FirstBlood Token (1ST) API and Price Oracle
What is FirstBlood Token (1ST)?
FirstBlood Token (1ST) is a cryptocurrency that powers the FirstBlood platform, a decentralized eSports platform built on the Ethereum blockchain. It was founded in 2016 by Zack Coburn and Joe Zhou, and the company behind it is FirstBlood Technologies Inc. The purpose of 1ST is to provide an efficient and transparent way for gamers to compete in eSports tournaments and earn rewards. The token gets its name from the platform's emphasis on fair play and rewarding players for their skills.
FirstBlood Token operates on the Ethereum blockchain, making use of smart contracts to facilitate decentralized esports tournaments. The underlying technology behind FirstBlood Token is designed to provide a transparent and fair platform for competitive gaming.
Using the blockchain as a trusted source of truth, FirstBlood Token allows players to compete in online games and earn rewards in a secure and verifiable manner. The platform utilizes oracles, which are external information providers, to fetch data about game outcomes and results. These oracles can access information from various sources and ensure the accuracy and integrity of game-related data.
By leveraging blockchain technology, FirstBlood Token eliminates the need for intermediaries and third-party validators. This removes the possibility of centralized manipulation or fraud, as all game outcomes and rewards are recorded on the transparent and immutable Ethereum blockchain.
The functioning of FirstBlood Token involves players depositing tokens as a security measure before participating in a match. Once the match is completed, the oracle retrieves the necessary data and verifies the outcome. Based on the results, smart contracts automatically distribute rewards to the winning players.
Through this decentralized and trustless approach, FirstBlood Token enables fair and efficient eSports competitions, where players can confidently and securely participate, knowing that the outcomes are accurately recorded and rewards are fairly distributed.
FirstBlood Token (1ST) offers several benefits when compared to its direct competitors, such as Augur (REP) and Gnosis (GNO).
One key benefit of FirstBlood Token is its focus on the esports industry. FirstBlood provides a decentralized platform for competitive gaming, allowing players to compete in skill-based challenges and earn rewards in the form of 1ST tokens. This unique offering sets FirstBlood apart from its competitors, as Augur and Gnosis primarily focus on prediction markets and decentralized exchange platforms.
Another advantage of FirstBlood Token is its emphasis on fair play and transparency. The platform utilizes smart contracts to ensure that all games are played according to the rules, providing a level playing field for participants. This feature enhances the trust and integrity of the platform, which can be crucial in the esports industry where fairness is paramount.
Additionally, the FirstBlood Token ecosystem provides various opportunities for token holders. Users can use 1ST tokens to participate in tournaments, sponsor events, and make in-game purchases. This creates a vibrant and active community within the platform, fostering engagement and potential growth.
Furthermore, FirstBlood Token benefits from being an early mover in the esports blockchain space. Its established presence and partnerships in the industry provide a competitive advantage over newcomers, resulting in a strong user base and network effect.
In summary, the benefits of FirstBlood Token include its focus on the esports industry, its emphasis on fair play and transparency, the diverse opportunities for token holders, and its early mover advantage. These features differentiate FirstBlood Token from its direct competitors, Augur and Gnosis, and position it as a compelling option for individuals interested in the intersection of blockchain technology and esports.
The FirstBlood Token (1ST) serves as the native cryptocurrency of the FirstBlood platform, which is a decentralized gaming platform built on the Ethereum blockchain. The token is used to incentivize and facilitate various activities within the platform.
Common use cases of the FirstBlood Token include:
1. Rewards and incentives: Players can earn 1ST tokens as rewards for participating in tournaments, achieving high scores, and winning matches. These tokens can then be used for various purposes within the platform.
2. In-game purchases: Users can use 1ST tokens to purchase in-game items, such as skins, upgrades, or virtual goods, enhancing their gaming experience.
3. Staking and betting: The FirstBlood platform allows users to stake their 1ST tokens in prediction contests and betting pools, where they can compete against others and earn rewards based on their predictions or bets.
One specific use case of the FirstBlood Token is its role in facilitating fair and transparent eSports competitions. The platform enables players to compete against each other in skill-based matches, with the outcome of the games automatically verified and recorded on the blockchain. The use of 1ST tokens ensures that players are properly rewarded for their skills, as well as providing a secure and trustless environment for eSports tournaments.
Through the utilization of blockchain technology and the FirstBlood Token, the platform aims to revolutionize the gaming industry by improving transparency, reducing friction, and empowering gamers with more control over their gaming experience.
DIA's FirstBlood Token API is one of the many API endpoints provided by DIA that offers real-time price feeds for various crypto assets. These price feeds are constructed using raw data from a vast network of over 85 on-chain and off-chain cryptocurrency and NFT exchanges. With access to billions of individual trades, DIA is able to provide comprehensive and accurate price data that sets it apart from other web3 data providers.
Regarding the availability of their API endpoints, DIA offers both free and fully customizable options. The free API endpoints are available for developers to test and can be found on the asset's detail page within the DIA App. These endpoints follow a standardized format and are meant for informational purposes.
However, DIA also offers custom feeds which are tailored to specific user requirements. These custom API data feeds can be customized in terms of sources, methodologies, update mechanisms, and more. User can request a custom feed by getting in touch with DIA through Discord or Telegram.
The custom feeds provided by DIA are particularly beneficial and useful for users as they can be tailored to meet specific needs. The price information from DIA's APIs can be utilized in various ways across the blockchain ecosystem. Some potential use cases include derivatives, options, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more in the DeFi space. Additionally, in the NFTfi sector, it can be used for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.
In summary, DIA's FirstBlood Token API is a valuable resource for obtaining real-time and customizable price feeds for crypto assets. The option for custom feeds adds an extra level of flexibility and utility for users in various blockchain applications.
DIA's FirstBlood Token price oracle is a smart contract that provides real-time price feeds for various crypto assets. DIA stands out from other web3 data providers as it is integrated with over 35 layer 1 and layer 2 networks, allowing the deployment of price oracles across multiple blockchains.
DIA's price feeds are constructed by aggregating raw data from more than 85 on-chain and off-chain exchanges, ensuring accurate and reliable information. While DIA provides free demo oracles for developers to test, these are solely for testing purposes and cannot be used in production applications. However, DIA offers custom configuration options for users who require dedicated and tailored price feeds. These custom oracles can be customized in terms of sources, methodologies, update mechanisms, and more.
To request a custom feed, users can reach out to DIA via Discord or Telegram. This emphasis on custom oracles highlights DIA's commitment to meeting the specific needs and requirements of users.
DIA's price oracles have diverse use cases within the blockchain ecosystem. These include derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more in the DeFi space. In terms of NFTfi applications, DIA's oracles can be used for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and much more.
In the context of blockchain technology, an oracle refers to an external information provider that supplies verified data from outside the blockchain to smart contracts. It plays a crucial role in enabling smart contracts to interact with real-world data, expanding the possibilities and functionality of decentralized applications.
Overall, DIA's FirstBlood Token price oracle offers real-time price feeds, with the option of requesting custom oracles, providing flexibility and customization to users' specific needs.
DIA's 1ST API and Price Oracle offer numerous benefits for users in the blockchain ecosystem, especially when it comes to accessing accurate and reliable price data for cryptocurrencies and NFTs. The key advantage of using DIA's API or Price Oracle is the high level of customisation available. Users can tailor each oracle and API endpoint according to their specific needs, including selecting data sources, applying data cleaning filters and pricing methodologies, and determining update mechanisms and frequency. This customisation ensures the resilience and robustness of the data and oracle, enabling them to adapt to market conditions and provide accurate global and specific market prices.
Moreover, DIA's API and Oracle feeds provide a transparent data journey. Users can have full visibility into every step of the data process, ensuring trust and confidence in the provided information. Additionally, DIA offers tracking and monitoring tools to closely monitor and manage the oracle and API feeds.
In summary, the main benefits of using DIA's 1ST API and Price Oracle are the customisation options available, which allow users to tailor the data to their specific requirements, and the transparency provided throughout the data journey, ensuring trust and reliability.