ALL YOU NEED TO KNOW ABOUT DIN NODE SALE

Everything You Need to Know About the DIN Node Sale

Nov 03, 2024

I. About DIN

DIN is the First Modular AI-Native Data Pre-Processing Layer. Created from the foundation of the Data Intelligence Network, DIN is designed to empower everyone to cook data for AI and get paid.

🔗 Links

📌 Background

Formally named Web3Go.
Raised $4M seed funding from Binance Labs, Hashkey Capital, NGC, Shima Capital, IVC, LIF, Big Brain Holdings, and Archerman Capital.
Recognized as a top AI dApp on BNB Chain
xData user base surpassed 10 million.
Phase 1 of the Chipper Node Sale closed with $2.5M in sales.

II. DIN Chipper Node Details

1. What is Chipper Node?

The Chipper Node is an essential part of the DIN ecosystem, enabling the data validation and vectorisation process, and providing reward conversion computation power.

The Core of DIN Ecosystem

Chipper Nodes are the backbone of the DIN ecosystem, playing a crucial role in managing the continuous data flow essential for AI development. These nodes ensure the seamless integration and operation of various participants within the ecosystem. By serving as the central hub for data processing, Chipper Nodes uphold the integrity and efficiency of the entire DIN network.

The Bridge of Data Pre-Processing Procedure

Chipper Nodes will act as a crucial bridge in the data pre-processing procedure. As the license for Data Validators and Vectorizers, they will facilitate the validation, classification, cleaning, and augmentation of raw data collected by Data Collectors. The Chipper Nodes owners will be able to use their own edge devices to run these Chipper Nodes, making it more accessible for everyone to participate in the AI data revolution.

Edge Computing Advantages

Leveraging the benefits of edge computing, Chipper Nodes perform computations close to the data source, reducing latency and increasing processing efficiency.

Local Small Language Model Loading

The node loads small language classification models trained with fastText, enabling rapid and accurate multilingual text processing.

The Power Station of Reward Conversion

By providing the necessary computational power in the DIN ecosystem, Chipper Nodes enable the efficient distribution of profits generated from data pre-processing. These rewards are converted and distributed back to network participants, fostering a sustainable and incentivized environment for continuous engagement and contribution.

2. Chipper Node Prices

✔︎ 300 nodes – Tier 3: $199

✔︎ 300 nodes – Tier 4: $249

✔︎ 300 nodes – Tier 5: $369

DIN Mining: Up to 25% of the total supply will be allocated to reward

Emission: Adopts a release model of 50% unlocking in the first year and then halving per year.

3. Chipper Node Rewards

Wafer conversion fee

In the xDATA, users can earn Wafer by completing tasks and campaigns and then convert Wafer to xDIN by paying a small amount of converting fee to rent Chipper Nodes’ computing power.

The converting fee contains a fixed fee ( in $BNB) and $xDIN network cost ranging from 5% to 30% of the xDIN converted per request depending on the total daily converting requests and computing resources ( online Chipper Nodes). Normally, if the total converting requests increases with the computing resources simultaneously, the xDIN network rewards will remain at 8% - 10%. 100% of the fee (aka. Network Bonus) will be allocated to the node that handles the request.

When a request is raised, the system will automatically choose a node to handle the converting request from the low to high level to protect low-level nodes. As each node has its own computing attributes, namely Computing Limit and Computing Power, they have different handling power (number of request handling)

DIN Airdrop

Tier 1 nodes are for 1) our early and loyal users who holds our paid Chip NFT and have been active for a while; 2) our community OGs and GoDINs. Except for Tier 1 nodes, all other nodes from Tier 2 to Tier 10 will receive varying amounts of DIN airdrops at the DIN TGE.

60% of the airdrops will be unlocked at the TGE.
The remaining 40% will be unlocked linearly over 3 months.

DIN Mining

Up to 25% of the total supply of DIN will be allocated to reward LV.2 to LV.10 Chipper Node for their contributions to the network’s operation and security. The emission adopts a release model of 50% unlocking in the first year and then halving per year.

Each node can mine DIN by keeping their nodes “Online.” Rewards are earned based on a formula that considers the node's computing limit and cumulative uptime, with calculations happening in real-time. Uptime is tracked from the moment the node goes Online until it goes Offline, with each Online-Offline duration adding to the node’s cumulative uptime

Check details HERE

III. DIN Node Sale On Openpad

1. Node Sale Dates

Whitelist Registration: 09:00, 26 Oct 2024 UTC to 09:00, 29 Oct 2024 UTC
Whitelist Announcement: 10:00, 29 Oct 2024 UTC
Tier Round: 09:00 AM, 30 Oct 2024 UTC
Community Round: 12:30, 30 Oct 2024 UTC

2. Where To Buy Chipper Node?

Purchase at OpenPad AI Platform

4. Whitelist Status

Check the whitelist HERE

5. How To Run Chipper Node?

Discover Chipper Node Setup Tutorial HERE