On February 1, DIMO (Digital Infrastructure for Mobile Objects) has been launched on HotsCoin. DIMO, pronounced "Dee-Moe", represents the infrastructure for digital mobile objects. This is a platform dedicated to providing car owners with better car utilization and data sharing. DIMO's application allows car owners to collect, use vehicle data and monetize it by connecting with third-party hardware devices. The platform is built on a stable, open foundation to encourage developers and data consumers to build better mobile products and services. DIMO is currently open for trading on HotsCoin.
Technology Architecture
DIMO is built with open source components, leveraging the Ethereum Virtual Machine, cryptography, open source software and hardware to achieve the following tasks:
Establish openness for users, vehicles, and itineraries: Incentivize users to join the network through $DIMO rewards.
Using licensed hardware devices and software APIs: Allows authenticated telemetry data to be attached to vehicles and trips.
Means for Security Claims: Allows companies to issue $DIMO to users, vehicles, or trips as a means for Security Claims.
Self-keeping of user data: Users can keep their own data and choose who to share it with.
Empower developers and data consumers with new capabilities: Leverage verifiable data to build better versions of your business and create entirely new categories of applications.
development progress
2022 is a pivotal year for DIMO, with devices shipping, vehicles connected and the $DIMO token launched. 2023 will usher in the launch of more functions and applications, making DIMO more practical for drivers.
Q1: Drivers will gain the ability to set advanced permissions and share their vehicles with other users, and the DIMO Mobile app will add an embedded wallet to increase the quantity and quality of vehicle data displayed.
Q2: Expand functionality, provide new interfaces and account types for fleets and devices that pay $DIMO, introduce new low-cost DIMO devices to attract new audiences.
Q3: Ecosystem expansion, data storage decentralization, more data on-chain, software development kits (SDKs) to accelerate building new applications on DIMO.
Q4 and beyond: The protocol continues to mature, increase decentralization, support new vehicle types, and the protocol’s use and resilience will rapidly expand.
$DIMO token
$DIMO is the native Ethereum-based ERC-20 token of the DIMO protocol. It has the following
Functions and uses:
Required Platform Transactions: Used to purchase data, pay for hardware devices, and goods and services on the network.
Governance rights: $DIMO token holders can vote on how the protocol operates, including software upgrades, protocol standards, intellectual property licensing, etc.
Ecosystem Incentives: Combined with staking and payouts, companies are encouraged to participate and stay focused on DIMO’s long-term success.
A symbol of community identity: $DIMO holders can gain privileges to special access rights, enhancing their experience in the ecosystem.
Token distribution
The total supply of DIMO is $1 billion DIMO, distributed as follows:
DAO Treasury: 70% ($700 million DIMO) is allocated to the community-controlled DAO treasury for rewarding teams and individuals, as well as contributors in the form of bounties and grants.
Driver Rewards: 45% ($450 million DIMO) is allocated from the DAO pool to reward drivers through baseline issuance to incentivize network growth.
DIMO core team and capital partners: 30% ($300 million DIMO) is allocated to the initial team and investment partners, subject to a minimum two-year lock-in and monthly unlocking until fully unlocked after three years.
This allocation strategy is designed to ensure community priority, incentivized driver participation, and long-term team and partner involvement in DIMO’s development.
in conclusion
DIMO is a potential project dedicated to establishing an open, transparent, and trustworthy digital mobile object infrastructure. By adopting blockchain technology, the DIMO platform provides a new user experience and data sharing model, giving users more control and incentives, while building a community with good governance mechanisms. As DIMO continues to develop and introduce new features, its leadership in the field of digital moving objects
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