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Romanian Leu (RON) to API3 (API3) Instantly

Purchase API3 (API3) with Romanian Leu (RON) easily at Switchere and benefit from fast, secure transactions.

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API3 (API3)
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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 RON 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 does the RON/API3 trading pair represent in the crypto ecosystem?

    The RON/API3 pair represents a direct swap between RON, the native gas and governance token for the Ronin blockchain, and API3, the token powering a decentralized oracle network of first-party oracles. This allows users to trade the native asset of a major gaming blockchain for a utility token essential for providing dApps with real-world data via dAPIs, typically on a decentralized exchange (DEX) like Katana.

  • What strategic advantage does holding API3 offer to a user within the Ronin ecosystem?

    Holding API3 within the Ronin ecosystem provides exposure to the decentralized data and Web3 API economy. For developers building dApps on Ronin, it's crucial for integrating real-world data feeds via API3's Airnode technology. For investors, it's a way to diversify a portfolio from a gaming blockchain asset (RON) to a foundational data infrastructure token (API3) that supports a broader range of smart contract applications.

  • How does the Delegated Proof of Stake (DPoS) consensus of Ronin affect RON/API3 swaps?

    Ronin's DPoS consensus mechanism ensures high throughput and fast transaction finality for RON/API3 swaps. Unlike Proof of Work, DPoS allows for quicker block confirmation times, meaning your token swap on Katana DEX is typically confirmed in seconds. This provides a smoother user experience, which is critical for the gaming and dApp interactions the Ronin blockchain is designed for, and ensures that trades are settled efficiently.

  • What is the primary method for swapping RON for API3?

    The primary method is through a decentralized exchange (DEX) built on the Ronin network, such as Katana DEX. Users connect their Ronin Wallet to the DEX, select RON and API3 as the trading pair, specify the amount, and execute a token swap. This transaction is a smart contract interaction on the Ronin blockchain, requiring a small amount of RON for gas fees.

  • What are the key transaction costs when trading RON for API3?

    There are two main costs. First is the network gas fee, which is paid in RON to the Ronin network's validators to process the smart contract transaction. Ronin is known for relatively low gas fees. The second is the DEX trading fee, typically a small percentage (e.g., 0.3%) of the transaction value, which goes to liquidity providers for the RON/API3 pool. Users should also be aware of potential slippage, which is the difference between the expected and executed price, especially for large trades.

  • Are there security risks to consider when performing a RON to API3 token swap?

    Yes. The primary risks involve interacting with malicious smart contracts or phishing sites. Always ensure you are using the official URL for the decentralized exchange (e.g., Katana). Before approving a transaction in your Ronin Wallet, double-check the contract address you are interacting with. Additionally, verify the official token contract address for API3 on the Ronin network to avoid swapping for a fraudulent token. Secure your wallet's private keys and never share them.

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