DIA (Decentralized Information Asset), or Decentralized Information Asset, is an oracle network that provides reliable, cross-chain data to market participants.
What is DIA?
DIA is an open source financial information platform for both centralized and DeFi applications that leverages crypto-economic incentives to source and verify data. DIA was founded by a group of people like Paul Claudius, Michael Weber and Samuel Brack. The DIA project has been developed to find solutions to many problems in the industry.
The purpose of the DIA project is to ensure that the actors trading in the markets obtain reliable data. DIA provides very detailed market data from many on-chain and off-chain exchanges and other sources. DIA also covers enterprise-level data feeds, asset prices, metadata warehouse data, lending rates, and more. In short, the DIA Platform receives data from multiple locations. It then acts as a bridge so that this off-chain data can be used in various smart contracts.
How does it work?
DIA aims to be the Wikipedia of the data world in decentralized finance. This is because institutional investors cannot find some of the data they need in the DeFi space. This is where DIA comes into play. It accesses hard-to-reach data and presents them to its users. DIA relies on its users to keep their open source and verified data streams flowing.
It benefits users through a financial incentive model to keep data flowing to Oracles. DIA additionally states that the current oracle design is not transparent and is difficult to scale with it. He also points out that he is vulnerable to attacks. For this reason, DIA has been developed to solve many problems in the industry.
The data of the DIA platform is directly derived from a wide variety of on-chain and off-chain sources at the individual trade level. It allows for full customization in terms of the mix of sources and methodologies of these DIA feeds. It results in personalized, highly flexible feeds. Thus, a new paradigm for oracles is determined.
The project, which set out with the goal of being a multi-chain, end-to-end, open data and oracle platform for Web 3.0, seems to have achieved a strong success in this context. It aims to create an ecosystem for open financial data to bring together data users and data analysts and providers. It supports the creation of various financial DApps with off-chain data from various sources. It offers a reliable and verifiable bridge between on-chain smart contracts.
What is DIA Coin?
The native cryptocurrency of the DIA platform is DIA Coin. It is built on Ethereum with the ERC-20 smart contract. Data feed can be provided via DIA coin. In addition, as a data provider, income can be generated and DeFi transactions can be performed. Users with DIA Coins have the advantage of gaining access to the ability to access, share and supply various data over the network.
DIA Coin is used to access and integrate data in DIA from any chain. However, the token offers its users a staking feature. DIA Coin holders lock their tokens into smart contracts with a maturity date, and then earn additional token rewards at maturity. DIA is also used in the field of governance. DIA Coin holders can participate in governance using their tokens.
Where and How to Buy DIA Coin?
The DIA project was developed as an open source ecosystem for financial data in general. The purpose of DIA is to bring together data providers, users and members of the DAO community to make Web3 accessible for transparent, accurate and verifiable data.
The native token of this powerful DIA project, DIA Coin, has attracted attention with its structure and has been listed by many platforms. Transaction volume is available on many platforms at the global level, including large stock exchanges. To these platforms; Examples include Binance, Gate.io, Coinbase Exchange, OKX, XT, Bitrue.
Investors who want to own DIA Coin must first become a member of a platform they prefer. Afterwards, account opening and authentication processes must be completed. Money is transferred from the trading screen to the stock market account and the desired amount is purchased with pairs such as USDT, BTC, EUR, USD. Purchased DIA Coin can be stored in secure wallets or used in transactions.
