DIA

What is the token?

Decentralized Information Asset, abbreviated as DIA, is an open-source oracle platform on the blockchain for the DeFi sector, collecting and authenticating financial data. It connects off-chain data sources with on-chain smart contracts, supporting the development of financial DApps. The DIA token plays a key role in governance, rewarding data providers, and incentivizing validators within its ecosystem.

Tokenomics

• Total Supply

• : 200 million DIA tokens.

• Token Distribution

• : Includes allocations for the team, ecosystem development, and staking rewards.

• Staking

• : DIA tokens can be staked to earn rewards and participate in governance.

• Governance

• : Token holders can propose and vote on changes to the platform.

Market Data

As of today #{today’s date}, the price of DIA is ₹34.72 INR or 0.3754 USD, with a 24-hour trading volume of 5013106.79 USD. The market capitalization for DIA is 41582012.45USD. The circulating supply is 110617604 DIA, with the total supply also being 168817248 DIA.

Token Pros and Cons

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• Transparency

• : DIA’s open-source nature ensures transparency in data provision and validation.

• Community Governance

• : Token holders have a say in the project’s development and governance.

• Cross-Chain Functionality

• : DIA oracles are available on over 50 blockchains, enhancing interoperability.

• Incentivization

• : The ecosystem rewards participants for contributing and validating data.

• Data Variety

• : Supports a wide range of assets and data types across DeFi, NFTfi, and GameFi.

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• Market Volatility

• : As with all cryptocurrencies, DIA’s price is subject to market volatility.

• Regulatory Risks

• : Changes in regulatory landscapes could impact DIA’s operations.

• Complexity

• : The technical nature of oracles and data validation may deter less tech-savvy investors.

• Competition

• : Faces competition from other oracle services and data platforms.

• Adoption Rate

• : The success of DIA is contingent on widespread adoption within the DeFi ecosystem.

Why Should You Invest in the Coin?

• Growing DeFi Sector

• : DIA is well-positioned in the expanding DeFi market, which could drive demand for its services.

• Decentralized Governance

• : The DAO structure allows for community-driven evolution and decision-making.

• Data Integrity

• : DIA’s commitment to transparent and validated data may increase trust and usage.

• Strategic Partnerships

• : Backed by notable venture capital funds and partnerships, which could foster growth.

• Innovative Technology

• : The platform’s ability to provide on-chain randomness and cross-chain data feeds is a technical edge.

USP of the coin

• Customizable Oracles

• : DIA offers fully customizable data feeds, allowing users to tailor data according to their needs.

• Cross-Chain Availability

• : DIA’s oracles are operational on a vast number of blockchains, making it highly versatile.

• Community-Driven Development

• : Leveraging the power of its community for scaling product development and growth.

Problem the coin is solving

DIA addresses the issue of opaque and centralized data sources in financial markets by providing a decentralized, transparent, and verifiable system for sourcing and validating data, which is crucial for the integrity of smart contracts and the overall DeFi ecosystem.

Founder and team background

The DIA team was co-founded by Michael Weber, Paul Claudius, and Samuel Brack. Weber handles Finance and Legal operations, Claudius manages strategic partnerships and business development, and Brack leads Tech and Development. They bring a mix of entrepreneurship, finance, and technology expertise to the project.

ICO Price

• ICO Date:

• The Initial Coin Offering for DIA took place from August 3 to August 18, 2020.

• ICO Price:

• The price of DIA during the ICO was $0.67 USD per token.

• Total Raised:

• DIA raised a total of $30 million USD during its funding rounds.

• Public Sale:

• The public sale accounted for $15 million USD, which was 50% of the total funds raised.

• Tokens For Sale:

• There were 10,000,000 DIA tokens available for sale during the ICO.

• Return on Investment (ROI):

• The ROI from the ICO price was 0.98x in USD terms, indicating a slight decrease from the initial offering price.

• All-Time High (ATH) ROI:

• The all-time high return on investment for DIA was 8.58x, which is a significant increase from the ICO price.

• Lock-up Period:

• There was a lock-up period where tokens were locked until 4 am CEST on August 1, details of which are not fully visible in the provided snippet.

Risks Associated in Investing in the Coin

• Liquidity Risk

• : The availability of buyers and sellers can affect the ability to trade DIA tokens.

• Smart Contract Risk

• : Potential vulnerabilities in smart contracts could be exploited.

• Competitive Market

• : The presence of established competitors could limit DIA’s growth.

• Dependence on Adoption

• : The utility of DIA tokens is tied to the platform’s adoption rate.

• Technological Obsolescence

• : Rapid advancements in technology could render DIA’s solutions outdated.

Whitepaper Insights

The DIA whitepaper outlines the project’s mission to democratize financial data by leveraging blockchain technology to create a transparent, open-source, and community-validated data platform. It details the problems with current centralized data providers, such as lack of transparency, high costs, and potential manipulation, and presents DIA as a solution that uses crypto-economic incentives to encourage the sourcing and validation of data by a decentralized community.

The whitepaper explains the technical architecture of the DIA platform, including how data is sourced from various on-chain and off-chain exchanges and validated through community consensus. It also describes the governance model, which allows DIA token holders to participate in decision-making processes, propose changes, and vote on the direction of the platform.

Furthermore, the document covers the tokenomics of DIA, including the total supply, distribution strategy, and the role of the DIA token within the ecosystem. It emphasizes the importance of the DIA token in incentivizing data providers and validators, as well as in governing the platform.

The whitepaper also addresses the potential use cases for DIA, such as in DeFi applications, prediction markets, and other financial services that require reliable and transparent data. It outlines the project’s roadmap, detailing the steps towards achieving full decentralization and becoming a DAO by 2025.

In summary, the DIA whitepaper presents a comprehensive vision for a decentralized financial data platform that empowers users and contributes to the integrity and efficiency of the DeFi ecosystem. It provides a detailed explanation of the project’s goals, technology, and economic model, aiming to establish DIA as a key player in the future of finance.