Bootstrapping the network and building an Open Platform
DIMO is building a safer, more open, and zero emission mobility future using proven incentive mechanisms.
As with all projects, gaining initial momentum requires additional force to overcome inertia.
Rewarding early adopters and offering referral bonuses is not a new idea. Venture funding subsidized discounted rates and credits as Uber and Lyft grew throughout the 2010’s. While this has been proven an effective strategy for breaking into a market, it doesn’t generate long-term, grassroots community alignment with a platform.
Projects like Helium have demonstrated a capital efficient method of bootstrapping user-owned IoT infrastructure to nearly one million nodes (and counting) in just a few years.
DIMO is designed around a similar feedback loop, adding additional support at key leverage points to accelerate not just adoption (supply) but also demand for the network and benefits to users:
Our focus during the bootstrapping phase is to build up:
Vehicle supply, measuring contributions via $DIMO token issuance to data providers;
Developer tooling that makes device data more accessible to app builders so they can create new user experiences on DIMO.
Development will be undertaken in phases outlined in the Roadmap, unlocking new capabilities, classes of devices to connect, and levels of decentralization at each step.