DIMO Price

DIMO is a cryptocurrency primarily used to establish a user-owned Internet of Things platform that allows drivers to collect and share their vehicle data. Here are the key features of DIMO:

1. Project Purpose: DIMO aims to break down barriers in vehicle information sharing platforms by bringing all vehicle-related information platforms together.

2. Technical Foundation: DIMO is built on the Polygon blockchain, using Proof-of-Movement (PoM) to prove vehicle movement and data collection.

3. Business Model: Users purchase devices ($300 each) to start data collection, with DIMO tokens used for governance, collateral, and enhanced access to specific functionality.

4. Data Usage: DIMO allows users to sell their vehicle data history records through any normal vehicle transaction, simplifying vehicle transfer and third-party information processing processes, while protecting user privacy.

5. Token Allocation: 70% of DIMO tokens will initially be distributed to a community-controlled DAO treasury, with the remaining 30% allocated to DIMO founders and contributors, as well as capital partners supporting key DIMO development activities.

6. Community Ecosystem: DIMO incentivizes sustained data connections and the provision of a greater quantity and frequency of reliable data by rewarding and controlling users who support DIMO in the long term.

The main goal of DIMO is to create an open network physical system to improve the real world.

By leveraging car owner flow data and earning DIMO tokens, data consumers can access anonymous data related to battery performance, autonomous driving systems, traffic, weather, and more.