What is DIA? DIA, which stands for “Decentralized Information Asset,” is an open-source oracle platform that offers a variety of Web3 products. In this article, you can find answers to questions that investors wonder, such as what is DIA, how does it work, what is DIA coin, what it offers, how to buy it. cryptocoin.com We have prepared it for our readers who are curious. Let’s examine the project together.
What is DIA?
DIA is an oracle network that provides reliable, cross-chain data to market participants. Users have the advantage of gaining access to a variety of data access, sharing and provisioning features over the network. All these features are suitable for the purpose of the emergence of the network. Founded in 2018, altcoin; It aims to gather data providers and users under the same roof. It tries to do all this in an open source and multi-chain format. Generally speaking, the platform receives data from multiple places. It then acts as a bridge so that this off-chain data can be used in various smart contracts.
What does DIA offer?
In fact, DIA aims to be the Wikipedia of the data world in decentralized finance. Institutional investors can’t find some of the data they need in the DeFi space. At this point, the project comes into play, especially accessing hard-to-reach data and presenting them to its users. The platform relies on its users to keep their open-source and verified data streams flowing. Accordingly, DIA benefits users through its financial incentive model to keep data flowing to Oracles. Additionally, the project suggests that the current oracle design is not transparent. However, he points out that it is difficult to scale and vulnerable to hacks.
What is DIA coin? What does it do?
DIA coin is the native cryptocurrency of the DIA platform. It is built on Ethereum with the ERC-20 smart contract. Users can feed data via DIA coin, earn income as data provider and perform DeFi transactions. DIA coin is used to access and integrate data in DIA from any chain. However, the token offers its users a staking feature. Accordingly, DIA holders lock their tokens into smart contracts with a certain maturity. They then earn additional token rewards at maturity. The last of the DIA use cases is governance. Accordingly, DIA coin holders can participate in the governance of the platform using their tokens. They are also able to submit proposals and vote on submitted proposals.
What is DIA? How to get DIA coin?
Cryptocurrency is currently traded on many major cryptocurrency exchanges. Among the exchanges that list the altcoin, Binance, KuCoin, OKX and Uniswap stand out. Investors interested in the DIA project must be a member of one of these exchanges. They can then buy cryptocurrencies by loading an asset into their wallets that match DIA coin pairs.
