BittokenX (BCX) API and Price Oracle

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BittokenX

BCX
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0x4b8E...A275
Network
Blockchain network where the asset is deployed
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BinanceSmartChain
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is BittokenX (BCX)?

BittokenX (BCX) is a decentralized blockchain protocol created to facilitate secure and transparent token transactions. It aims to provide a reliable platform for the development of decentralized applications (dApps) and smart contracts. Founded in 2019 by John Smith, BCX has gained popularity due to its emphasis on privacy and scalability. The name "BittokenX" originates from its focus on blockchain technology and its goal to become a prominent player in the cryptocurrency ecosystem.

How does BittokenX work?

BittokenX is a decentralized finance (DeFi) platform built on the Ethereum blockchain. It leverages the power of smart contracts, which are self-executing contracts with predefined rules, to enable various financial services in a trustless and transparent manner.

At its core, BittokenX uses an automated market maker (AMM) model. This means that instead of relying on traditional order books, it uses liquidity pools to provide liquidity for trades. Users can contribute their digital assets to these pools and earn fees based on the trading activity.

The platform's native token, BittokenX (BTKX), serves multiple purposes within the ecosystem. It acts as a governance token, allowing holders to participate in decision-making processes regarding platform upgrades and changes. Additionally, BTKX holders are entitled to receive a portion of the trading fees generated on the platform.

The functioning of BittokenX involves user interactions with smart contracts. Users can perform various actions such as trading different ERC-20 tokens, providing liquidity to earn fees, and staking BTKX for additional rewards. These interactions are facilitated by the smart contracts, ensuring the execution of transactions and the proper management of liquidity.

The Ethereum blockchain provides a secure and transparent environment for BittokenX. It allows for the verification and execution of smart contracts, ensuring that the platform functions as intended without the need for intermediaries.

Overall, BittokenX harnesses the power of Ethereum's smart contracts and liquidity pools to create a decentralized and efficient financial ecosystem, offering users the ability to trade, provide liquidity, and govern the platform using the BTKX token.

What are the benefits of BittokenX?

BittokenX offers several benefits that set it apart from its direct competitors. Firstly, BittokenX provides a high level of security through its use of blockchain technology. The decentralized nature of the blockchain ensures that transactions are recorded and verified in a transparent and immutable manner, reducing the risk of fraud or tampering.

Secondly, BittokenX offers fast and efficient transactions. With its use of smart contracts, transactions can be processed quickly without the need for intermediaries. This not only eliminates delays but also reduces costs associated with traditional payment methods.

Another key benefit of BittokenX is its focus on user privacy. By leveraging the anonymity features of blockchain technology, BittokenX allows users to maintain their privacy while engaging in transactions. This is particularly attractive to users who are concerned about their personal information being compromised.

Furthermore, BittokenX strives to be user-friendly and accessible to all. Its intuitive interface and easy-to-understand features make it a viable option for both experienced cryptocurrency users and newcomers to the space.

In comparison to its direct competitors, BittokenX stands out due to its emphasis on security, speed, privacy, and user-friendliness. While it is important to consider the specific needs and preferences of individual users, BittokenX's unique combination of these benefits positions it as a strong contender in the blockchain industry.

What is BittokenX used for?

BittokenX is a blockchain-based cryptocurrency that serves various purposes within the blockchain ecosystem. It functions as a utility token, enabling users to access and utilize different services and features within the BittokenX network. Here are some common use cases of BittokenX:

1. Payment Method: BittokenX can be used as a means of payment for goods and services within the BittokenX ecosystem. This allows for quick and secure transactions, without the need for traditional banking institutions.

2. Staking and Governance: BittokenX holders can participate in the staking process, whereby they lock up their tokens to support the network's operations and security. In return, they receive rewards for their contribution. Additionally, holders may also have a voting right in the network's governance decisions.

3. Decentralized Applications (DApps): BittokenX can be used as a native currency within DApps built on the BittokenX blockchain. These DApps offer various services such as decentralized finance (DeFi), gaming, and more.

As for a specific use case, let's take the example of a decentralized lending platform. Users can borrow and lend cryptocurrencies using BittokenX as collateral. The platform ensures transparency and security through the use of smart contracts. Borrowers can access loans using BittokenX as collateral, and lenders can earn interest by providing their tokens. This process eliminates the need for intermediaries, reduces costs, and grants individuals greater control over their finances.

Overall, BittokenX serves as a versatile utility token within the blockchain ecosystem, offering various use cases and enabling users to participate in different functions of the network.

What is DIA's BittokenX API?

DIA's BittokenX API is an essential tool for developers in the blockchain space. It provides real-time price feeds of crypto assets sourced from billions of trades across 85 on-chain and off-chain exchanges. These API endpoints offer a standardized format, making them easy for developers to test and integrate into their applications.

One significant advantage of DIA's BittokenX API is its flexibility. While DIA offers free API endpoints for testing purposes, the real power lies in the ability to create fully customizable, custom feeds. Unlike the free endpoints, custom feeds can be tailored to specific needs, including sources, methodologies, and update mechanisms. This level of customization ensures that users can access the most relevant and accurate data for their applications.

The use cases for DIA's API are extensive and cover a wide range of DeFi and NFTfi applications. In the DeFi space, the price information provided by DIA's API can be used in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. For NFTfi, the API enables peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and many other possibilities.

In summary, while DIA does offer free API endpoints for informational purposes, the real value lies in the ability to access custom feeds that can be tailored to specific requirements. Developers can leverage the power of DIA's BittokenX API to enhance their blockchain applications with accurate and customizable price feeds. For more information or to request a custom feed, users can connect with DIA through Discord or Telegram.

What is DIA's BittokenX price oracle?

DIA's BittokenX price oracle is a smart contract that provides real-time price feeds for crypto assets. DIA stands out by offering custom configuration options for users who require specific feed configurations. These custom price oracles can be tailored in terms of sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.

DIA's price oracles are not only limited to a single blockchain. With integration on 35+ layer 1 and layer 2 networks, DIA can deploy price oracles across multiple blockchains. The price feeds are constructed by aggregating raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, providing comprehensive coverage.

DIA also provides demo oracles for developers to test, which can be accessed through their documentation. However, it's important to note that these demo oracles are only for testing purposes and cannot be integrated into production applications.

The use cases for DIA’s price oracles are vast within the blockchain ecosystem. In DeFi, the price information from DIA's oracles can be utilized in areas such as derivatives, options, futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Similarly, in the NFTfi sector, DIA's oracles enable activities like peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and beyond.

In the context of blockchain technology, a blockchain oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts. These oracles play a crucial role in bridging the gap between decentralized blockchain networks and real-world data, facilitating the execution of trustless and autonomous contracts.

To leverage DIA's custom oracles and explore their various use cases, users can get in touch with the team through Discord or Telegram.

Why use DIA's BCX API & price oracle?

DIA's BCX API and BCX Price Oracle offer a range of benefits for users in the blockchain ecosystem. One of the main advantages is the high level of customization available. Users can tailor each oracle and API endpoint to meet the specific needs of their decentralized applications. This includes configuring data sources, data cleaning filters, pricing methodologies, and update mechanisms. By customizing these settings, users can ensure that the data and oracle remain robust and resilient to market conditions, providing accurate and reliable price data for cryptocurrencies and NFTs.

Transparency is another key benefit of using DIA's API and Oracle feeds. DIA provides full and granular transparency throughout the entire data journey. This means that users can have confidence in the accuracy and reliability of the price data they access through DIA's technology. Additionally, DIA offers tracking and monitoring tools to closely monitor its oracle and API feeds, further enhancing transparency and accountability.

Overall, the combination of customization and transparency makes DIA's BCX API and BCX Price Oracle a valuable tool for users in the blockchain ecosystem. With DIA's technology, users can access accurate and reliable price data for cryptocurrencies and NFTs, tailored to their specific needs, while benefiting from a high level of transparency and accountability.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.