Band Protocol BAND
Report IssueBand Protocol is a secure and scalable decentralized oracle that serves as a layer 2 protocol on public blockchains. Band's unique multi-token model and staking mechanism ensures that data is not manipulated. Developers using Band Protocol will be able to build a wider range of dApps with integrations with autonomous financial data, identity management systems, reputation scores and more, bringing blockchain closer to mass adoption.
Details
$0.818
-3.62%
#290
Protocol
ByBit 
Binance 
Gate 
Score Sentiment Neutral
Fundraising Statistics
$0.82 -3.62%
$0.473
BANDBand Protocol
USDCUSD Coin
Short Review Band Protocol
Crypto project Band Protocol (BAND) is classified as a Protocol. Band Protocol is a Utility token that is hosted on the Ethereum Network. The current total supply is 129.35 M BAND (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of 5,850,000 ETH (27.37% of total tokens) have been allocated for the public sale. The level of social activity of the Band Protocol project is assessed as High.
Band Protocol ICO Overview
Public sale of tokens will take place on the Binance Launchpad. Estimated date for the public token sale: 17 September 2019. Band Protocol (BAND) price during the token sale: 0.473 USD. Min/Max Personal Cap: TBA / 300. You can purchase project tokens for BNB
BAND Price Chart
The launch of BAND token trading took place on 18 September 2019.
Fundraising Rounds
Total sold 27.37 M BAND tokens (0.27% of total tokens). Total amount of funds raised by the Band Protocol project is $10.85 M.
| Investment Round | Date | Price | Funds Raised |
| Binance Launchpad | September 16, 2019 | $0.473 | $5.85 M |
| Private Sale | August 2019 | $0.40 | $2.00 M |
| Seed Sale | October 2018 | $0.30 | $3.00 M |
Band Protocol Investors
Binance Tier 1
Sequoia Capital Tier 1
The Spartan Group Tier 2Detailed overview of Band Protocol (BAND)
Band Protocol is an oracle project that provides interaction between smart contracts and the regular network. The protocol is based on BandChain, built on the Cosmos-SDK. It is designed to provide a secure and fully decentralized oracle for Web 3.0 applications. The main goal of Band Protocol is to link smart contracts and off-chain data and guarantee the validity of data using tokens. This creates a reliable information bridge between Web 2.0 and Web 3.0.
The BAND token is native to the Band Protocol ecosystem. It is believed that validators use it as collateral when making data requests.
Band Protocol Project (BAND)
Soravis Srinawakoon and his colleagues created it in 2017. The project team is located throughout Asia. Designers, developers and engineers are involved in the work. Many popular participants such as Sequoia, Woodstock Foundation and Binance support the idea of Band.
Band Protocol (BAND) Benefits
- Easy. Band is said to provide permissionless oracle creation, allowing anyone to start serving data. It contains a really simple contract assimilation where developers will be able to use information from the Band protocol with a few lines of code. This feature is a big part of why this project deserves the attention of the crypto community.
- Speed and Scalable Since Cosmos uses Tendermint's core consensus engine, the entire system feels fast. This means that the protocol can send information quickly and easily. It is also scalable, meaning they can span an entire host.
Disadvantages of Band Protocol (BAND)
- Stagnate growth. Band Protocol now faces many young competitors who are eroding its image and hindering its growth.
- Limitations. All data requests and responses are processed through one blockchain - BandChain, which limits the maximum speed flow. There is an upper limit of one hundred nodes due to the limited scalability of the Tendermint BFT consensus. Here Band Protocol is mainly compared to Chainlink, which has an unlimited number of oracle networks.
