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Band Protocol

BAND

  • Oracle
  • Infra
Established Year
2018
Headquarter
Thailand
Operating Status
Active
Ecosystem
EthereumBNB ChainAvalancheFantomCronosOptimismOasisCeloAstarMoonriverCLVSecret NetworkOKCGodwokenMeterSei Network
Band Protocol is a cross-chain data oracle platform with the aspiration to build high-quality suites of web3 development products. Its flagship oracle solution aggregates and connects real-world data and APIs to smart contracts, enabling the development of smart contract applications such as DeFi, prediction markets, and games on-chain, without relying on the single point of failure of a centralized oracle.

Organisation

Financial Portfolio

Funding

IEO
0 Investors
$5.85 M

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    Frequently Asked Questions

    What Is Band Protocol (BAND)?

    Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources. By supplying reputable, verifiable real-world data to [blockchains](https://coinmarketcap.com/alexandria/glossary/blockchain), Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their [decentralized application (DApp)](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) logic, including sports, weather, random numbers, price feed data and more. Band Protocol initially launched as an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role. BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data.