User Ownership

How DIMO users come to own the platform

Why DIMO is a decentralized community owned protocol

DIMO aims to be a reliable, secure, and open base layer for connected devices. The only way to achieve these goals is to build DIMO as a platform where control is vested in a diverse collection of users and stakeholders who all have skin in the game.

Facebook, Twitter, Instagram, Google, and connected vehicle platforms like Wejo are "walled garden" platforms. Developers have seen how they will extort you if you become successful on their platform. There are no clear rules on access and censorship, and ultimately ownership of user data.

Web 2.0 business models systematically create these incentives, and part of the vision for DIMO is to create a reality where user-owned digital ecosystems are the norm. This is a better model.

By reducing friction and bureaucracy, opening up DIMO to global contributors, creating an operating structure that can scale, and aligning all stakeholders around the $DIMO token, the DIMO platform and the apps on top of it will be built far better and faster.

Community Governed

Today, holders of the $DIMO token can create and vote on proposals that control how the network works. These DIMO Improvement Proposals ("DIPs" for short) can upgrade the way the DIMO smart contracts and token work, can grant privileges (e.g., a vote to issue a license to make DIMO Miners to a hardware manufacturer), set tokens aside for grants, and more.

There are no self-imposed restrictions on what the DIMO community is able to vote on and do. We expect that some of the key activities of the DIMO foundation will include:

  1. Designing, deploying, and adjusting rewards pools for drivers and referral bonus programs;

  2. Allocating authority and resources to teams and individuals via streams, grants, and bounties. This may fund work such as: building decentralized data storage infrastructure; determining the optimal method by which vehicle data will be priced and sold; building applications on top of DIMO; and DBC decoding to expand the number of supported vehicles;

  3. Whitelisting third-party hardware suppliers who build the devices that sign and stream data; and

  4. Investing the treasury.

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.

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