CargoX Token (CXO) API and Price Oracle

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CargoX 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 CargoX Token (CXO)?

CargoX Token (CXO) is the native cryptocurrency of CargoX, a decentralized platform for document transfer and digitization in the global shipping industry. CXO is used as a means of payment and incentivization for participants on the platform. CargoX was founded in 2018 by Stefan Kukman and operates under the company name CargoX Ltd. The name CargoX is derived from "cargo" and "exchange," reflecting its mission to streamline cargo documentation processes using blockchain technology.

How does CargoX Token work?

CargoX Token is powered by blockchain technology, specifically the Ethereum blockchain. As an ERC-20 token, it utilizes the Ethereum network's smart contract functionality to facilitate secure and transparent supply chain management.

The CargoX Token serves as a utility token within the CargoX platform, which aims to streamline and digitize global shipping and logistics processes. It operates as a means of value exchange and incentivizes stakeholders to participate in the platform's ecosystem.

Upon the initiation of a transaction, CargoX Tokens are used to pay for services and access various features within the platform. These services could include document exchange, document ownership transfer, digitized bills of lading, or other logistics-related functions. By utilizing the CargoX Token, users can reduce costs, increase efficiency, and improve the overall traceability and transparency of their supply chains.

The CargoX platform leverages blockchain technology to ensure the immutability and integrity of the shared ledger. Through the use of smart contracts, transactions are automatically executed based on predefined conditions, eliminating the need for intermediaries and reducing the potential for human error or fraud.

Additionally, the decentralized nature of the Ethereum blockchain ensures that data is distributed across multiple nodes, reducing the risk of a single point of failure and enhancing the security and reliability of the system.

In summary, CargoX Token operates on the Ethereum blockchain, utilizing smart contract functionality to facilitate secure and transparent supply chain management. By enabling the exchange of value and incentivizing participation, it enables users to digitize and optimize their global shipping and logistics processes.

What are the benefits of CargoX Token?

CargoX Token offers several benefits compared to its direct competitors in the blockchain industry. These benefits contribute to its attractiveness and create unique value propositions for users.

One major benefit of CargoX Token is its efficient and secure solution for the global shipping industry. It utilizes blockchain technology to streamline and digitize the traditionally paper-intensive processes in this sector. By implementing smart contracts, CargoX Token ensures fast and transparent documentation verification, reducing administrative costs and minimizing the risk of fraud.

Another advantage of CargoX Token is its interoperability with existing systems. Unlike some of its competitors, CargoX Token seamlessly integrates with various third-party platforms and enables smooth data exchange, enhancing the efficiency of supply chain management.

CargoX Token also stands out in terms of cost-effectiveness. Compared to traditional manual processing and documentation methods, CargoX Token significantly reduces operating expenses by automating processes and eliminating intermediary fees. This makes it an appealing option for businesses looking to optimize their logistics operations and reduce overall costs.

Furthermore, CargoX Token harnesses the power of blockchain technology to ensure data immutability, transparency, and security. By leveraging decentralized ledger technology, CargoX Token mitigates the risk of fraudulent activities and enhances trust among participants in the supply chain.

In conclusion, CargoX Token offers several compelling benefits compared to its direct competitors. With its efficient, secure, and cost-effective solution for the global shipping industry, CargoX Token has the potential to revolutionize the way logistics and supply chain processes are managed.

What is CargoX Token used for?

CargoX Token is the native cryptocurrency of the CargoX platform. CargoX is a blockchain-based document transfer and management solution for the global supply chain industry. The platform utilizes smart contracts and decentralized ledger technology to facilitate secure, transparent, and efficient document transfers.

The CargoX Token, also known as CXO, plays a vital role within the CargoX ecosystem. It serves as a utility token, enabling different functionalities and benefits for users. Here are some common use cases for the CargoX Token:

1. Payment: Users can utilize CXO tokens to pay for services and access various features on the CargoX platform. This includes the creation and transfer of blockchain-based digital documents, as well as the verification and encryption of data.

2. Incentives and Rewards: CargoX may offer CXO tokens as incentives or rewards to users who actively participate in the platform. These rewards can serve as an incentive for users to engage in document transfers and contribute to the overall security and efficiency of the supply chain ecosystem.

3. Governance: The CargoX Token may also have governance features, allowing token holders to participate in decision-making processes or vote on platform upgrades, improvements, or changes.

One specific use case for the CargoX Token is related to the integration of third-party oracle services. Oracles are external information providers that supply verified data to smart contracts. CargoX can use CXO tokens to access and pay for the services of blockchain oracles, ensuring the accuracy and reliability of external data integrated into their supply chain documents.

Overall, the CargoX Token is an essential component of the CargoX platform, providing utility, incentives, and governance opportunities for users involved in global supply chain management.

What is DIA's CargoX Token API?

DIA's CargoX Token API is a part of DIA's suite of API endpoints that provide real-time price feeds for various crypto assets. These price feeds are constructed by aggregating raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring a comprehensive and accurate representation of market prices.

While DIA does offer free API endpoints for developers to test, the real value lies in their custom feeds. These custom feeds can be tailored according to specific requirements, allowing users to define their own sources, methodologies, and update mechanisms. DIA takes pride in building dedicated API price feeds to meet the unique needs of its users.

The use cases for DIA's API are extensive within the blockchain ecosystem. In the DeFi space, the price information provided by DIA's APIs can be used in derivatives trading, options and futures markets, lending and borrowing platforms, collateralized stablecoin systems, synthetic asset issuance, money markets, and much more. In the realm of NFTfi, DIA's API enables applications such as peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and fractionalization.

DIA's API follows a standardized format and is made public purely for informational purposes. Developers can easily access the free price feed API endpoints on the DIA App's asset detail page. For those seeking customized feeds, DIA offers the flexibility to create tailored solutions. To request a custom feed, users can reach out to DIA via Discord or Telegram.

Overall, DIA's CargoX Token API, along with its broader suite of API endpoints, empowers developers and users to access real-time price data in a way that aligns with their specific needs and use cases within the blockchain ecosystem.

What is DIA's CargoX Token price oracle?

DIA's CargoX Token price oracle is a smart contract that provides real-time price feeds of crypto assets. What sets DIA apart is its integration with 35+ layer 1 and layer 2 networks, enabling the deployment of price oracles in multiple blockchains. By sourcing raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, DIA constructs comprehensive price feeds that surpass other web3 data providers.

While DIA offers (free) demo oracles for developers to test, these are strictly for testing purposes and cannot be integrated into production applications. However, users can request custom configuration for a dedicated price feed oracle. DIA allows 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 potential use cases for DIA’s price oracles are vast. In the DeFi space, the price information can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi realm, these oracles can facilitate peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other applications.

To briefly explain, a blockchain oracle refers to an external information provider that supplies verified data from outside the blockchain to smart contracts. It acts as a bridge between the real world and blockchain, ensuring that accurate and trusted data can be utilized by smart contracts.

In summary, DIA's custom oracles offer flexibility and tailored options for users seeking specific price feed configurations. With their integration across various blockchains and extensive data sourcing, DIA provides a reliable solution for accessing real-time price information in the blockchain ecosystem.

Why use DIA's CXO API & price oracle?

DIA's CXO API and CXO Price Oracle offer several benefits for users in the blockchain ecosystem. The main advantage is the high level of customisation available. Users can tailor each oracle and API endpoint to their specific needs, including configuring the data sources, data cleaning filters, pricing methodologies, and update mechanisms. This ensures that the data and oracle remain robust and resilient to market conditions, providing accurate and reliable price data for cryptocurrencies and NFTs.

The customisation options also enable the provision of global market as well as specific individual or cross-chain market prices. This ensures that users have access to the most relevant and up-to-date pricing information for their specific use cases.

Transparency is another major benefit of using DIA's API and Oracle feeds. The platform provides full and granular transparency throughout the entire data journey, giving users confidence in the accuracy and reliability of the provided information. Additionally, DIA offers tracking and monitoring tools to closely monitor the oracle and API feeds.

In conclusion, DIA's CXO API and CXO Price Oracle provide users with customisable and transparent access to accurate and reliable price data for cryptocurrencies and NFTs. These features make DIA's offerings a valuable tool for developers and applications 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.