DIA

Halal Rating :
Questionable
Last Price $0.75 Last updated:
Rank 498
1D Change 5.55 %
Market Cap $89.39m
Circulating supply 119,676,104
Maximum supply 200,000,000
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Platform
  • AI & Big Data
  • DeFi
  • Oracles
  • Smart Contracts
  • Ethereum Ecosystem
  • Substrate
  • Polkadot Ecosystem
  • Avalanche Ecosystem
  • Solana Ecosystem
  • Exnetwork Capital Portfolio
  • Polygon Ecosystem
  • Fantom Ecosystem
  • Web3
  • Near Protocol Ecosystem
  • Arbitrum Ecosystem
  • Injective Ecosystem
  • BNB Chain

Overview

DIA (Decentralised Information Asset) is an open-source oracle platform for Web3 that enables market actors to source, validate and share trustworthy data. The DIA token is the native cryptocurrency of the DIA platform, used for governance and incentivizing data providers and validators.

Intended Utility

The primary purpose of DIA is to provide reliable oracle services for smart contracts and decentralized applications. The DIA token serves multiple functions: governance rights for protocol decisions, staking requirements for data providers, and incentivization mechanism for contributors.

Actual Utility

DIA is actively used in its intended capacity, providing oracle services across multiple blockchain networks including Ethereum, Polygon, BNB Chain, and others. The platform has established partnerships with numerous DeFi protocols and blockchain projects that utilize its data feeds. On-chain data shows regular activity from data providers and validators using the token for its designed purposes.

Business Model Analysis

DIA's business model is based on providing decentralized oracle services, which is inherently halal as it involves the legitimate exchange of value (accurate data) for compensation. The platform's revenue model is based on service fees rather than interest-bearing mechanisms.

Token Distribution and Founder Analysis

The token distribution includes allocations for the team and early investors with standard vesting periods. Development activity is consistent and transparent, with regular updates to the protocol's infrastructure. The project maintains a balanced approach between marketing and technical development.

Crypto Impact

To assign a comfort level investing in DIA from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to DIA.

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