API3 is a token of a DAO-managed project to create a dAPI. The project features an open and direct management model, the stake holders will receive part of the income from dAPI, inflationary rewards for staking, as well as reserved API3 tokens support the insurance service on the network as collateral.

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API3 DAO contributor @UgurMersin61 believes the entire oracle industry is running on trust.

Don't trust. Verify.

/ugurmersin61/status/1693971983682117726?s=46&t=AREyD1OMqo56WFfCWsS-eg

API3 DAO contributor @UgurMersin61 believes the entire oracle industry is running on trust. Don't trust. Verify.