What is Decentralised Information Asset (DIA) | What is Decentralised Information Asset token | What is DIA token
DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data.
Decentralised Information Asset (DIA) is a Swiss non-profit association. It is an open-source, data and oracle platform for the DeFi (Decentralised Finance) ecosystem. DIA leverages crypto economic incentives to drive supply, share and use transparent, crowd-verified price data and oracles on financial and digital assets.
On 3 August, DIA announced that they took the first step in decentralising its governance by public distribution of ‘tokens’. This event will provide participants with the opportunity to acquire DIA’s Governance Tokens. DIA believes in a financial ecosystem that is owned, controlled, and maintained by its users. The DeFi ecosystem infrastructure, which they are trying to create, is governed through a token — the DIA Governance Token — which shall be held by a decentralised community of DIA token-holders and their delegates.
This will be the first public distribution of DIA’s governance token, and it aims to decentralise governance to the broader DeFi and blockchain ecosystem and raise funds for the continued development of the platform.
How to Get DIA Tokens
Step-by-step guide
Note, that the interface to get DIA will be published on Monday August 3 at 3pm CET. It will be shared in all our channels.
1. Set up wallet
To buy DIA you will need an Ethereum Smart contract enabled wallet. We recommend using MetaMask, Trust Wallet, imToken or Gnosis safe.
Load sufficient USDC to your wallet, open the interface and connect your wallet.
2. Deposit funds in the interface
Open the ‘Balances’ tab and ‘Enable’ the coin you want to use. Confirm, if prompted. Then deposit your funds by clicking the blue ‘+’.
A pop up will appear that where you can enter the amount that you wish to deposit for the trade. Once it is done return to the “Trade” tab.
3. Place order
Enter the amount you wish to exchange for DIA into the ‘Sell’ field and the maximum average price you want to pay per token in the ‘Limit Price’ field.
The amount of DIA you will receive will be displayed. Click ‘Submit Limit Order’. The order will appear on the right and is executed when the price matches.
Example Order
- Satoshi wants to spend 100 USDC on DIA, but doesn’t want to purchase DIA at a higher average price than USDC 3.
- To execute his order, he selects USDC from the dropdown next to the ‘Sell’ field enters 100 in the ‘Sell’ field.
- He then enters ‘3’ into the ‘Limit Price’ field — this is the maximum average price of USDC he wants to pay per DIA.
- The ‘Receive at least’ field will show the minimum amount of DIA that Satoshi will receive if the order gets allocated.
- If this satisfies him, he clicks ‘Submit Limit Order’ and it will appear on the right pane of the interface in the ‘Open’ tab.
- When the next 5 minute interval is over, the solution for the transaction is calculated. This means that the algorithm decides which orders to process, optimising for maximum efficiency in token distribution.
- If the order gets accepted in the batch, it will be executed, meaning that DIA will be sent to the interface and funds will be sent to the bonding curve contract. The successful order will appear under the ‘Trades’ tab, from where Satoshi can send his DIA tokens to his wallet.
- Note, that the limit price is just the maximum price that Satoshi will pay. It may happen that a significantly lower price is paid if possible.
- Also note that orders may be partially filled. The remaining portion will be transferred to the next batch, unless cancelled.
Additional Questions
How long does a transaction take?
There are several factors impacting the time that a transaction takes in total.
- The amount of gas you post, only has an impact on the speed at which your order is placed into the current or next order batch.
- Once in the batch, gas fees are irrelevant as they are equal for all participants of one batch.
- Batches are filled and closed in 5 minutes intervals
- When the batch is filled, the solution is calculated which defines the allocation.
How to cancel an order?
Once an unfulfilled order is listed in the right pane, you will be able to click it and an option to cancel the order will appear. When you click the cancel option the order is deleted as soon as the transaction is completed on the Ethereum network. This means that it is dependent on the gas fee you post.
What happens after the transaction?
Once a the price matches and your order is allocated, you will receive your DIA in the interface. You will need to withdraw them to your wallet. Your order will be stored in your wallet, so even if you forget this step, you will be able to withdraw your DIA at a later stage, if you reconnect the wallet that you used for the transaction.
When is an order closed? How will I know whether it is still open?
On the right hand pane of the interface, you will see three tabs: ‘Open’, ‘Trades’ and ‘Closed’. Your open transactions will show in the ‘Open’ tab. Your completed orders will show in the ‘Trades’ tab and your cancelled order will show in the ‘Closed’ tab.
How many orders can I place?
You may place an unlimited amount of orders. Be aware that this costs gas every time.
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How and Where to Buy DIA ?
DIA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy DIA
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
After the deposit is confirmed you may then purchase DIA from the exchange.
Exchange: The top exchanges for trading in DIA are currently Binance, OKEx, BiKi, HBTC, and Bidesk
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once DIA gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Find more information DIA
☞ Website
☞ Announcement
☞ Explorer
☞ Source Code
☞ Social Channel
☞ Message Board
☞ Coinmarketcap
Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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