DIA

Halal Rating :
Questionable
Last Price $0.89 Last updated:
Rank 475
1D Change 1.32 %
Market Cap $106.94m
Circulating supply 119,676,104
Maximum supply 200,000,000

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

Project Overview

DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply, and share trustable data. The platform operates as a decentralized data and oracle platform for the DeFi (Decentralized Finance) ecosystem.

Intended Utility

The DIA token serves multiple purposes within the ecosystem: governance rights for protocol decisions, staking for data validation, and incentivizing data providers and validators. The token is crucial for the platform's operation as it enables community-driven governance and ensures data quality through economic incentives.

Actual Utility Assessment

DIA has demonstrated substantial real-world adoption through partnerships with major blockchain platforms including Polygon, Arbitrum, and Avalanche. The platform processes millions of data points daily, providing oracle services to numerous DeFi protocols. Development activity remains consistently high, with regular updates to the protocol and new integrations being added.

Token Distribution and Governance

The token distribution shows a relatively balanced allocation: 30% for the ecosystem and community incentives, 25% for the team and advisors (with multi-year vesting), 20% for private sale, 15% for public sale, and 10% for liquidity provisions. The vesting schedule for team tokens extends over 24 months, demonstrating long-term commitment.

Technical Implementation

The platform's oracle system operates through a network of validators who stake DIA tokens to participate in data validation. The mechanism aligns with Islamic principles as it represents actual work and value creation rather than interest-based returns.

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.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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Justification for our Halal Rating