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Founder Updates 2 min read

Tokenomics, Developer Licenses, Town Hall

June 17, 2024


  • Latest tokenomics draft is live for comments

  • The next DIMO Town Hall to cover developer platform and governance takes place tomorrow

  • A roadmap for the developer platform will be published in the next few days this week.

Big week last week — DIMO’s first major tokenomics proposal in over a year has been drafted and shared publicly. Here ‘s your summary: this proposal codifies how other apps built on DIMO will pay to access DIMO data. All payments for user data, as well as all other DIMO protocol fees (e.g., the fee to mint a car), requires spending DIMO Credits (DCX). The only way to generate DCX is by trading in $DIMO, which converts at the market price.

With 12 Developer Licenses issued we are getting closer to creating onchain revenue for DIMO as the builders behind these apps start to consume data. Importantly, they won’t just generate revenue for consuming data, but they will also launch great products on DIMO.

You can read the full proposal here, provide feedback on Github, and hear directly from the team at our first Town Hall, June 18.

I’ve also been working with the team to publish an updated roadmap for the DIMO Developer platform. I like the simplicity of these outline-style roadmaps from Base, Fleek, and Solana, and of course I love the interactive Polygon version. DIMO version coming this week. We’re going to start with a simple (outline version) then dive deeper on specific projects.

Last but not least, Michelin of all companies actually has the right idea for web3 + auto? This is basically a flavor of the DIMO vision, but it needs to be extended to full interoperability with the rest of the auto space.

Written by: Alex Rawitz Cofounder

Alex Rawitz has spent his career in and around startups in the crypto and IoT world, and is always looking to put these technologies to work making people’s lives better. Prior to DIMO, Alex worked with exchanges, defi protocols, and fintechs at Chainalysis. Before that he worked in sales at Servato, an IoT company in the telecom space. He started his career at a startup accelerator, The Idea Village, in New Orleans.

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