BAND
BAND

Band Protocol price

$1.2710
-$0.02603
(-2.01%)
Price change from 00:00 UTC until now
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USD
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Market info
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Band Protocol market info

Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history
Market cap
$185.03M
Circulating supply
144,890,607 BAND
Market cap ranking
151
24h high
$1.3896
24h low
$1.2274
All-time high
$23.3270

Band Protocol price performance in USD

The current price of Band Protocol is $1.2724. Since 00:00 UTC, Band Protocol has decreased by -2.00%. It currently has a circulating supply of 144,890,607 BAND and a maximum supply of 153,226,202 BAND, giving it a fully diluted market cap of $185.03M. At present, Band Protocol holds the 151 position in market cap rankings. The Band Protocol/USD price is updated in real-time.
Today
-$0.02603
-2.01%
7 days
$0.22345
+21.30%
30 days
$0.15045
+13.40%
3 months
$0.21345
+20.15%

About Band Protocol (BAND)

3.8/5
Certik
4.5
11/11/2024
CyberScope
3.8
11/12/2024
TokenInsight
3.0
03/17/2023
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Band Protocol (BAND) helps blockchains and projects get access to real-world data via cross-chain oracles. The ecosystem supports smart contracts and application programming interfaces (APIs), allowing users to connect on-chain innovations with off-chain insights in a decentralized, serverless manner.

What is Band Protocol

Band Protocol is a decentralized Oracle solution designed to eliminate centralized data repositories. It operates as a Layer 2 solution on top of the Cosmos (ATOM)) blockchain, providing secure off-chain data to on-chain decentralized apps (dApps).

Originally launched on Ethereum in 2019, Band Protocol transitioned to the Cosmos chain in 2020, leveraging the Cosmos software development kit to power its native chain, BandChain.

The Band Protocol team

The Band Protocol team is led by Soravis Srinawakoon, who serves as the acting CEO. Other key members of the team include Paul Nattapatsiri as the CPO, Sorawit Suriyakarn as the CTO and Co-Founder, Sirada Lorhpipat contributing to Business Development, and Satawat Thitisupakul as a Software Engineer.

How does Band Protocol work

The Band Protocol ecosystem consists of two main participants: data providers and validators. Data providers gather oracle data from trusted on-chain sources and supply it to the protocol. Validators play a crucial role by verifying the authenticity of the data and feeding them into the relevant smart contracts for usage. Similar to other projects like Theta Network (THETA), Band Protocol boasts a dual-token system comprising BAND and Dataset tokens.

Band Protocol’s native token: BAND

BAND is the native token of the Band Protocol ecosystem. The tokens can be delegated to network validators, governance, and staking.

The total supply of BAND tokens is capped at 100 million. The token economics of BAND follows an inflationary model, which may be attributed to the minting of new tokens to incentivize and reward data providers and validators within the Band Protocol ecosystem.

How to stake BAND?

To stake BAND on the BandChain mainnnet, there are two options available: you can become a validator by running a node and actively participating in the network, or you can choose to become a delegator and delegate your BAND tokens to a validator of your choice. Regardless of the staking method you select, you will receive BAND tokens as rewards for your contribution to the Band Protocol ecosystem.

Alternatively, you may choose to stake BAND on OKX Earn. OKX Earn offers flexible BAND staking plans for an estimated one APY. Easily stake BAND on OKX Earn to begin receiving rewards. BAND can be unstaked at any time.

BAND use cases

BAND tokens offer various functionalities within the Band Protocol ecosystem. They act as collateral to ensure that data providers provide reliable data to the network. Additionally, BAND tokens grant holders the ability to participate in governance by voting on proposals. Furthermore, BAND tokens contribute to network security as holders have the option to delegate their tokens to validators, ensuring the integrity and stability of the network.

BAND distribution

BAND tokens are distributed as follows:

  • 25 percent to the Band foundation for the development of the protocol
  • 20 percent to the public sales
  • 23.5 percent to the team, with a vesting period
  • 21.5 percent as community engagement tokens
  • 10 percent to the ecosystem treasury

The current state of Band Protocol

Band Protocol places a strong emphasis on network security, utilizing Byzantine Fault Tolerance (BFT), delegated Proof of Stake (dPoS), and a robust network of validators to secure BandChain. It is recognized as a prominent player in the Oracle space, alongside projects like Chainlink (LINK). Furthermore, Band Protocol has established a collaborative partnership with Horizen (ZEN) as part of its off-chain data sourcing initiative.

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BAND FAQ

What is Band Protocol?

Band Protocol is a cross-chain oracle platform built on the Cosmos blockchain that allows users to pair on-chain dApps and smart contracts with real-world, off-chain data. At the heart of the ecosystem is its native token, BAND.

What are the benefits of Band Protocol?

Band Protocol allows ecosystem users to seamlessly pair accurate real-world data with decentralized finance (DeFi) applications. This enables the creation of various financial products such as synthetic assets, stablecoins, and loan collateralization solutions. Moreover, Band Protocol serves as a valuable tool for developing dApps and prediction markets, creating identity verification systems, and enhancing the receptiveness of Internet of Things (IoT) devices to real-world insights.

Where can I buy BAND?

Easily buy BAND tokens on the OKX TR cryptocurrency platform. OKX TR’s spot trading terminal offers the BAND/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for [Asset] with zero fees and no price slippage by using OKX TR Convert.

How much is Band Protocol worth today?
Currently, one Band Protocol is worth $1.2724. For answers and insight into Band Protocol's price action, you're in the right place. Explore the latest Band Protocol charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Band Protocol, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Band Protocol have been created as well.