/biz/ - Business & Finance

The reason API3 is cheaper and more cost efficient than traditional oracles - because there are no hungry middle-men to feed. Hungry middle-men make the data more centralized, less secure and more expensive.

Because API3 is truly decentralised, it operates via a DAO voting mechanism. Staking API3 grants its holders full governing rights over the API3 DAO. This is a big selling point, because it means that you have a say in the protocols governance. This isn't the case with other third-party oracles. With most, you simply own part of the currency that powers the protocol. With no real say or power over the governance.

API3 is also a provider of on-chain insurance services that provide trustless security guarantees to dAPI users. In other words, insurance to protect the accuracy of data is built in. No need for off-chain insurance providers. Staked API3 is used as collateral for these services. Fee's go back to stakers. As we know, insurance is becoming a big narrative in Defi and Crypto in general.

$API3 will be the trannies $LINK.

I have a bag!

Cope

BASED & API3 PILLED

DON'T BE A FAG AND MISS OUT!!!!