DockToken (DOCK) API and Price Oracle

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DockToken

DOCK
$
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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0xE5Da...f71C
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 DockToken (DOCK)?

DockToken (DOCK) is a native cryptocurrency of the Dock network. It is used to facilitate transactions and interactions within the platform. Dock aims to revolutionize the digital credentials industry by enabling individuals to securely manage and share their credentials, such as educational certificates and work experiences, using blockchain technology. The project was founded in 2017 by Nick Lambert and the team at Dock Technologies Ltd. The name "Dock" represents the idea of securely docking and managing personal data on the blockchain.

How does DockToken work?

DockToken is a cryptocurrency built on the Ethereum blockchain, utilizing its smart contract functionality to power its operations. As a blockchain-based token, DockToken leverages decentralized technology to enable secure and transparent transactions.

At its core, the Ethereum blockchain provides the foundation for DockToken's functionality. Ethereum is a decentralized platform that allows developers to build and deploy smart contracts. These smart contracts are self-executing agreements that facilitate and automate the negotiation and enforcement of transactions.

DockToken is based on the ERC-20 standard, which ensures compatibility and interoperability with other tokens on the Ethereum network. This standard defines a set of rules and functionalities that tokens must adhere to in order to be considered ERC-20 compliant. By conforming to this standard, DockToken is able to interact seamlessly with other Ethereum-based digital assets.

DockToken's functioning revolves around its utility within the Dock ecosystem. It serves as a means of value transfer and incentivization within the platform, enabling users to participate in various activities such as staking, voting, and accessing premium features. Additionally, DockToken can be used for purchasing goods and services within the ecosystem.

The underlying blockchain technology ensures the security and immutability of transactions involving DockToken. By leveraging the decentralized nature of the blockchain, DockToken eliminates the need for intermediaries or third parties, making transactions more efficient and cost-effective.

In summary, DockToken operates on the Ethereum blockchain, utilizing smart contracts and the ERC-20 standard to enable secure and transparent transactions within the Dock ecosystem.

What are the benefits of DockToken?

DockToken (DOCK) offers several benefits compared to its direct competitors in the blockchain space. One of the primary advantages of DockToken is its focus on providing secure and decentralized data exchange solutions. This sets it apart from its competitors, such as Chainlink and Band Protocol, which also offer oracle services but may rely on centralized sources of data.

By utilizing DockToken, users can access a network that prioritizes data integrity, transparency, and decentralization. DockToken leverages blockchain technology to ensure that the information obtained from external sources is reliable, verified, and tamper-proof. This is crucial for smart contracts and dApps that require accurate and secure data inputs.

Another benefit of DockToken is its flexibility and interoperability. It supports a wide range of blockchains and can connect with various data sources, including APIs, IoT devices, and other on-chain and off-chain data providers. This versatility allows users to access data from different ecosystems and ensures compatibility across multiple platforms.

DockToken also provides cost-effective solutions by allowing users to pay for data oracles using its native token. This reduces transaction costs and enables seamless integration with other blockchain applications.

In summary, DockToken offers distinct benefits compared to its direct competitors. Its focus on secure and decentralized data exchange, interoperability, and cost-effectiveness sets it apart in the blockchain oracle space.

What is DockToken used for?

DockToken is a cryptocurrency token that serves multiple purposes within the Dock ecosystem. It has various use cases, which can be broadly categorized into utility and governance functions.

As a utility token, DockToken can be used to pay for services within the Dock platform. Users can utilize it to access and utilize various features, such as creating and verifying digital credentials, managing identity-related data, and participating in the Dock marketplace. This enables seamless and secure identity verification processes while maintaining user privacy.

In terms of governance, DockToken holders can participate in decision-making processes through voting on platform upgrades, changes, and proposals. This gives token holders a say in the future development and direction of the Dock ecosystem. Governance mechanisms like voting ensure that the platform evolves based on the consensus of its community.

One specific case where DockToken can be applied is in the employment and recruitment sector. The use of DockToken allows job seekers to have more control over their digital credentials, such as educational certificates, work experience, and professional certifications. By utilizing DockToken, individuals can create tamper-proof and secure digital proofs of their qualifications, which can be easily verified by potential employers or other relevant parties. This not only simplifies the verification process but also ensures the integrity and authenticity of the information being shared, reducing the risk of fraud and misrepresentation.

Overall, DockToken plays a vital role in facilitating secure identity management and enabling decentralized decision-making within the Dock ecosystem. Its utility and governance features contribute to creating a more transparent and efficient digital identity infrastructure.

What is DIA's DockToken API?

DIA's DockToken API is a powerful tool that provides real-time price feeds for various crypto assets. These price feeds are constructed using raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring accuracy and reliability. Unlike other web3 data providers, DIA's API endpoints offer unique features that set them apart.

While DIA does provide free API endpoints for developers to test and access basic price feed information, the true value lies in the custom feeds they offer. These custom feeds can be tailored according to the user's specific needs, allowing for customization in terms of sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.

The use cases for DIA's API are extensive and can benefit various sectors within the blockchain ecosystem. In the DeFi space, the price information from DIA's APIs can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, NFTfi applications can also leverage DIA's API for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and beyond.

DIA's DockToken API provides developers with a standardized and reliable source of price data, empowering them to create innovative decentralized applications. By offering both free and custom feeds, DIA ensures that users have access to the necessary tools to meet their specific requirements.

What is DIA's DockToken price oracle?

DIA's DockToken price oracle is a smart contract that provides real-time price feeds for various crypto assets. Integrated with 35+ layer 1 and layer 2 networks, DIA can deploy price oracles across multiple blockchains, offering a broader scope of coverage. The price feeds are constructed by aggregating raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring accuracy and reliability.

While DIA offers demo oracles for developers to test, these are only for testing purposes and cannot be used in production applications. However, users can request custom configuration for a dedicated price feed oracle to suit their specific requirements. Custom price oracle data feeds can be tailored 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 custom oracles provide users with greater flexibility and enable them to utilize the price information in various blockchain-based applications. The use cases span across the blockchain ecosystem, including DeFi applications such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets. Additionally, NFTfi applications like peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization can benefit from DIA's price oracles.

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. Oracles are crucial for integrating real-world data into blockchain applications, enabling smart contracts to interact with and respond to real-time information. DIA's price oracles play a vital role in connecting decentralized applications with accurate and reliable price feeds for cryptocurrencies and NFTs.

Why use DIA's DOCK API & price oracle?

DIA's DOCK API and DOCK Price Oracle offer a range of benefits for users in the blockchain ecosystem. One key advantage is the high level of customization available. 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 of the feed. This customization ensures robustness and resilience to unique market conditions, providing a tailored solution for every user.

In addition to customization, DIA's API and oracles provide transparency throughout the entire data journey. Users have full visibility into the data sources, cleaning filters, pricing methodologies, and update mechanisms. This level of transparency allows users to have confidence in the accuracy and reliability of the price data.

Furthermore, DIA offers various tracking and monitoring tools to closely monitor the oracle and API feeds. This helps users stay informed about any potential changes or issues with the data. By leveraging DIA's technology, users can access accurate and reliable price data for cryptocurrencies and NFTs, ensuring they have the necessary information to make informed decisions in the blockchain ecosystem.

Overall, the benefit of using DIA's DOCK API and DOCK Price Oracle lies in their customization options, transparency, and tracking tools. These features provide users with the flexibility, reliability, and confidence they need when accessing price data for cryptocurrencies and NFTs.

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.