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Morocco Dirham (MAD) to API3 (API3) Instantly

Purchase API3 (API3) with Morocco Dirham (MAD) easily at Switchere and benefit from fast, secure transactions.

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About
API3 (API3)

API3 is a collaborative project dedicated to building, managing, and monetizing decentralized APIs (dAPIs) at scale, directly addressing the blockchain oracle problem. It aims to connect smart contracts with real-world, off-chain data in a more secure, transparent, and cost-effective manner. Unlike traditional oracle models that rely on third-party intermediaries, API3 champions a first-party oracle solution. This model allows API providers to run their own oracle nodes, called Airnodes, with minimal effort. This direct data sourcing from the provider to the blockchain technology eliminates the need for middlemen, reducing attack vectors and increasing the reliability of on-chain data feeds for various DeFi applications and Web3 infrastructure.

The core of the ecosystem is the API3 token, a digital asset that functions as both a utility and governance token. Token holders can participate in the API3 DAO, which governs the entire network, including the selection of dAPIs and collateral management. Staking the API3 token is a crucial component of its tokenomics, as it provides a security collateral and an insurance-like mechanism for users of the dAPIs, guaranteeing service quality and data integrity. This cryptographic security model aligns incentives between API providers, dApp developers, and the DAO, fostering a robust and decentralized Web3 API economy.

API3 (API3)

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How to Buy API3 (API3)

  1. Select currency menu

    Choose MAD to API3 Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your API3 Wallet Address

    Provide your API3 wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your API3

    Complete the payment, and your API3 will be sent to your wallet.

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Frequently Asked Questions

  • What is the MAD/API3 trading pair and what does it represent?

    The MAD/API3 pair represents the direct exchange rate between the Moroccan Dirham (MAD) and the API3 token. This fiat on-ramp allows users to purchase API3, a digital asset central to a first-party oracle network, directly with their local currency. API3 aims to solve the 'oracle problem' by enabling API providers to run their own oracle nodes (Airnodes), delivering data directly on-chain to decentralized applications (dApps) with greater security and transparency.

  • What is the utility of the API3 token beyond trading?

    The API3 token has crucial utility within its ecosystem. Its primary function is staking, where token holders lock up their API3 to provide collateralized security for the data feeds (dAPIs) on the network. In return, stakers earn rewards. The token is also used for governance in the API3 DAO, allowing holders to vote on proposals that shape the project's development. This structure incentivizes good behavior and secures the entire oracle network.

  • What are the typical fees and security practices when buying API3 with MAD?

    When using MAD as a fiat on-ramp, expect several potential fees: a deposit fee for the Moroccan Dirham transfer, a trading fee (maker/taker) on the exchange, and a network withdrawal fee to move your API3 tokens to a personal digital wallet. For security, always use a reputable exchange with strong KYC/AML compliance. After purchase, transfer your API3 from the exchange to a non-custodial wallet where you control the private keys to minimize custodial risk.

  • How can I purchase API3 tokens using Moroccan Dirham?

    Purchasing API3 with MAD typically involves using a cryptocurrency exchange that supports Moroccan Dirham deposits via local bank transfer or other regional payment methods. Since direct MAD/API3 pairs are rare, a common method is a two-step process: deposit MAD to buy a major cryptocurrency like BTC or USDT, and then trade that asset for API3 on the same platform's order book. Always ensure the chosen exchange complies with local KYC/AML regulations.

  • What are dAPIs and how do they relate to API3's Airnode technology?

    dAPIs are 'decentralized APIs'—blockchain-native data feeds composed of multiple first-party oracles, operated by the API providers themselves. They are powered by Airnode, which is a lightweight, serverless oracle node designed to be easily deployed by API providers with minimal maintenance. This architecture eliminates third-party middlemen, reducing costs and attack vectors, and allows smart contracts to access real-world data with unprecedented transparency and source-level trust.

  • Why is a direct fiat on-ramp like MAD to API3 important for the Moroccan crypto ecosystem?

    A direct MAD to API3 on-ramp simplifies the investment process for Moroccan users, reducing friction and costs associated with multi-step conversions. It enhances accessibility to foundational Web3 infrastructure like first-party oracles. For local developers building dApps, it provides a straightforward way to acquire the necessary API3 tokens for participating in governance or securing data feeds, thereby fostering innovation and adoption of decentralized technology within Morocco.

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