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DIA

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What Is DIA?

DIA (Decentralized Information Asset) is a token issued by the DIA project – an oracle and data collection platform providing verified data to the customers. It was founded in 2018 and went through the token sale in the second half of 2020.

DIA allows its users to access many types of data on-chain, both for cryptocurrency and digital assets. The system broadcasts the data request made by a paying customer to the network of data providers, who build a scraper, get the appropriate data, and submit it for verification, which requires staking their DIA tokens. Data analysts – another role inside the network – then verify this data, also by DIA staking. Verified data is stored on-chain and can be used by the customer who made the original request or by other users. DIA facilitates the retrieval and processing of data using extensive methodologies which are customized for different assets and types of queries. For example, to calculate accurate exchange rates, DIA employs a mechanism to prevent outlying trades (unintentional or fraudulent) from influencing the recorded price.

DIA token is used to stake and vote on the accuracy of the data. The token’s other uses include fee payments, bounties, and rewards incentivizing the network participants, the project’s governance, and the technical developments.

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