About DIA Defi Coin
DIA Defi Coin (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data. DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem, to bring together data analysts, data providers and data users. In general, DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial DApps.
DIA is the governance token of the platform. It is currently based on ERC-20 Ethereum protocol. The project was founded in 2018, while the token supply was made available to the public during the bonding curve sale from Aug. 3 through Aug. 17, 2020, where 10.2 million tokens were sold.
Quick Fact About DIA Defi Coin
|DEFI Coin Name||DIA Defi Coin|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To Visit|
|Twitter Group||Click Here To Visit Twitter Group|
|Documentation||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
DIA Defi Coin DeFi applications are reliant on trustable and scalable data feeds to build reliable products and avoid exploitation and manipulation.
DIA leverages crypto-economic incentives and the wisdom of the community to source, validate and deliver trusted financial data.
What Makes DIA Unique?
DIA aims to become the Wikipedia of financial data. It specifically addresses the problem of dated/unverified/hard to access data in the world of finance and crypto, especially DeFi, while proposing to solve it viaa system of financial incentives for users to keep the flow of open-source, validated data streams to the oracles up and running. The current design of oracles, DIA argues, is non-transparent, difficult to scale and vulnerable to attack.
The DIA Defi Coin governance token will be used to fund data collection, data validation, voting on governance decisions and to incentivize the development of the platform. Users can stake DIA tokens to incentivi`e new data to appear on the platform, but access to historical data though DIA is free.
Who Are the Founders of DIA?
The DIA association was co-founded by a group of a dozen people, though Paul Claudius, Michael Weber and Samuel Brack are the leaders.
Claudius is the face of the project and its lead advocate, sometimes also mentioned as a CBO. He has a masters degree in international management from ESCP Europe and a bachelors in business and economics from Passau University. Apart from working on DIA, he is also a co-founder and CEO of BlockState AG and c ventures. Before crypto, he had worked as director for a nutrition company called nu3.
Weber is the project’s CEO. He holds a asters in management from ESCP Business School and an equivalent to a bachelors in economics and physics from University of Cologne.
He has worked in several banks and financial institutions before turning to crypto, where he founded such projects as Goodcoin, myLucy and BlockState.
Samuel Brack serves DIA in the role of CTO. Like both Claudius and Weber, he shares the same position at BlockState. He has a masters degree in computer science from Humboldt University of Berlin, where as of January 2020, he is still studying for his PhD.
DIA can source any type of on-chain and off-chain data.
From fiat currencies and fx rates to DeFi protocols and digital asset prices, DIA sources any type of data from multiple reliable sources.
DIA provides tailored data feeds with custom methodologies and sources.
DIA Defi Coin Different use cases may require different specifications of data. DIA’s feeds can be tailored to meet your specific needs.
DIA’s data feeds can be used on any network by any application.
DIA focusses on network agnostic operability. Data can easily be integrated into multiple on-chain and off-chain applications in any blockchain such as Ethereum, Polkadot or BSC.
DIA’s data feeds are open-source and fully transparent.
DIA’s code base, sources and methodologies will always be open-source and publicly available. They also meet all compliance requirements for traditional financial applications.
DIA open-source database hosts a wide range of verified data feeds off the shelf from trade level exchange data to interbank lending rates. Any customised, institutional grade data can be integrated within 72 hours.
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 function. ERC-20 merely defines a set of rules for tokens to operate on. Downsides of Ethereum may be noticeable: for example, 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 token. Pairs available for trading include BTC, USDT and ETH The top exchanges for trading in DIA are currently Binance, OKEx, HBTC, Bidesk, and BiKi. You can find others listed on crypto exchanges page. New to crypto and want to know how to buy Bitcoin (BTC) or any other token?