"BANKEX" project utility token (BKX) API and Price Oracle

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"BANKEX" project utility 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 "BANKEX" project utility token (BKX)?

BANKEX is a project utility token known as BKX. It was launched in 2017 by the BANKEX company. The token's purpose is to facilitate transactions and interactions within the BANKEX ecosystem. It is used for accessing services, participating in token sales, and as a medium of exchange. BKX operates on the Ethereum blockchain and is named after "banking" and "exchange."

How does "BANKEX" project utility token work?

The BANKEX project utilizes a utility token to facilitate its functioning. The underlying technology behind this token involves the use of blockchain technology, specifically the Ethereum blockchain.

The utility token serves as a means of exchange within the BANKEX ecosystem. It is designed to provide various functionalities and benefits to its users. One of its primary functions is to grant access to the services offered by the BANKEX platform. These services include asset tokenization, peer-to-peer lending, and investment management.

The token operates on the Ethereum blockchain, which ensures the security and immutability of transactions. Each token that is issued is recorded on the blockchain, making it transparent and verifiable.

Users can acquire the BANKEX utility token through various means, such as participating in the project's initial coin offering (ICO) or purchasing it from cryptocurrency exchanges where it is listed. Once obtained, users can store the tokens in compatible wallets.

The functioning of the BANKEX utility token relies on smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. These smart contracts enable seamless and automated interactions between token holders and various services on the BANKEX platform.

Overall, the BANKEX utility token leverages blockchain technology to provide a secure and efficient means of accessing the services offered by the project. It enables users to participate in a decentralized ecosystem and benefit from its features while ensuring transparency and trust in transactions.

What are the benefits of "BANKEX" project utility token?

The "BANKEX" project utility token offers several benefits compared to its direct competitors in the blockchain industry.

1. Enhanced Security: The "BANKEX" token incorporates advanced security features, such as encryption and multi-factor authentication, to ensure the safety of user transactions and interactions. This provides a higher level of protection compared to some of its competitors.

2. Scalability: The "BANKEX" project has implemented a scalable architecture that can handle a large number of transactions per second. This makes it more efficient compared to certain competitors that may face scalability challenges.

3. Interoperability: The "BANKEX" token is designed to be interoperable with other blockchain networks and protocols. This enables seamless integration and interaction with a wide range of decentralized applications and platforms. Certain competitors may have limitations in terms of interoperability.

4. Smart Contract Capabilities: The "BANKEX" project utility token supports the execution of smart contracts, enabling the automation of various processes and transactions. This enhances efficiency and reduces the need for intermediaries. Some competitors may not offer similar smart contract functionality.

5. Community Governance: The "BANKEX" token provides an opportunity for token holders to participate in the project's decision-making process through community governance mechanisms. This ensures a more democratic and inclusive approach compared to competitors that may have more centralized decision-making structures.

Overall, the "BANKEX" project utility token offers enhanced security, scalability, interoperability, smart contract capabilities, and community governance features compared to certain competitors in the blockchain industry.

What is "BANKEX" project utility token used for?

BANKEX is a project that introduces blockchain technology to the financial industry, aiming to create a decentralized infrastructure for various financial assets. The utility token of the BANKEX project functions as a means of accessing and utilizing the services within their ecosystem.

The utility token is used primarily for transactional purposes and as a form of payment for fees incurred when utilizing the platform's services. Holders of the BANKEX utility token can use it to pay for services such as asset tokenization, smart contract creation, and asset exchange.

One common use case for the BANKEX utility token is asset tokenization. Asset tokenization involves converting real-world assets, such as real estate properties or company shares, into digital tokens on the blockchain. These tokens represent ownership of the underlying asset and can be traded and transferred easily. By using the BANKEX utility token, users can tokenize their assets and benefit from increased liquidity and accessibility.

Another specific use case for the BANKEX utility token is accessing advanced features or priority services. For example, in a decentralized lending platform built on the BANKEX infrastructure, users who hold a certain amount of the utility token may be granted priority access to loan offers or receive discounted interest rates. This incentivizes token holders to acquire and hold the utility token, driving demand and potentially increasing its value.

In conclusion, the utility token of the BANKEX project is used for various transactional purposes within their ecosystem, including paying for services and accessing advanced features. Asset tokenization and priority access to financial services are two examples of how the utility token can be utilized.

What is DIA's "BANKEX" project utility token API?

DIA's "BANKEX" project utility token API is an important tool offered by DIA to provide real-time price feeds of crypto assets. These price feeds are constructed using raw data obtained from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring accurate and reliable information. DIA's API endpoints are designed to cater to the needs of developers and can be accessed for free.

While the free API endpoints are available for developers to test, DIA also offers fully customizable custom feeds. These custom feeds can be tailored according to the user's specific requirements, including sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA via Discord or Telegram.

The utility of DIA's API extends across the blockchain ecosystem, with various use cases in the DeFi and NFTfi spaces. In DeFi, the price information provided by DIA's APIs can be utilized in derivatives, options and futures markets, lending and borrowing platforms, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi sector, DIA's APIs enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other innovative applications.

DIA's API serves as a crucial resource for developers and participants in the blockchain industry, offering reliable and customizable price data that can enhance a wide range of decentralized applications. Whether accessing the free API endpoints for initial testing or opting for tailored custom feeds, DIA's API provides the necessary tools to leverage real-time price information effectively.

Please note that an API, or Application Programming Interface, is a set of rules and protocols that allows software applications to communicate with each other. It facilitates the exchange of data and functionalities between different systems, making it easier for developers to integrate and interact with external platforms or services.

What is DIA's "BANKEX" project utility token price oracle?

DIA's "BANKEX" project utility token price oracle is a smart contract that provides real-time price feeds of crypto assets. DIA stands out because it is integrated with 35+ layer 1 and layer 2 networks, allowing it to deploy price oracles in multiple blockchains. These price feeds are generated by sourcing data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, providing a comprehensive and accurate view of the market.

DIA offers both demo oracles for developers to test, which can be found in their documentation, and custom price feed oracles tailored to specific user requirements. While the demo oracles are free and standardized, they are strictly for testing purposes and cannot be integrated into production applications. To request a custom feed, users can reach out to DIA through Discord or Telegram. Custom feeds offer flexibility in terms of sources, methodologies, update mechanisms, and more, providing users with the ability to tailor the price oracle data to their specific needs.

DIA's price oracles have a wide range of use cases within the blockchain ecosystem. In DeFi, they can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in the NFTfi space, DIA's oracles can enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and various other 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. This allows smart contracts to interact with the real world and access reliable and up-to-date data necessary for their execution. By leveraging DIA's custom oracles, users can harness the power of accurate and customizable price feeds to create innovative and secure applications within the blockchain ecosystem.

Why use DIA's BKX API & price oracle?

DIA's BKX API and BKX Price Oracle offer numerous benefits for users in the blockchain ecosystem. One of the key advantages is the high level of customizability available. Users can tailor each oracle and API endpoint to meet the specific needs of their decentralized applications. This includes configuring data sources, implementing data cleaning filters, choosing pricing methodologies, and determining update mechanisms and frequency. Such customization ensures robustness and resilience to market conditions, providing accurate and reliable price data.

Transparency is another major benefit of utilizing DIA's API and Oracle feeds. They provide complete visibility throughout the entire data journey, ensuring trust and accountability. To further enhance transparency, DIA offers tracking and monitoring tools to closely monitor oracle and API feeds.

By leveraging DIA's technology, users gain access to accurate and reliable price data for cryptocurrencies and NFTs. This data can be used to facilitate various applications and services within the blockchain ecosystem. Whether users require global market prices or specific individual or cross-chain market prices, DIA's API and Oracle provide a tailored solution to meet their unique requirements.

Overall, DIA's BKX API and BKX Price Oracle offer the advantages of customization, transparency, and reliable data, making them valuable tools for developers and businesses operating in the blockchain space.

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.