DIMO Price

DIMO is a cryptocurrency mainly used to establish a user-owned IoT platform that allows drivers to collect and share their vehicle data. Here are the main features of DIMO:

1. Project Purpose: DIMO aims to break down the barriers of vehicle information sharing platforms and consolidate all platforms related to vehicle information.

2. Technological 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 specialized features.

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

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

6. Community Ecosystem: DIMO rewards and incentivizes users who continue to support DIMO in the long term, encouraging ongoing data connections and providing a greater quantity and frequency of reliable data.

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