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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Developers needing off-chain data will find dAPIs to be a simple & scalable solution.

By serving decentralized data feeds from first-party oracles onchain, dAPIs align with core blockchain principles & set a new benchmark for data source transparency.

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