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.


Band Protocol | If This Bull Flag Works Then A Big Rally Can Be Triggered

28 Aug 2020 2 minute read 4 comments moon333

Hi friends, hope you are well and welcome to a new update on Band token. In my previous article, we have seen that this token has surged more than 9000% after March 2020 up till now. Recently on the 4-hour small-time period chart, the price action of...

Reasons Why Band Is Looking So Good Under $13

28 Aug 2020 2 minute read 6 comments Sapphire

You Have Not Missed It I am sure many are feeling like they missed the boat with BAND protocol and wish they could just rewind time a couple of months to when BAND was about a dollar! Well, you cannot rewind time but you can definitely take advantage...

Is Now The Time?

27 Aug 2020 1 minute read 0 comments pssyEatnPreacher

BAT, among other crypto, have been on a DECLINE the last couple of days. Looking at the graphs using the week view we see a decline in cost/value, and if the patterns are correct we should see a climb in cost/value once again.   Now that does this me...

What’s BAND Protocol (BAND)?

18 Aug 2020 1 minute read 4 comments NOWPayments

  There’s a need for real-world data to be connected to blockchain networks in order to ease production of smart contract principles and their enforceability. Data inherent platforms, which are blockchains, draw data from themselves. Despite being he...

After More Than 9000% Big Move Band Protocol Formed Bull Flag For Next Rally | Coinbase Pro Listing

17 Aug 2020 3 minute read 6 comments moon333

Hey friends hope you are well and welcome to the new update on Band protocol. This token has surged more than 9000%. In today's article, we will try to understand how this token completed the bullish setup and what kind of signals we had before this...

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...

Earn Tokens DEFI free, in coinmarketcap🤑🐱‍🏍

16 Aug 2020 1 minute read 3 comments Klo

Hello!! I have not published anything for a long time and I have found this, it seems interesting since you learn and earn decentralized economy tokens. On the coinmarketcap website they have "copied" the COINBASE earn, it is very, very similar. We d...

Earn 10$ BAND by completing the quiz on CoinMarketCap (Quiz Answers)

14 Aug 2020 1 minute read 6 comments benefiTime

Earn 10$ BAND by completing the quiz on CoinMarketCap. Quiz Answers :   1. Why is Band Protocol important for DeFi and smart contract use-cases ?Answer : It reliably connects smart contracts to any external data-source or API 2. What is an example of...

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...

CMC campaign: Earn 10 USD of Band Protocol

14 Aug 2020 1 minute read 2 comments Crypto_Noob

Coinmarketcap.com together with Band Protocol have a campaign in the cmc website where you can earn 10 USD worth of Band Protocol and at the time of writing this article Band protocol rank 50 at cmc, the price was around 14 USD, and up 73% for the la...