MILK Alliance (MLK) API and Price Oracle

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MILK Alliance

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 MILK Alliance (MLK)?

MILK Alliance (MLK) is a blockchain platform aiming to promote transparency and sustainability in the dairy industry. It provides a decentralized marketplace for dairy products and supports traceability through the use of smart contracts. MLK was founded by the XINF Foundation in 2021. The name "MILK" stands for "Marketplace for Informed Livelihoods and Knowledge." Key features include supply chain visibility, fair pricing, and data integrity.

How does MILK Alliance work?

The MILK Alliance is a blockchain-based platform that aims to provide transparent and efficient solutions for the dairy industry. It utilizes blockchain technology to track and verify the entire supply chain of dairy products, ensuring trust and traceability.

At the core of the MILK Alliance is a blockchain network, which serves as the foundation for secure and immutable data storage. The platform uses a public blockchain, allowing for greater transparency and accountability.

The functioning of MILK Alliance involves several key steps. Firstly, the dairy products are labeled with a unique identifier, such as a QR code, at various stages of the supply chain. This identifier contains important information, including the origin of the product, the farm it came from, and details about its production.

Next, this data is recorded on the blockchain, ensuring that it cannot be tampered with or altered. This creates a transparent and verifiable record of the entire journey of the dairy products, from farm to table.

Participating stakeholders, such as farmers, processors, distributors, and retailers, can access this information through the MILK Alliance platform. They can verify the authenticity and quality of the dairy products, ensuring consumer trust and enabling efficient supply chain management.

By leveraging blockchain technology, MILK Alliance provides an immutable and transparent system that enhances trust and efficiency in the dairy industry. Consumers can have confidence in the products they purchase, and stakeholders can streamline their operations with reliable data.

What are the benefits of MILK Alliance?

The MILK Alliance, a blockchain-based initiative, brings several benefits to the table compared to its direct competitors.

One key advantage of the MILK Alliance is its focus on interoperability. The project aims to enable seamless communication and data sharing between different blockchains. This is a significant step forward in the blockchain industry, as interoperability has been a major challenge for many networks. By facilitating cross-chain transactions and data access, the MILK Alliance opens up new possibilities for developers and users alike.

Another benefit of the MILK Alliance is its emphasis on security. With its trustless environment and decentralized architecture, the alliance aims to provide a safe and reliable platform for users to transact and store their assets. By leveraging the power of blockchain technology, the MILK Alliance ensures transparency and immutability, reducing the risk of fraud and manipulation.

Compared to its direct competitors, the MILK Alliance stands out for its commitment to community governance. The project recognizes the importance of community input, allowing token holders to participate in decision-making processes. This level of decentralization gives users a say in the future development of the platform, fostering a sense of ownership and inclusivity.

In summary, the MILK Alliance offers unique benefits in terms of interoperability, security, and community governance. These advantages distinguish it from its direct competitors and position it as a promising player in the blockchain space.

What is MILK Alliance used for?

The MILK Alliance is a collaboration between multiple blockchain oracle projects that aims to improve the quality and reliability of data on the blockchain. It provides a platform for these oracle providers to share resources, knowledge, and best practices in order to ensure accurate and trustworthy data feeds for smart contracts.

One common use case for the MILK Alliance is in decentralized finance (DeFi) applications. In DeFi, smart contracts are used to automate financial transactions, such as lending, borrowing, and trading, without the need for intermediaries like banks. However, for these smart contracts to function properly and securely, they require access to reliable off-chain data, such as asset prices or interest rates.

By leveraging the MILK Alliance, DeFi applications can access a wide range of oracle providers, each specializing in different types of data feeds. This helps to reduce the risk of relying on a single oracle provider and increases the overall reliability of the data used in smart contracts.

One specific case where the MILK Alliance can be valuable is in the insurance industry. Insurance smart contracts often require accurate and up-to-date information about events (e.g., weather conditions, flight delays), so that payouts can be automatically triggered when certain conditions are met. By using multiple oracle providers from the MILK Alliance, insurance companies can ensure that the data used for these contracts is verified and tamper-proof, reducing the risk of fraudulent claims and improving the efficiency of the claims process.

Overall, the MILK Alliance plays a crucial role in enhancing the reliability and integrity of data on the blockchain, particularly in areas such as DeFi and insurance. By bringing together various oracle providers, it helps to create a more robust ecosystem for smart contracts to operate in.

What is DIA's MILK Alliance API?

DIA's MILK Alliance API is a powerful tool that provides real-time price feeds of crypto assets. These price feeds are constructed by sourcing raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in a comprehensive and accurate data set. DIA stands out from other web3 data providers by leveraging this extensive data to deliver unparalleled insights.

DIA offers free API endpoints for developers to test and explore. These endpoints can be accessed on the asset's detail page in the DIA App. While the free API endpoints serve as a great starting point, DIA also offers the flexibility to build fully customizable and tailored data feeds. Developers can request custom configurations for their specific needs, including sources, methodologies, and update mechanisms.

Custom feeds play a crucial role in meeting individual requirements. They offer greater flexibility and allow for more precise and targeted data retrieval. By reaching out to DIA via Discord or Telegram, users can request a dedicated API price feed that aligns with their unique needs.

The use cases for DIA's API are vast within the blockchain ecosystem. In the realm of DeFi, the price information from DIA's APIs can be applied to derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets, among others. For NFTfi applications, DIA's API can enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

In summary, DIA's MILK Alliance API serves as a vital resource for obtaining real-time price feeds. While free feed endpoints are available for testing, the custom feeds offer enhanced functionality and adaptability. Developers can harness the power of DIA's API to revolutionize various applications within the blockchain ecosystem.

What is DIA's MILK Alliance price oracle?

DIA's MILK Alliance price oracle is a smart contract that provides real-time price feeds for various cryptocurrencies. Integrated with more than 35 layer 1 and layer 2 networks, DIA can deploy price oracles across multiple blockchains. The price data is carefully constructed using raw data from over 85 cryptocurrency and NFT exchanges, both on-chain and off-chain. This vast amount of data allows DIA to offer unique insights that other web3 data providers cannot match.

While DIA does provide free demo oracles for developers to test, these are strictly for testing purposes and cannot be integrated into production applications. However, DIA also offers the option to request custom configuration for price feed oracles. This means that users can tailor their data feeds according to their specific requirements, including sources, methodologies, and update mechanisms. To request a custom feed, users can contact DIA via Discord or Telegram.

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

A blockchain oracle, such as DIA's MILK Alliance price oracle, acts as an external information provider that supplies verified data from outside the blockchain to smart contracts. This enables smart contracts to access real-world data and make informed decisions based on the latest market prices.

Overall, DIA's custom price oracles offer users the ability to tailor their price feed data according to their specific needs, making them a valuable tool for developers and users in the blockchain ecosystem.

Why use DIA's MLK API & price oracle?

DIA's MLK API and MLK Price Oracle offer a wide range of benefits for users in the blockchain ecosystem. These powerful tools enable users to access accurate and reliable price data for cryptocurrencies and NFTs.

One of the main advantages 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 decentralized applications. This customization includes configuring data sources, applying data cleaning filters, determining pricing methodologies, and establishing update mechanisms and frequency. This flexibility ensures that the data and oracle remain robust and resilient to market conditions, providing global and specific individual or cross-chain market prices.

Transparency is another major benefit of utilizing DIA's API and Oracle feeds. These tools offer full and granular transparency throughout the entire data journey. Users can have confidence in the integrity and accuracy of the price data provided by DIA.

To further enhance user experience, DIA also provides various tracking and monitoring tools. This allows users to closely track and monitor the performance of their oracle and API feeds.

Overall, DIA's MLK API and MLK Price Oracle offer users accurate and reliable price data, customization opportunities, transparency, and monitoring capabilities. These features make DIA an excellent choice for those seeking comprehensive and tailored solutions 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.