NOIA Token (NOIA) API and Price Oracle

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NOIA Token

NOIA
$
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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0xa8c8...b6ca
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 NOIA Token (NOIA)?

NOIA Token (NOIA) is the native cryptocurrency of the NOIA Network. The purpose of NOIA is to enable a decentralized internet by serving as a utility token for network participants. It was founded in 2017 by Domas Povilauskas and Jonas Simanavičius. The founding company behind NOIA is the NOIA Foundation. The name "NOIA" stands for "Network of Internet Acceleration" and aims to improve internet performance and user experience.

How does NOIA Token work?

The NOIA Token operates on the Ethereum blockchain, which is a popular blockchain platform for building decentralized applications. It supports the ERC-20 token standard, making it compatible with various wallets and exchanges.

At its core, the NOIA Token aims to revolutionize the internet routing infrastructure by leveraging blockchain technology. It enables users to buy network services from a distributed marketplace and incentivizes network operators to provide their resources. This creates a decentralized network of internet transit nodes, enhancing the efficiency and reliability of internet traffic routing.

The NOIA Token works by utilizing a blockchain oracle, which acts as a bridge between the decentralized blockchain and external data sources. This oracle ensures that real-time data about available network resources, such as bandwidth and latency, is accurately supplied to smart contracts on the blockchain. This enables the allocation and distribution of network resources based on transparent and verifiable information.

Through the NOIA Token, users can purchase network services, such as bandwidth, from holders of NOIA tokens, who are incentivized to provide their resources. Network operators, in return, can earn NOIA tokens by contributing their unused or idle network capacity to the marketplace.

Overall, the NOIA Token leverages blockchain technology to create a decentralized marketplace for internet routing services, enabling efficient and transparent allocation of network resources while incentivizing network operators to contribute their resources.

What are the benefits of NOIA Token?

NOIA Token, the native token of the NOIA Network, offers various benefits compared to its direct competitors. Firstly, NOIA Token allows for efficient and reliable content delivery. Through its decentralized routing algorithms, NOIA Network can optimize data transfers, resulting in faster and more stable content delivery for users.

Another benefit of NOIA Token is its ability to incentivize network participants. By rewarding nodes that contribute bandwidth and computing resources, NOIA Network encourages a robust network infrastructure and ensures scalability. This incentivization model sets NOIA Token apart from its direct competitors by fostering a stronger and more sustainable network.

Additionally, NOIA Token offers increased security and privacy. Through its decentralized architecture and end-to-end encryption, NOIA Network provides a highly secure environment for data transfers. Users can trust that their information remains confidential, protecting them from potential cyber threats.

Furthermore, NOIA Token enables seamless integration with existing content delivery networks (CDNs). By leveraging its technology, CDNs can enhance their performance and expand their reach. This compatibility feature gives NOIA Token an advantage over its direct competitors, as it facilitates the integration and adoption of its network by existing CDN providers.

In summary, NOIA Token provides several benefits compared to its direct competitors. These include efficient content delivery, incentivization of network participants, enhanced security and privacy, and seamless integration with CDNs. These advantages make NOIA Token a compelling option for users seeking a reliable and scalable decentralized network.

What is NOIA Token used for?

NOIA Token, also known as NOIA Coin, is the native cryptocurrency of the NOIA Network ecosystem. The NOIA Network aims to revolutionize internet infrastructure by leveraging blockchain technology and decentralized networking principles. As for the utility of the NOIA Token, it serves a few common purposes.

Firstly, NOIA Tokens can be used as a means of payment within the network. Users can utilize NOIA Tokens to pay for various services provided by the network, such as bandwidth allocation and data routing.

Secondly, NOIA Tokens play a crucial role in incentivizing network participants. Participants who contribute their resources, such as bandwidth and computing power, are rewarded with NOIA Tokens. This incentivization mechanism helps to create a robust and efficient network.

Additionally, NOIA Tokens can be staked by network participants to participate in the network's governance. By staking their tokens, users can have a say in the decision-making process of the network, such as protocol upgrades and parameter adjustments.

In terms of a specific use case, let's consider the example of content delivery networks (CDNs). CDNs are responsible for delivering website content to users quickly and reliably. By integrating the NOIA Network and utilizing NOIA Tokens, CDNs can enhance their performance by leveraging the network's decentralized infrastructure. This can lead to improved website loading speeds, reduced latency, and enhanced user experiences.

In conclusion, NOIA Tokens are used for payment, incentivization, and governance within the NOIA Network ecosystem. By integrating with various services, such as content delivery networks, the NOIA Network aims to revolutionize internet infrastructure and provide a more efficient and decentralized internet experience.

What is DIA's NOIA Token API?

DIA's NOIA Token API is one of the API endpoints provided by DIA. These API endpoints offer real-time price feeds for various crypto assets. DIA's price feeds are unique and reliable, as they are constructed by sourcing raw data from over 85 on-chain and off-chain exchanges, including cryptocurrency and NFT exchanges. This vast data collection allows DIA to deliver unparalleled information to its users.

Now, let's discuss the availability and usage of DIA's API endpoints. The good news is that DIA provides free API endpoints for developers to test. These endpoints are accessible on the asset's detail page in the DIA App. They come in a standardized format and are public for informational purposes. Developers can use these free feeds to explore and experiment.

However, the real value lies in DIA's custom API feeds. These custom feeds can be fully customized according to the user's specific requirements. DIA offers a range of options, including selecting sources, defining methodologies, and determining update mechanisms. To request a custom feed, users can reach out to DIA via Discord or Telegram. The emphasis here is on the flexibility and tailor-made nature of these custom feeds.

Now, let's briefly explain what an API is. An API, or Application Programming Interface, is a set of rules and protocols that allow different software applications to communicate and interact with each other. In this context, DIA's API provides developers with the necessary tools to access and utilize DIA's price feeds for various use cases within the blockchain ecosystem.

To sum it up, DIA's API endpoints offer both free and custom price feeds. While the free feeds serve as a starting point for developers to explore, the custom feeds provide the opportunity to fine-tune the data according to specific needs. These custom feeds can be instrumental in various DeFi applications, such as derivatives, lending markets, stablecoin collateralization, synthetic asset issuance, and more. Similarly, in the NFTfi space, DIA's API can enable functionalities like NFT lending, on-chain derivatives, fractionalization, and other innovative use cases.

What is DIA's NOIA Token price oracle?

DIA's NOIA Token price oracle is a smart contract that offers real-time price feeds for various crypto assets. DIA stands out by integrating with over 35 layer 1 and layer 2 networks, allowing for the deployment of price oracles in multiple blockchains. These price feeds are constructed from raw data obtained from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, incorporating billions of individual trades. DIA's oracles are designed to deliver what other web3 data providers cannot.

While DIA provides free demo oracles in their documentation for developers to test, these demo oracles are solely intended for testing purposes and cannot be utilized in production applications. However, DIA also offers the option of building dedicated price feed oracles tailored to specific user requirements. This customization enables users to personalize their data feeds in terms of sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA through Discord or Telegram.

DIA's price oracles have versatile use cases within the blockchain ecosystem. They can be employed in various DeFi applications such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets. Additionally, DIA's price oracles can also be utilized in NFTfi applications such as peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization.

In the realm of 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 the blockchain and the real-world data needed for smart contract execution.

Why use DIA's NOIA API & price oracle?

DIA's NOIA API and NOIA Price Oracle offer a range of benefits for users in the blockchain ecosystem. By utilizing DIA's technology, users gain access to 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 customization available. Each oracle and API endpoint can be tailored to meet the specific needs of decentralized applications. Users have control over configuration settings, such as the data sources that make up the feed, data cleaning filters, and pricing methodologies applied to calculate the price points. They can also determine the update mechanisms and frequency by which the final feed updates itself. This level of customization ensures data and oracles that are robust and adaptable to unique market conditions, providing a tailored solution for every user.

Transparency is another major benefit offered by DIA's API and Oracle feeds. Users can expect full and granular transparency throughout the entire data process. Additionally, DIA provides tracking and monitoring tools to closely monitor its oracle and API feeds.

By leveraging DIA's technology, users can access reliable price data, tailor the oracle to their needs, and enjoy transparency in the data journey. These benefits make DIA's NOIA API and NOIA Price Oracle valuable tools for individuals and businesses operating within 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.