What is DIN? Exploring the AI Project Backed by Binance Labs

What is DIN?

DIN, formerly known as Web3Go, is the first modular AI-native data pre-processing layer developed based on the Data Intelligence Network (DIN). This platform focuses on connecting critical elements such as people, data, and artificial intelligence (AI).

DIN aims to make data more accessible to everyone, harnessing the full power of AI to optimize data utilization and protection in the digital age. The platform’s goal is to enable users to easily process data for AI and earn well-deserved rewards.

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How DIN Works

In the DIN protocol, there are three key components involved in data operations:

• Data Collectors: Gather data from both on-chain and off-chain sources.
• Data Validators: Ensure the accuracy of models based on blockchain technology.
• Data Vectorizers: Optimize the preparation of data for AI.

The data processing workflow of DIN involves the following steps:

1. Data Collection: Data Collectors gather data from various on-chain and off-chain sources.
2. Validation Routing: Data is directed to selected validators based on their locally deployed models.
3. Verification: Validators use computational resources to predict and ensure data accuracy.
4. Privacy Processing: Validated data undergoes privacy enhancement through the ZK processor.
5. Model Update: The relevant model is updated with the latest data and redistributed to the validators.
6. Vector Conversion: Computation nodes transform the validated data into vectors.
7. Privacy Processing (Vector): Vectors are processed through the ZK processor for enhanced privacy.
8. Data Finalization: The finalized dataset and vectors are stored on IPFS, making them accessible to third parties.

Key Products of DIN

xData

Launched in April 2024 on opBNB, xData has already attracted over 200,000 users, with 40,000 daily active users on opBNB and Mantle. xData is a decentralized AI data infrastructure that combines AI and blockchain technology to redefine data collection and preservation in the digital era.

Notable Features of xData:

1. Easy Data Collection: xData offers a Chrome extension that allows users to store their favorite tweets, ensuring they never miss important content.
2. Decentralized Data Scraping: Instead of relying on Twitter’s API, xData employs decentralized scraping methods to reduce censorship risks.
3. Data Ownership Protection: Data is encrypted and stored in a decentralized manner, ensuring users’ privacy and control over their data.
4. Monetization of Data: xData allows users to earn money from their data contributions, promoting fairness and transparency.

Chipper Node

Chipper Node plays a crucial role in validating and vectorizing data, maintaining a continuous data flow, and providing computational power for rewards within the DIN network. It also acts as a bridge in the pre-processing of data, helping to validate, classify, and enhance raw data before use.

Chipper Node Levels and Computational Power:

• Level 1 Node: Capacity of 100, limit of 1,000.
• Level 10 Node: Capacity of 1,800, limit of 20,000.

Chipper Nodes from level 2 to 10 will receive DIN airdrops, with rewards gradually unlocked over six months. 25% of the total DIN supply will be allocated to reward Chipper Nodes for their contributions to the network.

Chipper Nodes can mine DIN when in “Online” status. Rewards are calculated based on computational limits and the node’s online duration.

Team

Founder Hao Ding is a seasoned SAP consultant with extensive experience in the IT and services industry. He is highly skilled in SAP Fiori and UI5, and has worked across different cultures in countries like India, China, and Germany.

In addition to his technical expertise, Hao Ding has a wealth of experience in marketing and product development, and holds the PMP certification, a globally recognized project management credential.

Investors

In July 2023, DIN (Web3Go) successfully raised $4 million in a Seed funding round led by Binance Labs, with participation from other reputable investment funds such as Hashkey Capital, NGC Ventures, and Shima Capital.

The project has also been selected for the MVB program by Binance Chain and the Hong Kong Cyberport incubation program, positioning it as a leading blockchain representative in Hong Kong.

Strategic Partners of DIN include Binance, BNB Chain, and OKX Wallet.

Token Information

As of now, the project has not yet issued its token.

Roadmap

• Q1 2024: Completed Airdrop Episode 1 and developed xData.
• Q2 2024: Launched xData on opBNB and other chains.
• Q3 2024: Ongoing activities include Node sales, Node mining, Airdrop, and TGE.
• Q4 2024: Ecosystem building.

Personal Assessment

Here are some personal perspectives on DIN:

• Initially, DIN started as an AI project with a focus on on-chain product development. However, it quickly adapted its direction, focusing on node and xData development to align with future crypto market trends. Personally, I am very impressed with DIN’s product suite, as it is simple yet effective, evidenced by the project’s ability to attract over 200,000 users in a short period.
• The strong support from Binance Labs, a highly reputable backer, further underscores the potential of this project.
• DIN’s development roadmap is clear and well-aligned with its goals.
• Regarding the project’s token, since it has not yet been issued, I cannot provide a specific assessment at this time.

Conclusion

AZC.News has provided readers with information on what DIN is. If you have any questions, please leave a comment, and we will respond promptly!