Measurable Data Token (MDT) API and Price Oracle

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Measurable Data 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 Measurable Data Token (MDT)?

Measurable Data Token (MDT) is a cryptocurrency token used to reward users for sharing their data. It was created to provide a solution for the challenges surrounding data privacy and ownership. MDT was founded by DENT Wireless in 2018. The name "Measurable Data Token" is derived from its purpose of enabling the measurement and monetization of user data. MDT aims to empower individuals to take control of their data and receive fair compensation for its usage.

How does Measurable Data Token work?

Measurable Data Token (MDT) is a cryptocurrency built on the Ethereum blockchain that aims to reward users for sharing their data. The underlying technology behind MDT is blockchain, which provides a decentralized and secure platform for data exchange.

MDT utilizes Ethereum's smart contract capabilities to create a transparent and trustless system. Users can install the Measurable AI mobile app, where they can opt to share their mobile usage data with the platform. This data includes app usage, screen time, and other behavioral patterns. By utilizing MDT, users are incentivized to provide accurate and valuable data, as they are rewarded in tokens.

The MDT ecosystem relies on a decentralized network of data providers known as "Data Donors." These individuals voluntarily share their data, which is then aggregated and anonymized to protect privacy. The data is validated and verified using blockchain oracles, ensuring its integrity and authenticity.

The MDT tokens serve as the native currency within the ecosystem. They can be used for various purposes, such as accessing premium data services, purchasing data analysis tools, or exchanging for other cryptocurrencies.

By leveraging blockchain technology, MDT offers a more transparent and trustworthy data-sharing model. The Ethereum blockchain provides the necessary security and immutability for data transactions. This decentralized approach empowers individuals to control and monetize their own data while maintaining privacy.

It is important to note that the information provided here is a general overview of how Measurable Data Token works. For more detailed and up-to-date information, it is recommended to refer to official sources and documentation from the MDT project.

What are the benefits of Measurable Data Token?

Measurable Data Token (MDT) offers several key benefits that set it apart from its direct competitors. These benefits include data privacy and ownership, fair compensation for data providers, and transparency and integrity in data verification.

One of the main advantages of MDT is its focus on data privacy and ownership. Unlike some of its competitors, MDT utilizes decentralized technologies such as blockchain to ensure that data providers have full control over their data. This means that individuals and organizations can protect their sensitive information and determine who has access to it.

Another important benefit of MDT is its fair compensation model for data providers. MDT enables individuals to monetize their data by allowing them to receive rewards in the form of MDT tokens. This creates a more inclusive and equitable data economy, where data contributors are fairly compensated for their valuable information.

Transparency and integrity in data verification is also a notable advantage of MDT. The use of blockchain technology ensures that data is securely and immutably recorded, eliminating the possibility of tampering or data manipulation. This enables users to trust the accuracy and reliability of the data they are accessing.

Compared to its direct competitors, MDT stands out in terms of its decentralized approach to data privacy and ownership, its fair compensation model for data providers, and the transparency and integrity provided by blockchain technology. These benefits make MDT an attractive option for individuals and organizations looking to leverage their data in a secure, fair, and transparent manner.

What is Measurable Data Token used for?

The Measurable Data Token (MDT) serves as a utility token within the ecosystem of data exchange on the blockchain. It is primarily used to incentivize users to share and sell their personal data in a secure and transparent manner.

There are several common use cases for MDT. One of them is in the advertising industry, where companies often rely on data to create targeted ads and improve their marketing strategies. With MDT, individuals can choose to monetize their data by sharing it with advertisers. In return, they receive MDT tokens as compensation for granting access to their personal information.

Another use case for MDT is in the field of market research. Companies and researchers are constantly seeking accurate and up-to-date data to understand consumer behavior and make informed business decisions. By offering their data via MDT, individuals can contribute to market research efforts and receive rewards in return.

A specific case where MDT can be applied is the healthcare industry. With the increasing importance of data in medical research and patient care, MDT can be used to incentivize individuals to contribute their health-related data. This data, when anonymized and securely shared, can be used to improve diagnosis, treatment, and overall healthcare outcomes. Participants can receive MDT tokens as a form of compensation for their valuable contribution.

In summary, the Measurable Data Token is utilized for incentivizing individuals to share their data securely and transparently. While its common use cases can be found in advertising and market research, it also has potential applications in industries such as healthcare, where data plays a crucial role in improving outcomes.

What is DIA's Measurable Data Token API?

DIA's Measurable Data Token (MDT) API is a vital tool for accessing real-time price feeds of crypto assets. DIA stands out by sourcing raw data from over 85 on-chain and off-chain exchanges, resulting in comprehensive and accurate price feeds. While DIA offers free API endpoints for testing purposes, their true value lies in the customization options available. Custom feeds are tailored to meet specific requirements, allowing users to configure sources, methodologies, update mechanisms, and more. To request a custom feed, developers can easily reach out to DIA through Discord or Telegram.

The applications of DIA's API are diverse and span across the blockchain ecosystem. In the decentralized finance (DeFi) sector, the price information provided by DIA's API can be effectively utilized in derivatives, options, futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Similarly, in the NFTfi sector, applications like peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and others can benefit from DIA's API.

APIs, or application programming interfaces, act as intermediaries that allow different software systems to communicate and share information. DIA's API ensures that developers have access to reliable and up-to-date price data, enabling them to build innovative blockchain-based solutions.

In summary, while DIA offers free API endpoints for testing purposes, the true power of their API lies in the ability to create custom feeds that can be tailored to specific needs. These custom feeds provide a wealth of possibilities to developers, enabling them to create unique and specialized applications within the blockchain ecosystem.

What is DIA's Measurable Data Token price oracle?

DIA's Measurable Data Token (MDT) price oracle is a powerful tool for accessing real-time price feeds of cryptocurrencies and NFTs. With integration on over 35 layer 1 and layer 2 networks, DIA's price oracles provide extensive coverage across multiple blockchains.

DIA's price feeds are constructed using raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring accuracy and reliability. This data is sourced from billions of individual trades, enabling DIA to deliver comprehensive and robust price information.

While DIA does offer free demo oracles for developers to test, these are strictly for testing purposes and cannot be used in production applications. However, users have the option to request custom configurations for their specific needs. DIA can build dedicated price feed oracles tailored to users' requirements, including sources, methodologies, update mechanisms, and more. To request a custom feed, users can get in touch with DIA via Discord or Telegram.

The use cases for DIA's price oracles are vast and span across the blockchain ecosystem. In the DeFi space, they can be employed in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi realm, applications include peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and beyond.

As a brief explanation, a blockchain oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts. DIA's price oracles serve as reliable sources of price information for various blockchain-based applications, supporting transparent and efficient operations within the crypto ecosystem.

Why use DIA's MDT API & price oracle?

DIA's MDT API and MDT Price Oracle offer numerous benefits for users within the blockchain ecosystem. By utilizing DIA's technology, users gain access to precise and reliable price data for cryptocurrencies and NFTs. The primary advantage of using DIA's API or Price Oracle for a specific token is the exceptional level of customization available.

Each oracle and API endpoint can be tailored to meet the specific requirements of decentralized applications. This includes the ability to configure data sources, implement data cleaning filters, apply pricing methodologies, and determine the frequency of updates. Such customization ensures the oracle remains robust and resilient, even in unique market conditions. The resulting solution provides both global and individual or cross-chain market prices, catering to the diverse needs of users.

Furthermore, DIA's API and Oracle feeds offer a high level of transparency. Users can track and monitor the entire data journey, ensuring full visibility and accountability. DIA also provides various tracking and monitoring tools to further enhance the oversight of its oracle and API feeds.

In summary, DIA's MDT API and MDT Price Oracle deliver accurate and reliable price data for cryptocurrencies and NFTs. This, coupled with the ability to customize the feeds to meet specific requirements, ensures robustness and resilience in varying market conditions. With transparency and monitoring tools available, DIA's API and oracles provide users with a comprehensive solution for accessing and leveraging crucial price data 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.