Market Data & Token Stats
| Fully Diluted Valuation | $38.67M |
|---|---|
| 24H Trading Volume | $3.64M |
| 24H Low / High | $0.2209 / $0.2297 |
| Circulating Supply | 175.54M |
| Total Supply | 175.54M |
| Max Supply | ∞ |
Market Health Signals
| Vol / MC Ratio | 9.42% Fair |
|---|---|
| Circulating Ratio | 100.00% Very High |
Key Project Information
| Categories | Decentralized Finance (DeFi) 9 more |
|---|---|
| Founder | Soravis Srinawakoon 2 more |
| Website | bandprotocol.com |
| Socials | 6 more |
| Chains | Ethereum Ecosystem 3 more |
| Explorer | Mintscan 6 more |
| Contracts |
0xba1....d7f55
3 more
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$band Markets
| Name | Pair | OG Score |
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About Band
Band Protocol, founded in 2017, emerges as a revolutionary player in the blockchain space. Launched initially as an ERC-20 project on the Ethereum blockchain in September 2019, Band Protocol soon transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. This decentralized cross-chain data oracle platform has a unique purpose: to aggregate and connect real-world data and APIs to smart contracts, thereby enhancing the practicality and efficiency of blockchain technologies.
At the heart of Band Protocol is BandChain, an independent Delegated Proof-of-Stake (DPoS) blockchain built using the Cosmos SDK, tailored for oracle computations including data sourcing, settlement and aggregation. Validators on this blockchain stake BAND, the network's native token, to secure the network and earn a portion of the protocol’s fees. The introduction of BandChain marked a significant milestone, enabling decentralized oracles for blockchain applications.
What sets Band Protocol apart is its intuitive request interface for decentralized applications (DApps), facilitating the seamless acquisition of real-world data through a static smart contract function. This process does not incur substantial gas costs, making it economically viable. The integrity and reliability of data are upheld through a token holder incentive system, where the value of BAND is directly related to the data sets managed. This structure ensures a higher degree of data accuracy and trustworthiness, essential for applications relying on external data like price feeds for decentralized exchanges or weather data for insurance contracts.
Band Protocol is not just an oracle service; it's a bridge connecting the blockchain world (Web 3.0) with traditional web services (Web 2.0), fostering secure interoperability and data integrity. Its versatility, cross-chain compatibility and secure, reliable data handling make it an indispensable tool in the DeFi sector and beyond. The journey of Band Protocol, from its conception to its status, underscores its commitment to bringing trusted, decentralized data solutions to the forefront of blockchain technology.
What is unique about Band (BAND)?
Band Protocol stands out for its ability to connect real-world data and APIs to smart contracts, offering an intuitive interface for DApps and efficient data acquisition, all on its independent blockchain, BandChain.
Who are the founders of Band (BAND)?
Band Protocol was founded by Soravis Srinawakoon (CEO), Sorawit Suriyakarn (CTO) and Paul Nattapatsiri (CPO).
Who are the backers/investors of Band (BAND)?
Band Protocol has many investors and backers such as Binance Labs, The Spartan Group, Sequoia Capital, ZBS CAPITAL, Woodstock Fund, Arche Fund, Evernew Capital, Dunamu & Partners, ICONIUM and SeaX Ventures.
What is the consensus mechanism of Band (BAND)?
Band Protocol utilizes a Delegated Proof-of-Stake (DPoS) consensus mechanism on its BandChain blockchain.
Where can I buy Band (BAND)?
You can buy Band (BAND) on Binance, Coinbase, Gate.io, OKXKraken cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the Band Official Website, Band GitHub Repository and Band X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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