API3API3 (API3) Price

1. Project introduction

Api3 aims to decentralize Web 3.0 APIs by enabling easy integration of premium APIs via Airnode first-party oracles. Leveraging open-sourced Oracle Integration Specifications (OIS) and scalable tools, Api3 ensures rapid, error-resistant API onboarding. Governance is fully decentralized through the Api3 DAO, where token holders vote on protocol parameters, fund allocation, and project direction. Dao employs hierarchical, team-based governance promoting transparency, efficiency, and Sybil resistance. Funding is allocated through grants to third parties, enhancing accountability and sustainable ecosystem growth, with staking and collateral mechanisms aligning incentives and providing security to users.

2. Team introduction

Heikki Vänttinen - Co-founder

Heikki is a blockchain industry veteran with experience in smart contract development and decentralized identity. He previously served as the founder and CEO of CLC Group.

Burak Benligiray - Co-founder & Core Technical Team Lead

Burak holds a Google scholarship and has served as the CTO at CLC Group and Honeycomb. He has a background in computer vision and artificial intelligence.

3. Investment institution

DWF Labs, Spartan Group, Laser Digital, Caladan

4. Application and distribution

Token application

The API3 token grants voting power in the Api3 DAO, enabling holders to participate in decentralized governance decisions such as staking incentives, collateralization parameters, and fund allocation. Tokens are also staked as collateral to secure dAPIs through a service coverage product that protects users against dAPI malfunctions. Staking rewards are distributed with a delayed withdrawable period to encourage long-term value alignment and project stability.

Token distribution

30% to the Founding Team

25% to the Ecosystem Fund

20% to Public Distribution

10% to Partners & Contributors

10% to Seed Investors

5% to Pre-Seed Investors