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How DIMO users come to own the platform
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.
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.
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;
- 4.Investing the treasury.