Token Name: API3
Symbol: API3
Market Cap: $188,519,640 (source: CoinGecko)
Current Price: $1.59
Circulating Supply: 118,191,831 API3 tokens
Maximum Supply: 146,483,239 API3 tokens (*not fixed)

API3 is at the forefront of decentralized finance (DeFi), enabling smart contracts to access real-world data directly and securely. API3 facilitates efficient, transparent, and secure interactions between blockchain applications and external data sources.
Key Features
First-Party Oracles: API3 empowers API providers to operate their own oracles, ensuring high-quality and tamper-resistant data feeds.
Airnode Technology: The Airnode is a lightweight, serverless oracle node designed to be easily deployed by API providers, enabling seamless connectivity between APIs and blockchain applications.
Decentralized Governance: API3 is governed by a decentralized autonomous organization (DAO), allowing token holders to participate directly in decision-making processes.
Use Cases
Decentralized Insurance: Facilitates real-time weather and event data integration for parametric insurance models.
Supply Chain Management: Supports shipment tracking and authenticity verification through reliable data feeds.
DeFi Platforms: Powers lending, synthetic assets, and prediction markets with accurate, real-time data.
Recent Developments
dAPI Adoption: API3's decentralized APIs (dAPIs) are gaining traction across the DeFi space, attracting developers worldwide.
Strategic Partnerships: Collaborations with major blockchain projects and API providers are solidifying API3's role as a foundational data layer.
Why API3?
API3's innovative approach to decentralized data feeds aligns with Socrates' mission to offer exposure to transformative digital assets. Its focus on reliability and security makes it a standout asset in the DeFi space.
Explore the Future with Socrates
At Socrates, we help you navigate the rapidly changing digital asset landscape. Let’s explore how API3 and similar assets can fit into your long-term financial strategy. https://www.socratesinvest.com/book-free-consultation
This spotlight is for informational purposes only and does not constitute an offer to buy or sell any security or digital asset. Socrates Invest does not provide specific investment recommendations outside the context of our advisory services. Please reach out to an advisor to discuss your specific situation before making any investment decision.
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