What is API3 Token? Tokenomics, Price, and How to Buy on Bitrue

In the fast-evolving world of blockchain and DApss, reliable data is everything. Smart contracts need accurate real-world information to work properly, but getting that data securely has always been a challenge. 

That’s where API3 steps in. If you’ve been wondering what the API3 token is and how to buy API3 on Bitrue, this guide will walk you through everything in a simple, beginner-friendly way.

What is API3 Token? 

API3 token is a blockchain project designed to connect smart contracts directly to real-world data through decentralized APIs. Normally, smart contracts rely on oracles to fetch external data, but these oracles add extra layers, causing higher costs and potential centralization risks.

API3 solves this issue by allowing API providers to run their own decentralized nodes. This means data is delivered straight from the source to the blockchain, ensuring better transparency, security, and efficiency.

The idea was introduced in September 2020 through the API3 whitepaper, and its token officially launched in December after a successful fundraising phase. 

As Web3 applications grow, especially in DeFi and supply chain sectors, the demand for secure and trustworthy data feeds continues to rise, making API3 a relevant project in today's crypto landscape.

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API3 Tokenomics Overview

Here’s the API3 tokenomics or token distribution:

Partners & Contributors: 7.34%

Founders: 22.03%

Pre-seed Round: 3.67%

Seed Round: 7.34%

Staking Rewards: 35.09%

Ecosystem: 9.85%

Public: 14.68%

API3 token allocates a large portion to staking rewards, showing a strong focus on community incentives and network participation.

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API3 Token Price Today

According to the latest market data, API3 price today is trading at $0.7388, showing a 9.8% increase in the last 24 hours, with a 24-hour trading volume of $126.67 million, indicating a surge in market interest and trading activity. 

The market cap currently stands at $63.85 million, positioning API3 among mid-cap cryptocurrencies with growing investor attention. 

With 86.42 million API3 tokens in circulation out of a total supply of 153.35 million, the token still has room for expansion as adoption increases.

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How to Buy API3 Token on Bitrue

Buying API3 token on Bitrue is beginner-friendly and doesn’t require using complex DeFi tools. Just follow these steps:

Step 1: Create a Bitrue Account

- Visit the Bitrue website or download the Bitrue mobile app.

- Sign up using your email or mobile number.

- Activate Google Authenticator (2FA) for account protection.

Step 2: Complete KYC Verification

- Go to “Identity Verification” in your profile settings.

- Upload your ID and complete the face scan.

- Once verified, your account will be ready for full trading access.

Step 3: Deposit USDT or USDC

- Navigate to “Assets” → “Deposit”.

- Transfer USDT or USDC to your Bitrue wallet.

- These stablecoins will be used to trade API3.

Step 4: Trade API3 in the Spot Market

- Go to “Trade” → “Spot”.

- Search for API3/USDT or API3/USDC trading pairs.

- Choose “Market Order” to buy instantly or “Limit Order” to set a custom buy price.

- Confirm your transaction.

Step 5: Store or Withdraw Your API3

- Your purchased API3 will appear in your Bitrue wallet.

- You can choose to hold, trade, stake (if available), or withdraw to an external wallet that supports API3 tokens.

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Conclusion

API3 token aims to change how smart contracts interact with real-world data by removing third-party oracles and empowering API providers directly. 

With its active community, strong tokenomics structure, and increasing market visibility, API3 is a project worth watching. If you’re looking to gain exposure, Bitrue offers one of the easiest ways to buy API3 securely.

Explore expert insights, in-depth articles, and the latest crypto market trends on Bitrue blog. Whether you're a beginner or a seasoned trader, there's something valuable for everyone. Stay informed and ahead in your crypto journey. Register now on Bitrue and take the next step!

FAQ

What is API3 Token used for?

API3 token is used for governance, staking, and securing the decentralized API network.

Is API3 available on Bitrue?

Yes, you can trade API3 on Bitrue through pairs like API3/USDT and API3/USDC.

Do I need KYC to trade API3 on Bitrue?

Yes, completing KYC is required to unlock full trading features.

Can I stake API3?

Yes, a large portion of API3 tokens is allocated to staking rewards to encourage community participation.

Is API3 a good long-term project?

API3 targets a core problem in Web3 infrastructure, reliable data feeds, making it a promising project for long-term adoption.