DxChain Token (DX) API and Price Oracle

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DxChain 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 DxChain Token (DX)?

DxChain Token (DX) is the native cryptocurrency of the DxChain Network. Launched in 2018, its purpose is to incentivize users to share and store data on the decentralized data platform. The project aims to provide a secure and scalable solution for data storage and processing. The founder of DxChain is Allan Zhang, and the founding company is DxChain Labs. The name "DxChain" is derived from "Decentralized XP."

How does DxChain Token work?

The DxChain Token operates on the DxChain network, which is built on a blockchain technology to enable storage and computation services. The underlying technology behind DxChain is a decentralized data exchange (DEX).

DxChain utilizes a unique hybrid consensus mechanism combining Proof of Spacetime (PoST) and Proof of Replication (PoRep). PoST is used to validate the storage space provided by network participants, while PoRep ensures the integrity and availability of data on the network. This combination enhances security and reduces the computational overhead required for consensus.

The DxChain blockchain itself is based on a modified version of Ethereum. It incorporates various improvements and optimizations to better suit its data storage and computation functionalities. The blockchain provides a transparent and tamper-proof ledger for managing transactions and interactions within the network.

The functioning of DxChain involves participants sharing their spare storage space, and in return, they are rewarded with DxChain Tokens for their contributions. This incentivizes users to join the network and provide their storage resources. The data stored on the network is encrypted and divided into smaller fragments, which are distributed across multiple network nodes for redundancy.

When users access or retrieve data from the DxChain network, they can be confident in its reliability and availability due to the decentralized nature of the storage. The DxChain Token serves as a means of value exchange within the network, enabling users to pay for storage and computation services and rewarding participants for their contributions.

Overall, DxChain Token leverages blockchain technology to create a decentralized data exchange platform that provides secure and efficient storage and computation services.

What are the benefits of DxChain Token?

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

1. Scalability: DxChain focuses on providing a highly scalable and efficient data storage and computing solution. It utilizes a unique hierarchical structure to support large-scale data processing, enabling high throughput and low latency.

2. Privacy: DxChain Token incorporates advanced encryption techniques to ensure the privacy and security of data stored on its blockchain. This feature provides users with control over their data and protects it from unauthorized access.

3. Cost-effectiveness: DX offers a cost-effective solution for data storage and processing. By leveraging blockchain technology, DxChain eliminates the need for intermediaries, reducing costs associated with traditional data management systems.

4. Flexibility: DxChain Token supports a wide range of use cases, including decentralized applications (dApps), machine learning, and artificial intelligence. Its modular architecture allows developers to customize and integrate DxChain with existing systems easily.

Compared to its direct competitors such as Storj, Filecoin, and Sia, DxChain Token stands out in terms of scalability and privacy features. While all these projects focus on decentralized storage solutions, DxChain's hierarchical structure and emphasis on user privacy differentiate it from the competition.

Please note that the above information is provided solely for informational purposes and should not be construed as an endorsement or recommendation of DxChain Token. It is essential to conduct thorough research and analysis before making any investment decisions.

What is DxChain Token used for?

The DxChain Token (DX) is the native cryptocurrency of the DxChain network, which is a decentralized big data and machine learning platform built on blockchain technology. DX token is used to facilitate various activities within the DxChain ecosystem.

Common use cases for DX token include:

1. Transaction Fees: Users of the DxChain network are required to pay transaction fees in DX token when they perform operations such as data storage, data retrieval, and data deletion. These fees help incentivize network participants to contribute resources and maintain the network's integrity.

2. Node Incentives: Nodes in the DxChain network play a crucial role in storing and validating data. In order to encourage node operators to participate and contribute their computing resources, they are rewarded with DX tokens. These incentives help create a strong and reliable network.

One specific case where DX token can be utilized is in data trading. DxChain enables users to securely and efficiently trade data in a peer-to-peer manner. Data providers can list their data sets on the DxChain marketplace and set a price in DX tokens. Potential buyers can then purchase the data sets using DX tokens. This creates a transparent and decentralized data marketplace where individuals and organizations can share and monetize their data.

Overall, the DX token plays a vital role in enabling transactions, incentivizing network participants, and facilitating data trading within the DxChain ecosystem.

What is DIA's DxChain Token API?

DIA's DxChain Token API is an essential tool for accessing real-time price feeds of cryptocurrencies and NFTs. These feeds are constructed using data gathered from over 85 on-chain and off-chain exchanges, resulting in a comprehensive and reliable source of information. DIA sets itself apart from other web3 data providers by offering free API endpoints for developers to test, as well as the option to create fully customizable, custom feeds.

The free API endpoints, available on the DIA App, are designed for informational purposes and serve as a convenient way for developers to experiment. However, DIA's true value lies in its ability to create personalized API price feeds. These custom feeds can be tailored based on specific requirements, such as the chosen data sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA via Discord or Telegram.

The use cases for DIA's API are diverse and extensive within the blockchain ecosystem. In the realm of DeFi, the price information provided by DIA's API can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in the NFTfi space, DIA's API opens the doors to peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other innovative applications.

DIA's DxChain Token API offers a wide range of possibilities and empowers developers to create cutting-edge decentralized applications. Whether utilizing the free endpoints or opting for custom feeds, DIA ensures that users have access to accurate and reliable price data for their blockchain projects.

What is DIA's DxChain Token price oracle?

DIA's DxChain Token price oracle is a powerful tool that provides real-time price feeds for various crypto assets. This oracle is integrated with more than 35 layer 1 and layer 2 networks, allowing DIA to deploy price oracles across multiple blockchains. The price feeds generated by DIA are meticulously constructed by sourcing data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, encompassing billions of individual trades.

While DIA offers demo oracles for developers to test, it's important to note that these are solely meant for testing purposes and cannot be integrated into production applications. However, DIA also offers the option to request custom configuration for a dedicated price feed oracle. These custom oracles can be tailored with specific sources, methodologies, update mechanisms, and more.

To request a custom feed, interested users can get in touch with DIA through Discord or Telegram.

Blockchain oracles, like DIA's price oracle, serve as external information providers that supply verified data from outside the blockchain to smart contracts. DIA's custom oracles can be immensely valuable for users, as they offer a wide array of use cases in the blockchain ecosystem. For instance, in the DeFi space, the price information from DIA's oracles can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi realm, DIA's oracles can support peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and various other applications.

Overall, DIA's custom oracles provide users with tailored and reliable price feed solutions, catering to their specific needs within the ever-evolving blockchain landscape.

Why use DIA's DX API & price oracle?

DIA's DX API and DX Price Oracle offer numerous benefits to users in the blockchain ecosystem, particularly when it comes to accessing accurate and reliable price data for cryptocurrencies and NFTs. The key advantage of utilizing 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 match the specific requirements of decentralized applications. This customization allows for configuring data sources, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency of the final feed. As a result, the data and oracle remain robust and resilient to market conditions, providing global and specific individual or cross-chain market prices. This tailored approach ensures adaptability to unique market conditions associated with chosen data sources.

Transparency is another major benefit offered by DIA's API and Oracle feeds. Users can enjoy full and granular transparency across the entire data journey, fostering trust and confidence in the information accessed. To further enhance transparency, DIA provides tracking and monitoring tools that allow users to closely monitor the performance of their chosen oracles and API feeds. By providing accurate and reliable price data along with customizable options and transparency, DIA's DX API and DX Price Oracle serve as valuable tools for users seeking to leverage blockchain technology effectively.

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.