Latest Posts with Band Protocol (BAND) tag

Band Protocol (BAND)

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Band Protocol (BAND) is a blockchain-agnostic protocol that enables interoperability between the existing world wide web and smart contracts through oracles for decentralized applications (dapps). In addition to bridging traditional systems with decentralized ones, the project’s solutions also tackle the pain points of speed, scalability and data flexibility.

 

The project was founded in 2017 by Soravis Srinawakoon, Sorawit Suriyakarn and Paul Nattapatsiri, who respectively serve as the project’s CEO, CTO and CPO. The project’s whitepaper was published in Q3 2018, with a revision that followed in Q1 2019. Private and public testnet versions of the network were launched in Q2 and Q3 2019 respectively. 

 

Currently in the second phase of development, the features under construction are custom data oracle scripts and a custom scripting language. Subsequent development tasks include wider blockchain compatibility, more payment options and smart contract interoperability with enterprise software.

 

Broadly described by the development team as a “decentralized oracle framework for Web 3.0”, the protocol is based on the Cosmos (ATOM) Network and has the capability to process thousands of transactions per second. The network utilizes two tokens to facilitate its features, the native token BAND and “dataset tokens.”

 

The BAND token acts as collateral against which dataset tokens are issued. Dataset tokens represent ownership in various datasets that are used in data feeds. These dataset tokens can be used for governance and staking.

 

The team has already developed two functional applications of note: the data governance portal and the non-custodial BAND wallet. The latter is self-explanatory, storing the tokens that users will use on the network. The data governance portal is where users can purchase dataset tokens and commit to actions like staking. Governance decisions include deciding the cost of data query, dataset configurations and the number of data providers.

 

Learn more about Band Protocol (BAND) here, including news, price predictions, opinions and analyses created by users.


Staking - BAND (Beginners' How-To Guide)

30 Dec 2020 3 minute read 12 comments Mynima

Introduction As many of you will be aware Band Protocol was recently featured as a part of the Coinbase Earn campaign. At the time I was quite excited to see Band featured here because the project really has come on leaps and bounds this year. In the...

Coinmarketcap X Band Protocol (BAND) Learn & Earn Program 🔥 Top Project, CMC Rank: 48

12 Aug 2020 1 minute read 4 comments FreedomBuilder

  📈 Band Already Listed on Binance Market. 🎁 Total Reward: Receive up to $10 worth of BAND. ✅ Sign up at CoinMarketCap. ✅ Go to Binance and get your Band wallet address. ✅ Band Protocol Learn & Earn Program. 🔶 Tasks:📌 Sign up at CoinMarketCap & login...

Why did Cosmos ATOM surge?

16 Feb 2021 1 minute read 2 comments Cryptofab

You may wonder why Cosmos ATOM surged in the last two weeks. See metrics on Feb. 16: The reason is: Stargate update on Feb. 18... It is a major step for interoperability, with huge impact on all the protocols using Cosmos. This update has also impac...

Free $10 in Band Protocol tokens brought to you by CoinMarketCap.

13 Aug 2020 1 minute read 7 comments alberdioni8406

Yes, your read it well and it's time to make some free Band Protocol tokens worth $10 in courtesy by CoinMarketCap the Binance owned data provider company. Coinmarketcap introduced a reward program to teach about Cryptocurrency to anyone who wanna le...

10$ Band token reward while learning.

16 Aug 2020 1 minute read 4 comments Snow Under Sun

Band is a very good DeFi project. Do you want to earn free 10$ value BAND token ?  no investment, no tricks. First step: Open account in Binance. Binance is top exchange and many coins/tokens listed in Binance. For open account in Binance, please cli...

BAND Protocol - A Cryptocurrency Opportunity

14 Aug 2020 2 minute read 0 comments BitcoinCrazy

The biggest cryptocurrency price gainer in 2020 is BAND protocol. This cryptocurrency has moved from being an ERC20 token to it's own main net, and has a huge future. Standing as the 51st largest cryptocurrency by marketcap, backed by Binance and Seq...

Alt Market Overview. End of April, 2021

3 May 2021 1 minute read 1 comment Sir Loin

The strategic partnership with Google Cloud announced by the Band Protocol project increased the value of #BAND by 30%. The announcement of the creation of a bridge with the Binance Smart Chain project AIOZ Network caused the growth of #AIOZ by 35%....

NFT boom ended? Now it's time for Oracles (Band, API3, DIA)

4 Apr 2021 1 minute read 0 comments MakeItReal

During last months, Non Fungible Tokens like ENJ, MANA, CHZ, FLOW, SAND achieved crazy returns. Anyway, in the crypto market things change quickly so it is important to understand the moment when new trends develop. In this regard, oracle tokens may...

Band Protocol -- The FASTEST Horse Øf The Race !!!!!!--

14 Sep 2020 3 minute read 6 comments Stijnm85

Clear Explaination Of Band Protocol ANDSTARGATE The New Era For CØsmos!!      Short introduction of Band Protocol  Band Protocol is a cross-chain data oracle platform which solves the limitation for the majority of the existing smart contract platfo...

Boxing Day Sale is on for these cryptocurrencies!

27 Dec 2020 1 minute read 0 comments crypto_moose

    Who doesn't like a good sale on cryptocurrencies? Well with the current forward momentum in to bitcoin as it continues to make newer all time highs many altcoins have tumbled in price and present a great opportunity to buy or to add to your stas...