Decentralized Information Asset (DIA) is an end-to-end oracle solution focusing on Web3. Its open-source codebase allows developers to freely contribute and make changes. Moreover, the platform is compatible with all significant Layer 1 and Layer 2 networks, enabling seamless integration and interoperability.
What is Decentralized Information Asset?
Decentralized Information Asset is an ecosystem that enables market participants, such as decentralized finance (DeFi) service providers and decentralized application (DApp) developers, to utilize, supply, and share transparent on-chain and off-chain data. It functions as a blockchain-powered data library, offering reliable and crowd-verified oracles for various financial insights, similar to a decentralized information hub like "Wikipedia."
One of the key advantages of the platform is its ability to provide credible data reserves to over 30 networks, including Layer 1 and Layer 2 solutions. DIA has already established price feeds for over 3,000 cryptocurrencies and "Liquid Staked" tokens, ensuring access to accurate and up-to-date information.
The Decentralized Information Asset team
The Decentralized Information Asset team was established in 2018 and was co-founded by Samuel Brack, Michael Weber, and Paul Claudius. Brack serves as the acting Chief Technical Officer (CTO), while Weber holds the Chief Executive Officer (CEO) position. Claudius plays a key role as the lead advocate and a board member of the DIA team.
The project has received backing from several venture funds, including Continue Capital, TRG Capital, and Outlier Ventures. These partnerships provide valuable support and resources for the project's development and growth.
How does Decentralized Information Asset work?
Decentralized Information Asset works by sourcing, validating, and sharing data for financial applications. Its unique architecture allows for the aggregation and sourcing of data from various centralized exchanges (CEXs), decentralized exchanges (DEXs), and non-fungible token (NFT) marketplaces.
Developers on chains such as Avalanche (AVAX), Fantom (FTM), Solana (SOL), Polygon (MATIC), and others can access the verified data oracles provided by Decentralized Information Asset.
In addition, Decentralized Information Asset introduces a DeFi-specific functionality called On-Chain Randomness, which enables developers to work with unpredictable smart contracts. This is particularly useful for applications like prediction markets, trading platforms, etc. On-chain randomness helps create ecosystems where trades, transaction orders, and other tasks are initiated randomly, adding an element of unpredictability.
DIA: Decentralized Information Asset’s native token
DIA, the native ERC-20 token of the Decentralized Information Asset ecosystem, serves multiple purposes. It is primarily used for platform governance, incentivizing validators, and rewarding data providers. Additionally, DIA tokens can be used as a form of payment within the ecosystem.
The maximum supply of DIA tokens is set at 200 million. However, the total supply is currently restricted to around 169 million tokens due to a token-burning mechanism implemented by the project. Staking DIA is a straightforward process. Users can access the app, connect their ERC-20 wallet, select the desired amount of tokens to stake, and begin staking. Third-party staking pools are also available, catering to both CEXs and DEXs.
Distribution of DIA
DIA distribution is as follows:
- 5 percent was allocated for the private sale initiative.
- 9.8 percent is assigned to advisors and early investors.
- 15 percent was allocated to the Bonding Curve sale event.
- 12 percent is reserved for the team and founders.
- 12.5 percent is committed to ecosystem development.
- 45.7 percent is kept as company reserves with a 10-year vesting period.
