What is the API token?

The API Token is the native token of The APIS protocol, deriving its utility from:

  • Staking by APIS Nodes and APIS Gateways: Nodes and gateway operators are required to stake a number of API tokens in order to establish their network presence. This will be subject to slashing, should the actor be proven to act maliciously;

  • Dispute resolution: This mechanism allows API holders to determine whether Nodes or Gateways acted maliciously (similar to Augur’s dispute resolution mechanism);

  • Staking by Optimistic or Zk-Rollup validators: We anticipate this feature will be in place within a year, and;

  • Governance: Numerous ways to decide on new APIS contracts and upgrades through a voting system.

Our API Token Address:


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