Uquid Coin (UQC) API and Price Oracle

Uquid Coin

UQC
$
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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0x8806...D6e2
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 Uquid Coin (UQC)?

Uquid Coin (UQC) is a cryptocurrency designed for global digital payments. Launched in 2017 by Uquid, a UK-based company, UQC aims to provide secure and efficient transactions across borders. It operates on the Ethereum blockchain and offers a decentralized platform for storing and exchanging value. The name "Uquid" comes from the combination of "universal" and "quid," a slang term for money in the UK. UQC has gained popularity for its ease of use and widespread acceptance in various industries.

How does Uquid Coin work?

Uquid Coin (UCN) is a cryptocurrency that operates on the Ethereum blockchain. It utilizes smart contracts to provide a decentralized platform for global transactions. The underlying technology behind Uquid Coin is based on the Ethereum blockchain, which allows for secure and transparent transactions.

The Uquid Coin ecosystem enables users to hold, manage, and spend their digital assets. It serves as a bridge between traditional fiat currencies and cryptocurrencies, offering a range of products and services. UCN holders can conveniently convert their tokens into popular cryptocurrencies like Bitcoin, Ethereum, and many others.

One of the main features of Uquid Coin is its ability to facilitate online payments and transfer of funds. By using UCN, users can make purchases from a vast network of merchants that accept cryptocurrencies. This opens up new opportunities for individuals and businesses seeking to embrace the benefits of digital currencies.

The functioning of Uquid Coin is enabled through the Ethereum blockchain. Transactions are validated and recorded on the blockchain, ensuring their security and immutability. Additionally, UCN leverages smart contracts to automate processes, such as token transfers and transaction settlements. These smart contracts eliminate the need for intermediaries, reducing costs and increasing efficiency.

In summary, Uquid Coin operates on the Ethereum blockchain, utilizing smart contracts to enable secure and transparent global transactions. Through its ecosystem, UCN offers a range of products and services, including online payments and conversion between cryptocurrencies. By leveraging the power of blockchain technology, Uquid Coin aims to revolutionize the way we transact and interact with digital assets.

What are the benefits of Uquid Coin?

Uquid Coin (UCD) offers several benefits compared to its direct competitors in the cryptocurrency market. One significant advantage is its emphasis on usability and practicality. Uquid Coin aims to provide a seamless integration of cryptocurrency in various real-world use cases. Users can utilize Uquid Coin to make payments online, purchase digital goods, and even pay bills. This practical functionality sets it apart from its competitors.

Another notable benefit of Uquid Coin is its widespread acceptance. UCD is accepted by numerous online merchants, making it easier for users to spend their cryptocurrency on everyday items. This wide acceptance enhances the utility and value of Uquid Coin for its users, giving them more options and flexibility in their transactions.

Additionally, Uquid Coin stands out for its strong infrastructure and advanced technology. Its blockchain platform is designed to ensure secure and fast transactions. This reliability and efficiency contribute to a smooth user experience, which is crucial for mainstream adoption.

While Uquid Coin offers these advantages, it's important to note that the cryptocurrency space is highly competitive, with multiple contenders vying for market share. Some of its direct competitors include well-established cryptocurrencies like Bitcoin and Ethereum. Each of these competitors has its own unique features and strengths. However, Uquid Coin's emphasis on practical use cases, widespread acceptance, and strong infrastructure makes it a compelling choice for users seeking a cryptocurrency that is both functional and convenient.

What is Uquid Coin used for?

Uquid Coin (UCD) is a cryptocurrency that has several use cases in the blockchain ecosystem. It is primarily used as a utility token within the Uquid platform, a decentralized digital asset issuance system.

Common use cases for Uquid Coin include:

1. Payment Method: UCD can be used as a form of payment for various goods and services within the Uquid ecosystem. This allows users to easily transact using UCD as a medium of exchange.

2. Rewards and Loyalty Program: Uquid Coin can also be used as a reward token within the Uquid platform. Users may earn UCD as rewards for their engagement and loyalty to the platform.

One specific case where Uquid Coin is utilized is in the Uquid debit card program. Uquid offers a debit card that allows users to spend their cryptocurrencies at any merchant that accepts Visa. By holding Uquid Coins, users can convert their cryptocurrencies into fiat currencies and load their Uquid debit card with these funds. This enables users to seamlessly use their digital assets for everyday purchases, just like using a regular debit card.

In conclusion, Uquid Coin serves as a utility token within the Uquid platform, facilitating payments, rewards, and enabling cryptocurrency spending through their debit card program. It provides users with a convenient and secure way to utilize their digital assets in real-world transactions.

What is DIA's Uquid Coin API?

DIA's Uquid Coin API is an important component of DIA's comprehensive set of APIs, which provide real-time price feeds of various crypto assets. These price feeds are built using raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, encompassing billions of individual trades. DIA stands out from other web3 data providers by offering a level of data access that is unmatched in the industry.

Regarding the availability of DIA's API endpoints, developers have access to both free and fully customizable options. The free API endpoints are suitable for testing purposes and can be found on the asset's detail page within the DIA App. These endpoints follow a standardized format and are open to the public purely for informational purposes.

However, the true power of DIA's API lies in its ability to create custom feeds tailored to specific user requirements. When users need a customized configuration for a feed, DIA can build dedicated API price feeds. These custom feeds offer flexibility in terms of sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.

DIA's API has various use cases within the blockchain ecosystem. In the DeFi realm, the price information provided by DIA's APIs can be utilized in derivatives, options and futures markets, lending and borrowing platforms, collateralized stablecoin systems, synthetic asset issuance, money markets, and more. Additionally, in the NFT space, the API enables applications such as peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and others.

In conclusion, while DIA offers free API endpoints for developers to test, the real value lies in the ability to create custom feeds that suit specific needs. These custom feeds provide enhanced functionality and flexibility, ensuring that users can access the most relevant and useful data. DIA's Uquid Coin API, along with its other APIs, empowers developers and businesses to leverage real-time price information for diverse blockchain applications.

What is DIA's Uquid Coin price oracle?

DIA's Uquid Coin price oracle is a smart contract that provides real-time price feeds of crypto assets. DIA is known for its integration with 35+ layer 1 and layer 2 networks, allowing the deployment of price oracles in multiple blockchains. These oracles are constructed using raw data sourced from over 85 cryptocurrency and NFT exchanges. Unlike other web3 data providers, DIA's comprehensive data collection enables them to deliver unmatched accuracy and reliability.

While DIA offers free demo oracles for developers to test in their documentation, these demo oracles are strictly for testing purposes and cannot be integrated into production applications. However, DIA also provides custom price feed oracles that can be tailored to specific requirements. These custom feeds allow users to customize sources, methodologies, update mechanisms, and more.

To request a custom feed, users can reach out to DIA through Discord or Telegram. This highlights the usability and flexibility of DIA's oracles, emphasizing their commitment to meeting the unique needs of individual users.

DIA's price oracles have a wide range of applications in the blockchain ecosystem. They can be used in various DeFi applications such as derivatives, options, futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, they have potential use cases in the NFTfi sector, including peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and many others.

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. These oracles play a crucial role in enabling smart contracts to interact with real-world data, opening up numerous possibilities for innovation and automation.

Overall, DIA's custom oracles offer valuable solutions for users seeking tailored price data feeds, with the flexibility to adapt to specific needs in various blockchain applications.

Why use DIA's UQC API & price oracle?

DIA's UQC API and Price Oracle offer a range of benefits for users in the blockchain ecosystem. The main advantage of using DIA's technologies is the high level of customization they provide. Users can tailor each oracle and API endpoint to suit the specific needs of their decentralized applications. This includes configuring data sources, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency. By customizing these settings, users can ensure that the data and oracle remain robust and resilient to market conditions, providing accurate and reliable price data for cryptocurrencies and NFTs.

Another significant benefit of using DIA's API and Oracle feeds is the transparency they offer. DIA's technologies provide full and granular transparency throughout the entire data journey. Users can track and monitor the oracle and API feeds using various tools provided by DIA. This transparency allows users to verify and trust the data they receive, which is essential in the blockchain ecosystem.

In summary, the benefit of utilizing DIA's UQC API and Price Oracle is the high level of customization available, ensuring the robustness and resilience of the feed to unique market conditions. Additionally, users can rely on the transparency provided by DIA's technologies, allowing them to track and monitor the oracle and API feeds for accurate and reliable price data.

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.