DIN, the First Modular AI-Native Data Pre-Processing Layer, has successfully closed a $4 million pre-listing round, bringing its total funding to $8 million. Building on this momentum, DIN officially launched the Chipper Node Sale on August 13, a crucial move in its mission to shape the decentralized AI data economy.
DIN’s funding background
Last July, DIN secured $4 million in a seed round led by Binance Labs, with additional support from HashKey Capital, NGC Ventures, Shima Capital, IVC, LIF, Big Brain Holdings, and Archerman Capital. This year, DIN has completed a $4 million pre-listing round, bringing its total funding to $8 million with backing from investors like Manta, Moonbeam, Ankr, Maxx Capital, and others.
To further its mission of empowering everyone to process data for AI and earn rewards, DIN is leveraging its strong financial backing to roll out new opportunities for community involvement. Following the successful fundraising, DIN is now focusing on expanding its ecosystem through the DIN Chipper Node sale, providing both early access and global participation in the AI data economy.
Chipper Nodes: What they are and why they matter
Data is crucial in driving AI development. However, whether in Web2 or Web3, data is often monopolized by tech giants. The DIN is designed to involve everyone in AI data processing, ensuring that data ownership remains solely with the users. Additionally, users are rewarded for their contributions.
In the DIN ecosystem, Data Collectors, Validators, and Vectorizers work together to handle AI data. Collectors gather and label raw data, which Validators and Vectorizers process for quality and usability. This ensures a steady flow of high-quality data for AI model training and trading.
xData is the AI data node infrastructure on DIN, where over 3 million users collect and label raw data for AI and earn rewards. As the amount of collected data continues to grow, the need for further processing increases. This is where the launch of the Chipper Node becomes crucial.
Chipper Nodes are essential licenses for Data Validators and Vectorizers in the DIN ecosystem. They leverage edge computing for faster, localized processing and support multilingual text analysis using small language models trained with fastText. Additionally, Chipper Nodes provide the computational power necessary for efficiently converting rewards earned through xData into airdrop points, serving as a crucial basis for DIN token distribution. This process creates a sustainable, incentivized environment that encourages continuous participation and contribution.
Benefits of owning and running DIN Chipper Nodes
DIN’s nodes are divided into 10 tiers, with a total of 131,600 nodes. Starting from August 13, DIN has made the Tier 1 Chipper Node available for free claim by active users and community contributors. Beginning August 20, users worldwide can purchase nodes to become part of the DIN ecosystem and contribute to AI data pre-processing. Owning and running a DIN Chipper Node offers several key benefits, including early access to rewards, a substantial share of DIN tokens, and exclusive airdrop opportunities.
Early owners can start node running sooner and start mining more xDIN rewards.
25% of DIN token supply reserved for Chipper Nodes, with 50% unlocking in the first year.
Additional DIN token airdrop before TGE: 100% unlocked at TGE for xDIN holders, and 13% unlocked at TGE with 6-month linear vesting for Chipper Nodes holders.
The Chipper node sale will be conducted in phases
Pre-Sale launch: August 13, 2024
Whitelist sale launch: August 20, 2024
Public sale launch: August 22, 2024
For more details on the DIN Chipper Node sale and how to participate, click here.
About DIN
DIN, the First Modular AI-Native Data Pre-Processing Layer, was created from the foundation of the Data Intelligence Network to empower everyone to cook data for AI and get paid. As part of this mission, DIN has launched xData, the first AI data node infrastructure, on opBNB. Within three months of its launch, xData has integrated with OKX Wallet and Mantle Network, initiated multi-chain deployment, and attracted over 3 million users, with more than 500k daily active users. Multiple ecosystems and projects are now leveraging xData as AI data consumers to drive social media growth.
DIN’s project updates are continuously evolving. Please stay tuned to DIN’s X page, Discord, and Telegram!
