REMME token (REM) API and Price Oracle

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REMME token

REM
$
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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0x8398...6B6d
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 REMME token (REM)?

REMME token (REM) is the native cryptocurrency of the REMME platform, which aims to revolutionize user authentication and data protection. Launched in 2017, REMME was founded by Alex Momot and is part of REMME Company. The name "REMME" is derived from "remote" and "remember." This decentralized, blockchain-based platform utilizes distributed consensus and SSL/TLS protocol to enhance security for businesses and provide users with simplified passwordless authentication. REMME tokens are used for various functions within the ecosystem, such as accessing services and voting on governance proposals.

How does REMME token work?

The REMME token operates on the Ethereum blockchain, utilizing its smart contract functionality to enable secure and decentralized authentication.

At the core of REMME's technology is a Public Key Infrastructure (PKI) protocol that replaces traditional usernames and passwords with SSL/TLS certificates stored on the blockchain. This eliminates the vulnerabilities associated with centralized databases and password-based systems.

When a user wants to access a service or platform, they generate a unique private key and corresponding public key using the REMME application. The private key remains local to the user's device, ensuring enhanced security. The public key is registered on the blockchain and used as the user's digital identity.

During the authentication process, the REMME protocol initiates a smart contract transaction on the Ethereum network. This transaction verifies the user's public key and compares it to the stored certificates on the blockchain. If the user's public key and certificate match, access is granted.

The REMME token serves multiple purposes within the ecosystem. It acts as a means of payment for certificate issuance and renewal, ensuring the sustainability of the REMME network. Additionally, token holders can participate in the governance of the platform by staking their REMME tokens and voting on important decisions.

Through its integration with the Ethereum blockchain and the use of its PKI protocol, the REMME token offers a secure and efficient method of authentication, addressing the weaknesses of traditional password-based systems.

What are the benefits of REMME token?

REMME token offers several benefits compared to its direct competitors in the blockchain space. Firstly, REMME token provides a secure and decentralized authentication solution. It leverages blockchain technology to eliminate the risks associated with traditional password-based authentication systems. By using REMME token, users can enjoy improved security and protection against hacking and data breaches.

Secondly, REMME token offers scalability and interoperability. It is designed to be compatible with multiple blockchain platforms, allowing for seamless integration with various decentralized applications. This flexibility enables developers to easily implement REMME token into their projects without any major modifications.

Furthermore, REMME token promotes transparency and trust. It employs a transparent consensus mechanism that ensures the integrity of the authentication process. Additionally, the use of blockchain technology provides an auditable and tamper-resistant record of all authentication events, which enhances trust between parties involved in transactions.

Compared to its direct competitors, REMME token stands out for its focus on user experience. It offers a user-friendly interface and streamlines the authentication process, making it accessible to users of all technical backgrounds. This user-centric approach sets REMME token apart from its competitors, as it prioritizes simplicity and usability.

In summary, REMME token offers enhanced security, scalability, interoperability, transparency, and a user-friendly experience. These benefits distinguish REMME token from its direct competitors and position it as a promising solution for secure authentication in the blockchain industry.

What is REMME token used for?

The REMME token serves as the native cryptocurrency of the REMME blockchain platform. It is designed to fulfill several key functions within the network.

First and foremost, REMME tokens are used for transaction fees on the REMME blockchain. Similar to other blockchain platforms, users must pay a certain amount of tokens to process transactions and interact with the network. These fees help maintain the security and integrity of the REMME blockchain.

In addition to transaction fees, REMME tokens also play a vital role in the platform's consensus mechanism. Token holders can participate in network governance and decision-making processes by staking their tokens and participating in voting. This allows token holders to have a say in the future development and direction of the REMME platform.

One specific case where REMME tokens are utilized is in the authentication and identity management sector. REMME offers a decentralized authentication protocol that replaces traditional username-password authentication methods with a blockchain-based solution. In this case, REMME tokens are used as incentives for network participants who provide their hardware resources and contribute to the validation of user identities.

In conclusion, the REMME token is primarily used for transaction fees and network governance on the REMME blockchain platform. It also has a specific use case in the authentication and identity management sector, where it incentivizes participants to contribute to the validation of user identities.

What is DIA's REMME token API?

DIA's REMME token API is one of the API endpoints provided by DIA to offer real-time price feeds for crypto assets. These price feeds are constructed using raw data sourced from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, encompassing billions of individual trades. DIA distinguishes itself as a web3 data provider by delivering what others cannot.

Regarding the availability of DIA's API endpoints, developers can access free API endpoints to test them out. These endpoints are publicly available in a standardized format and are primarily intended for informational purposes. However, DIA also offers fully customizable, custom feeds that are tailored to specific requirements. Users can contact DIA through Discord or Telegram to request a custom feed, allowing them to configure sources, methodologies, update mechanisms, and more.

These custom feeds hold significance as they provide enhanced flexibility and utility for users. They ensure that DIA's API data feeds can be used in various ways across the blockchain ecosystem. In the DeFi space, potential use cases include derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and others. For NFTfi applications, use cases encompass peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

In summary, DIA's REMME token API is part of their API endpoints offering real-time price feeds for crypto assets. While DIA provides free API endpoints for testing purposes, their customizable custom feeds offer enhanced benefits and usability. These feeds can be tailored according to specific requirements, making them valuable tools for various use cases within the blockchain ecosystem. To request a custom feed, users can reach out to DIA through Discord or Telegram.

What is DIA's REMME token price oracle?

DIA's REMME token price oracle is a smart contract that provides real-time price feeds for various crypto assets. DIA stands out in the market because it is integrated with over 35 layer 1 and layer 2 networks, enabling the deployment of price oracles across multiple blockchains. These price feeds are created by aggregating raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring accurate and reliable information.

While DIA offers free demo oracles for developers to test, these are strictly for testing purposes and cannot be used in production applications. However, for users who require a custom configuration for their price feed, DIA is able to build a dedicated price feed oracle. These custom oracles can be tailored based on specific sources, methodologies, update mechanisms, and other requirements. To request a custom feed, users can reach out to DIA via Discord or Telegram.

DIA's price oracles have a wide range of use cases within the blockchain ecosystem. In DeFi, they can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets, among others. In the NFTfi space, the oracles can support peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

In the context of blockchain technology, an oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts. Oracles play a crucial role in bridging the gap between on-chain and off-chain data, enabling smart contracts to interact with the real world. DIA's custom oracles provide valuable and customized price feeds, enhancing the usability and functionality of blockchain applications.

Why use DIA's REM API & price oracle?

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

The key advantage of using DIA's API or Price Oracle for a specific token is the high level of customization available. Users can tailor each oracle and API endpoint to meet the unique needs of their decentralized applications. This customization includes configuring the data sources, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency. By providing this level of flexibility, DIA ensures that the data and oracle remain robust and capable of adapting to market conditions.

Transparency is another major benefit of utilizing DIA's API and Oracle feeds. They offer full and granular transparency throughout the entire data journey, providing users with confidence in the accuracy and integrity of the information they receive. Additionally, DIA provides tools for tracking and monitoring its oracle and API feeds, allowing users to closely monitor the data and ensure its reliability.

In summary, DIA's REM API and REM Price Oracle provide users with customized solutions for accessing accurate price data for cryptocurrencies and NFTs. These tools offer flexibility, transparency, and robustness, enhancing the overall efficiency and reliability of the blockchain 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.