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Philippine Peso (PHP) to API3 (API3) Instantly

Purchase API3 (API3) with Philippine Peso (PHP) 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 PHP 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 most common method for buying API3 tokens with Philippine Pesos (PHP)?

    The most common method is using a regulated cryptocurrency exchange that serves as a PHP fiat on-ramp. Users typically complete KYC/AML compliance, then deposit PHP via local payment methods like Gcash, PayMaya, or direct bank transfers. Once the PHP is in their account, they can place an order for API3 on the platform's order book.

  • What security measures should I take after completing a PHP to API3 digital asset purchase?

    After purchasing API3, it is highly recommended to transfer your tokens from the exchange's custodial wallet to a non-custodial digital wallet where you control the private keys. Options include hardware wallets (like Ledger or Trezor) for maximum security or software wallets (like MetaMask). Always enable two-factor authentication (2FA) on your exchange account and be wary of phishing scams.

  • Are there typical trading fees to consider when executing a PHP to API3 transaction?

    Yes. Generally, you will encounter three types of fees. First, a deposit fee for converting your PHP into exchange credit, which can vary by payment method (e.g., Gcash might have a different fee than a bank wire). Second, a trading fee on the cryptocurrency exchange, often structured as a small percentage for maker (placing an order) or taker (filling an order) actions. Third, a network or withdrawal fee if you move your API3 tokens off the exchange to a private digital wallet.

  • What is the primary function of the API3 token within its decentralized oracle network?

    The API3 token serves three core purposes. First, it's a governance token for the API3 DAO, allowing holders to vote on project upgrades. Second, it's used for staking, where users lock their tokens to provide security and insurance for the network's data feeds, earning rewards in return. Third, it facilitates payments for dAPI (decentralized API) services powered by first-party oracles via the Airnode architecture.

  • How does API3's Airnode technology differ from other oracle solutions?

    Airnode is a serverless oracle node designed to be operated directly by API providers themselves. This creates 'first-party oracles,' eliminating the need for third-party middlemen who run nodes and fetch data. This direct data sourcing from the API provider to the blockchain enhances data transparency, reduces costs, and minimizes the attack surface compared to traditional oracle models that rely on a layer of external node operators.

  • Is it possible to stake API3 tokens after acquiring them through a PHP/API3 trade?

    Yes, staking is a core utility of the API3 token. After your digital asset purchase, you can transfer your API3 to a compatible non-custodial wallet and participate in the API3 DAO. By staking your tokens in the insurance pool, you help secure the network and in return, you can earn staking rewards and a share of the revenue generated from dAPI usage.

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