Review on DIA by David Olayide
DIA Trusted Information For Digital Assets Market
Decentralized Information Assets (DIA) is an open-source oracle platform that enables market actors to source, supply and share trustable data. Our economy today, is built in such a way that, verifiable and valid supply of information is vital to the decentralized finance market. DIA leverages the crypto-economic incentives and knowledge of the community to source, validate and deliver trusted financial data to the parties who need it.
DAI basically provides or claims to provide financial institutions with authentic and verified financial market data for any market and asset type. DIA also claims to be an open-source, data and oracle platform for the DeFi ecosystem. DIA appears to leverage cryptocurrency and economic incentives to increase supply, share and use transparent, crowd-verified price data and oracles on financial and digital assets. The DAI token is a governance token.
The project is open source and it is hosted on GitHub, do that further lends the project some credibility. There’s a circulating supply of 28,271,916 DIA coins and a maximum supply of 200,000,000 DIA coins. Binance, OkEx, and HBTC are some of the cryptocurrency exchanges that trade the cryptocurrency token. I had a look at the price of a single DAI token, and it is comparatively okay. Of course it is equally prone to market fluctuation and volatility.
The idea behind the DAI project is very good and I like the idea that there is a source of verifiable and solid information that all in the crypto community can benefit from.
Pros
- DAI is open source protocol
- The project provides reliable and verified information for the digital assets market
- DAI token is a governance token
- Really innovative and useful technology in the crypto space
Cons
- No disadvantages
