Amber Token (AMB) API and Price Oracle

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Amber Token

AMB
$
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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0x4DC3...b6CE
Network
Blockchain network where the asset is deployed
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Ethereum
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 Amber Token (AMB)?

Amber Token (AMB) is a cryptocurrency designed to provide transparency and security in the precious metals market. It was founded in 2012 by Leonid Lozner and is operated by Ambisafe. It is named after amber, a precious gemstone known for its transparency. AMB aims to digitize and tokenize the trading of physical gold, making it accessible and tradeable on the blockchain. It enables users to own and trade fractional amounts of gold securely and efficiently.

How does Amber Token work?

The Amber Token operates on the Ethereum blockchain, utilizing its underlying smart contract functionality to enable decentralized transactions. The Ethereum blockchain is a distributed ledger that allows for the creation and execution of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. These contracts automatically enforce the agreed-upon conditions, removing the need for intermediaries.

Amber Token leverages the Ethereum blockchain to provide transparency, security, and immutability to its transactions. By utilizing blockchain technology, the token aims to provide users with a decentralized financial ecosystem, ensuring the integrity of transactions and reducing the reliance on centralized intermediaries.

The functioning of Amber Token is primarily based on Ethereum's ERC-20 token standard. This standard allows the token to be easily exchanged and transferred between Ethereum wallets. Additionally, Amber Token may also incorporate additional functionalities such as staking or governance features, depending on the specific implementation.

Overall, Amber Token works by leveraging the Ethereum blockchain to provide users with a secure and decentralized platform for transacting and interacting with the token. By utilizing the underlying technology and characteristics of the Ethereum blockchain, Amber Token aims to provide a reliable and transparent solution for participants in the ecosystem.

What are the benefits of Amber Token?

Amber Token offers several benefits compared to its direct competitors in the blockchain space. Here are some key advantages:

1. Enhanced Security: Amber Token implements strong security measures to protect users' funds and data. Its robust encryption mechanisms and secure infrastructure help prevent unauthorized access and safeguard against potential hacks or breaches.

2. Transparency: Transparency is a crucial aspect of the blockchain ecosystem, and Amber Token strives to provide a transparent platform. Users can easily verify transactions and audit the token's supply through the blockchain's public ledger, ensuring a reliable and accountable system.

3. Scalability: Amber Token leverages innovative technologies to address scalability challenges. Its advanced consensus mechanism enables fast and efficient transaction processing, supporting a high volume of transactions per second without compromising network performance.

4. Decentralization: Amber Token promotes decentralization, which is a fundamental principle of blockchain technology. By distributing authority across a network of nodes, it helps eliminate single points of failure and ensures a more democratic and resilient ecosystem.

5. Community Governance: Amber Token empowers its community members by allowing them to participate in decision-making processes through governance mechanisms. This inclusive approach enables users to have a say in important matters such as protocol upgrades, fee structure, and system improvements.

While there are other blockchain platforms and tokens in the market, Amber Token distinguishes itself through its superior security, transparency, scalability, decentralization, and community governance features. Choosing the right token depends on individual requirements and preferences, so it's essential to research and compare different options to make an informed decision.

What is Amber Token used for?

Amber Token is a cryptocurrency that serves various purposes within its respective blockchain ecosystem. It can be utilized for different use cases, including but not limited to:

1. Medium of Exchange: Like other cryptocurrencies, Amber Token can be used as a medium of exchange, facilitating peer-to-peer transactions securely and quickly without the need for intermediaries.

2. Store of Value: Some individuals may choose to hold Amber Tokens as a long-term investment, considering it as a store of value similar to how others view Bitcoin or Ethereum.

3. Governance Rights: In certain blockchain networks, holding Amber Tokens can grant users the ability to participate in the governance process. This may include voting on protocol upgrades, deciding on platform policies, or proposing changes within the ecosystem.

One specific use case of Amber Token could be within a decentralized finance (DeFi) platform. Users can stake their Amber Tokens to provide liquidity to a liquidity pool. By doing so, they enable the platform to offer lending and borrowing services. In return, users receive rewards in the form of additional Amber Tokens or fees generated by the platform.

It is important to note that the specific use cases for Amber Tokens may vary depending on the blockchain ecosystem it is associated with. Users should always refer to the project's official documentation or announcements for the most accurate and up-to-date information on how to use Amber Tokens.

What is DIA's Amber Token API?

DIA's Amber Token API is a powerful tool that provides real-time price feeds for crypto assets. These API endpoints supply accurate and timely data by sourcing raw information from over 85 on-chain and off-chain cryptocurrency and NFT exchanges. DIA's extensive data collection ensures that their price feeds are comprehensive and reliable, setting them apart from other web3 data providers.

While DIA does offer free API endpoints for developers to test, the real value lies in their custom feeds. These custom API data feeds can be tailored to specific requirements, allowing users to customize sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA through Discord or Telegram.

The use cases for DIA's API are diverse and span across the blockchain ecosystem. In DeFi applications, the price information from DIA's APIs can be utilized in various ways, such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets. Furthermore, in NFTfi applications, DIA's API can enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

Overall, DIA's Amber Token API offers a wealth of possibilities for developers and users in the blockchain space. Whether accessing the free API endpoints for testing or opting for custom feeds to meet specific needs, DIA's API is a valuable resource for obtaining accurate and reliable price data. For more details on using DIA's API or to explore their offerings, visit their website or reach out via the provided communication channels.

What is DIA's Amber Token price oracle?

DIA's Amber Token price oracle is a smart contract that offers real-time price feeds for various crypto assets. DIA stands out by being integrated with more than 35 layer 1 and layer 2 networks, allowing them to deploy price oracles across multiple blockchains. These price feeds are based on data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, providing a comprehensive view of the market.

While DIA provides free demo oracles for developers to test, these are strictly for testing purposes and cannot be used in production applications. However, DIA offers custom feed configurations for users who require tailored price oracle data. Custom feeds can be designed to meet specific requirements, including sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA through Discord or Telegram.

Blockchain oracles, in general, are external providers that supply verified data from outside the blockchain to smart contracts. They play a crucial role in bringing real-world data to blockchain applications, enabling the execution of smart contracts based on accurate and up-to-date information.

DIA's custom oracles offer significant value to users, allowing them to access personalized price feeds in line with their specific needs and use cases. This flexibility makes DIA's price oracles particularly useful for a range of applications within the DeFi and NFTfi ecosystems, including derivatives, lending markets, stablecoins, NFT lending, and fractionalization, among others.

Overall, DIA's comprehensive price oracle infrastructure, including the availability of custom feeds, enables users to access accurate and reliable price data for informed decision-making within the blockchain space.

Why use DIA's AMB API & price oracle?

DIA's AMB API and AMB Price Oracle offer significant benefits for users in the blockchain ecosystem. These tools provide access to accurate and reliable price data for cryptocurrencies and NFTs.

The main advantage of utilizing DIA's API and Price Oracle is the high level of customization available. Users can tailor each oracle and API endpoint to meet the specific needs of decentralized applications. This includes configuring data sources, applying data cleaning filters, selecting pricing methodologies, and determining update mechanisms and frequency. This flexibility ensures that the oracle and data remain robust and resilient in varying market conditions, providing global and specific market prices for individual or cross-chain use cases.

Transparency is another major benefit of using DIA's API and Oracle feeds. DIA ensures full and granular transparency throughout the entire data journey. Alongside this, DIA provides tracking and monitoring tools to closely monitor oracle and API feeds, enhancing trust and reliability.

By leveraging DIA's technology, users gain access to customizable and transparent price data. These features empower blockchain-based applications with accurate and reliable information, allowing for informed decision-making and facilitating the growth of the decentralized finance ecosystem.

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.