BAND is the original token of the Band Protocol environment, and it is used as security by verifiers that fulfill data requests, as well as the primary means of exchange on BandChain for covering the cost content. The current Band Protocol price is $10.79 USD, with a 24-hour trading volume of $87,923,371 USD. Our BAND to USD pricing is changed in legit.
In the previous 24 hours, Band Protocol has increased by 6.40 percent. With a live market cap of $379,682,778 USD, the current CoinMarketCap ranking is #161. There are 35,191,821 BAND coins in circulation, and the total production is unknown.
About Band Protocol BAND
Band Protocol is a cross-chain data oracle system that can take hard numbers and deliver them to on-chain apps, as well as connect APIs to intelligent servers to make information flow between on-chain and off-chain information sources easier.
Band Protocol was initially published as an ERC-20 project on the Ethereum blockchain in September 2019, but was transferred to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new method is implemented on BandChain and the Cosmos SDK. Oracle nodes on BandChain serve a dual role, transmitting info as well as producing and validating blocks.
What is Band Protocol BAND?
Band Protocol is intended to provide trustless oracle generation, allowing anyone to begin serving data requests. It also provides incredibly easy smart contract integration, helps developers to begin leveraging data from Band Protocol oracles with just a few more program codes by acting on a standardized interface.
Who Are the Founders of Band Protocol BAND?
Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn created the band Protocol back in the year 2017. The Band Protocol LinkedIn page presently shows a total of 20 additional workers, most of whom are based in Asia and include designers, developers, and engineers, in addition to the initial team. Sequoia Capital, Dunamu & Partners, Spartan Group, and Binance are among the prominent worldwide investors who have backed the platform.
What Makes Band Protocol BAND Unique?
Band Protocol is meant to be faster and more efficient than rival oracle solutions, as well as compatible with the majority of blockchain and smart contract development frameworks, ensuring that trustworthy data can be supplied to and from many blockchains.
Band Protocol intends to use Cosmos' still-under-development Inter Blockchain Communication (IBC) protocol to achieve cross-chain data transfer. It is questionable approximately how will long it take as such for IBC to be functional and readily available for customer consumptions.
Where Can You Buy Band Protocol BAND?
CoinMarketCap started tracking upon BAND public exchanges back in September of this year. It has been registered on a multitude of formats since then, including major tier 1 exchanges like Binance, Coinbase Pro, and OKEx. The vast bulk of BAND currency pairs are against Tether (USDT) and Bitcoin (BTC), although BAND may also be exchanged versus numerous fiat currencies on Coinbase Pro, inclusive of GBP, USD, and EUR.
Frequently Asked Questions About Band Protocol BAND
How Many Band Protocol BAND Coins Are In Circulation Currently?
The quantity supplied of BAND tokens is restricted to 100 M. By the time of November 2020, considerably upwards of around 20% i.e. (20.49M coins) were up for safe circulation.
What Security Measures Does the Band Protocol BAND Take?
A Byzantine fault Tolerance (BFT) consensus algorithm secures BandChain and protects it from attackers. This can be used in conjunction with a dPOS (delegated proof of stake) configuration.
On What Factors Does The Price Of The Band Protocol BAND Depend?
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact BAND’s price and market cap.
Conclusion
After elevating up to 100% in just a matter of a certain transitional month, cryptocurrencies have suffered an intense depreciation due to their vulnerable market nature. Band Protocol BAND tokens have been increased to a new all-time high of almost $10.79 U.S Dollars per token, despite the recent fluctuation and uncertainty factor the trading market is going along. BAND has perfectly bound and bind the cryptocurrency transactions via its exceptional features for generations to cherish.
Band Protocol BAND Official Website –https://bandprotocol.com/
Band Protocol BAND Twitter –https://twitter.com/bandprotocol
Band Protocol BAND Reddit –https://reddit.com/r/bandprotocol
Band Protocol BAND Medium –https://medium.com/bandprotocol
