DIMO logo
DIMO
DIMO
$0.18

Sector

Interoperability

Exchange Debut

2022-12-15

Market Cap

41,273,164

Maxim Supply

1,000,000,000

Circulating Supply

224,922,389

Circ. Supply(%)

22.49%
DIMO logo

DIMO

DIMO

Price

$0.18

Market Cap

Sector

Exchange Debut

41,273,164
2022-12-15

Volume 24h

High 24h

Low 24h

2045341
0.202690490196
0.182752932313

Change 24h

Change 7d

Change 30d

-1.3637
-13.3486
-17.7679

Maxim supply

Circulating supply

Circulating supply(%)

1,000,000,000
224,922,389
22.49%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the DIMO cryptocurrency:

 

DIMO aims to revolutionize the automotive and IoT sectors by allowing vehicle owners to collect, utilize, and monetize their car data. With a focus on open-source development and a sturdy foundation in the Ethereum Virtual Machine, the project offers promising utility. However, the fundamental analysis of the DIMO cryptocurrency yields a mixed review, with a final score of 4.86 out of 10, indicating room for improvement across various metrics.

SOCIAL & MASS MEDIA: Score 3.94 out of 10

Social engagement is lackluster, scoring particularly low in the ability to attract followers and media presence, both scoring a 1 out of 10. Although community activity on social media is robust, scoring a perfect 10, the overall low scores suggest an urgent need for better marketing and media strategies.

AUDIT & SECURITY: Score 1.58 out of 10

Security and audit are significant weak points for DIMO. The fundamental analysis of the DIMO cryptocurrency shows zero points in audit results, signifying a potential high-risk factor. While transparency scores a 7, low liquidity on exchanges at 3.5 adds to investor concerns.

TOKENOMICS: Score 3.58 out of 10

DIMO’s token economy raises several questions. It scores a low 2 for being an inflationary project and for having a centralized monetary mass, signaling potential issues in long-term value and trust.

ECOSYSTEM DEVELOPMENT: Score 6.2 out of 10

This criterion fares better, with solid scores for achieving objectives and planning new developments, both scoring a 7. Yet, considering the fundamental analysis of the DIMO cryptocurrency, there’s still work to be done for a fully robust ecosystem.

TEAM & DEVELOPERS: Score 1.2 out of 10

The experience of the team and the number of software developers are concerning low points, with scores of 1 and 2, respectively. These low scores question the team’s ability to execute and scale the project effectively.

PRODUCT & UTILITY: Score 7.6 out of 10

This is where DIMO shines. With high scores for the utility of both the product and the tokens in the ecosystem, it shows that the fundamental concept has strong potential value.

PARTNERS & INVESTORS: Score 7 out of 10

Partnerships and investor interest are relatively strong, both scoring a 7, indicating reasonable confidence in DIMO’s prospects.

Fundamental analysis of the DIMO cryptocurrency – The final conclusion

Given the scores from our fundamental analysis of the DIMO cryptocurrency, it’s evident that while the project has promising utility and partner engagement, it faces critical challenges in audit and security, tokenomics, and team experience. This mixed bag makes DIMO a high-risk, high-reward investment. Prospective investors should weigh the solid scores in product utility and ecosystem development against the low scores in crucial areas like team and security. Therefore, caution is advised for anyone considering investment in DIMO, as the project will need significant improvements to present a more balanced risk profile.

What is DIMO?

What DIMO Is and How It Functions

DIMO serves as a robust platform for vehicle owners who want to gain extra value from their cars. Utilizing DIMO apps, owners can collect, use, and even monetize data from their vehicles. Built on open source components, DIMO promises transparency, privacy, composability, and reliability. The architecture leans on the Ethereum Virtual Machine for blockchain-based functionalities, bringing with it cryptography, real-world hardware, and an expansive ecosystem of applications.

Establishing Blockchain-Based Identity

The platform establishes a secure identity for users, vehicles, trips, and more via NFTs and other smart contracts. This feature interacts with licensed hardware devices like the DIMO Data Miner and approved software APIs such as the Tesla API to cryptographically attach telemetry data to vehicles and trips.

Business and User Applications

Companies like Digital Infrastructure Inc., Geico, Tesla, and Ford can issue verifiable blockchain credentials, effectively making secure claims about the user or the vehicle. For example, they can verify that a vehicle is registered or has had its oil changed on a specific date. The fundamental analysis of the DIMO cryptocurrency indicates that such capabilities may have long-term sustainable utility.

User-Centric Data Control and Developer Opportunity

Users maintain control over their data, choosing what to share and with whom on a case-by-case basis. For developers, DIMO offers the prospect of licensing its technology to innovate in areas like ADAS and EV battery systems, improve existing business models, or create entirely new application categories such as vehicle-to-vehicle communication. By integrating blockchain, open source software, and real-world hardware, DIMO creates a secure and transparent. 

Fundamental analysis of the DIMO cryptocurrency

DIMO-DIMO performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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