WaBi (WaBi) API and Price Oracle

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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 WaBi (WaBi)?

WaBi (WaBi) is a blockchain-based cryptocurrency and loyalty token. Its purpose is to combat counterfeiting by using blockchain technology to verify product authenticity. WaBi was founded in 2017 by Alexander Busarov and is developed by the Techrock company. The name "WaBi" originates from combining the Chinese word for "scan" (Wang) and "coin" (Bi). Overall, WaBi's aim is to provide a trusted and secure method for consumers to authenticate products and protect against counterfeit goods.

How does WaBi work?

WaBi is a blockchain-based project that aims to protect consumers from counterfeit products. The underlying technology behind WaBi is the blockchain, specifically the Ethereum blockchain.

WaBi utilizes a unique approach to verify product authenticity. It places anti-counterfeit labels on products, which are then linked to their digital representations on the blockchain. These labels contain a unique code that can be scanned by consumers using the WaBi mobile app.

When a consumer scans the label, the app retrieves the corresponding digital representation from the blockchain. This digital representation contains all the relevant information about the product, such as its origin, manufacturing process, and distribution chain. Consumers can use this information to ensure the authenticity and quality of the product they are purchasing.

The blockchain ensures the immutability and transparency of these records. Once a digital representation is added to the blockchain, it cannot be altered or tampered with. This provides a trusted and verifiable source of information for consumers.

In addition to verifying product authenticity, WaBi also rewards consumers for their participation in the ecosystem. By scanning labels and participating in promotions, consumers earn WaBi tokens. These tokens can be used for discounts on future purchases or exchanged for other rewards within the WaBi ecosystem.

Overall, WaBi leverages blockchain technology to provide consumers with a reliable and secure way to verify the authenticity of products, while also incentivizing their participation in the ecosystem.

What are the benefits of WaBi?

WaBi is a blockchain-based platform that aims to improve the authenticity and safety of consumer products. It offers several benefits compared to its direct competitors, including:

1. Authenticity Verification: WaBi provides a reliable solution for verifying the authenticity of products. It uses anti-counterfeit labels and advanced blockchain technology to ensure that the products are genuine and not counterfeit. This feature sets it apart from its competitors, as it offers an extra layer of security and trust.

2. Supply Chain Traceability: One of the key benefits of WaBi is its ability to track products throughout the supply chain. By leveraging blockchain technology, WaBi enables consumers to trace the origin of a product, ensuring transparency and accountability. This feature is especially important for products that require strict quality control, such as baby formula or supplements.

3. Consumer Rewards: WaBi incentivizes consumers to purchase products by offering rewards in the form of tokens. These tokens can be used for future purchases or exchanged for other rewards. This feature differentiates WaBi from its competitors, as it provides added value to consumers and encourages brand loyalty.

4. User-Friendly Mobile App: WaBi offers a user-friendly mobile application that allows consumers to easily scan product labels and access relevant information. The app provides real-time updates on product authenticity, expiration dates, and other important details. Its intuitive interface and seamless user experience give it an edge over its competitors.

In comparison to its direct competitors, WaBi's focus on authenticity verification, supply chain traceability, consumer rewards, and a user-friendly mobile app make it a compelling choice for consumers looking for transparency and trust in their product purchases.

What is WaBi used for?

WaBi is a cryptocurrency token that is primarily used for supply chain verification and anti-counterfeiting purposes. It is designed to provide transparency and authenticity for products, thereby ensuring consumer trust.

One common use case for WaBi is to combat counterfeit goods in the market. With the increasing prevalence of fake products and the negative impact they have on both businesses and consumers, WaBi aims to address this issue. By using blockchain technology, WaBi provides a platform where consumers can verify the authenticity of a product before making a purchase. This is achieved through the use of special labels that are placed on products. Consumers can scan these labels using the WaBi app to access information about the product's origin, manufacturing process, and quality assurance. This way, they can be confident that they are buying a genuine product.

Another specific use case for WaBi is in the infant formula industry. Counterfeit infant formula can have severe health consequences for babies, and it is a significant concern in many parts of the world. WaBi's solution involves placing special labels on the packaging of genuine infant formula products. Parents can then use the WaBi app to scan the label and obtain detailed information about the product's source, expiration date, and authenticity. This provides peace of mind for parents, ensuring that they are providing their babies with safe and genuine formula.

In summary, WaBi is primarily used for supply chain verification and anti-counterfeiting purposes. It allows consumers to verify the authenticity of products, helping to combat counterfeit goods. One specific case is its application in the infant formula industry, where it ensures that parents can confidently purchase genuine and safe products for their babies.

What is DIA's WaBi API?

DIA's WaBi API is a part of DIA's broader API endpoints that offer real-time price feeds for various crypto assets. These price feeds are created using carefully sourced data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, making them highly reliable and accurate. Unlike other web3 data providers, DIA's API endpoints deliver unmatched data quality.

While DIA does provide free API endpoints for developers to test, the real value lies in their custom feeds. These custom feeds can be tailored according to specific requirements, including sources, methodologies, and update mechanisms. To request a custom feed, users can get in touch with DIA via Discord or Telegram.

The use cases for DIA's APIs are diverse and extensive within the blockchain ecosystem. For DeFi applications, these APIs can be utilized in derivatives markets, options and futures, lending and borrowing markets, collateralized stablecoins, money markets, and more. Additionally, NFTfi applications can leverage DIA's APIs for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionation, and other related use cases.

DIA's API provides developers with a powerful tool to access reliable and real-time price data for cryptocurrencies and NFTs. With the ability to create custom feeds, developers can tailor the data according to their specific needs. This ensures accurate and relevant information for a variety of applications across the blockchain ecosystem. To access and utilize DIA's API endpoints, developers can find the free price feed API endpoint for any asset on the asset's detail page in the DIA App.

What is DIA's WaBi price oracle?

DIA's WaBi price oracle is a smart contract that provides real-time price feeds for crypto assets. DIA stands out by offering custom oracle solutions tailor-made to meet specific user requirements. While DIA does offer free demo oracles for testing purposes, these cannot be integrated into production applications. Developers can find these demo oracles in DIA's documentation.

When a user needs a custom configuration for a feed, DIA can create a dedicated price feed oracle. These custom price oracle data feeds can be customized in terms of sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA through Discord or Telegram.

DIA's price oracles have various use cases in the blockchain ecosystem, particularly in the DeFi and NFTfi sectors. For DeFi applications, the price information from DIA's oracles can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi space, DIA's oracles can support peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other innovative solutions.

It is important to note that a blockchain oracle, such as DIA's, acts as an external information provider that supplies verified data from outside the blockchain to smart contracts. This enables smart contracts to access real-world data, such as price feeds, to execute their programmed functions accurately and autonomously.

Why use DIA's WaBi API & price oracle?

DIA's WaBi API and WaBi Price Oracle offer several benefits for users in the blockchain ecosystem. By utilizing DIA's technology, users can gain access to precise and dependable price data for cryptocurrencies and NFTs. The key advantage of using DIA's API or Price Oracle for a specific token lies in its high level of customization. Each oracle and API endpoint can be tailored to meet the precise requirements of decentralized applications. This customization includes configuration settings such as the data sources that constitute the feed, the filters for data cleaning, the pricing methodologies employed to determine price points, and the update mechanisms and frequency for refreshing the feed. Consequently, this ensures the resilience and robustness of the data and oracle, allowing it to withstand market conditions and furnish global as well as specific individual or cross-chain market prices. This customization ensures that users receive a specialized solution that is well-suited to their unique market conditions associated with the chosen data sources.

Another significant benefit of utilizing DIA's API and Oracle feeds is the transparency they offer. DIA's API and oracles provide complete and granular transparency throughout the entire data journey. Moreover, DIA also offers tracking and monitoring tools that enable close monitoring of its oracle and API feeds. This level of transparency empowers users to trust and verify the accuracy and reliability of the data provided by DIA's API and Oracle. Overall, DIA's WaBi API and WaBi Price Oracle not only deliver accurate and reliable price data but also provide customization and transparency, making them valuable tools for users in the blockchain ecosystem.

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.