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What Is DIA (DIA)?

DIA ( Decentralised Information Asset ) is an open-source oracle platform that enables marketplace actors to source, supply and plowshare trustable data. DIA aims to be an ecosystem for afford fiscal data in a fiscal bright abridge ecosystem, to bring in concert datum analysts, data providers and data users. In general, DIA provides a reliable and confirmable bridge between off-chain data from respective sources and on-chain fresh contracts that can be used to build a diverseness of fiscal DApps. DIA is the administration token of the platform. It is presently based on ERC-20 Ethereum protocol. The visualize was founded in 2018, while the token supply was made available to the populace during the bond curve sale from Aug. 3 through Aug. 17, 2020, where 10.2 million tokens were sold .

Who Are the Founders of DIA?

The DIA affiliation was co-founded by a group of a twelve people, though Paul Claudius, Michael Weber and Samuel Brack are the leaders.

Claudius is the front of the project and its moderate preach, sometimes besides mentioned as a CBO. He has a masters degree in international management from ESCP Europe and a bachelors in clientele and economics from Passau University. Apart from working on DIA, he is besides a co-founder and CEO of BlockState AG and hundred ventures. Before crypto, he had worked as conductor for a nutrition caller called nu3. Michael Weber is DIA ‘s Founder and Association President. He holds degrees in management from ESCP Business School and an economics and physics from University of Cologne, Germany. He has worked in several banks and fiscal institutions before turning to crypto, where he founded such projects as Goodcoin, myLucy and BlockState. Samuel Brack serves DIA in the function of CTO. Like both Claudius and Weber, he shares the lapp position at BlockState. He has a masters degree in calculator skill from Humboldt University of Berlin, where as of January 2020, he is silent studying for his PhD .

What Makes DIA Unique?

DIA aims to become the Wikipedia of fiscal data. It specifically addresses the trouble of dated/unverified/hard to access data in the populace of finance and crypto, specially DeFi, while proposing to solve it viaa system of fiscal incentives for users to keep the stream of open-source, validated data streams to the oracles up and running. The current design of oracles, DIA argues, is non-transparent, unmanageable to scale and vulnerable to attack. The DIA government keepsake will be used to fund data solicitation, data establishment, voting on government decisions and to incentivize the development of the platform. Users can venture DIA tokens to incentivi ` einsteinium new data to appear on the platform, but access to diachronic data though DIA is exempt .

Check out Chainlink, a decentralize oracle network for DeFi

Tellor is another Ethereum-based prophet for DeFi and DApps What is a DAO ? New to oracles and DeFi ? Learn more with our glossary. ready for more ? Check out our blog for the latest crypto news program and insights .

How Many DIA (DIA) Tokens Are There in Circulation?

The total DIA keepsake issue is limited with 200 million coins minted. 10 million tokens were initially sold at a private sale, 19.5 million are with early investors and advisors, Outlier Ventures being the largest. 30 million coins were offered for a bonding curl sale in August 2020, out of which 10.2 million were sold to the public, and the remaining 19.8 million burned. Another 24 million tokens are allocated to founders and team with a 29 calendar month vesting period, and 25 million locked for the future use for the development of the DIA ecosystem. finally, 91.5 million DIA tokens are in the company ‘s reserve to be unlocked in peer parts over 10 years every December. Out of the first unlock partially, half of the tokens were burned in an moment, after the community vote makes the decision. It is planned that fresh contracts using DIA oracles will be receiving DIA Governance Tokens on a daily basis through what they call “ proof-of-use ” and “ proof-of-truth ” mechanisms.

How Is the DIA Network Secured?

DIA is a standard ERC-20 token, meaning it requires Ethereum to function, inheriting all its strengths and weaknesses. The Ethereum network is one of the largest and thus strongest because of its decentralization, as all transactions are protected by the Ethash proof-of-work officiate. ERC-20 merely defines a stage set of rules for tokens to operate on. Downsides of Ethereum may be noticeable : for model, congestion can hike the price of gas needed to perform transactions, leading to delays and abnormally high transaction fees, which impact all participants .

Where Can You Buy DIA (DIA)?

DIA is a freely-tradable nominal. Pairs available for trading admit BTC, USDT and ETH The top exchanges for trade in DIA are presently Binance, OKEx, HBTC, Bidesk, and BiKi. You can find others listed on our crypto exchanges page. New to crypto and want to know how to buy Bitcoin ( BTC ) or any other token ? Find out the details here .

source : https://tin360.net
Category : COIN

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