DIA (Decentralised Information Asset) is an open source financial information platform that enables market participants to source, supply and validate data for all asset types. DIA’s data feeds can be used on any network, by any application.
The company, founded in 2018 by Michael Weber and Paul Claudius, is well known for offering user-tailored data feeds with custom methodologies from multiple sources. DIA can source any type of on-chain and off-chain data, from fiat currencies and forex rates to decentralised finance (DeFi) protocols and digital asset prices.
Through its focus on network agnostic operability, the project is able to achieve data integration into multiple on-chain and off-chain applications on any blockchain, be that on Ethereum, Polkadot or Binance Smart Chain.
The open source database boasts a wide range of verified data feeds from trade level exchange data to interbank lending rates and all customised institutional-grade data can be integrated within seventy two hours.
What is the DIA coin?
DIA (DIA) is an ERC-20 compatible token that enables community members to govern the platform and validate DIA’s crowdsourcing data feeds.
More specifically, it equips members with voting rights in order to enact new proposals relating to product, technology or tokenomics in the forum’s discussion channel.
Within DIA’s decentralised autonomous organisation (DAO), proposals must be approved by the DAO committee.
The next step is then for the DIA forum administrator to classify proposals as either proposals:dips or proposals:gdps depending on the content of the proposal. A poll follows, and then a forum vote to decide on whether the proposal will be added to the snapshot page in order to be voted on by the wider community. It’s worth noting that all proposals in the forum will be available to vote on for a limited period of seven days.
The proposal is subsequently moved onto the snapshot page, where it’s visible to DIA token holders. You need at least one DIA token in order to vote on proposals. If successful, the proposal will be stored on-chain.
DIA price analysis: Technical view
The DIA price trend was higher throughout the months of August 2020 to September 2020 following an announcement by the company about its governance token distribution plans.
When the bonding curve distribution program commenced on 3 August 2020, DIA soared to $3.6666 on 20 August 2020 and hit $4.3299 on 30 August.
In October 2020, DIA announced a partnership with Polkastarter, leading the coin to jump from $1.0317 on 6 October 2020 to $1.5068 on 13 October. The DIA price then consolidated, trading within the $1.1 to $1.6 range until 24 January 2021, when it climbed to $2.1046 hitting $3.2236 on 18 February 2021.
By early 2021, DIA’s price had increased by over 164% on the start of that year, from $1.2191 on 1 January to $3.2236 on 18 February 2021. DIA rallied again in March that same year when the price reached $3.8164 on 17 March 2021.
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