Buy API3
What is API3?
API3 is a blockchain-native, decentralized API platform designed to connect decentralized applications (dApps) with traditional Web APIs. It aims to ensure decentralization and provide quantifiable security through the use of decentralized APIs (dAPIs) and decentralized autonomous organization (DAO) governance.
How does API3 work?
API3 facilitates direct integration of APIs with blockchain applications using several key technologies:
- Airnode Technology: Allows API providers to serve as their own oracles without third-party intermediaries, enhancing security and reducing costs.
- DAO Governance: API3 is governed through a DAO which ensures transparent and decentralized decision-making, with token holders participating in governance.
- Smart Contracts: API3 utilizes Ethereum-based smart contracts to facilitate the integration of traditional APIs with blockchain applications, ensuring secure and reliable data access.
What are the potential use cases for API3?
API3 has diverse use cases across multiple sectors:
- DeFi Applications: Providing data feeds and confirming trade data for financial dApps.
- Synthetic Tokens: Supplying exchange rates for synthetic assets.
- Price Feeds: Offering real-time data for various financial instruments.
- Industry Applications: Benefiting sectors such as finance, supply chain, gaming, healthcare, and government by providing secure and decentralized data integration solutions.
- Partnerships: API3 has partnered with platforms like Alchemy to expand its market and address scaling issues.
What is the history of API3?
API3 was founded by Heikki Vanttinen, Burak Benligiray, and Saša Milić in 2020. The project quickly gained traction, surpassing $1 billion in total value secured within 100 days. API3 focuses on providing developer-friendly tools and has introduced first-party oracle architecture to support expansion across multiple blockchains. It has seen significant adoption in the DeFi space, with numerous protocols utilizing its services. The API3 token serves as a key instrument in its governance and security systems.
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Frequently Asked Questions (FAQs)
What is the current price of API3 (API3)?
The API3 price is $2.6259 AUD, representing a +6.78% from the day prior.
Where is the best place to buy API3 (API3) in Australia?
The best place to buy API3 (API3) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell API3 (API3) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of API3 (API3)?
The trading volume of API3 (API3) is $24.3M AUD in the last 24hrs, representing a +6.78% from the day prior.
How can I buy API3 (API3)?
API3 (API3) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of API3 (API3)?
The current market cap of API3 (API3) is $305.5M AUD.
Can I convert API3 (API3) to cash?
Yes - With Coinstash you can convert your API3 (API3) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many API3 (API3) are there?
The current circulating supply of API3 (API3) is 117.5M.
Is Coinstash a safe place to buy API3 (API3) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling API3 (API3) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.