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DIA and Public Governance Tokens

The Swiss open-source platform for decentralised financial data announced the launch of the public distribution of governance tokens.

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.

Following its private sale, DIA will make its governance token accessible in a novel allocation mechanism dubbed “bonding curve distribution”. For a more detailed explanation about the tokens, DIA or the bonding curve distribution, see their token dedicated website, or their FAQ page.

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