API3 Price in India (API3)

API3 is a blockchain protocol that bridges the gap between APIs and smart contracts. In doing this, it enables secure, decentralized, and transparent data feeds for decentralized applications (dApps). Unlike traditional oracles, API3 uses a first-party oracle system that eliminates intermediaries, ensuring greater data reliability. 

The API3 token powers the ecosystem, providing governance, staking, and incentives.

API3 was founded by Heikki Vanttinen, Burak Benligiray, and Saša Milić. Vanttinen in 2020. The project focuses on enhancing the security and efficiency of data integration for blockchain ecosystems.

• First-party oracles: Connect traditional APIs directly to blockchain networks, eliminating intermediaries.

• DAO governance: API3 is governed by a decentralized autonomous organization (DAO), allowing token holders to influence project decisions.

• Staking: API3 token holders can stake their tokens to earn rewards and secure the network.

• Data transparency: Ensures that all data sources are secure, reliable, and auditable.

API3 is a unique and essential protocol for the blockchain ecosystem, addressing the growing need for decentralized and secure data feeds. Ranked among the top 500 cryptos by market cap, API3 has gained recognition for its innovative approach to Oracle systems. Analysts predict strong growth for API3 as blockchain applications expand and demand for reliable data increases.

The current price of API3, as of 31 January 2025, is ₹106. You can buy API3 from crypto exchanges like CoinSwitch.

• Governance: Use API3 tokens to participate in the protocol’s DAO and vote on project proposals.

• Staking: Stake API3 tokens to earn rewards and contribute to network security.

• Data feeds: Integrate secure and decentralized data feeds into blockchain applications.

• Trading: Buy and sell API3 tokens on platforms like CoinSwitch for potential profits.

• Eliminates intermediaries with first-party oracles, enhancing data reliability.

• DAO governance empowers the community and ensures decentralization.

• Supports scalable and transparent data integration for blockchain applications.

• It faces competition from established Oracle protocols like Chainlink.

• Adoption depends on the growth of blockchain applications requiring reliable data feeds.

• Market volatility, as it’s tied to the broader crypto market.

• Start investing in API3 with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for all users.

• Easily manage your transactions and portfolios on the app.

API3 (API3) is a decentralized platform that enables APIs to feed data to blockchain applications directly, utilizing first-party oracles. The API3 token has a total supply of 100 million tokens, distributed as follows: 30% to the ecosystem fund, 25% to partners and contributors, 20% to the team and advisors, 10% to the token sale, 10% to the reserve, and 5% to marketing and community initiatives. API3 tokens are used for governance within the API3 DAO and can be staked to earn rewards, aligning incentives among stakeholders.