LinkEye Token (LET) API and Price Oracle

LinkEye Token

LET
$
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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0xFA31...6288
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 LinkEye Token (LET)?

The LinkEye Token (LET) is a cryptocurrency that operates on the Ethereum platform. It was founded in 2018 by Charles Xue, a technology entrepreneur. LET aims to create a decentralized credit database by utilizing blockchain technology. The project was launched by the founding company LinkEye Network Technology Co., Ltd., with the goal of providing transparent and trustworthy credit information.

How does LinkEye Token work?

The LinkEye Token (LET) operates on the Ethereum blockchain, leveraging its smart contract functionality. LET serves as the utility token within the LinkEye ecosystem, which aims to address trust and transparency issues in the financial industry.

Underlying Technology:
LinkEye utilizes blockchain technology to establish a decentralized system for verifying and sharing users' credit data. It stores and encrypts credit information on the Ethereum blockchain, ensuring data integrity and privacy. This empowers individuals and organizations to securely access and share credit information without intermediaries.

Functioning:
The LinkEye platform enables users to create digital identities and store their credit records securely on the blockchain. This creates a transparent credit history that can be accessed and utilized by various financial institutions. LinkEye incorporates a consensus mechanism to validate and verify credit information, ensuring that it is accurate and reliable.

To access the LinkEye ecosystem and benefit from its services, users need to acquire and hold LET tokens. These tokens serve as the transaction medium within the platform, facilitating the exchange of credit information between parties. Users can also stake LET tokens to participate in the consensus process and earn rewards for maintaining the integrity of the system.

Overall, LinkEye Token functions as the key to accessing the LinkEye platform and its credit data services. By leveraging blockchain technology, LinkEye aims to streamline and secure the credit verification process, ultimately enhancing financial transparency and trust.

What are the benefits of LinkEye Token?

LinkEye Token, also known as LET, offers several benefits that distinguish it from its direct competitors. One of the key advantages of LET is its focus on addressing challenges in the credit reporting and risk management sectors. The LinkEye platform leverages blockchain technology to provide a secure and transparent infrastructure for credit-related data.

Compared to its competitors, such as Bloom and Cred, LET stands out for its ability to offer reliable and accurate credit information. Through partnerships with various financial institutions and credit reporting agencies, LinkEye Token aims to create a comprehensive database of credit data that is accessible to its users.

Another benefit of LET is its emphasis on user privacy and data security. The LinkEye platform ensures that users have control over their personal information and can choose to share it securely with authorized entities. By utilizing blockchain technology, LET enhances data integrity and reduces the risk of unauthorized access or manipulation.

Furthermore, LET incorporates a decentralized governance model, allowing token holders to participate in decision-making processes and shape the future development of the platform. This aspect of LET promotes transparency and community involvement, differentiating it from its competitors.

In summary, LinkEye Token offers distinct advantages compared to its direct competitors in the credit reporting and risk management sectors. Its focus on reliable credit data, emphasis on user privacy and data security, and decentralized governance model make it an appealing choice for individuals and institutions seeking efficient and trustworthy credit information solutions.

What is LinkEye Token used for?

The LinkEye Token, also known as LET, is used as the native cryptocurrency within the LinkEye ecosystem. LinkEye is a blockchain-based credit alliance platform that aims to provide a transparent, secure, and efficient credit information sharing system.

There are several common use cases for the LinkEye Token. Firstly, it can be used as a medium of exchange within the platform. Users can use LET to pay for various services and transactions on the LinkEye network. This helps to facilitate a seamless and frictionless user experience.

Another common use case for LET is to incentivize participation and engagement within the LinkEye ecosystem. Users can earn LET tokens by contributing their credit data, verifying information, or participating in the platform's governance mechanisms. This incentivization model encourages users to actively participate in the ecosystem and help maintain its integrity.

One specific case where the LinkEye Token is used is in the provision of credit data services. The LinkEye platform leverages blockchain technology and smart contracts to create a secure and transparent credit information sharing system. LET is used to access and acquire credit data from various sources within the ecosystem, such as financial institutions or credit agencies. The token serves as a means of payment for accessing and utilizing these verified credit data services.

In conclusion, the LinkEye Token (LET) is primarily used as a native cryptocurrency within the LinkEye ecosystem. It facilitates transactions, incentivizes participation, and enables access to credit data services.

What is DIA's LinkEye Token API?

DIA's LinkEye Token API is one of the API endpoints provided by DIA that offers real-time price feeds for crypto assets. DIA's price feeds are constructed by sourcing raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in a comprehensive and accurate data source.

While DIA offers free API endpoints for developers to test, they also provide fully customizable custom feeds. The free price feed API endpoint for any specific asset can be found on the asset's detail page in the DIA App. These free API endpoints are standardized and made public for informational purposes, allowing developers to easily test and evaluate the data.

However, the real value lies in DIA's custom feeds. When users require a custom configuration for a feed, DIA builds a dedicated API price feed tailored to their specific needs. Custom API data feeds can be customized in terms of sources, methodologies, update mechanisms, and more. To request a custom feed, users can contact DIA via Discord or Telegram.

DIA's API endpoints have various use cases within the blockchain ecosystem. In the decentralized finance (DeFi) space, the price information from DIA's APIs can be utilized in applications such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in the emerging NFTfi sector, DIA's API 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 LinkEye Token API, along with their other API endpoints, provides real-time price feeds for crypto assets. While they offer free API endpoints for testing, the custom feeds offered by DIA are more beneficial and useful for users, as they can be tailored to specific needs and requirements. These API endpoints find applications in both DeFi and NFTfi sectors, enabling various innovative use cases.

What is DIA's LinkEye Token price oracle?

DIA's LinkEye Token price oracle is a smart contract that provides real-time price feeds of cryptocurrencies. DIA has integration with over 35 layer 1 and layer 2 networks, allowing them to deploy price oracles in various blockchains. These price feeds are constructed using raw data sourced from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, encompassing billions of individual trades. This comprehensive approach sets DIA apart from other web3 data providers.

While DIA offers demo oracles for developers to test, these are strictly for testing purposes and cannot be integrated into production applications. However, DIA also offers the option to create custom price feed oracles. These custom feeds can be tailored to specific requirements, including sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.

DIA's price oracles have a wide range of use cases within the blockchain ecosystem. In the DeFi space, the price information from DIA's oracles can be utilized in derivatives, options and futures markets, lending and borrowing platforms, collateralized stablecoin systems, synthetic asset issuance, money markets, and more. In the NFTfi sector, DIA's oracles can be applied to peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other innovative applications.

In blockchain technology, an oracle refers to an external information provider that supplies verified data from outside the blockchain to smart contracts. Oracles play a crucial role in bridging the gap between decentralized applications and real-world data, enabling smart contracts to access and utilize off-chain information in a trustless manner.

Overall, DIA's custom oracles offer users the flexibility and customization needed for various applications within the blockchain ecosystem, providing reliable and real-time price feeds for cryptocurrencies and NFTs.

Why use DIA's LET API & price oracle?

DIA's LET API and LET Price Oracle offer numerous benefits to users within the blockchain ecosystem, particularly when it comes to accessing price data for cryptocurrencies and NFTs. One significant advantage is the high level of customisation available with DIA's technology. Users can tailor each oracle and API endpoint to meet the specific requirements of decentralised applications. This customisation includes configuring the data sources within the feed, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency for the feed. By offering this level of customisation, DIA ensures that the data and oracle remain robust and resilient, adapting to unique market conditions and providing global as well as individual or cross-chain market prices.

Furthermore, DIA's API and oracles provide transparent access throughout the entire data journey. Users can have full visibility into the data sources, cleaning filters, pricing methodologies, and update mechanisms used by DIA. This transparency instills trust and confidence in the accuracy and reliability of the provided data.

In addition to transparency, DIA offers various tracking and monitoring tools to allow users to closely monitor the performance and reliability of the oracle and API feeds. These tools help users track the accuracy and consistency of the price data, ensuring that they have access to the most up-to-date and reliable information.

Overall, DIA's LET API and LET Price Oracle offer customisation, transparency, and monitoring capabilities, providing users with a robust and tailored solution for accessing accurate and reliable price data 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.