FedoraCoin (TIPS) API and Price Oracle

FedoraCoin

TIPS
$
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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0xE27D...8031
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 FedoraCoin (TIPS)?

FedoraCoin (TIPS) is a decentralized cryptocurrency that was launched in 2013. It aims to facilitate microtransactions and online tipping within social media platforms. The founder of FedoraCoin is unknown, and it was founded as an open-source project. The name "FedoraCoin" is derived from the popular hat, representing the idea of tipping in the online community. TIPS operates on its own blockchain and employs a proof-of-stake algorithm for mining.

How does FedoraCoin work?

FedoraCoin (TIPS) is a digital cryptocurrency that operates on a blockchain network. It is built using the Scrypt algorithm, which ensures both security and efficiency in the transaction process.

FedoraCoin functions on its own blockchain, a distributed ledger that records all transactions. This blockchain technology is decentralized, meaning it is not controlled by any central authority or government. Instead, it relies on a network of nodes that validate and record transactions.

The FedoraCoin blockchain ensures transparency, immutability, and security. Every transaction made using TIPS is verified and added to the blockchain, which can be accessed and audited by anyone at any time. This makes it resistant to fraud and tampering.

The functioning of FedoraCoin is similar to other cryptocurrencies. Users can send and receive TIPS coins through their digital wallets. These transactions are bundled together into blocks, and miners compete to solve complex mathematical problems to validate these blocks. Once a block is validated, it is added to the blockchain, and the miner is rewarded with newly minted FedoraCoins.

One interesting aspect of FedoraCoin is its community-driven nature. This digital currency aims to bring people together through the use of cryptocurrency. It encourages tipping and charitable donations, as well as providing a fun and engaging user experience.

Overall, FedoraCoin operates on its own blockchain, leveraging the Scrypt algorithm for secure and efficient transactions. It offers a community-focused approach to cryptocurrency, creating a platform for tipping and donations while utilizing the benefits of blockchain technology.

What are the benefits of FedoraCoin?

FedoraCoin, or TIPS, is a cryptocurrency that aims to enable microtransactions and tipping on various social media platforms. Compared to its direct competitors, FedoraCoin offers a few distinct benefits.

Firstly, FedoraCoin provides fast and low-cost transactions. Its blockchain has a block time of just 10 seconds, allowing for quick confirmation of transactions. Moreover, the network fees for sending TIPS are generally lower compared to other cryptocurrencies, making it suitable for small-value transactions.

Another benefit of FedoraCoin is its strong community and widespread adoption. TIPS has gained popularity as a cryptocurrency for tipping on platforms such as Reddit, Twitter, and Twitch. This widespread usage increases its utility and provides users with numerous avenues for utilizing and receiving TIPS.

Furthermore, FedoraCoin implements Proof-of-Stake (PoS) mining, which allows users to earn interest on their holdings by participating in the network's consensus process. This provides an opportunity for investors to earn passive income and promotes the stability and security of the network.

Compared to its direct competitors, such as Dogecoin or Reddcoin, FedoraCoin's focus on microtransactions and tipping specifically sets it apart. While these coins also offer tipping functionality, FedoraCoin has managed to establish its niche in this market and gain traction on social media platforms.

In conclusion, FedoraCoin offers benefits in terms of fast and low-cost transactions, widespread adoption, and the opportunity for users to earn rewards through PoS mining. These features differentiate it from its direct competitors and make it an attractive option for microtransactions and tipping in the cryptocurrency space.

What is FedoraCoin used for?

FedoraCoin (TIPS) is a cryptocurrency that was created in 2013. It is primarily utilized as a means of facilitating online transactions. While its usage is not as widespread as some of the more popular cryptocurrencies like Bitcoin or Ethereum, FedoraCoin still has its own niche within the blockchain ecosystem.

In general, FedoraCoin can be used for various purposes that are common to most cryptocurrencies. These include online purchases, peer-to-peer transactions, donations, and tipping content creators. Many online communities and platforms accept FedoraCoin as a form of payment or reward for services rendered.

One specific case where FedoraCoin can be utilized is in the realm of social media tipping. With the rise of social media platforms, content creators are often seeking ways to monetize their work. FedoraCoin provides an avenue for fans and followers to show their appreciation by tipping the content creator directly, without the need for intermediaries or hefty transaction fees.

This use case allows content creators to receive direct support from their audience, incentivizing them to continue producing high-quality content. It also fosters a sense of community and engagement between creators and their fans.

While FedoraCoin's usage may be relatively limited compared to more established cryptocurrencies, it still serves a purpose within certain communities and platforms. Its ability to facilitate online transactions and enable social media tipping makes it a valuable tool for content creators and their supporters.

What is DIA's FedoraCoin API?

DIA's FedoraCoin API is one of the many API endpoints provided by DIA to access real-time price feeds of crypto assets. These price feeds are derived from billions of individual trades sourced from over 85 on-chain and off-chain cryptocurrency and NFT exchanges. By aggregating such vast amounts of data, DIA sets itself apart from other web3 data providers.

DIA offers free API endpoints for developers to test, which can be found on the asset's detail page in the DIA App. These endpoints come in a standard format and serve informational purposes. However, the true value lies in DIA's custom feeds. When users require a customized feed, DIA is able to build a dedicated API price feed that can be tailored in terms of sources, methodologies, update mechanisms, and more.

The use cases for DIA's API are diverse and span across the blockchain ecosystem. In the DeFi space, the price information provided by DIA's API can be used for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi realm, potential applications include peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and others.

It is worth noting that while the free API endpoints serve as a starting point for developers to test and explore, the custom feeds offer greater flexibility and customization options to meet specific requirements. To request a custom feed, users can reach out to DIA via Discord or Telegram.

APIs (Application Programming Interfaces) are tools that allow different software systems to communicate and exchange data with each other. They define a set of rules and protocols for interacting with the system's functionalities and retrieving information. In the context of DIA, their API endpoints provide access to real-time price feeds of crypto assets, enabling developers to integrate this data into their applications or systems.

What is DIA's FedoraCoin price oracle?

DIA's FedoraCoin price oracle is a smart contract that provides real-time price feeds for cryptocurrencies like FedoraCoin. DIA stands out in the market as it is integrated with over 35 layer 1 and layer 2 networks, allowing for the deployment of price oracles in multiple blockchains. DIA's price feeds are constructed by aggregating raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in a comprehensive and reliable data source.

While DIA provides demo oracles for free in their documentation for developers to test, these demo oracles are only meant for testing purposes and cannot be integrated into production applications. However, DIA offers the option for users to request custom configuration for a dedicated price feed oracle. These custom price oracle data feeds can be tailored to specific requirements, including sources, methodologies, update mechanisms, and more.

To request a custom feed, users can reach out to DIA through Discord or Telegram. The ability to customize price oracles allows users to leverage DIA's expertise and flexibility to suit their specific needs.

Blockchain oracles, such as DIA's price oracle, act as external information providers that supply verified data from outside the blockchain to smart contracts. They play a crucial role in connecting on-chain and off-chain data, enabling blockchain applications to access real-world information securely and reliably.

DIA's custom oracles provide users with the opportunity to enhance their blockchain applications by utilizing tailored price feeds that meet their specific requirements. Whether it's in the realm of DeFi, enabling derivatives, lending markets, or collateralized stablecoins, or in the NFTfi space for peer-to-pool lending, fractionalization, or NFT derivatives, DIA's price oracles offer a wide range of use cases for the blockchain ecosystem.

Why use DIA's TIPS API & price oracle?

DIA's TIPS API and TIPS Price Oracle offer a range of benefits for users in the blockchain ecosystem. One of the key advantages is the high level of customizability. Users can tailor each oracle and API endpoint to meet the specific needs of their decentralized applications. This includes configuring the data sources, applying data cleaning filters, selecting pricing methodologies, and determining the update mechanisms and frequency. This level of customizability ensures 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 major benefit of using DIA's API and Oracle feeds. The company offers full and granular transparency throughout the entire data journey. Users can closely track the oracle and API feeds using DIA's tracking and monitoring tools, gaining a clear understanding of the data sources and processes involved. This level of transparency instills trust in the data and provides users with the confidence they need to make informed decisions.

Overall, DIA's TIPS API and TIPS Price Oracle deliver accurate and reliable price data while offering a high level of customizability and transparency. This makes them valuable tools for users in the blockchain ecosystem who require precise and trustworthy data for their decentralized applications.

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.