DIN has been showing strong momentum, with over 700,000 daily users and more than 1.2 million 
daily transactions on opBNB in October, according to DappBay.
Most of these transactions involve xData users who need to make daily on-chain actions to activate their xData apps and earn points. DIN ranks consistently among the top 10 dApps on BNB Chain, often even holding the #1 spot by users. Given the longevity of BNB Chain and its backing by Binance, this is an impressive achievement.
For context, some other leading apps on BNB Chain include:
Vooi, a decentralized exchange aggregator
Particle Network, an omnichain protocol in testnet
Revox, a modular on-chain network with ReadON, a popular content app
SERAPH, a Souls-like RPG game
MyShell, a no-code, AI app store ecosystem
DIN's xData platform has gathered and labelled over 100 million tweets, with a user base exceeding 30 million across opBNB and Mantle. This impressive ability to generate real-time datasets of relevant tweets doesn't rely on the X API and demonstrates DIN's scalability. The team plans to expand data collection to other platforms like Reddit, Facebook, and Instagram, which could unlock even greater potential.
Additionally, DIN launched Reiki in January 2024, a platform allowing users to create AI agents like chatbots without coding experience. Reiki gained quick popularity, becoming the #1 product on Product Hunt. Users could personalize their bots and even mint them as NFTs, adding an ownership layer. Although the platform has been largely deprecated for now, the DIN team hasn't ruled out reviving it post-token launch, which could further enhance the utility of their token and integrate it with the data collected by xData.
The crypto world is buzzing, with major events like Trump securing another four years as U.S. president and Bitcoin hitting new all-time highs. This week, we dive into a unique project, DIN (Data Intelligence Network), which has been making waves in the world of data collection and AI.
The Data Gold Rush
Much like the California Gold Rush of the 1800s, the crypto and AI industries are witnessing a similar land rush. People are scrambling to capitalize on emerging technologies, and while many crypto AI projects are still in their infancy or running on testnets, the groundwork being laid now could fuel the growth of a decentralized AI ecosystem, akin to the transformative impact of the original gold rush.
Imagine my surprise when I discovered a Crypto AI project with over 700,000 daily active users—something unheard of in such a young field. Naturally, I had to investigate further, and that project is DIN.
Crypto and Data Networks
Crypto is revolutionizing data collection by offering a decentralized alternative to the centralized entities that currently control access to valuable datasets. Big companies like Reddit and X (formerly Twitter) charge hefty fees for data access, but crypto data networks like DIN aim to break free from this monopoly. These networks incentivize data labeling through tokens, enabling individuals to contribute to large-scale data collection while ensuring data ownership is transparent and fairly distributed through the blockchain.
DIN’s Mission
DIN is tackling the data problem directly by collecting and validating both on-chain and off-chain data using blockchain technology as the settlement layer. The goal is to return data ownership to users and allow them to earn rewards for their contributions.
How DIN Works
DIN’s flagship product, xData, is designed to collect and organize data from social media platforms like X without relying on centralized APIs. It operates on a decentralized network to ensure privacy and ownership. Users can install a browser plugin, link their X account, and earn "wafers" (points) for tagging tweets. These wafers can be converted into tokens during the Token Generation Event (TGE).
To ensure the quality and accuracy of data, DIN uses Chipper nodes—AI-driven validation and processing nodes that run locally on users' devices. These nodes validate user-submitted data and help build a more accurate and intelligent network over time. While computation nodes for privacy processing are still in development, DIN’s vision is to make data securely accessible through decentralized storage on IPFS.
The Token Design
DIN is preparing for its token launch, with a Chipper Node sale in August-September 2024 raising $2.5M. Users can convert their wafers into xDIN, a pre-airdrop token, with a conversion fee that benefits Chipper Node owners. Once the TGE occurs, users will receive DIN tokens based on their xDIN holdings, with no complex lock-up periods.
For the demand side, validators will likely need to stake DIN tokens to participate in the network, earning rewards for validating data. Data consumers (such as businesses) will also need to spend DIN tokens to access the data. The goal is to bridge the gap between traditional businesses and decentralized data networks.
DIN has already raised significant funds, securing $8M in total funding from major investors, including Binance Labs, HashKey, and Moonbeam Network. The core team boasts strong expertise in AI and blockchain, with a commitment to building a data-driven future for AI.
Conclusion
DIN’s decentralized data collection and validation network is positioning itself as a key player in the rapidly growing AI space. By breaking away from centralized data monopolies, it aims to create a fairer, more transparent system where data ownership is returned to users and AI innovation is driven by a diverse, decentralized ecosystem.
