TenX Pay Token (PAY) API and Price Oracle

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TenX Pay 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 TenX Pay Token (PAY)?

TenX Pay Token (PAY) is a cryptocurrency project that aims to make digital currencies accessible for everyday use. It was founded in 2015 by Toby Hoenisch, Paul Kitti, and Michael Sperk. The company behind TenX Pay Token is TenX, a Singapore-based blockchain payment platform. The token allows users to spend cryptocurrencies in real-world situations through a debit card. It received its naming origins from the word "payment."

How does TenX Pay Token work?

TenX Pay Token (PAY) is a cryptocurrency that operates on the Ethereum blockchain. It is part of the TenX payment platform that aims to make cryptocurrencies spendable in everyday life.

The underlying technology behind TenX Pay Token is the Ethereum blockchain, which is a decentralized network that enables smart contracts to execute transactions. Smart contracts are self-executing agreements with predefined rules written into their code. In the case of TenX, these contracts facilitate the conversion of cryptocurrencies into traditional fiat currencies in real-time.

When a user wants to make a payment using TenX Pay Token, their cryptocurrency is locked in a smart contract. The smart contract then sends the necessary fiat currency to the merchant, ensuring instant and secure transactions. The conversion rates used for the transaction are based on real-time data provided by trusted sources, ensuring fair and accurate pricing.

Additionally, TenX Pay Token holders can benefit from rewards through the TenX loyalty program. This program offers token holders various perks, such as cashback and access to exclusive benefits.

Overall, TenX Pay Token utilizes the Ethereum blockchain to enable fast and secure conversions of cryptocurrencies into fiat currencies. By leveraging smart contracts and real-time data, TenX aims to bridge the gap between digital currencies and everyday transactions, making cryptocurrencies more accessible and usable.

What are the benefits of TenX Pay Token?

The TenX Pay Token offers several benefits compared to its direct competitors. One of the key advantages is its utility as a payment token in the TenX ecosystem. Users can spend their TenX Pay Tokens at any merchant or online platform that accepts the TenX card. This provides users with a convenient way to use their cryptocurrency holdings in real-world transactions.

Another benefit is the ability to earn rewards through the TenX token holding program. By holding TenX Pay Tokens, users are eligible to receive rewards in the form of additional tokens or discounts on transaction fees. This incentivizes users to hold and use TenX Pay Tokens within the ecosystem.

Compared to its competitors, TenX Pay Token also stands out for its wide range of supported cryptocurrencies. It supports popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, giving users more flexibility in their payment options.

Additionally, TenX Pay Token prides itself on its user-friendly mobile app, which provides a seamless and intuitive experience for managing and using cryptocurrencies. The app allows users to easily monitor their balances, make transactions, and transfer funds.

Overall, the TenX Pay Token offers a convenient payment solution with its wide acceptance, reward program, and user-friendly app interface. These benefits make it a competitive choice in the cryptocurrency payment space.

What is TenX Pay Token used for?

The TenX Pay Token (PAY) is a cryptocurrency token used within the TenX payment system. TenX aims to make cryptocurrencies spendable in everyday life by enabling users to make purchases using their digital assets.

The PAY token has several use cases within the TenX ecosystem. Firstly, it serves as a reward mechanism for token holders. Users who hold PAY can earn rewards in the form of additional PAY tokens. These rewards are distributed to incentivize and encourage users to hold and use the token.

Secondly, PAY can be used to pay for transaction fees on the TenX platform. When users make transactions using the TenX payment system, they have the option to use PAY tokens to cover the associated fees. This provides a seamless experience for users, as they can utilize their tokens directly within the TenX ecosystem.

Additionally, PAY holders can participate in the governance of the TenX platform. The token holders have the ability to vote on proposals and decisions that impact the future development and direction of the payment system.

One specific case where the TenX Pay Token can be used is in cross-border payments. Traditional cross-border transactions can be expensive and time-consuming. However, with TenX, users can send and receive funds internationally using cryptocurrencies. The PAY token can be used to facilitate these transactions, providing an efficient and cost-effective alternative to traditional cross-border payments.

In summary, the TenX Pay Token (PAY) has multiple use cases within the TenX ecosystem. It serves as a reward mechanism for token holders, can be used to pay for transaction fees, and allows users to participate in the governance of the platform. Additionally, the PAY token can be utilized for cross-border payments, offering a more efficient solution compared to traditional methods.

What is DIA's TenX Pay Token API?

DIA's TenX Pay Token API is one of the many API endpoints provided by DIA. These API endpoints offer real-time price feeds for various crypto assets, including the TenX Pay Token. DIA's price feeds are constructed using raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in high-quality and reliable information.

DIA offers both free and customizable API endpoints. The free endpoints are available for developers to test and can be accessed on the asset's detail page in the DIA App. These free endpoints follow a standardized format and serve as a simple way for developers to experiment and gather information.

However, the true value lies in DIA's custom API feeds. These feeds can be tailored to meet specific requirements, such as selecting sources, methodologies, and update mechanisms. Custom feeds can be requested by contacting DIA through Discord or Telegram.

The use cases for DIA's API are extensive and span across the blockchain ecosystem. In the DeFi space, the price information from DIA's APIs can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in the NFTfi sector, the API can power peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other applications.

To summarize, DIA provides a range of API endpoints, including the TenX Pay Token API, offering real-time price feeds for cryptocurrencies and NFTs. While there are free API endpoints available for testing purposes, the custom API feeds are highly valuable as they can be tailored to specific needs, making them more beneficial and useful for users in various use cases across the blockchain ecosystem.

What is DIA's TenX Pay Token price oracle?

DIA's TenX Pay Token price oracle is a smart contract that provides real-time price feeds for cryptocurrencies. DIA differentiates itself by offering custom price feed oracles that can be tailored to the specific needs of users. These custom oracles can be configured with different sources, methodologies, and update mechanisms, allowing users to have more control over the data they receive.

To request a custom price feed oracle from DIA, users can reach out to DIA via Discord or Telegram. This feature is especially useful for developers and businesses who require specific data for their applications.

DIA's price oracles are integrated with over 35 layer 1 and layer 2 networks, enabling them to deploy price oracles across multiple blockchains. They source raw data from a vast network of over 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring that their price feeds are reliable and comprehensive.

It is worth mentioning that DIA also provides demo oracles for developers to test, which can be found in their documentation. However, these demo oracles should not be used in production applications and are intended solely for testing purposes.

DIA's price oracles have a wide range of use cases in the blockchain ecosystem. They can be leveraged in various DeFi applications such as derivatives, lending and borrowing markets, collateralized stablecoins, and synthetic asset issuance. Additionally, DIA's oracles can be utilized in NFTfi applications like peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization.

In the context of blockchain technology, an oracle serves as an external information provider that supplies verified data from outside the blockchain to smart contracts. Oracles play a crucial role in enabling smart contracts to access real-world events and data.

Why use DIA's PAY API & price oracle?

DIA's PAY API and PAY Price Oracle offer a wide range of benefits for users in the blockchain ecosystem. One of the key advantages is the high level of customization available. With DIA's technology, users can tailor each oracle and API endpoint to suit the specific needs of their decentralized applications (dApps). This includes configuring the data sources that make up the price feed, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency of the feed. This ensures that the data and oracle remain robust and resilient to market conditions, providing both global and specific market prices.

In addition to customization, DIA's API and oracles provide transparency throughout the entire data journey. Users have full visibility into the data sources and processes used to calculate price points. DIA also offers tracking and monitoring tools to closely monitor the oracle and API feeds.

By leveraging DIA's technology, users gain access to accurate and reliable price data for cryptocurrencies and NFTs. This enables them to make informed decisions based on real-time market information. With the customizable nature of DIA's API and oracles, users can create tailored solutions that suit their unique requirements. Whether it's tracking global market prices or obtaining specific market data for cross-chain transactions, DIA's PAY API and PAY Price Oracle serve as valuable tools for developers and businesses 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.