Decentralised information asset platform DIA will issue governance tokens

-DIA will become an open source financial data platform
-DIA will issue all governance rights and will become the DAO in 2025
-DIA's first open governance token will be distributed on August 3 at 9pm

August 3, 2020 - Chugg-DIA, the open source data and prophecy platform for the DeFi (decentralized Finance) ecosystem, announced the first step to decentralize its governance tokens by publicly distributing its governance tokens and will be held on Monday, August 3, 2020. This highly anticipated event will give participants the opportunity to earn DIA's governance Token (DIA).

Founded in 2018 as an association in Switzerland, DIA's vision is to make proven and auditable financial market data open source and accessible to traditional and decentralized financial markets. Rather than collecting and providing data on its own, the DIA platform sets up encrypted economic incentives to drive communities to collect and validate data.

The exponential growth of DeFi requires a more flexible data solution

Financial data is an important basis for any financial market. In traditional and digital asset markets, the cost of bad data has become horrendous due to scandals surrounding manipulation and opacity, leading to heavy losses of capital and requiring more reliable and transparent solutions.

In particular, the recent exponential growth of DeFi applications has sparked widespread interest in the data architecture that supports this ecosystem. While many providers are already meeting the growing demand for data, DIA's approach raises hopes that data providers in the ecosystem will take advantage of decentralized governance to provide the highest quality data and make it accessible to all market participants.

DIA's co-founder and President of the association of Michael Weber explained: "as the DeFi industry have been worth $5 billion and growing fast, reliable data will be the most important part of the DeFi economy. We believe that the data needs to be driven by the community, decentralization and transparent. Will be on the DIA DIA association become a decentralized organization and the community to provide the best machine products, in the process of incentive to each step of the way."

DIA's governance token distribution

After just three days of the private placement, DIA will make its governance tokens available through a new distribution mechanism called joint Curve Distribution. This will be the initial public offering of DIA Governance tokens, designed to decentralize governance to the broader DeFi and blockchain ecosystems and to raise funds for the continued development of the platform. From Monday, August 3, 2020, central European Time (9pm Beijing time), joint Curves can be accessed via the DIA website. DIA's official Medium explains the process in more detail.
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DIA is run by a team of experienced Web3 founders and financial market experts and is backed by prominent venture Capital funds, including Outlier Ventures, Continue Capital and TRG Capital, as well as angel investors in traditional finance. One of the stars of OV's "Citadel Accelerator", DIA has been hailed as one of the most promising DeFi projects to come, dedicated to democratizing data and improving corporate transparency.

Following the upcoming distribution, DIA is planning several other mechanisms to allocate its governance tokens to the major DeFi market participants and innovators as part of the "DIA Ecosystem Token Pool" and "DIA LABS." DIA aims to fully implement DAO by 2025. More details to come soon.

Outlier Ventures, the founders Jason Burke explained: "the DIA's unique proposition is through the use of people's wisdom and the strength to make the financial information provided, access, and use of democratization. Their mission is to make financial data standardization, open source and available to all people on the same terms. We believe that the decentralized financial will be a worth billions of dollars in industry, DIA would lead innovation, for the industry to lay the solid foundation and fair."

About the DIA

DIA (Decentralized Information Assets) is an open source financial information platform that USES encrypted economic incentives to obtain and validate data. Market participants can provide, share and use financial and digital asset data. DIA is based in Switzerland and is a non-profit association.

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