Earning $DIMO

How drivers and fleet operators can earn more $DIMO

Driver rewards will be based on a combination of baseline and market demand for vehicle data and connectivity.

In the early stages of DIMO's development, the vast majority of rewards will come from Baseline Demand Signal. As the network grows, this balance will likely shift the other way, thus removing the need to inflate the circulating supply of $DIMO in perpetuity. This is comparable to other web3 networks like Helium, where their rewards from proof of coverage will shrink in comparison to rewards from data transfer over time.

Rewards from Baseline Issuance

Baseline Issuance refers to the concept of rewarding drivers based on how long they've been connected and how they're connected, even if there is no end customer using their data.

The goal here is to prime the network by incentivizing drivers to connect the types of cars and stream the types of data that we expect will be valuable to data consumers and app developers in the future.

450,000,000 $DIMO (45% of the total supply) has been allocated to fund the Baseline Issuance. The initial airdrop was effectively a large distribution of Baseline Issuance and left 382,491,185 $DIMO. This pool will be distributed over 40 years by issuing 1,105,000 $DIMO to users per week for the first year, with issuance decreasing by 15% each year.

With this design, the aim is to:

• Reward and give control to those who show long-term support for DIMO;

• Incentivize a continuous data connection, which tells a fuller story of driver behavior and vehicle performance when maintained over a long-period of time;

• Reward those who provide a greater quantity and frequency of reliable data; and

• Avoid rewarding based on distance or time traveled as not to incentivize unnecessary and wasteful driving.

For more on how distributions are calculated and issued, check out DIP-2: Baseline Issuance.

Rewards from Market Issuance

DIMO users and apps should be rewarded based on the value that they generate to create a more direct link between incentives and optimal behaviors. Those who create the most value for the network should have the largest $DIMO rewards and the biggest voice in its future direction.

When users transact with licensed DIMO apps, such as Tenet, Caribou, and Vehicle Genius, those users receive additional $DIMO tokens and some $DIMO is burned.

The amount and terms will vary as specified by the app developer, and agreed to by users, so long as the reward is remitted in $DIMO and 1% is burned. The Foundation can accept cash and remit $DIMO on the app's behalf if the app developer prefers not to interact with $DIMO directly. For more information, you can check out DIP-3: Marketplace Issuance & Token Burn.

This page is making no binding representations.

Beware of scam tokens. The token address for $DIMO is 0xE261D618a959aFfFd53168Cd07D12E37B26761db (link) on Polygon and 0x5fab9761d60419c9eeebe3915a8fa1ed7e8d2e1b on Ethereum (link). Always make sure you are interacting with the correct token address.

Please triple check that any communications from DIMO are authentic as it’s common for scammers to try to trick you into sending them crypto or into revealing your private keys. No guarantees are made about the nature of the $DIMO token or its distribution, which are subject to change based on continued legal, tax, and other design considerations and which may be altered in the future by a vote of the token holders in accordance with network governance.

DIMO reserves the right to withhold tokens from users whose wallet addresses are flagged for compliance issues, including but not limited to anti-money laundering, or sanctions laws, and other applicable laws. Nothing in these documents represents a promise or guarantee of any future actions and the DIMO Foundation is not bound to distribute DIMO tokens to any user.