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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.
11 Dec 2020 1 minute read 1 comment seboafc
Coinbase Earn New - $ 3 BaND Token Quiz ($ 40 for referrals) + $ 6 FILECOIN Hello, after entering the coinbase account, we enter Earn Coinbase and we have a new FILECOIN quiz, we enter, sign up and either wait or get a quiz immediately, we also have...
10 Dec 2020 1 minute read 2 comments Bfab
If you compare these both oracle tokens: Chainlink is the #1 but Band is growing. The latest contract with Fantom is quite promising Band uses Cosmos blockchain whereas Link is on Ethereum network Cosmos DeFi projects represent a huge potential whe...
10 Dec 2020 3 minute read 1 comment Rutkowski
Earn $43 of BAND Hello everyone, Coinbase is back at it again with another earn drop opportunity that can earn you up to $43.00 of BAND that is currently valued at $6.71 with a Market Cap of 130 Million. You will have to answer 3 questions about BAND...
9 Dec 2020 1 minute read 2 comments FreedomBuilder
✨ Coinbase Earn has just introduced a $43 Reward worth of BAND for watching three videos that explain what BAND Protocol is, how it works and the mission behind it. 🎁 Reward distribution: BAND token received from Coinbase Earn after only few ho...
9 Dec 2020 1 minute read 4 comments usedname
So you're preparing to send an ETH token to your Metamask wallet but concerned you can't see it listed or you have already sent a token to your Metamask wallet and panicking there's no sign of it. Metamask can support ETH tokens and also BSC (Binanc...
9 Dec 2020 1 minute read 2 comments estrenoscinehoy.com
if you are a Coinbase user and if you have not participated yet getting BAND tokens you can click the link and the program is opened for you. Sometimes you have to wait a lot of time to be selected for getting the coins. With the referral links, you...
9 Dec 2020 1 minute read 1 comment usedname
Coinbase have released another quick Earn opportunity this time collaborating with Band. - Band Protocol is now available to quickly earn yourself $3- After completing users have the ability to share amongst others to get another potential $40 of Ba...
9 Dec 2020 1 minute read 1 comment MoneyMan
Coinbase earn which is a wonderful program for free crypto just added Band token to its program. The crypto that you earn is directly deposited to your Coinbase account after answering questions. Each question is worth $1 dollar in Band. You can als...
8 Dec 2020 1 minute read 0 comments 0xgult
I just noticed today that the BAND protocol's earn campaign is now LIVE on Coinbase Earn. You can earn up to $43 in BAND tokens once you take the quizzes which are pretty simple. You can use the following link to earn your tokens https://coinbase.com...
2 Dec 2020 1 minute read 1 comment Abhimanyu Krishnan
Band Protocol (BAND) and Acala will collaborate to release an open oracle gateway for DeFi services on Polkadot (DOT), according to a blog post published on Dec. 1. Band Protocol’s decentralized oracle service will power Acala’s DeFi platform, with...
