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band
Band Protocol is a cross-chain data oracle network that delivers verifiable and reliable data to decentralized applications (DApps). It enables smart contracts to access real-world events, price feeds, and random numbers through APIs while maintaining secure and decentralized data.
This coin is available on Newton.
The protocol is built using the Cosmos SDK, allowing blockchain-agnostic integration and efficient blockchain development. By leveraging a delegated proof-of-stake consensus algorithm, Band Protocol provides secure data requests and on-chain validation.
Initially launched on Ethereum, Band Protocol transitioned to Cosmos with the introduction of Band Protocol 2.0. Known as BandChain, it enhances interoperability through IBC and enables validators to participate in Band by processing on-chain and off-chain data requests. Validators stake Band as collateral and earn a fee from transaction fees and query fees while securing the network. This decentralized data model supports DeFi applications and smart contract development across multiple blockchains.
The native BAND token plays a crucial role in the ecosystem, serving as the primary medium for transaction fees and staking. BAND holders can delegate their stake to validators and earn block rewards while contributing to network security. The supply of Band is distributed across validators, developers, and the Band Protocol ecosystem, offering a sustainable oracle network. The Band Protocol mainnet continues to expand, providing scalable and secure blockchain oracles like Band.
Band Protocol was founded by Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn, with experience from organizations like Boston Consulting Group, Turfmapp, and Quora. Their expertise in blockchain development and decentralized finance has driven Band Protocol’s growth and innovation. With the latest Band Protocol updates, including Band V3, the platform continues to enhance smart contract functionality and real-time data integration. Band Protocol markets are expanding as more DeFi projects and crypto exchanges adopt its oracle network.
The latest price of Band Protocol and market value reflect its role as a popular cryptocurrency in decentralized finance. The live price of Band fluctuates based on supply and demand, with updates available across major crypto exchanges. A comprehensive price chart provides insights into the latest Band Protocol trends over the last 24 hours. As DeFi evolves, Band Protocol’s decentralized data solutions remain crucial for providing secure, real-time blockchain applications.
Band Protocol works as a decentralized oracle network that connects smart contracts with data from external sources. Data providers use a public API to submit information, paying a fee to have their data published on BandChain. Oracles act as intermediaries, verifying the data for accuracy and reliability before making it available to a dApp. This process allows BandChain to provide trusted information to multiple blockchain networks.
A community of validators secures the network through a delegated proof of stake system. Validators aggregate and verify data using a BFT consensus model to maintain accuracy and prevent manipulation. Since BandChain is based on Cosmos, it benefits from a state-of-the-art SDK and efficient development frameworks. This structure enhances scalability and interoperability with other blockchains.
BandChain allows efficient access to real-time data by enabling smart contracts to query verified sources. The Band Protocol oracle processes requests, retrieves data from external providers, and delivers it securely. Developers can integrate this data into their dApps without relying on centralized entities. This system maintains decentralized and tamper-proof information flow.
The native token, BAND, is essential for payments and governance within the ecosystem. BAND token supply is structured to maintain network stability, and a portion was initially distributed through an initial exchange offering. Currently, 25.63 percent is allocated to the Band Protocol ecosystem to support innovation. BAND can also be used as collateral in various blockchain applications.
Users can grow their Band holdings by staking their tokens with validators, earning rewards through the delegated proof of stake model. Instead of just holding tokens, users actively contribute to securing the Band Protocol oracle. This mechanism strengthens the network while providing long-term value in the cryptocurrency space.
Band Protocol uses decentralized oracles to deliver external data to blockchain applications. Key aspects include:
BandChain is a blockchain designed specifically for processing oracle data and serving smart contracts. Key features include:
Band V3 is the latest upgrade to the Band Protocol ecosystem, improving its efficiency and security. Enhancements include:
Band Protocol is integrated with Cosmos to provide reliable oracle data across multiple blockchain applications. Key aspects include:
Band Protocol (BAND) has several important uses in the cryptocurrency and blockchain space. As a staking token, it helps secure Band’s network by allowing validators to process transactions and add new blocks. Validators need to stake BAND tokens to participate, which keeps the system decentralized and reliable. In return, they earn rewards in BAND, making staking a great way to contribute to the network.
Another key use of Band’s token is for paying data request fees. Decentralized applications (dApps) depend on Band’s oracle services to pull real-world data, like cryptocurrency prices or weather updates. These dApps pay validators in BAND tokens to fetch, verify, and deliver accurate information to smart contracts. This allows blockchain applications to always have access to trustworthy, up-to-date data.
Band also allows token holders to participate without running their own validator. Users can delegate their BAND tokens to existing validators, earning a portion of the staking rewards. This Delegated Proof of Stake (DPoS) system makes staking accessible to more people and strengthens the network’s security. It also adds BAND utility by encouraging more users to hold and stake their tokens.
The protocol’s tokenomics are designed to keep the network running smoothly. BAND tokens are issued at an annual rate of 7% to 20% to support staking and maintain network security. By having at least two-thirds of the supply staked, Band Protocol keeps its oracle network reliable. This model provides ongoing incentives for both validators and delegators.
At its core, Band Protocol is all about making decentralized applications more functional and secure. It supports staking, delegation, and real-time oracle services for dApps. Adding BAND to your portfolio isn’t just about investment—it’s a way to take part in the growing DeFi and blockchain ecosystem. Whether you’re a validator, delegator, or developer, Band Protocol plays a crucial role in making Web3 work.
Band Protocol is a decentralized oracle platform that helps blockchain applications access reliable external data. It was founded in 2017 by Sorawit Suriyakarn, Paul Nattapatsiri, and Soravis Srinawakoon, who saw a major problem—smart contracts couldn’t easily pull in real-world information. Existing oracles weren’t always reliable, so they set out to build a better solution. Their answer was a decentralized system powered by a unique consensus mechanism called Proof of Authority Delegated (PoAD).
To make this work, Band Protocol uses a network of trusted validators who check and verify data before it reaches the blockchain. These validators earn rewards in the platform’s native token for keeping things accurate and secure. Unlike other oracles that rely on heavy computation, Band Protocol focuses on efficiency and decentralization. This approach quickly gained attention, helping the project stand out in the growing blockchain space.
In 2019, Band Protocol held an initial coin offering (ICO), quickly securing funding to support its growth and accelerate development. This led to the launch of their mainnet in June 2020, marking a significant milestone. The launch enabled developers to seamlessly integrate external data into smart contracts on networks like Ethereum and Binance Smart Chain. With this advancement, Band Protocol established itself as a key player in the blockchain oracle space.
Over the years, the project has built strong partnerships with major blockchain platforms, including Binance, ICON, and Elrond. It also teamed up with Polkadot and Cosmos to expand its services across different networks. Band Protocol’s technology is now being used in real-world applications like supply chain management, gaming, and decentralized finance (DeFi). These partnerships and use cases have cemented its reputation as a leading oracle solution.
Today, Band Protocol continues to grow, driven by a strong team and an active community. Its ability to provide fast, accurate, and decentralized data has made it a trusted tool for developers worldwide. By solving the oracle problem, it has become an essential part of blockchain infrastructure. With new developments and collaborations on the horizon, Band Protocol is set to play an even bigger role in the future of decentralized technology.
Band Protocol markets refer to trading platforms where BAND tokens are bought and sold. Important details include:
The price chart for Band Protocol tracks its market movements over the last 24 hours and beyond. Key insights include:
Oracles are a crucial component of Band Protocol, enabling smart contracts to access real-world data securely. Their functions include:
You can keep BAND in a personal wallet or on a platform that supports it. Some people prefer wallets for extra security, while others go for convenience. Where and how BAND moves can change depending on the platform.
Some platforms let you stake BAND, which means setting aside tokens to participate in the network. Each platform has its own rules, so the process and any potential benefits can vary. It’s good to check the details before getting started.
You might be able to use BAND for purchases, depending on where you shop. Some businesses accept crypto payments, but it’s always a good idea to check first. Also, keep an eye on any transaction fees that might apply.
BAND can be sent between digital wallets using the blockchain. Just enter the recipient’s wallet address, double-check the details, and confirm the transaction. Fees and wait times depend on network activity at the time.
If you want to donate BAND, some organizations accept it as a form of support. You just need to send it to their wallet address like any other crypto transaction. Not all charities take crypto, so it’s worth checking first.
BAND can be traded for other cryptocurrencies on certain platforms. The options depend on what the exchange supports and how much liquidity is available. If you’re looking to swap, make sure the platform has the trading pair you need.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Buying Band Protocol (BAND) from private sellers or unregulated sources comes with risks. Without a recognized platform, verifying the legitimacy of the seller can be difficult, which increases the chance of encountering fraud or scams. Since this method does not involve oversight, careful consideration is important before proceeding with such transactions.
Using a regulated platform like Newton provides a structured way to purchase Band Protocol (BAND). Payment methods such as e-Transfers and wire transfers are available, making the transaction process accessible. Newton also provides live price tracking, general market data, and access to over 70+ cryptocurrencies, allowing users to view different digital assets in one place.
Newton offers real-time BAND pricing, allowing users to track market changes as they happen. Buying and selling rates can be viewed before making a transaction. Keeping up with price updates provides insight into current market conditions.
Newton provides security features designed to help protect accounts and digital assets. Multi-factor authentication, login activity tracking, and anti-phishing codes add extra layers of protection. Users can also manage trusted devices as an added security measure.
Newton makes it affordable to buy and sell BAND, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Newton can be accessed on both desktop and mobile devices, allowing users to view BAND holdings from different locations. Balances, market activity, and transactions can be checked whether at home or on the move. The platform is designed to function across different screen sizes.
Newton’s platform is designed to offer a straightforward experience for tracking BAND prices and managing transactions. The interface allows users to navigate markets, check balances, and review transaction history. A structured layout helps make platform features easy to access.
Newton is a Canada-based cryptocurrency platform that supports BAND along with other digital assets. The platform provides access to digital asset trading for users across the country. As a Canadian platform, it operates under local regulations and compliance standards.
To buy BAND on Newton, you’ll need to create an account. This involves signing up with an email, setting up security features, and verifying your identity. Once your account is ready, you’ll have access to the platform’s available features.
Before you can buy BAND, you’ll need to add funds to your Newton account. You can deposit funds using Interac e-Transfer or wire transfer in CAD. The platform will guide you through the process step by step.
Once your funds are available, you can place an order for BAND. Newton shows the current price at the time of purchase, so you’ll know exactly how much you’re paying. Since prices change, the rate you see when you buy is the one that applies.
BAND is one of the many cryptocurrencies available on Newton. You can find it by searching or browsing through the platform’s asset list. It’s listed alongside Bitcoin, Ethereum, and other digital assets.
You can decide how much BAND you want to buy by entering either a specific number of tokens or an amount in CAD. Newton automatically calculates the total cost based on the current rate, so you can review everything before moving forward.
Before completing your purchase, review your transaction. Take a quick look to make sure everything looks right, then confirm your order. Once the purchase is processed, BAND will be added to your account, ready for you to manage however you like.
Using a personal wallet allows you to manage your BAND tokens independently. Access is tied to private keys, which only you hold, meaning no third party controls your tokens. However, if private keys are lost, recovering access may not be possible, so keeping them stored securely is important.
BAND can also be stored in a Newton account, which includes various security features. These may include multi-factor authentication, login history tracking, and options for managing trusted devices. Newton also offers anti-phishing protections and other tools designed to help users monitor their accounts.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Band Protocol, please see our Asset Statement.
