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    • Thank you everyone for participating in the API Network Crowdsale.
       
      The XAP have been distributed.
      Please check your Omni Wallet.
      XAP are now being traded on the Polonix Exchange (see link below).

      __________________________________________________________________________ 

      Buy and Sell XAP here: The Poloniex Exchange now lists API Coins (XAP)

      Link to Omni Wallet: See Your XAP Tokens Here by Checking the Address You Sent From

      Try it out: The API Network Demo Site

      Example Use Case: See how Alice and Bob use the API Network

      QR Code For the Crowdsale
      See the API Network Presentation
      Omni Wallet
      Price of XAP
    • Trading API Coins (XAP)

      During the crowdsale 1.6 mBTC purchased 50 XAP. The API Coins (XAP) can now be brought or sold on the Poloniex Exchange.

      Poloniex Exchange

    • APIs

      View the API Network slide deck.

      We want to help the world decentralize by creating an open-source marketplace of API's. Check out the presentation link above for more details.

    • API Network will establish the foundation for decentralized computing, powered by a cryptocurrency.

      Be one of the first to join this open-source initiative dedicated to creating a decentralized marketplace of API's powered by the XAP token.


      API tokens are known as XAP

      10,000,000 XAP will be generated over the years to come for core developers, third party developers, and others providing value to the API Network.

      3,000,000 XAP are up for sale

      From June 18th to July 18th 3,000,000 XAP are up for sale. 

      XAP will be sent post crowdsale

      In order to give everyone their XAP tokens in a timely manor the XAP tokens will be distributed after the completion of the crowdsale.
    • Want to know more about XAP?

      Read the whitepaper that describes how the API Network and XAP function together. Click the link here.
      API Network / XAP Whitepaper

      Economics

      This articles discussed the general value and economics of using digital tokens to power applications.
      The Value of App Coins

      Get The Wallet

      After the crowdsale when the API Coins (XAP) are all sent to the participants who sent XBT (BTC) to the API Network crowdsale address. You will need a wallet to see and send your API Coins (XAP). We recommend https://test.omniwallet.org/
      Omni Wallet Website
    • In the News

      Recent Articles

      Follow the Coin
      CryptoBiz Magazine
      Bitcoin Magazine
    • Have a question, send it on over

      We may be overwhelmed with questions during the crowdsale period so please be patient.

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    • FAQ's

      1. Why Not Just Use Bitcoin instead of XAP?

       

      Ease, Discovery, and Competition
       

      Yes, Alice could accept bitcoin directly. But unless she wants to do that manually, she will have to set up a payment mechanism, read Bitpay or the like which is extra work for her.

       

      There is also the discovery issue. Yes, Alice sets up API and use BitPay to take in BTC, But how does Bob find Alice's API? He spends time looking through all the websites, seeing which ones offer the API he needs, maybe stumbles upon Alice's API and decides to use it.

       

      Lastly, there is the competition issue. If Bob only has one option for his API provider, then his application is fragile. Every time Alice changes her API (which could be often) then Bob must fix the now broken data coming into his site. If instead Alice, Fay, and Georgia are offering the Bitcoin to Dogecoin price ticker API, then Alice better treat Bob, Charlie, Dan, and Ethan well or they will choose to switch providers to Fay or Georgia instead. In summary, Ease, Discovery, and Competition are really critical here.

       

      A similar example we can look at in the real world is why Overstock.com (a huge company) doesn't just do their own bitcoin merchant services. Why use Coinbase or Bitpay? Overstock could do it themselves. But ease, discovery and competition play similar roles in that decision too. So if Coinbase charges a 1% fee or has me use Coinbase token either way its easier for Overstock than doing everything themselves.

      2. If the coins are not sold out by the end of crowd sale on July 18th, what will happen to the remaining XAP from the 3,000,000 crowdsale pool?

      See the section above titled Crowdsale APICoin XAP Generation in the notes sub section. https://github.com/APINetwork/ProtocolSpec#the-crowdsale-apicoin-xap-generation

       

      "If the full 3,000,000 APICoins (XAP) are not generated during the crowdsale event, the remaining portion will be generated and distributed to the participants of the crowdsale on a proportional basis. Meaning that if for example a purchaser brought 1 APICoin (XAP) for 1.6 mBTC during the first segment of the crowdsale, and the crowdsale sold 1,000,000 APICoins (XAP) (out of the possible 3,000,000) then all holders of 1 APIcoin (XAP) would gain 2 additional APIcoins (XAP) and in this example the purchaser would end up with 3 APIcoins (XAP)."

      3. Who is going to manage the BTC contributed during the Crowdsale?

      The management of the XBT (BTC) contributed during the crowdsale will be done by the Non Profit API Network Foundation (until such time as the tools exist to decentralize its functions as decided by the community). The Foundation Board of Directors will be made up of volunteers from each of the five token distribution pools including a volunteer who participated in the crowdsale, a volunteer who is a third party developer, a volunteer who is a core developer, a volunteer who was involved in the propriatary code that is being open sourced, and a volunteer who is running a API Network node.
    • DISCLAIMERS PLEASE READ:

      This Is Not Stock or Equity


      Participation in the API Network / XAP crowdsale will not provide you with a "security" or "equity" stake in this project. The digital token known as XAP is only useful for accessing the API Network software after its development is complete.

      No Refunds

      No refunds of BTC will be made to purchasers of XAP, should they change their mind at a later time, as the creation of the XAP tokens is locked in. Of course, once the purchaser receives his or her tokens after the crowdsale, they are free to send or sell them to anyone of their choice.

      If You Send BTC From Coinbase You Can't Claim Your XAP

      If you send the API Network Crowdsale address BTC from a wallet that you do not control the private key for (example Coinbase), then you will not be able to claim the API Coins (XAP) you purchased and the API Network will be unable to generate new ones for you.

      Low Liquidity

      If you purchasing token XYZ in order to hold it as "a store of wealth or value" or resell them to others who will use the API Network software, please understand that this project is in an early stage of development and that the market for these tokens will be very shallow and thus make it harder to buy and sell these tokens without effecting the price on the market.
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        • Crowdsale Address
        • Buy and Sell XAP
        • API Network
        • The Run Down
        • Whitepaper / Economics / Wallet
        • Press
        • Message Us
        • FAQ's
        • Disclaimers
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