DIAHarga DIA 

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.

Michael Weber is DIA's Founder and Association President. He holds degrees in management from ESCP Business School and an economics and physics from University of Cologne, Germany.

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 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 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.

The total DIA token supply is limited with 200 million coins minted. 10 million tokens were initially sold at a private sale, 19.5 million are with early investors and advisors, Outlier Ventures being the largest. 30 million coins were offered for a bonding curve sale in August 2020, out of which 10.2 million were sold to the public, and the remaining 19.8 million burned. Another 24 million tokens are allocated to founders and team with a 29 month vesting period, and 25 million locked for the future use for the development of the DIA ecosystem. Finally, 91.5 million DIA tokens are in the company's reserve to be unlocked in equal parts over 10 years every December. Out of the first unlocked part, half of the tokens were burned in an instant, after the community vote makes the decision.

It is planned that smart contracts using DIA oracles will be receiving DIA Governance Tokens on a daily basis through what they call “proof-of-use” and “proof-of-truth” mechanisms.

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 our crypto exchanges page.

New to crypto and want to know how to buy Bitcoin (BTC) or any other token? Find out the details here.

Check out Chainlink, a decentralised oracle network for DeFi

Tellor is another Ethereum-based oracle for DeFi and DApps

What is a DAO?

New to oracles and DeFi? Learn more with our glossary.

Ready for more? Check out our blog for the latest crypto news and insights.