Band Protocol is a cross-chain data oracle platform that supplies real-world data to on-chain applications and connects APIs to smart contracts. It enables the exchange of information between on-chain and off-chain data sources. Band Protocol allows developers to use any type of real-world data in their decentralized applications (DApps), including sports, weather, random numbers, and price feed data. It initially launched as an ERC-20 project on Ethereum but transitioned to the Cosmos network with the release of Band Protocol 2.0.

Band Protocol was founded in 2017 by Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn. Soravis Srinawakoon is the CEO, Paul Chonpimai is the CPO, and Sorawit Suriyakarn is the CTO. The team consists of 20 additional employees and is supported by major global investors, including Sequoia Capital, Dunamu & Partners, Spartan Group, and Binance.

Band Protocol is faster and more efficient than competing oracle solutions. It is compatible with most blockchain and smart contract development frameworks, allowing reliable data transfer between different blockchains. The platform offers permissionless oracle creation and simple smart contract integration, making it easy for developers to use data from Band Protocol oracles.

Read about Chainlink (LINK) — a competing Oracle provider built on Ethereum.

Learn about Cosmos (ATOM) — the blockchain which Band Protocol is built on.

Get up to speed on blockchain Oracles with BYDFi Alexandria.

Get the latest tips, tricks, and guides at the BYDFi blog.

Band Protocol released the BAND token through an initial exchange offering (IEO) on the Binance Launchpad. The total supply of BAND is capped at 100 million tokens, with just over 20% (20.49 million tokens) in circulation as of November 2020. 20% of the supply is allocated to the team, 5% to advisors, and 25.63% to the Band Protocol ecosystem. The projected emission rate suggests that 100% of the total supply should be in circulation by 2025 at the earliest.

BAND tokens were relaunched as native tokens on the Band Protocol mainnet (BandChain). The network is secured by a Byzantine fault Tolerance (BFT) consensus algorithm and a delegated proof of stake (dPOS) setup. BAND holders can earn staking rewards by delegating their stake to nodes. Holders of the older ERC-20 tokens can swap them for native tokens to participate in BAND staking.

BAND is listed on various platforms, including Binance, Coinbase Pro, and OKEx. The majority of BAND trading pairs are against Tether (USDT) and Bitcoin (BTC), but it can also be traded against fiat currencies like GBP, USD, and EUR on Coinbase Pro.

Band Protocol is a cross-chain data oracle platform that supplies real-world data to on-chain applications and connects APIs to smart contracts. It enables the exchange of information between on-chain and off-chain data sources, allowing developers to use various types of real-world data in their decentralized applications (DApps). Band Protocol launched as an ERC-20 project on Ethereum in September 2019 and transitioned to the Cosmos network in June 2020 with Band Protocol 2.0. BAND is the native token used for collateral by validators and as a medium of exchange on BandChain.

Band Protocol was founded in 2017 by Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn. The current CEO, Soravis Srinawakoon, has a background as a software engineer and management consultant. Paul Chonpimai, the CPO, is a former web developer and engineer. Sorawit Suriyakarn, the CTO, is a former software engineer and competitive programmer. Band Protocol has additional employees and is supported by major global investors.

Band Protocol stands out for its speed, efficiency, and compatibility with various blockchain and smart contract development frameworks. It aims to leverage Cosmos' Inter Blockchain Communication (IBC) protocol for cross-chain data transfer. Band Protocol offers permissionless oracle creation and simple smart contract integration, making it easy for developers to use data from Band Protocol oracles.

Band Protocol released the BAND token through an initial exchange offering (IEO) on Binance Launchpad. The total supply is capped at 100 million tokens, with over 20% in circulation as of November 2020. A portion of the supply is allocated to the team, advisors, and the Band Protocol ecosystem. By 2025, it is projected that 100% of the total supply will be in circulation.

BAND tokens were relaunched as native tokens on the Band Protocol mainnet (BandChain). The network is secured by a Byzantine fault tolerance (BFT) consensus algorithm and a delegated proof of stake (dPOS) setup. BAND holders can participate in staking and earn rewards by delegating their stake to nodes.

BAND is listed on various exchanges, including Binance, Coinbase Pro, and OKEx. It can be traded against Tether (USDT) and Bitcoin (BTC), as well as several fiat currencies such as GBP, USD, and EUR on Coinbase Pro.