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API3 is a novel cryptocurrency that aims to provide a solution to the problem of reliable data access for smart contracts. The primary objective of API3 is to allow decentralized versions of APIs (Application Programming Interfaces) to be built, managed, and monetized at scale. As blockchain technology becomes more prevalent in sectors like decentralized finance and supply chain management, API3's mission to provide timely, reliable real-world data to smart contracts becomes increasingly important.
The creators of API3 include Heikki Vanttinen, Burak Benligiray, and Saša Milić. Vanttinen, an experienced blockchain professional, has written extensively about API3 and its objectives. Benligiray, who previously served as the CTO at CLC Group, has highlighted the merits of ChainAPI, the integration platform for API3. Milić, a former lecturer at the University of Toronto and a software engineer for Facebook, brings a wealth of technical expertise to the team.
The API3 token supply is capped at 100 million tokens. As of January 2020, there were approximately 13.8 million API3 tokens in circulation. The token distribution includes allocations for pre-seed and seed investors, a public token distribution event, the founding team, partners and contributors, and an ecosystem fund.
API3 tokens can be purchased on various cryptocurrency exchanges. These platforms allow users to exchange other cryptocurrencies or fiat currencies for API3 tokens. It's important to research and choose a reputable exchange that offers API3 trading pairs.
API3 is primarily used to facilitate the creation, management, and monetization of decentralized APIs. These APIs provide a crucial link between blockchains and off-chain data, enabling smart contracts to access up-to-date, reliable information. This makes API3 a key component in the functioning of decentralized applications (dApps) and platforms.
API3 has seen several significant developments since its inception. One of the most notable is the creation of Airnode, a light and robust middleware that can be deployed in minutes. This tool enhances transparency and substantially reduces transaction fees, making API3 a more efficient and cost-effective solution for dApps and platforms. The team behind API3 continues to work on improving the system and expanding its capabilities, with more updates and advancements expected in the future.
API3 has been making significant strides in expanding its partnerships. Recently, it announced collaborations with Injective and Harmony, aiming to integrate its decentralized APIs (dAPIs) into these platforms. This will provide highly reliable, transparent, and decentralized data to projects built on top of these platforms. API3 is also partnering with Openfabric, enabling developers to create AI-enabled applications.
In recent news about API3, the company has made its dAPIs available on several platforms including BNB Chain, RSK, Polygon, and Avalanche. This move aims to deliver high-quality cryptocurrency data to smart contracts on these platforms. Additionally, API3 has launched a Quantum Random Number Generator (QRNG) on several networks, providing developers with a source of truly random numbers.
API3 has been actively working on building its community and ecosystem. The API3 DAO has proposed a focus on developing the API3 ecosystem, fostering strong relationships with partners, and providing support for dApps looking to use dAPIs. The operations team has also been working to ensure the safety of their social communities and smooth out processes for onboarding users to their data feeds.
For those interested in the API3 price today and wondering where to buy API3, it's important to note that it can be purchased through various cryptocurrency exchanges that support API3. However, always ensure to use reputable platforms to safeguard your investments.
Headlines are updated in real time. Click on a headline to the left to read the news.
API3 is a novel cryptocurrency that aims to provide a solution to the problem of reliable data access for smart contracts. The primary objective of API3 is to allow decentralized versions of APIs (Application Programming Interfaces) to be built, managed, and monetized at scale. As blockchain technology becomes more prevalent in sectors like decentralized finance and supply chain management, API3's mission to provide timely, reliable real-world data to smart contracts becomes increasingly important.
The creators of API3 include Heikki Vanttinen, Burak Benligiray, and Saša Milić. Vanttinen, an experienced blockchain professional, has written extensively about API3 and its objectives. Benligiray, who previously served as the CTO at CLC Group, has highlighted the merits of ChainAPI, the integration platform for API3. Milić, a former lecturer at the University of Toronto and a software engineer for Facebook, brings a wealth of technical expertise to the team.
The API3 token supply is capped at 100 million tokens. As of January 2020, there were approximately 13.8 million API3 tokens in circulation. The token distribution includes allocations for pre-seed and seed investors, a public token distribution event, the founding team, partners and contributors, and an ecosystem fund.
API3 tokens can be purchased on various cryptocurrency exchanges. These platforms allow users to exchange other cryptocurrencies or fiat currencies for API3 tokens. It's important to research and choose a reputable exchange that offers API3 trading pairs.
API3 is primarily used to facilitate the creation, management, and monetization of decentralized APIs. These APIs provide a crucial link between blockchains and off-chain data, enabling smart contracts to access up-to-date, reliable information. This makes API3 a key component in the functioning of decentralized applications (dApps) and platforms.
API3 has seen several significant developments since its inception. One of the most notable is the creation of Airnode, a light and robust middleware that can be deployed in minutes. This tool enhances transparency and substantially reduces transaction fees, making API3 a more efficient and cost-effective solution for dApps and platforms. The team behind API3 continues to work on improving the system and expanding its capabilities, with more updates and advancements expected in the future.
API3 has been making significant strides in expanding its partnerships. Recently, it announced collaborations with Injective and Harmony, aiming to integrate its decentralized APIs (dAPIs) into these platforms. This will provide highly reliable, transparent, and decentralized data to projects built on top of these platforms. API3 is also partnering with Openfabric, enabling developers to create AI-enabled applications.
In recent news about API3, the company has made its dAPIs available on several platforms including BNB Chain, RSK, Polygon, and Avalanche. This move aims to deliver high-quality cryptocurrency data to smart contracts on these platforms. Additionally, API3 has launched a Quantum Random Number Generator (QRNG) on several networks, providing developers with a source of truly random numbers.
API3 has been actively working on building its community and ecosystem. The API3 DAO has proposed a focus on developing the API3 ecosystem, fostering strong relationships with partners, and providing support for dApps looking to use dAPIs. The operations team has also been working to ensure the safety of their social communities and smooth out processes for onboarding users to their data feeds.
For those interested in the API3 price today and wondering where to buy API3, it's important to note that it can be purchased through various cryptocurrency exchanges that support API3. However, always ensure to use reputable platforms to safeguard your investments.