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info_docs_depin/docs/depin_specs/mobility_networks/dimo.md
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Dimo Detailed information about Dimo 1

Dimo

Overview

Dimo is a decentralized mobility network that enables users to share and monetize their vehicle data. It leverages blockchain technology to create a secure and transparent data marketplace.

Key Features

  • Currency: DIMO (Dimo Token)
  • Buying Currency: Available on exchanges like Uniswap and SushiSwap.
  • Utility:
    • Used for network transactions and incentivizing data sharing.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate data sharing and reward distribution.
  • Utility in the Project:
    • Users can earn DIMO by sharing their vehicle data.
    • Validators can stake DIMO to secure the network and earn rewards.
  • API: Yes, Dimo provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily connect their vehicles to the Dimo network to share data and earn rewards.

How It Works

  1. Step 1: Users connect their vehicles to the Dimo network using a compatible device.
  2. Step 2: The device collects and shares vehicle data with the network.
  3. Step 3: Users earn DIMO tokens based on the amount of data shared.

Staking

  • Staking Requirements: Minimum of 1,000 DIMO tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

API Documentation

For detailed API documentation, visit Dimo API Docs.

Additional Resources