Gifto (GTO) API and Price Oracle

Gifto API Logo

Gifto

GTO
$
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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0xbeB1...D096
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 Gifto (GTO)?

Gifto (GTO) is a cryptocurrency token launched in 2017 by Andy Tian, the founder of AIGG, a virtual gifting platform. Its purpose is to facilitate the exchange of virtual gifts and digital content across various platforms using blockchain technology. The token was named after the Chinese word for gift. Gifto aims to revolutionize how virtual gifts are bought and sold in the digital world.

How does Gifto work?

Gifto is a decentralized gifting protocol built on the Ethereum blockchain. It enables users to send and receive virtual gifts, such as stickers, cards, and virtual goods, using its native token called GTO.

The technology behind Gifto is based on smart contracts, which are self-executing contracts with predefined conditions. These smart contracts govern the creation, ownership, and transfer of virtual gifts, ensuring transparency and security.

Gifto utilizes the Ethereum blockchain for its decentralized nature and ability to support smart contracts. This ensures that every virtual gift and transaction is recorded on the blockchain, providing a transparent and immutable record.

The functioning of Gifto involves three main actors: creators, consumers, and hosts. Creators can design and tokenize virtual gifts using Gifto's platform. Consumers can purchase these virtual gifts using GTO tokens and send them to others. Hosts, such as content creators, social media platforms, and gaming communities, integrate Gifto's protocol to allow users to send and receive virtual gifts within their platforms.

When a virtual gift is sent, the transaction is verified and recorded on the Ethereum blockchain. The recipient can then redeem the virtual gift or sell it on the Gifto marketplace. The underlying blockchain technology ensures the authenticity and ownership of these virtual gifts.

Overall, Gifto leverages the Ethereum blockchain and smart contracts to provide a decentralized and secure platform for virtual gifting, enabling users to engage in unique and personalized experiences.

What are the benefits of Gifto?

Gifto is a blockchain-based platform that aims to revolutionize the way users interact with digital content creators. It offers several benefits that differentiate it from its direct competitors, including Tron and Telcoin.

One of the key benefits of Gifto is its focus on empowering content creators. Gifto provides tools that enable creators to monetize their content and engage with their audience in innovative ways. Through the use of smart contracts, Gifto enables creators to sell digital gifts directly to their followers, providing a new revenue stream that is not dependent on traditional advertising or sponsorship models. This direct connection between creators and their audience fosters a more sustainable and transparent ecosystem for content monetization.

Another advantage of Gifto is its seamless integration with existing social media platforms. Unlike its competitors, Gifto has established partnerships with major social media networks, including Facebook and Instagram, allowing users to seamlessly send and receive digital gifts regardless of the platform they are using. This widespread adoption and integration with popular social media platforms give Gifto a competitive edge by reaching a larger user base and providing a more user-friendly experience.

Additionally, Gifto offers a decentralized marketplace where users can trade and exchange digital gifts. This peer-to-peer marketplace removes intermediaries and allows users to freely buy, sell, and collect digital assets. This decentralized approach differentiates Gifto from its competitors, as it promotes ownership and scarcity of digital content, creating value for both creators and collectors.

Overall, Gifto offers a unique combination of features that sets it apart from its direct competitors. Its focus on empowering creators, seamless integration with social media platforms, and decentralized marketplace make it an attractive choice for users looking to engage with digital content creators and explore the world of digital gifting.

What is Gifto used for?

Gifto is a blockchain-based platform that enables content creators and influencers to monetize their work and engage with their audience through digital gifts. The platform is built on the Ethereum blockchain and utilizes smart contracts to facilitate transparent and secure transactions.

Common use cases of Gifto include:

1. Virtual Gifting: Users can send virtual gifts, represented as non-fungible tokens (NFTs), to content creators or influencers as a way to show appreciation and support. These gifts can have real-world value and can be bought, sold, or traded on various marketplaces.

2. Fan Engagement: Gifto provides a way for creators to interact and engage with their fans on a deeper level. By receiving digital gifts, creators can reward their most loyal supporters and foster a stronger community.

One specific case where Gifto has gained traction is in the live streaming industry. Many streaming platforms have integrated Gifto's technology, allowing viewers to purchase and send virtual gifts to their favorite streamers. These gifts not only serve as a form of virtual currency but also act as a social recognition tool, enhancing the overall streaming experience. Streamers, in turn, can convert these virtual gifts into real-world income by selling them on secondary markets or redeeming them for other digital assets.

In conclusion, Gifto is primarily used to facilitate virtual gifting and fan engagement within the blockchain ecosystem. With its adoption in the live streaming industry and integration with popular platforms, Gifto has emerged as a significant player in revolutionizing the way content creators monetize their work and connect with their audience.

What is DIA's Gifto API?

DIA's Gifto API provides real-time price feeds for a wide range of crypto assets. These price feeds are constructed using raw data from over 85 on-chain and off-chain exchanges, ensuring accuracy and reliability. DIA's API endpoints are available for free, allowing developers to test and access standardized price data. However, the true power lies in DIA's custom feeds.

DIA offers fully customizable API feeds that can be tailored to meet specific requirements. This means that users can request custom configurations in terms of sources, methodologies, update mechanisms, and more. These custom feeds provide enhanced flexibility and accuracy, making them incredibly valuable for users.

The use cases for DIA's API are wide-ranging and extend across the blockchain ecosystem. In DeFi, the price information from DIA's API can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Similarly, in NFTFi, DIA's API can be used for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other applications.

In summary, while DIA offers free API endpoints for testing purposes, the true value lies in the custom feeds that can be tailored to meet specific needs. These custom feeds provide accurate and reliable data, delivering enhanced functionality and precision to users in the blockchain ecosystem. To request a custom feed, users can reach out to DIA via Discord or Telegram.

What is DIA's Gifto price oracle?

DIA's Gifto price oracle is a smart contract that offers real-time price feeds for various crypto assets. DIA stands out by being integrated with over 35 layer 1 and layer 2 networks, enabling the deployment of price oracles across multiple blockchains. These price feeds are created using raw data obtained from more than 85 on-chain and off-chain exchanges, ensuring accurate and reliable information.

While DIA provides (free) demo oracles for developers to test, these demo oracles are strictly for testing purposes and cannot be used in production applications. However, DIA offers the option to request custom configuration for a dedicated price feed oracle. This allows users to tailor their price oracle data feeds based on their specific requirements, including sources, methodologies, update mechanisms, and more.

To request a custom feed, users can contact DIA through Discord or Telegram. The custom oracles offer greater flexibility and usefulness for users who need specialized pricing information.

Blockchain oracles, in general, are external information providers that supply verified data from outside the blockchain to smart contracts. DIA's price oracles have a wide range of use cases within the blockchain ecosystem, including derivatives, lending and borrowing markets, stablecoin collateralization, synthetic asset issuance, money markets, and more in the DeFi space. Additionally, DIA's oracles can be utilized in NFTfi applications such as peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization.

For more detailed information and to explore DIA's oracles, developers can refer to DIA's documentation, which provides comprehensive insights and guidelines on utilizing their price feeds (https://docs.diadata.org/).

Why use DIA's GTO API & price oracle?

DIA's GTO API and GTO Price Oracle offer numerous advantages for users in the blockchain ecosystem. One key benefit is the high level of customization available through DIA's technology. Users can tailor each oracle and API endpoint to meet the specific needs of their decentralized applications. This includes configuring data sources, applying data cleaning filters and pricing methodologies, and determining update mechanisms and frequency. By allowing customization, DIA ensures the data and oracle remain robust and resilient to market conditions.

Another major advantage is the transparency provided by DIA's API and oracles. Users have full visibility into the entire data journey, ensuring trust and confidence in the information provided. Additionally, DIA offers various tracking and monitoring tools to closely manage the oracle and API feeds. This level of transparency and monitoring enhances user confidence and enables them to make informed decisions.

Furthermore, DIA's API and Oracle feeds offer accurate and reliable price data for cryptocurrencies and NFTs. With DIA's technology, users can access up-to-date and verified price information, ensuring they have the most accurate data available. This information is vital in making informed investment and trading decisions in the blockchain market.

In summary, DIA's GTO API and GTO Price Oracle provide users with customizable solutions, transparent data journeys, and access to reliable and accurate price data. These benefits make DIA a valuable tool for users in the blockchain ecosystem to enhance their decision-making process.

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.