Api3
API3 Price
API3, launched in 2020, revolutionizes dApps with secure, transparent direct data links, fostering decentralized governance and innovation. More
| Fully Diluted Valuation | $104.15M |
|---|---|
| 24H Trading Volume | $15.66M |
| 24H Low / High | $0.67 / $ 0.71 |
| Circulating Supply | 124.64 M |
| Total Supply | 149.60 M |
| Max Supply | 149.60 M |
| Categories | Decentralized Finance (DeFi) 4 more |
|---|---|
| Founder | Heikki Vänttinen |
| Website | api3.org |
| Socials | 5 more |
| Chains | Ethereum Ecosystem |
| Explorer | Arkhamintelligence 3 more |
| Contracts |
0x0b3....1b88a
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| Name | Pair | OG Score |
|---|
API3, launched in September 2020, represents a cutting-edge blockchain project that seeks to revolutionize the way decentralized applications (dApps) interact with real-world data. At its core, API3 offers a suite of decentralized APIs (dAPIs), providing a direct bridge between off-chain data sources and on-chain applications, bypassing the traditional need for oracles and thereby reducing potential points of failure. This innovative approach is crucial in a blockchain ecosystem increasingly reliant on timely and reliable data, especially in sectors like decentralized finance (DeFi) and supply chain management.
The uniqueness of API3 lies in its approach to data integrity and transparency. By aggregating data directly from first-party oracles on native chains, API3 ensures that the data source is always transparent and reliable, addressing a critical need in the blockchain space. This method significantly enhances the security and accuracy of data feeds, a vital component for DeFi applications and other blockchain-based services. Furthermore, API3 extends its offerings with specialized services such as a quantum mechanics-derived random number generator and an array of Web3 APIs, covering areas like AI, blockchain analytics, and digital identity.
Security and governance are also central to the API3 ecosystem. As an ERC-20 token on the Ethereum blockchain, API3 emphasizes decentralized governance, allowing token holders to partake in key decision-making processes through an on-chain voting mechanism. This community-driven approach ensures a democratized and transparent governance model, aligning with the ethos of the decentralized web. Moreover, the introduction of solutions like Airnode, a serverless Web3 API gateway, and OEV Share, designed to minimize value loss due to MEV, showcases API3's commitment to innovating and addressing complex challenges in the blockchain space.
API3 stands out for its first-party oracles and decentralized APIs, offering direct, transparent data connections between off-chain sources and on-chain applications, enhancing data integrity and security in blockchain ecosystems.
API3 was co-founded by Heikki Vänttinen, a key figure in the project who has contributed significantly to its development and vision.
Spesific backers and investors of API3 are Pantera Capital, Digital Currency Group (DCG), Hashed Fund, CoinFund, Placeholder Ventures, Accomplice Blockchain, Block0 among others.
API3 doesn't specifically use a traditional blockchain consensus mechanism like Proof of Work or Proof of Stake. Instead, it focuses on decentralized governance through its DAO (Decentralized Autonomous Organization), where token holders participate in decision-making.
You can buy Api3 (API3) on Binance, BitgetOKXCoinbaseMEXC cryptocurrency exchanges.
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API3 is an ERC-20 token based on the Ethereum blockchain.
There may be different staking options available such as to participate in DAOs, decentralized governance and for revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Api3 (API3) is ($124,644,376), max supply of Api3 API3 is ($149,597,028) and the market cap of Api3 API3 is ($86,773,719).
What is the Api3 (API3) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Api3 (API3) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Api3 (API3) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Api3 API3) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Api3 (API3) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Api3 (API3) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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