Gems Token (GEM) API and Price Oracle

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Gems Token

GEM
$
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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0xc7Bb...201f
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 Gems Token (GEM)?

Gems Token (GEM) is a cryptocurrency designed to incentivize, reward, and empower users in the decentralized social economy. It aims to provide a fairer and more accessible content sharing platform, where creators can monetize their work and consumers can engage and support their favorite content. The token was founded by the Gems Company in 2018, with the objective of disrupting the traditional social media landscape. Gems Token operates on the Ethereum blockchain and utilizes smart contracts to execute transactions and enforce rules within its ecosystem.

How does Gems Token work?

Gems Token operates on the Ethereum blockchain, making use of the decentralized and secure nature of this network. As an ERC-20 token, Gems Token adheres to a set of predefined standards for creating and interacting with tokens on the Ethereum network.

The underlying technology behind Gems Token involves smart contracts. Smart contracts are self-executing agreements written in code that automatically execute certain actions when predetermined conditions are met. These contracts enable the issuance, transfer, and management of Gems Tokens.

The Gems Token ecosystem operates on the principle of a decentralized marketplace for digital assets. Users can trade Gems Tokens for various goods and services within this ecosystem. Additionally, Gems Token holders may be entitled to certain privileges or rewards within the ecosystem, depending on the specific features and functionalities implemented.

The Gems Token's functioning relies on the blockchain's immutable and transparent nature, ensuring trust and security in transactions. Each transaction involving Gems Tokens is recorded on the Ethereum blockchain, allowing for easy verification and auditing. To interact with Gems Token and execute transactions, users typically utilize cryptocurrency wallets compatible with the Ethereum network.

It's worth noting that Gems Token may have additional features or functionalities depending on the specific implementation or project it represents. The information provided here is a general overview of how Gems Token operates and the technology behind it.

What are the benefits of Gems Token?

Gems Token offers several benefits compared to its direct competitors. One of the key advantages of Gems Token is its focus on transparency. Unlike some of its competitors, Gems Token embraces the principles of decentralization and aims to provide users with a high level of visibility and accountability. This transparency ensures that users can trust the token and have confidence in its operations.

Another significant benefit of Gems Token is its strong community support. The project has garnered a loyal following of enthusiasts who actively engage in shaping its future. This community involvement fosters a sense of ownership and can have a positive impact on the token's long-term success.

Furthermore, Gems Token distinguishes itself by offering unique features and use cases that set it apart from its rivals. These features may include enhanced security measures, improved scalability, or innovative functionalities that cater to specific needs within the crypto ecosystem. By offering something different from its competitors, Gems Token can attract users who are looking for distinct solutions.

It is worth noting that the specific competitors in Gems Token's market may vary depending on the purpose and scope of the token. Each competitor may have its own set of benefits and drawbacks, and it is essential for potential users to conduct thorough research to identify the best fit for their needs.

Overall, Gems Token stands out among its competitors due to its commitment to transparency, strong community support, and unique features. These factors contribute to its appeal and may make it a preferred choice for users in the blockchain ecosystem.

What is Gems Token used for?

Gems Token is a cryptocurrency that has utility within a particular system or ecosystem. Its primary purpose is to facilitate various transactions and activities within that ecosystem. While the specific use cases of Gems Token can vary depending on the project or platform it is associated with, I will outline some common cases.

One common use case for Gems Token is within a decentralized marketplace or platform. Users can utilize Gems Token to buy and sell goods and services, creating a peer-to-peer economy. This enables trustless and secure transactions, as the blockchain technology ensures transparency and immutability.

Another common use case is for governance purposes. Gems Token holders can participate in voting and decision-making processes related to the project or platform. This allows for a decentralized and community-driven governance model, where the token holders have a say in the direction and development of the ecosystem.

Additionally, Gems Token can be used for incentivization and rewards. Projects may incentivize users to perform certain actions such as contributing content, completing tasks, or participating in activities by rewarding them with Gems Token. This helps foster engagement and loyalty within the community.

A specific case where Gems Token is used is in a decentralized gaming platform. Users can earn Gems Token by achieving in-game milestones, winning competitions, or trading virtual assets. These tokens can then be used to purchase in-game items, unlock additional features, or even convert them into other cryptocurrencies or traditional fiat currencies.

Overall, Gems Token serves as a medium of exchange, a governance tool, and an incentive mechanism within its respective ecosystem. Its specific use cases can vary, but it generally enables frictionless transactions and community involvement.

What is DIA's Gems Token API?

DIA's Gems Token API is part of DIA's comprehensive API offering that provides real-time price feeds for various crypto assets. These price feeds are generated using raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in a reliable and accurate data source.

To cater to different needs, DIA offers both free API endpoints and customizable, custom feeds. The free API endpoints are readily available for developers to test and provide standardized data in a user-friendly format. They can be accessed directly from the DIA App on the asset's detail page. These free endpoints are useful for informational purposes and initial testing.

However, the real value lies in DIA's custom API data feeds. These customized feeds allow users to tailor the data sources, methodologies, update mechanisms, and more according to their specific requirements. DIA builds dedicated API price feeds for users who require a custom configuration. This personalized approach ensures that users can obtain the most relevant and targeted data for their applications.

The use cases for DIA's API are extensive and encompass various applications within the blockchain ecosystem. In the realm of DeFi, the price information from DIA's API can be leveraged in derivatives, options, futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and much more. For NFTfi applications, DIA's API can support peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and many other use cases.

DIA's Gems Token API, along with their other API endpoints, offers developers and users a versatile and powerful tool to access real-time price data. With the option to create custom feeds, users can fine-tune the data they receive, ensuring its relevance and usefulness for their specific needs. To request a custom feed, users can reach out to DIA via Discord or Telegram.

What is DIA's Gems Token price oracle?

DIA's Gems Token price oracle is a smart contract that provides real-time price feeds for cryptocurrencies. The DIA price oracle is not limited to a single blockchain; it is integrated with over 35 layer 1 and layer 2 networks, allowing it to deploy price oracles in multiple blockchains. DIA's price feeds are constructed using raw data sourced from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring accurate and reliable information.

While DIA provides free demo oracles for developers to test, these are only intended for testing purposes and cannot be integrated into production applications. However, DIA offers the option to build dedicated custom price feed oracles that can be tailored to specific requirements. These custom oracles can be customized 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 are particularly valuable as they offer users greater flexibility and control over the price data they receive. This enables developers to create a variety of use cases within the blockchain ecosystem. Some potential DeFi applications include derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets. Additionally, for NFTfi applications, DIA's price oracles can be utilized for peer to pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

In the context of blockchain technology, a blockchain oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts. Oracles play a crucial role in connecting decentralized applications with real-world information, making them an essential component for various blockchain use cases.

Why use DIA's GEM API & price oracle?

DIA's GEM API and GEM Price Oracle offer significant benefits to users in the blockchain ecosystem. These tools provide access to accurate and reliable price data for cryptocurrencies and NFTs, allowing users to make informed decisions.

One key advantage of using DIA's API and Price Oracle is the high level of customizability they offer. Users have the flexibility to tailor each oracle and API endpoint to meet the specific needs of their decentralized applications. They can customize settings such as the data sources used in the price feed, the data cleaning filters, pricing methodologies, and update mechanisms. This customization ensures that the data and oracle remain robust and resilient to market conditions, providing both global market prices and specific individual or cross-chain market prices.

Transparency is another major benefit provided by DIA's API and Oracle feeds. The platform offers full and granular transparency throughout the entire data journey, ensuring that users have complete visibility into the data sources and processes involved. DIA also provides tracking and monitoring tools to closely observe the performance of their oracle and API feeds.

In summary, DIA's GEM API and GEM Price Oracle provide accurate price data for cryptocurrencies and NFTs, with customizable settings to meet the specific needs of decentralized applications. By offering transparency and monitoring tools, DIA ensures that users have access to reliable and trustworthy data for their blockchain projects.

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.