GateChainToken (GT) API and Price Oracle

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GateChainToken

GT
$
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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0xE667...4759
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 GateChainToken (GT)?

GateChainToken (GT) is a native utility token of the GateChain network. It was launched in 2019 by the founding company, Gate.io. GT serves multiple purposes within the GateChain ecosystem, including transaction fees and network governance. The token is named after the GateChain network and is used to facilitate secure transactions and provide access to various features of the platform. GT has gained popularity as a means for users to participate in the GateChain community and enjoy the benefits of the network.

How does GateChainToken work?

GateChainToken (GT) is a cryptocurrency token that operates on the GateChain blockchain network. The GateChain blockchain is designed to provide enhanced security and flexibility for digital assets. It utilizes a combination of key features to ensure the integrity and privacy of transactions.

At its core, GateChain utilizes a centralized exchange (CEX)-like trading model combined with decentralized public blockchain features. This hybrid approach aims to address some of the limitations and challenges faced by traditional centralized exchanges and fully decentralized blockchain networks.

GateChainToken leverages a delegated proof-of-stake (DPoS) consensus mechanism, in which token holders participate in the network's decision-making process. DPoS allows for efficient block creation and confirmation, enhancing the network's scalability and transaction speed.

To ensure the security and integrity of transactions, GateChain introduces a unique vault account model. This model requires users to define a withdrawal waiting period and designate a secondary address before any assets can be transferred. This feature adds an extra layer of protection, minimizing the risk of unauthorized or accidental transfers.

Maintaining the privacy of user transactions is another focus of GateChain. By utilizing advanced cryptographic techniques, GateChain ensures that transaction details remain confidential, protecting the financial privacy of its users.

In summary, GateChainToken operates on the GateChain blockchain, employing a hybrid model that combines the benefits of centralized exchanges with the security and decentralized nature of blockchain technology. With its DPoS consensus mechanism, vault account model, and focus on transaction privacy, GateChain aims to provide a secure and efficient platform for digital asset transactions.

What are the benefits of GateChainToken?

GateChainToken (GT), the native token of the GateChain blockchain, offers several benefits compared to its direct competitors. One of the key advantages of GT is its security features. GateChain implements a unique on-chain and off-chain security model, which provides a higher level of protection against attacks compared to some other blockchain networks.

Another notable benefit of GT is its interoperability. GateChain is designed to be compatible with other blockchain platforms, enabling smooth asset transfers and cross-chain interactions. This interoperability feature allows GT holders to access a wider range of decentralized applications and services.

Furthermore, GateChainToken prioritizes user privacy. The network employs advanced cryptographic techniques to ensure that sensitive information remains confidential. This emphasis on privacy sets GT apart from certain competitors that may have weaker privacy protocols.

GateChainToken also offers a fast and efficient transaction processing time. The network implements a high-performance consensus mechanism, enabling quick validation and finality of transactions. This speed advantage positions GT favorably against its direct rivals.

Finally, GateChainToken benefits from the vibrant GateChain ecosystem, which provides various opportunities for token holders. The ecosystem consists of diverse applications and services, such as decentralized finance (DeFi) platforms and non-fungible token (NFT) marketplaces. These opportunities can contribute to the overall value and utility of GT.

To summarize, GateChainToken brings strong security, interoperability, privacy, transaction speed, and an active ecosystem to the table. These benefits make GT a compelling choice for users seeking a robust blockchain token.

What is GateChainToken used for?

GateChainToken (GT) is the native cryptocurrency of the GateChain blockchain network. It serves various purposes within the ecosystem. Here are some common use cases for GateChainToken:

1. Network Fees: GT can be used to pay for transaction fees on the GateChain platform. Users can utilize GT to transfer funds, execute smart contracts, and interact with decentralized applications (DApps) on the network.

2. Governance Rights: Holders of GT may have voting rights to participate in the governance of the GateChain network. This allows token holders to influence decisions related to protocol upgrades, parameter changes, and other important matters within the ecosystem.

3. Staking and Reward Distribution: GT can be staked in order to secure the GateChain network and validate transactions. In return for their participation, stakers are rewarded with additional GT tokens. This incentivizes network security and participation.

4. Utility within DApps: Developers can integrate GT into their decentralized applications built on the GateChain network. This enables users to utilize GT for various activities such as in-app purchases, accessing premium features, or participating in tokenized economies within these DApps.

Elaborating on a specific case, GateChainToken can be used within a decentralized exchange (DEX) built on the GateChain network. Users can trade different cryptocurrencies using GT as the base currency. This not only facilitates seamless transactions but also ensures the liquidity of GT within the GateChain ecosystem.

Overall, GateChainToken serves as a fundamental element for facilitating transactions, participating in network governance, and incentivizing network security on the GateChain blockchain.

What is DIA's GateChainToken API?

DIA's GateChainToken API is a powerful tool that provides real-time price feeds for various crypto assets. These feeds are constructed using raw data collected from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring accuracy and reliability. DIA shines in the web3 data provider realm by delivering what others cannot.

Now, let's focus on the availability of DIA's API endpoints. Developers can access free API endpoints to test DIA's capabilities. These endpoints are standardized and publicly accessible for informational purposes. However, DIA also offers fully customizable and custom feeds. This is where the true value lies.

Custom API data feeds can be tailored to meet specific requirements. This includes selecting preferred sources, methodologies, update mechanisms, and more. For users in need of a custom configuration, DIA builds dedicated API price feeds. To request such a custom feed, users can reach out to DIA through Discord or Telegram.

The use cases for DIA's API are vast within the blockchain ecosystem. For example, 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. Similarly, in the NFTfi realm, DIA's API can enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other exciting possibilities.

In summary, while DIA provides free API endpoints for testing, the true power of DIA's offerings lies in the customizable, custom feeds they offer. These feeds allow users to tailor their data sources and methodologies, ensuring the most accurate and relevant price information for their specific needs. DIA's API serves as a valuable tool for developers and participants in the blockchain ecosystem, empowering them to explore innovative applications and leverage the potential of decentralized finance and NFTfi markets.

What is DIA's GateChainToken price oracle?

DIA's GateChainToken price oracle is a smart contract that provides real-time price feeds for a wide range of crypto assets. DIA stands out by offering integration with over 35 layer 1 and layer 2 networks, allowing the deployment of their price oracles across multiple blockchains. These price feeds are built using raw data sourced from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in accurate and reliable information.

While DIA does offer free demo oracles for developers to test, these are strictly for testing purposes and cannot be integrated into production applications. However, DIA provides a solution for users who require custom configurations for their data feeds. By reaching out to DIA via Discord or Telegram, users can request dedicated price feed oracles tailored to their specific needs. These custom oracles can be personalized in terms of sources, methodologies, update mechanisms, and more.

DIA's custom oracles are especially valuable as they offer a versatile solution that can be utilized in various ways within the blockchain ecosystem. In the DeFi space, price information from DIA's oracles can be applied to derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi sector, DIA's oracles enable applications such as peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization.

To summarize, DIA's GateChainToken price oracle is a powerful tool that provides real-time price feeds for crypto assets across different blockchains. Their custom oracles offer users the flexibility to tailor their data feeds according to their specific requirements. This ensures accurate and reliable information for various use cases within the blockchain ecosystem.

Why use DIA's GT API & price oracle?

DIA's GT API and GT Price Oracle offer numerous benefits for users in the blockchain ecosystem. These tools provide accurate and reliable price data for cryptocurrencies and NFTs, which is crucial for making informed decisions and conducting transactions.

One major advantage of using DIA's API and Price Oracle is the high level of customization available. Users can tailor each oracle and API endpoint to meet the specific needs of their decentralized applications. This includes configuring data sources, applying data cleaning filters and pricing methodologies, and determining the frequency of updates. This customizability ensures that the data and oracle remain robust and resilient, even in unique market conditions. Users can access a global market perspective as well as specific individual or cross-chain market prices through these tailored solutions.

Transparency is another key benefit provided by DIA's API and Oracle feeds. Users can gain full visibility into the entire data journey, ensuring trust and confidence in the information they receive. Additionally, DIA offers tracking and monitoring tools that enable users to closely monitor the performance of their oracle and API feeds.

Overall, DIA's GT API and GT Price Oracle offer users in the blockchain space access to accurate and customizable price data, along with transparency and monitoring capabilities. These tools enable users to make informed decisions and confidently participate in the blockchain ecosystem.

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.