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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The first @0xEthChicago has come to an end, and API3 was proud to offer a builder bounty during the hackathon.

Numerous incredible projects were being developed, but one project managed to claim the API3 bounty and ultimately win the grand prize.