What is API3 (API3)?
API3 is a project that aims to connect the gap between blockchain technology and traditional application programming interfaces (APIs). The main objective of the project is to create decentralized versions of APIs that can be built, managed, and potentially monetized at scale. This project aims to provide smart contracts with timely, real-world data, which is crucial for various sectors, including decentralized finance and supply chain management.
How API3 (API3) Works
API3's approach to solving the "Blockchain Oracle Problem" involves enabling API providers to potentially operate their own nodes, which eliminates the need for third-party oracles. The solution is achievable through the use of a light and robust middleware called Airnode, which can be deployed in minutes. Airnode enhances transparency and aims to reduce transaction fees, making API3 a practical solution for connecting smart contracts with real-world data.
The potential use cases of API3 are wide-ranging, particularly in sectors that rely heavily on real-time data. The decentralized finance (DeFi) sector, for instance, can benefit from API3's ability to provide accurate and up-to-date price data for various cryptocurrencies. This capability enables smart contracts to execute trades based on the most current market information. Similarly, in supply chain management, API3 can provide real-time data on product location, status, and other critical details, enabling smart contracts to automate various processes in the supply chain. API3's ability to establish direct connections between APIs and smart contracts opens up numerous possibilities for blockchain integration in various industries.
How Many API3 (API3) Tokens Are in Circulation?
API3 has a total supply of 125,324,588. The current circulating supply of API3 is 86,421,978.
How to Buy API3 (API3)
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API3 (API3) Resources
Buy API3 in India with Bitget!
Simple 3-step guide to buying API3 today in India
Create your free Bitget account
Select a funding method
Complete your API3 purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for API3 using a payment method of your choice:
Buy API3 with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your API3 order.
How to buy crypto with credit/debit cardBuy API3 with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into API3 is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your API3 order.How to buy crypto via third-party gatewayBuy with bank transfer
Buy API3 via bank transfer: We accept UPI for INR payments. Services are provided by NeoFi payment gateway. Click Buy Crypto > [Third Party] in the top navigation bar to place your API3 order.Buy API3 with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your API3 order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor API3 in your Bitget spot wallet
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