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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.
25 Dec 2020 1 minute read 0 comments arro
Band Protocol ($BAND) is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts to facilitate the exchange of information between on-chain and off-chain data sources.Band Protocol initially launch...
19 Dec 2020 1 minute read 15 comments Chesatochi
4 people can get $10 of BAND protocol if join under my affiliate link: https://coinbase.com/earn/band/invite/bvrnjmyq Introduction Do you love free education and receive free tokens while learning? You have now the opportunity with Coinbase Earn wit...
17 Dec 2020 1 minute read 3 comments Deamonia
Hello guys ! Coinbase just release 2 new earning program that you can earn up to $43 of Band Protocol and $6 of Filecoin. It's a nice way to learn about these new project and earn some crypto in the mean time. Other earning program with Coinbase: $59...
15 Dec 2020 2 minute read 9 comments Band Protocol
Fantom, the development team advised by Andre Cronje building a full-featured decentralized finance platform, has launched liquid staking and synthetic assets in partnership with Band Protocol. Leveraging Band Protocol, staked assets can become liqui...
15 Dec 2020 2 minute read 0 comments Band Protocol
Band Protocol is proud to join OpenAPI Initiative as the first blockchain firm alongside Google, IBM, Bloomberg, eBay and Microsoft, to connect blockchain applications to common Application Programming Interfaces (API) and streamline the exchange of...
13 Dec 2020 1 minute read 1 comment FreedomBuilder
🎁 Total Reward: Receive up to 300 IRON by completing social tasks and answering quiz questions!👥 Receive 100 IRON for each referral. 📈 Sign-up on Latoken Exchange and complete KYC with TIER 2. 💎 Start Spartan Telegram Airdrop Bot. 🔶 Airdrop Te...
11 Dec 2020 1 minute read 1 comment Unhedged
BAND and FIL added to Coinbase Earn While browsing Coinbase, I just noticed that they have recently added BAND and FIL to their Coinbase Earn program! With BAND, you can earn up to $49 of tokens. With FIL, you can earn up $6. Not much, but hey it's f...
11 Dec 2020 1 minute read 1 comment CPix
Over the past week Coinbase Earn has offered lessons on Band Protocol's $BAND token and Filecoin's $FIL token. The Band lesson was made slightly different than previous versions of Coinbase Earn lessons. Instead of short videos with explanations rega...
11 Dec 2020 1 minute read 0 comments Tibiosza
Learn how to claim $43 today by following a few steps!What does Band bring to blockchains?answer - Real world data What are Band’s decentralized data feeds called?answer - Oracles What’s one benefit of staking your BAND tokens?answer - Earn crypto re...
11 Dec 2020 1 minute read 1 comment FreedomBuilder
✨ Coinbase Earn has just introduced a $6 Reward worth of FIL for watching three videos that explain what Filecoin is, how it works and the mission behind it. 🌀 Filecoin is a decentralized marketplace for data storage and retrieval. Learn how it w...
