CoinDash Token (CDT) API and Price Oracle

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CoinDash Token

For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
Blockchain network where the asset is deployed
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.
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
Volume 24h
Trades 24h
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Token information

What is CoinDash Token (CDT)?

CoinDash Token (CDT) is a cryptocurrency token that was created in 2017 by CoinDash, a blockchain-based social trading platform. The token's purpose is to facilitate transactions and interactions within the CoinDash ecosystem. CoinDash was founded by Alon Muroch and was meant to provide a platform for users to manage their cryptocurrency portfolios and trade with peers. The name "CoinDash" is a combination of the words "coin" and "dashboard," reflecting the platform's aim to provide a centralized hub for cryptocurrency management.

How does CoinDash Token work?

CoinDash Token (CDT) operates on the Ethereum blockchain, leveraging its decentralized features to facilitate transparent and secure transactions. Ethereum is a popular choice for token projects due to its programmability and established ecosystem.

CDT utilizes smart contracts, which are self-executing agreements deployed on the blockchain. These contracts enable the token's functionality and define its rules. In the case of CDT, smart contracts govern token transfers, provide ownership rights, and facilitate interactions with the CoinDash platform.

The underlying technology behind CDT is blockchain oracle services. Oracles are external information providers that supply verified data to smart contracts. In the context of CDT, these oracles provide real-time and accurate price data for various assets, allowing users to make informed decisions when trading or managing their portfolios.

The functioning of CDT involves several key steps. First, users acquire CDT tokens through exchanges or participating in token sales. These tokens can then be utilized within the CoinDash platform for various purposes, such as staking, trading, or accessing premium features.

When users interact with the platform, smart contracts validate and execute their requested actions, ensuring the integrity and security of the transactions. The smart contracts also rely on blockchain oracles to access real-time price data, enabling accurate calculations and measurements.

Overall, CoinDash Token operates on the Ethereum blockchain, harnessing the power of smart contracts and blockchain oracles to provide users with a transparent and efficient trading and investment experience.

What are the benefits of CoinDash Token?

CoinDash Token (CDT) offers several benefits compared to its direct competitors in the blockchain and cryptocurrency space. One notable advantage is the ability to participate in the governance of the CoinDash platform. CDT holders have voting rights and can influence the decision-making process related to the platform's development and future upgrades.

Additionally, CDT token holders can also access certain features and exclusive content on the CoinDash platform. This provides them with unique opportunities for engagement and potential value appreciation.

Compared to its competitors, CoinDash Token also stands out with its robust security measures. The platform focuses on ensuring the safety of user assets and employs advanced security protocols to protect against potential threats or malicious activities.

Another benefit of CDT is its utility within the ecosystem. The token can be used for various purposes, such as paying for transaction fees, accessing premium services, and participating in token sales or initial coin offerings (ICOs) on the CoinDash platform.

Furthermore, CoinDash Token offers liquidity benefits, as it can be easily traded on multiple exchanges, providing users with flexibility and access to a wider market.

While it is important to note that direct competitors may vary and have their own unique features, CoinDash Token distinguishes itself through its governance opportunities, strong security measures, utility, and liquidity benefits.

What is CoinDash Token used for?

CoinDash Token (CDT) is the native cryptocurrency of the CoinDash platform. It serves several purposes within the ecosystem.

Firstly, CDT can be used for transaction fees within the platform. When users engage in activities such as trading, accessing certain features or services, or participating in token sales, they may need to pay a fee in CDT.

Secondly, CDT can be utilized for staking and governance within the platform. Staking CDT tokens allows users to participate in the decision-making process for platform upgrades, proposals, and voting on important matters.

Additionally, CDT can be used as a medium of exchange within the CoinDash ecosystem. Users can use CDT to purchase and trade various digital assets and cryptocurrencies available on the platform.

An example of a specific use case for CDT involves accessing premium features and services on the platform. CoinDash may offer advanced tools, market insights, or personalized investment strategies to users who hold a certain amount of CDT in their wallets. This incentivizes users to hold CDT and provides additional benefits to those who do.

In conclusion, CoinDash Token (CDT) serves as a utility token within the CoinDash platform. It can be used for transaction fees, staking and governance, as well as a medium of exchange. An example use case includes accessing premium features and services based on the amount of CDT held.

What is DIA's CoinDash Token API?

DIA's CoinDash Token API is one of the API endpoints provided by DIA, offering real-time price feeds for various crypto assets. DIA stands out from other web3 data providers by sourcing raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in a comprehensive and reliable price feed.

While DIA does provide free API endpoints for developers to test, they also offer fully customizable custom feeds. These custom feeds are highly beneficial and useful for users as they can be tailored according to specific requirements. Developers can request a custom configuration for their feeds, allowing them to choose from different sources, methodologies, update mechanisms, and more. To request a custom feed, users can contact DIA through their Discord or Telegram channels.

DIA's API has a wide range of use cases within the blockchain ecosystem. In the DeFi space, the price information from DIA's APIs can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi sector, the API can be applied for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

Overall, DIA's CoinDash Token API provides developers with invaluable access to real-time price feeds for crypto assets. With both free and customizable options available, users can choose the best solution to meet their specific needs and requirements.

What is DIA's CoinDash Token price oracle?

DIA's CoinDash Token price oracle is a smart contract that provides real-time price feeds for various cryptocurrencies. DIA stands out in the market as it is integrated with over 35 layer 1 and layer 2 networks, allowing the deployment of price oracles across multiple blockchains. Unlike other web3 data providers, DIA's price feeds are constructed by sourcing raw data from more than 85 cryptocurrency and NFT exchanges, incorporating billions of individual trades.

While DIA offers demo oracles for developers to test, these are strictly for testing purposes and cannot be used in production applications. However, DIA offers the option for users to request custom configuration for dedicated price feed oracles. This allows users to tailor the price oracle data based on their specific requirements, including the selection of sources, methodologies, and update mechanisms. To request a custom price feed, users can reach out to DIA via Discord or Telegram.

DIA's price oracles have numerous use cases within the blockchain ecosystem. They can be utilized in various DeFi applications such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in the NFTfi space, DIA's price oracles enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other innovative applications.

In the context of blockchain technology, a blockchain oracle refers to an external information provider that supplies verified data from outside the blockchain to smart contracts. These oracles bridge the gap between the decentralized blockchain networks and real-world information sources, ensuring accurate and reliable data is available for smart contract execution.

Overall, DIA's custom oracles offer users the flexibility to tailor price feeds according to their specific needs, making them a valuable tool for developers and businesses operating within the blockchain ecosystem.

Why use DIA's CDT API & price oracle?

DIA's CDT API and CDT Price Oracle offer numerous benefits for users within the blockchain ecosystem. The key advantage of utilizing DIA's technology is the extensive level of customization it provides. Both the API and Price Oracle can be tailored to meet the specific requirements of decentralized applications, allowing users to configure the data sources, data cleaning filters, pricing methodologies, and update mechanisms to create a unique and robust data feed. This customization ensures that the oracle remains resilient and adaptable to market conditions, providing accurate and reliable global and individual market prices.

One of the standout benefits of DIA's API and Oracle feeds is the transparency they offer. Users can track and monitor the entirety of the data journey, providing a high level of transparency and trustworthiness. DIA also supplies various tracking and monitoring tools to further enhance the transparency and accuracy of its oracle and API feeds.

Overall, DIA's CDT API and CDT Price Oracle empower users with accurate, customizable, and transparent price data for cryptocurrencies and NFTs. By leveraging DIA's technology, users can access reliable market information while tailoring the feeds to their specific needs, ensuring a robust and resilient solution for decentralized applications.

Why use DIA data feeds and oracles?

DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
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.