What does API3 coin do?

With API3 Token, users can seamlessly integrate their projects with the Airnode network, ensuring a smooth Flow of data and functionalities necessary for the development and maintenance of sophisticated dApps.

API3 Token serves as the fundamental utility token within the API3 ecosystem. It acts as a medium of exchange, facilitating seamless interactions within the decentralized application (dApp) landscape.

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Holders of API3 Token can utilize this digital asset to cover subscription fees associated with accessing various services and functionalities offered by dApps. This token-based payment model promotes transparency and efficiency in the decentralized economy.

Beyond mere financial transactions, API3 Token also confers upon its users a unique privilege: access to Airnodes. Airnodes constitute an integral component of a decentralized network tailored specifically to meet the API demands of developers across the blockchain spectrum.