability. By fostering an ecosystem for open financial data within a financial smart contract ecosystem, DIA brings together data analysts, data providers, and data users in a synergistic environment. Ultimately, DIA provides a secure and verifiable bridge between off-chain data from diverse sources and on-chain smart contracts, thereby enabling the development of a wide range of innovative financial DApps.
DIA is the governance token of the platform, presently built upon the ERC-20 Ethereum protocol.
Established in 2018, the project’s token supply was made accessible to the general public through a bonding curve sale, which took place from August 3 to August 17, 2020, resulting in the sale of 10.2 million tokens.
The Visionaries Behind DIA: Meet the Founders
The DIA association was co-founded by a coterie of twelve visionaries, with Paul Claudius, Michael Weber, and Samuel Brack at the helm.
Claudius is the visionary face of the project and its chief advocate, often referred to as the Chief Business Officer (CBO). Holding a Master’s degree in International Management from the esteemed ESCP Europe and a Bachelor’s degree in Business and Economics from Passau University, he brings a wealth of knowledge to the table. In addition to his work on DIA, he is also the co-founder and CEO of BlockState AG and c ventures. Prior to venturing into the crypto sphere, he held the position of Director at nu3, a nutrition company.
Michael Weber, the visionary founder of DIA, also serves as the Association’s President. He boasts an impressive academic background, holding degrees in management from the esteemed ESCP Business School and economics and physics from the University of Cologne, Germany.
Prior to venturing into the realm of cryptocurrency, he accumulated a wealth of experience in the traditional financial sector, having worked with numerous banks and financial institutions. Notably, he went on to establish several innovative projects, including Goodcoin, myLucy, and BlockState.
Samuel Brack assumes the role of Chief Technology Officer (CTO) at DIA, a position he also holds at BlockState. Holding a master’s degree in computer science from Humboldt University of Berlin, he is currently pursuing his PhD at the same institution, as of January 2020.
DIA’s Distinctive Edge: Unparalleled Data Intelligence
DIA aspires to become the Wikipedia of financial data, tackling the pervasive issue of outdated, unverified, and inaccessible information in the realms of finance and cryptocurrency, particularly in the DeFi sphere. By introducing a system of financial incentives, DIA encourages users to contribute to the continuous flow of open-source, validated data streams, thereby ensuring the oracles remain operational. The current design of oracles, according to DIA, is plagued by a lack of transparency, scalability issues, and vulnerability to attacks.
The DIA governance token serves as a multifaceted utility, facilitating the funding of data collection, validation, and governance decision-making processes. Additionally, it incentivizes the development of the platform. By staking DIA tokens, users can encourage the emergence of new data on the platform, while access to historical data remains freely accessible through DIA.
What Is the Circulating Supply of DIA Tokens?
The total DIA token supply is capped at 200 million coins, with a predetermined distribution framework in place. Initially, 10 million tokens were privately sold, while 19.5 million were allocated to early investors and advisors, with Outlier Ventures being the largest beneficiary. A bonding curve sale was conducted in August 2020, offering 30 million coins, of which 10.2 million were purchased by the public, and the remaining 19.8 million were subsequently burned. The founders and team have been allocated 24 million tokens, subject to a 29-month vesting period. Furthermore, 25 million tokens have been reserved for future development of the DIA ecosystem. The company’s reserve holds 91.5 million DIA tokens, which will be unlocked in equal installments over a 10-year period, commencing every December. Notably, following a community vote, half of the first unlocked tranche was instantly burned.
It is envisioned that smart contracts leveraging DIA oracles will receive DIA Governance Tokens on a daily basis, facilitated by innovative “proof-of-use” and “proof-of-truth” mechanisms.
The DIA Network’s Robust Security Framework: A Comprehensive Overview
DIA is a standard ERC-20 token, inherently tied to the Ethereum network, which it leverages for functionality. As a result, DIA inherits the strengths and weaknesses of Ethereum, a decentralized network fortified by the robust Ethash proof-of-work function. The ERC-20 protocol merely outlines a set of guidelines for tokens to operate seamlessly on the Ethereum blockchain. However, the drawbacks of Ethereum are noteworthy: congestion, for instance, can drive up the cost of gas required to execute transactions, resulting in delays and exorbitant transaction fees that affect all stakeholders.
Where to Acquire DIA (DIA) Tokens?
DIA is a freely tradable token, offering a diverse range of trading pairs, including BTC, USDT, and ETH. The token is currently listed on several prominent exchanges, with Binance, OKEx, HBTC, Bidesk, and BiKi being the top platforms for trading DIA. For a comprehensive list of exchanges, please visit our dedicated crypto exchanges page.
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