What Is DIA?
DIA is a governance token of the DIA crypto project. The token is based on an ERC-20 model. The DIA price tends to fluctuate based on various factors affecting the market.
Besides, the max supply of DIA is 200 million tokens. Almost half of the tokens (91.5 million) are locked in the reserve of the company. These tokens will be released in small portions from time to time over the next 10 years. The remaining portion of the tokens was either sold, burned, or given to the early investors.
Talking about the DIA crypto platform itself, it’s an oracle network that acts as a tool for data sourcing, supplying, and sharing. Essentially, DIA offers a trustworthy link between off-chain data from multiple sources and on-chain smart contracts. To put it more simply, the main goal of DIA is to become a Wikipedia portal for financial data.
According to the plans of the DIA platform, DIA crypto assets will be rewarded daily through Proof-of-Use and Proof-of-Truth mechanisms to the smart contracts that use DIA oracles.
Who Created DIA?
Quite a few people worked together to create the DIA project. However, Paul Claudius (lead advocate or CBO), Michael Weber (associate president), and Samuel Brack (CTO) are the main contributors. Paul Claudius is the public face of the DIA project. Besides, all three of them also work with the BlockState project.
The Usage of the DIA Tokens
Even though DIA is a governance token, it has other use cases apart from granting access to the project’s governance. These cases include:
- Data collection funding
- Data validation funding
- Rewarding platform developers
Besides, by locking their DIA tokens in an interest yield contract, holders can generate yield in DIA coins.
If you want to buy DIA tokens, keep in mind that price fluctuations are unavoidable. Therefore, it would be useful to analyze the DIA price graph placed above before making any purchase decisions.
