API3 is a decentralized platform that enables blockchain-based decentralized applications (dApps) to access blockchain-external, real-world data and services via application programming interfaces (APIs). It provides a way for the world’s data to be fed into blockchain applications with ease and standardization. API3’s decentralized APIs (dAPIs) make real-world data from existing oracle API providers natively compatible with smart dApps and blockchain-based applications, allowing them to access data directly from first-party data providers without the need for intermediaries.

API3 uses a technology called Airnode, which allows API providers to turn their APIs into dAPIs. Airnode decentralizes data feeds at their respective sources, eliminating the need for intermediary nodes and allowing dApps to access data directly. This enhances transparency and security by ensuring that data served from Airnode is served directly from the source to the chain with cryptographic signatures.

The API3 token is the native token of the API3 project and gives its holders the right to participate in the governance of the API3 ecosystem through the API3 DAO. Token holders can stake their tokens into the insurance pool to generate shares in the API3 DAO, which also provides access to weekly staking rewards.

To store API3 tokens, you can use several wallets that support ERC-20 tokens. Here are some options:

1. Coin98 Wallet: You can store API3 tokens on Coin98 Wallet by following these steps:

   • Open Coin98 Wallet and click "Receive" on the home screen.
   • Search for API3 Token.
   • Follow the on-screen instructions to complete the process.

2. Guarda Wallet: Guarda offers a secure and user-friendly platform for managing cryptocurrencies. You can create an API3 wallet by:

   • Downloading the application from the Apple AppStore or Google Play.
   • Creating an account on Guarda.
   • Setting a strong password and saving your wallet backup.
   • Creating a wallet and adding your API3.

3. MetaMask: MetaMask supports API3 cryptocurrency, allowing you to manage your API3 funds directly within your web browser. You can add API3 to MetaMask like any other ERC-20 token.

4. Bitget: You can create a Web3 wallet for API3 on Bitget by:

   • Tapping on Wallet on your homepage.
   • Selecting API3 via the mainnet list on the top right-hand corner.

5. Non-Custodial Wallets: It is highly recommended to use non-custodial wallets, which allow you to hold your private keys instead of a third-party custodian. Some commonly used wallets for API3 include Trust Wallet, Ledger, imToken, Torus, Coinbase, TokenPocket, and iToken Wallet.

To buy API3 (API3) tokens, follow these steps:

1. Choose a Cryptocurrency Exchange:

   • Select a reputable exchange that supports API3 trading and operates in your country. Consider factors such as fees, security, and user reviews. Popular options include Gemini, Binance, and Coinbase.

2. Create an Account:

   • Register on the exchange's website or mobile app, providing personal information and identity verification documents.

3. Fund Your Account:

• Transfer funds to your exchange account using supported payment methods like bank transfer, credit card, or debit card.

4. Navigate to the API3 Market:

   • Search for "API3" (API3) in the exchange's marketplace.

5. Choose a Transaction Amount:

   • Enter the desired amount of API3 you wish to purchase.

6. Confirm Purchase:

• Preview the transaction details and confirm your purchase by clicking the "Buy API3" or equivalent button.

7. Complete Transaction:

   • Your API3 purchase will be processed and deposited into your exchange wallet within minutes.

8. Transfer to a Hardware Wallet (Optional):

   • For added security, consider transferring your API3 tokens to a hardware wallet like Ledger or Trezor.

Remember to always use reputable exchanges and follow best practices for securing your cryptocurrency assets.