DIA provides a reliable and verifiable bridge between off-chain data and Smart Contracts, allowing these Smart Contracts to use these resources to build a variety of Dapps.
What is DIA?
As mentioned above, DIA is a blockchain protocol in the field of data provision and management (Oracle). This protocol allows market makers to source, provide and share reliable data.
DIA does not directly create the data, they will let the community participate in the provision, management and evaluation of the data. DIA encourages everyone to do this through Incentives for Stakeholders. Simply put, the DIA is like Wikipedia in this regard.
DIA's goal is to bring together data providers, analysts and users, creating a trusted and verifiable bridge between off-chain data and on-chain smart contracts. From there, it can be used to build a variety of decentralized financial applications.
Highlights of DIA
- DIA can source any type of data on-chain or off-chain.
- The DIA can source the right data using customizable methods and sources.
- The DIA feed can be used on any network or application.
- The feed is open source and extremely transparent.
How DIA works can be divided into 5 parts:
- Data request: Stakeholders look for a specific dataset that has not been published on the DIA platform.
- Data submission: Data providers connect to APIs or data on-chain to provide the requested data.
- Validation: Data analysts verify the submitted code through the Staking mechanism.
- Data storage: Validated data is stored in an open source, immutable database and published on the DIA platform.
- Usage: Access data through oracles (on-chain) or through API (off-chain).
Token DIA
Key Metrics token DIA
- Token Name: DIA
- Ticker: DIA
- Blockchain: Ethereum
- Token Standard: ERC-20
- Decimals: 18
- Contract: 0x84ca8bc7997272c7cfb4d0cd3d55cd942b3c9419
- Token type: Utility, Governance
- Total Supply: 200,000,000 DIA
- Circulating Supply: 60,074,878 DIA (January 27, 2022)
Allocate DIA . tokens
- Association Reserve: 45.7%
- Bonding Curve Distribution: 15%
- Ecosystem Token Pool: 12.5%
- Team Tokens: 12%
- Existing backers: 9.8%
- Private Sale: 5%
Token Sales
DIA organizes the sale of Tokens through 2 main forms:
- Bonding Curve Distribution: The function of buying and selling is done through Smart Contract, the token price will increase when purchased from the contract and decrease when resold. Initial selling price in Token Bonding Curve Offerings is 0.05 USD.
- Private Sale: 10 million DIA tokens sold and locked until the end of the Bonding Curve Distribution.
Token Use Cases
DIA tokens are used for the following purposes:
- Participate in voting and governance
- Buy data
- Exchange of DIA tokens and data between data providers and data searchers
- Stake DIA tokens to incentivize better Oracle with computational methods and methodologies
Team, investors and partners
Team
DIA's team can mention some of the following prominent names:
- Michael Weber – Finance, Legal: Founded Bonsum & Goodcoin in 2014 (a blockchain-powered loyalty solution and created the first quality “Good” digital currency, successfully resold in 2014. 2016). Michael has extensive experience in data analytics and deep knowledge of the financial world. Michael is the president of DIA, his vision is to create Wikipedia of financial data.
- Paul Claudius – Business development: Formerly European Regional Director of Nu3 Group, has experience in consulting and investing in many startups in the fields of healthcare, IoT and e-commerce. At DIA, he manages business development and strategic partnerships.
- Samuel Brack – Tech, Development: Samuel is a cryptocurrency and cybersecurity expert who studies privacy, digital currencies, and distributed systems. He holds a Bachelor and Master of Science in Computer Science from Humboldt University Berlin and is currently pursuing a Ph.
Investors
The DIA project is invested by investment funds: ZBS CAPITAL, TRGC, Outlier Ventures, Jun Capital.
Partner
DIA is a project working in the field of data provision and management, so it has cooperated with many partners. You can refer to the detailed partners on the project website as follows:
Roadmap
Q3-Q4/2021
- Continue the plan to list exchanges, increase liquidity volume, increase the number of users
- Real data is continuously fed into the system
- Valuations over 1000 asset classes
- Become one of the largest Oracles platforms
- Continue to expand the system by opening new funds
Q1/2022
- Distributing all system governance tokens
- Updating…
Conclude
DIA is a potential project in the Oracles segment to help provide off-chain data to blockchain or smart contracts (on-chain). Given the importance and necessity of this field for the Defi market, Chainlink alone is not enough to cover the entire market. Therefore, DIA is trying to reach out, compete with the big players in the same industry and further capture market share.