Phoenix Token@WAN (PHX) API and Price Oracle

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Phoenix Token@WAN

PHX
$
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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0xF17c...07bd
Network
Blockchain network where the asset is deployed
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Wanchain
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 Phoenix Token@WAN (PHX)?

Phoenix Token@WAN (PHX) is a cryptocurrency built on the Wanchain blockchain. It was created to facilitate cross-chain interoperability and decentralized finance (DeFi) solutions. PHX aims to enable seamless transfers and smart contracts across different blockchain networks. The founder and founding company of PHX are currently unknown. PHX was launched in 2018 and takes its name from the mythical phoenix, symbolizing renewal and rebirth.

How does Phoenix Token@WAN work?

The Phoenix Token@WAN operates on the Wanchain blockchain, a decentralized platform that facilitates interoperability between different blockchains. Wanchain utilizes a unique technology called 'cross-chain bridges' to connect various blockchain networks, enabling the transfer of assets across them.

The Phoenix Token@WAN operates as an ERC-20 token on the Ethereum network and is represented as wPT. These tokens are locked in a smart contract on Ethereum and a corresponding amount is minted on the Wanchain blockchain, enabling them to be used within the Wanchain ecosystem.

The Wanchain platform utilizes a consensus mechanism called 'proof of stake' (PoS), where token holders can stake their tokens to secure the network and validate transactions. Token holders who participate in staking also earn rewards for their contribution.

The Phoenix Token@WAN functions as a utility token within the Wanchain ecosystem. It can be used for various purposes including payment for transaction fees, participating in decentralized applications (dApps) or accessing specific features and services within the network.

Additionally, Wanchain provides a suite of tools and APIs for developers to build decentralized applications and deploy smart contracts on their blockchain. This allows for the creation of innovative applications that leverage the interoperability and security features of the Wanchain network.

Overall, the Phoenix Token@WAN operates on the Wanchain blockchain using cross-chain bridges technology, allowing for seamless asset transfer between different blockchain networks. Its functioning is supported by the PoS consensus mechanism and it serves as a utility token within the Wanchain ecosystem, enabling various interactions and services within the network.

What are the benefits of Phoenix Token@WAN?

Phoenix Token@WAN offers several benefits compared to its direct competitors.

One of the key advantages is its use of the Wanchain blockchain platform. Wanchain is a highly interoperable blockchain that allows for seamless integration with other blockchains, enabling cross-chain transactions and communication. This means that Phoenix Token@WAN can tap into a larger network of users and assets, increasing its overall utility and potential value.

Another benefit is the emphasis on privacy and security. Phoenix Token@WAN leverages Wanchain's privacy protection technology to ensure that user data and transactions are kept confidential. This is particularly important in the world of decentralized finance (DeFi), where privacy and security are paramount.

In addition, Phoenix Token@WAN offers fast and inexpensive transactions. The Wanchain network has a high throughput capacity, allowing for quick confirmation times and scalability. Moreover, the transaction fees are kept low, making Phoenix Token@WAN an attractive option for users seeking cost-effective solutions.

Compared to its direct competitors, Phoenix Token@WAN stands out for its unique combination of interoperability, privacy, and efficiency. Its use of the Wanchain platform provides a competitive edge, as it can connect with multiple blockchain networks seamlessly. The focus on privacy and security further enhances its appeal, ensuring that user data and transactions are protected. Finally, the fast and low-cost transactions offered by Phoenix Token@WAN make it a compelling option for users looking for a reliable and cost-effective blockchain solution.

What is Phoenix Token@WAN used for?

Phoenix Token (PHX) is a cryptocurrency token that operates on the Wanchain blockchain network. PHX serves various purposes, including enabling transactions, participating in decentralized applications (dApps), and facilitating governance within the Wanchain ecosystem.

One common use case for Phoenix Token is as a medium of exchange. It can be used to complete transactions between individuals or businesses on the Wanchain network. By using PHX, users can securely transfer value across the blockchain, benefiting from the advantages of decentralization, immutability, and transparency.

In addition to being a currency, Phoenix Token can also be utilized within decentralized applications on the Wanchain platform. These applications, built on smart contracts, allow for the creation and execution of programmable functions without intermediaries. PHX can be used as a utility token within these dApps, granting access to specific features, services, or content.

Furthermore, PHX holders can participate in the governance of the Wanchain network. Governance involves making decisions on protocol upgrades, improvements, and changes to the network through voting mechanisms. By holding and staking PHX tokens, participants can have a say in shaping the future direction of Wanchain.

An example of a specific use case for Phoenix Token@WAN is its application in decentralized finance (DeFi). Within the Wanchain ecosystem, PHX can be used to access lending and borrowing platforms, yield farming protocols, or liquidity pools. Users can provide liquidity or stake PHX tokens to earn rewards or fees, while also contributing to the overall liquidity and stability of the DeFi ecosystem on Wanchain.

Overall, Phoenix Token@WAN serves as a versatile cryptocurrency within the Wanchain ecosystem, enabling transactions, powering dApps, and playing a role in governance. Its integration into various use cases demonstrates its potential to add value and utility within the blockchain industry.

What is DIA's Phoenix Token@WAN API?

DIA's Phoenix Token@WAN API is one of the API endpoints provided by DIA to access real-time price feeds of crypto assets. These price feeds are constructed using raw data sourced from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in a comprehensive and accurate representation of market prices.

DIA offers free API endpoints for developers to test and explore. These endpoints can be found on the asset's detail page in the DIA App. They are provided in a standardized format and serve informational purposes. However, the true power of DIA's API lies in its customizability.

DIA offers fully customizable, custom data feeds tailored to individual user requirements. Custom feeds can be configured based on specific sources, methodologies, update mechanisms, and more. This allows developers to access the most relevant and specific data for their applications. To request a custom feed, users can reach out to DIA via Discord or Telegram.

The use cases for DIA's API are vast and span across the blockchain ecosystem. In the DeFi space, the price information from DIA's APIs can be utilized in derivative markets, options and futures trading, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. For NFTfi applications, DIA's API enables peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and various other possibilities.

In conclusion, DIA's Phoenix Token@WAN API provides developers with access to real-time price feeds of crypto assets. While free API endpoints are available for testing, the true value lies in DIA's custom data feeds that can be tailored to meet specific needs. These custom feeds offer a wide range of use cases in the DeFi and NFTfi realms, allowing developers to build innovative and tailored applications.

What is DIA's Phoenix Token@WAN price oracle?

DIA's Phoenix Token@WAN price oracle is a smart contract that provides real-time price feeds for crypto assets. DIA stands out by offering integration with over 35 layer 1 and layer 2 networks, enabling the deployment of price oracles across multiple blockchains. These oracles are constructed using raw data from more than 85 on-chain and off-chain exchanges, resulting in comprehensive and accurate price feeds.

While DIA provides free demo oracles for developers to test, these are intended for testing purposes only and cannot be integrated into production applications. However, DIA offers the option to request custom price feed oracles. This feature allows users to tailor the oracle data feeds according to their specific requirements, including sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA via Discord or Telegram.

The custom oracles offered by DIA are particularly valuable as they provide flexibility and customization options for users. Through these custom oracles, developers and organizations can utilize DIA's extensive data sources and methodologies to create bespoke solutions for their applications. This enables a wide range of applications in the decentralized finance (DeFi) space, including derivatives, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and more. Additionally, DIA's oracles find utility in the fast-growing NFTfi sector, supporting features such as NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other innovative use cases.

It's worth noting that 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 bringing real-world data onto the blockchain, facilitating the execution of smart contracts based on accurate and up-to-date information. DIA's custom oracles ensure that users can access such data in a tailored format, enhancing the versatility and usability of their applications.

Why use DIA's PHX API & price oracle?

Both DIA's PHX API and PHX Price Oracle offer a wide range of benefits for users in the blockchain ecosystem. With DIA's technology, users can access accurate and reliable price data for cryptocurrencies and NFTs. The key advantage of using DIA's API or Price Oracle for the specific token in question is the high level of customization available.

Each oracle and API endpoint can be tailored to meet the specific needs of decentralized applications. This includes configuration settings such as the data sources that make up the feed, the data cleaning filters, and pricing methodologies applied to determine the price points, as well as the update mechanisms and frequency of the feed. This level of customization ensures that the data and oracle remain robust and resilient to the market conditions, providing global market and individual or cross-chain market prices.

Moreover, DIA's API and oracles provide a high level of transparency throughout the entire data journey. Users can have full and granular visibility into the data sources and the process by which the price data is determined.

DIA also offers various tracking and monitoring tools to closely monitor its oracle and API feeds. This ensures that users have complete trust in the accuracy and reliability of the data being provided.

In conclusion, the benefits of using DIA's PHX API and PHX Price Oracle are accurate and reliable price data, high level of customization, transparency, and robust tracking and monitoring tools. These features make DIA's offerings a preferred choice for users 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.