DIA introduces the DIA oracle, a formal structure that enables the DIA community to support DIA’s expansion and development while also earning benefits. The DAO aims to give DIA holders more ownership, governance, and involvement in product development.
What is the DIA oracle coin?
DIA is a cross-chain, end-to-end, open-source data and oracle platform for Web3 (Decentralized Information Asset).
The DIA platform offers the sourcing, validation, and distribution of transparent and verified data sources for offline and online financial applications. DIA’s institutional-grade data feeds cover asset prices, metaverse data, loan rates, and other topics.
Data for DIA is directly sourced at the trade level from a wide range of on-chain and off-chain sources. Due to this, DIA feeds can be Fully customized in terms of the sources and procedures used, resulting in bespoke, high resilience feeds establishing a new model for oracles.
What is the purpose of the DIA oracle?
For Web3 applications to produce trustworthy goods and prevent exploitation and manipulation, dependable and scalable data streams are essential.
For traditional and online financial applications, The DIA platform offers transparent and verified data sourcing, authentication, and transmission for both offline and online transaction systems.
To facilitate #dApp development on the multichain layer-2 scaling solution for EVM-compatible chains, the most recent DIA oracle integration is on the Bona network testnet.
Is the DIA coin a good investment?
The DIA DAO can make people aware of the project and encourage further community involvement as more DeFi contracts continue to trust DIA’s innovative approach to data collection through crowdsourcing.
Although DIA is a promising project, it is facing fierce competition from rivals such as chainlink and API3, among others. For some investors, the 92% value loss of the DIA token during the 2022 bear market may be considered a discount. However, you may need to wait until you are certain that the crypto winter is over.
This article is not intended to be a financial advice. Instead, you should do your own research on the project.
How can I buy DIA, and how can I store it?
Binance and Coinbase are the most popular platforms for buying DIA tokens. Since the DIA token is an ERC20, you can store it on any wallet that supports Ethereum smart contracts, including Metamask, trustwallet, and imToken.
