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Decentralized Information Asset

Decentralized Information Asset is an open-source oracle platform that allows market actors to supply, share, and use transparent, crowd-verified price data. Market actors can supply, share, and use financial and digital asset data. Based in Switzerland, DIA operates as a non-profit association.[1]

Overview

Founded in 2018 as a Swiss association, DIA's vision is to make validated and auditable financial market data accessible and open-source to both traditional and decentralized financial markets. Rather than sourcing and providing data itself, the DIA platform sets crypto-economic incentives that drive the sourcing and validation of data by the community. DIA aims to fully distribute governance to become a full DAO by 2025.

DIA is run by a team of experienced web3 founders and financial market experts and is backed by notable venture capital funds, including Outlier Ventures (OV), Continue Capital, and TRG Capital as well as angel investors from the traditional financial space.

In August 2020, DIA was listed on KuCoin with available pairs BTC/DIA and USDT/DIA, and BitMax.io with available pair USDT/DIA.  On August 11, 2020, DIA was listed on Poloniex.

DIA Ecosystem Token Pool

DIA Association committed 25 million DIA Governance Tokens from the total token supply to the DIA Ecosystem Token Pool. This equates to 12.5% of the total supply of DIA Governance Tokens. The DIA Association will vote quarterly on future distribution on the Ecosystem Token Pool, starting Q4 2020. Proposals will be collected continuously and require a minimum of 1.000 DIA Governance Tokens. All proposals will be shared with governance entitled DIA holders that can propose any issue for voting.

The DIA Ecosystem Token Pool was created by the DIA Association to achieve two main goals:

  • Autonomy: the distribution of DIA Governance Tokens to relevant ecosystem participants to achieve autonomy of the DIA Association by 2025 through the Governance Token Distribution Mechanism.
  • Innovation: to support the DeFi ecosystem to build applications using reliable and transparent data. Funds of the Ecosystem Token Pool are distributed through DIA Labs.

DIA’s Governance Token Distribution

Decentralized Information Asset announced the first step to decentralize its governance by the public distribution of its governance token on August 3, 2020. The event gave participants the opportunity to acquire DIA’s Governance Token (DIA).

Following its private sale which sold out in just 3 days, DIA made its governance token accessible in a novel allocation mechanism dubbed “bonding curve distribution”. This is the first public distribution of DIA’s governance token and aims to decentralize governance to the broader DeFi and blockchain ecosystem and raise funds for the continued development of the platform. The distribution was publicly accessible via DIA’s website starting August 03, 2020, at 3 pm CET.

The token sale didn't go off without a hitch though, DIA used a bonding curve pricing mechanism that allowed users to buy and instantly sell back and while they initially said they would support ETH, DAI, and USDC, they only provided buy and sell orders in USDC. However, there wasn't enough ETH liquidity to go around and the wETH/DIA price ended up higher than the USDC/DIA price. Some investors felt scorned and a Telegram group was formed to discuss possible legal action. Fortunately, the token quickly shot up enough in value to cover losses.

DIA Token

The DIA Token empowers the community to govern the DIA platform and validate DIA's crowdsourced data feeds. It is deployed on the Ethereum blockchain and also available on other blockchains-- Binance smart chain, arbitrum, etc.
With a maximum supply of 200,000,000 DIA tokens, users can seamlessly participate in ideation, proposals and voting on the consensus that influences the decisions of the DIA's DAO.
DIA tokens are currently being traded on exchanges including:

  • Binance

  • Coinbase

  • Huobi Global

  • Crypto.com

  • Kucoin

  • Gate.io

  • Poloniex.[4]

Bonding Curve

The bonding curve DIA uses is a replica of the one used by the Gnosis Protocol. The bonding curve is a predefined price curve. The price for each token increases as tokens are bought and decrease as they are sold back. Investors can sell back tokens at any time, as the contract is 100% collateralized at all times and the contract autonomously creates an instant market. Through this process, the bonding curve determines the price equilibrium.
DIA will be accessible on Gnosis Protocol through the Mesa DApp after the Bonding Curve distribution and after receiving approval from the dxDAO.

Team

Michael Weber - Association President

Michael is a cryptocurrency veteran and serial entrepreneur who founded Bonsum & Goodcoin in 2014 - a blockchain-powered loyalty solution and the first ever qualitative "Good" digital currency, which was successfully sold in 2016. He began his career as a data analyst and went on to work at several different investment banks across the world. Michael is an active board member of NGO Hostwriter and Co-Founder of bitEasy. Michael earned a Master of Science and Diplôme de Grande École from ESCP Europe and a first diploma in Economics & Physics from the University of Cologne.

Samuel Brack - Technical Lead

Samuel is a cryptocurrency and cybersecurity expert researching on privacy, digital currencies, and distributed systems. He is a distinguished keynote speaker who has spoken at leading computer networking conferences in Singapore, Dubai, Berlin & Florida. He holds a Bachelor and a Master of Science in Computer Science from Humboldt University of Berlin and is currently pursuing his PhD. Samuel is an active member of the Berlin hackerspace Afra and the IEEE Computer Society in Los Alamitos, California.

Paul Claudius - Lead Advocate

Paul is a serial entrepreneur and crypto investor. Previously, he was Director Europe of the nu3 group based in Berlin, transforming the multi-million e-commerce business into a vertically integrated brand. Paul started his professional career as part of BNP Paribas Corporate Development in New York City and Axa Private Equity in Frankfurt. Paul has advised and invested in multiple start-ups in health tech, IOT and e-commerce.

Carl Bruns - Communication Lead

Carl is the CMO and communications lead for DIA. In the past, he advised and built several ventures in diverse industries ranging from publishing, property technology, e-commerce to personal banking. Most recently before DIA he helped built and ran an online marketing and PR agency called ABCD agency.

DIA DAO

DIA started out as a DAO (Decentralised Autonomous Organisation). This explains that the goal of the platform is to be governed, managed and continued by a group of decentral stakeholders, the community of DIA token holders and their delegates.

Till recent times, the DAO has already engaged in a series of meaningful proposals and votes ranging from the use of treasury funds across the launch of new savings programs to deploying an airdrop to the DIA holders affected by the 2020 KuCoin hack. In our efforts to expand the DAO's involvement in DIA’s core product and to open up for and foster new discussion, we are laying the foundation to formalize DAO processes by launching the DIA DAO Forum.[2]

The DIA DAO is becoming the framework for co-creation and open, decentralized work. The DIA DAO is a program that rewards contributions to the DIA mission in various disciplines from operations to development to growth. Members can earn Ethereum and ‘XP’, which grant additional benefits such as leadership ranks and boosters. Additionally, DIA tokens are an extra layer of reward to enable participation in the DIA DAO governance. The DIA DAO is launching in an alpha phase. We are looking for talent to shape the program early on, take leadership and earn juicy rewards.[3]

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