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.


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What is Band Protocol (BAND)? [A Comprehensive Guide to Understanding Band Protocol]

25 Jun 2020 5 minute read 3 comments Mr.CryptoWiki

Cryptocurrency projects have evolved greatly from its early days of being purely payments based services or more generally focused on very broad use cases. Most recent years have seen a new trend emerge, one where projects are building protocols that...

What is Band Protocol (BAND) anyway? A competitor of Chainlink!

20 Jun 2020 3 minute read 7 comments LiquidAttic

I saw that you can stake Band Protocol in the Atomic desktop wallet and mobile phone for 15% - 17% annual passive income. This is a very high press rate which cannot be earned with many tokens. And certainly not in a great wallet like Atomic wallet....

Top Things You Should Know About Band Protocol (BAND)

15 Jun 2020 9 minute read 14 comments MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for the up-and-coming decentralized oracle platform – Band Protocol (BAND). Band Protocol is a cross-chain data oracle platform that ensures interoperability between smart contracts...

AWC and BAND now available to stake in the Atomic Wallet desktop app

14 Jun 2020 1 minute read 0 comments klymacks

My Atomic Wallet desktop client just alerted me that the new client version was available a few minutes ago so I proceeded with the elegant new in-place install. Once it completed and I restarted the client, I quickly moved over to the staking menu t...

BAND PROTOKOL ( BAND) Short Term Price Prediction ( GOING TO MOON SOON )

13 Jun 2020 1 minute read 2 comments skyislimit

BAND is one of the biggest competitions to CHAINLINK, if you miss the low buying chances then BAND is for you bcos it will go up soon a lot and it is a great coin to have it for the long term and staking around 15 -17 %.Let's look at BAND / USDT Dail...

6 DeFi Projects with Interesting (Token) Economics

5 Jun 2020 11 minute read 11 comments D3F1

DeFi (Decentralised Finance) is the hottest thing in crypto right now in 2020 and unlike the ICO bubble that lasted less than a year in 2017, it doesn’t look like the DeFi train is stopping anytime soon. This time it’s for real. (source) The chart a...

What is DeFi?

25 May 2020 7 minute read 8 comments CryptoJamm

DeFi is an acronym that stands for Decentralized Finance and is a movement that allows anyone to access traditional financial services such as borrowing, lending and trading without having to go through a central party. DeFi is one of the fastest gro...

The Band Protocol Token Has Formed Bullish BAT And Ready For Upto 44% Bullish Rally

11 May 2020 1 minute read 1 comment moon333

In my previous post of BAND with US dollar pair we have seen that on short term hourly based chart the BAND formed bullish Cypher pattern and as per prediction the priceline took a powerful bullish divergence from buying zone and produced more than 1...

Band Protocol (BAND) has completed 12% bullish setup By Forming Cypher

4 Apr 2020 1 minute read 0 comments moon333

Formation of bullish Cypher: This time on short term hourly chart the price action of Band Protocol (BAND) has formed bullish harmonic Cypher pattern and entered in potential reversal zone. Click here to visit tradingview for complete chart   Buying...