Band Protocol 
Protocol
Band Protocol’s main functionality is to bridge the gap between decentralized applications and real-world data while also ensure that data is accurate and trustworthy through economic incentives.
Binance 
Band Protocol BAND Rank 160 | USD Amount | - |
| BTC Amount | - |
| ETH Amount | - |
| Price | $7.34 |
| Market Cap | $258,327,711 |
| Fully Diluted Market Cap | $734,056,107 |
| BTC Price | 0.00018178 |
| ETH Price | 0.00281799 |
Band Protocol is a secure and scalable decentralized oracle, servingas a layer-2 protocol on public blockchains. It allows dApps to leverage existing data on the internet withouttrusted intermediaries, bridging the use cases between Web 2.0 and 3.0. Band’s unique multi-token model and stakingmechanism ensure that data is free from manipulation. By making data readily available and reusable on-chain, BandProtocol offers a cheaper and faster solution compared with alternatives, all without compromising security.Developers using Band Protocol will be able to build a wider range of dApps with integration to off-chain financialdata, reputation scores, identity management systems, and much more, bringing blockchain closer to massadoption.
Key Features and Highlights
- Band Protocol offers a unique approach to decentralized data oracle by making data readily available to bequeried on-chain, using delegated proof of stake to ensure data integrity. This offers many benefits:
- Decentralized economic incentive: data providers have economic and reputation at stake to remain honest actors.
- Cheap: over 50% cheaper than current decentralized alternative with much less gas consumed. Band’s smartcontracts are optimized for gas usage and require less than 30,000 gas to process a query call.
- Scalable: costs for data providers remain constant regardless of how many dApps are using the data. Once adatapoint is put on-chain, multiple smart contracts can consume the data without added cost to data providers.
- Fast, instant query: logic can be processed within one transaction, requiring 0 blockchain confirmation. Data isreadily available on blockchain so consuming data can be done synchronously within the same transaction.
- Easy deployment: dApps can integrate with Band Protocol using a few lines of code, with no major modification.Querying data on Band dataset is merely a function call on a predefined interface.
- Working products & traction: strong developer communities with live testnet and many developers have alreadystarted the integration on testnet.
-
Q3 2019
We implemented the initial oracle design for the Ethereum blockchain and have optimized it to only require 4 lines of Solidity code for developers to integrate. Additionally, we have built comprehensive developer documentation.
We’ve released price feed, sport event and lottery on-demand dataset on the Kovan testnet. This allows us to kickstart a developer community, bootstrap applications, and create prototypes to validate the design of our oracle protocol.
Onboarded partnerships with data providers in crypto space and traditional businesses. The first partnership was CertiK — with many more to be announced.
Decentralized token distribution through Binance Launchpad public sale. Drove awareness through airdrops and bounties.
Spotlighted BitSwing, the first dApp built using Band Protocol’s decentralized oracle with over 52,000 transactions within just 1 week after the release.
Mainnet launch on Ethereum ahead of the planned schedule.
-
Q4 2019
We will be launching a price feed dataset which enables DeFi apps to build on top of Band dataset on the Ethereum Mainnet. We will also roll out sports dataset soon after to support gaming and prediction market applications.
Organize Hackathons and developer events. Focus on developer support, we will complete a refined documentation and knowledge base.
We are penetrating all the major Asia’s blockchain hubs. We already have local communities built in Korea, China, Thailand, and Vietnam. Soon we will co-organize local events with fellow projects in the community and further drive adoption through hackathons, meetups, and conferences.
Throughout the rest of 2019, we will focus on the application and adoption of the decentralized oracle. Three verticals we are penetrating: decentralized finance, sport, and identity.
In 2020, we anticipate that more applications will be implemented on multiple blockchains. Hence, we will be releasing more details on the multi-chain protocol design and closely refine it with the community.
One of the key problems plaguing the dApp space is identity. We will be piloting the identity layer with dApps and trusted organizations.
Key Focus: Testing integration with existing dApps, developer community growth, and staking base
-
Q1 2020
On the development side, we will continue to drive adoptions and integration on Ethereum. At the same time, we are driving forward with the development of BandChain and cross-chain solutions on other major blockchains.
Launch identity dataset and pilot applications with financial institutions.
Start integrating BandChain to other layer-1 blockchains.
Initiate Developer Grant Program to curate dApps on Band ecosystem.
Key Focus: DApp tractions and oracle usages. Development on-track for BandChain.
-
Q2 2020
Complete security audit of BandChain and release its testnet.
Focus on integrating Band Protocol’s decentralized oracle infrastructure to all the prominent blockchain networks. Start migrating and onboarding new data providers to BandChain in preparation for the cross-chain data feed.
Maximize query revenue through optimizing query fee and number of transactions
Key Focus: Number of dApps consuming our oracle, total query fees, and value accrued to Band Protocol network.
-
Q3 2020
Launch of BandChain. Band token holders on Ethereum network will be able to migrate to the BandChain.
Onboard applications across multiple blockchains to use Band Protocol.
Key Focus: Security, number of dApps consuming our oracle, total query fees, and value accrued to Band Protocol network.
MoNoico 
Rank 160
Band Protocol BAND
| USD Amount | - |
| BTC Amount | - |
| ETH Amount | - |
| Price | $7.34 |
| Market Cap | $258,327,711 |
| Fully Diluted Market Cap | $734,056,107 |
| BTC Price | 0.00018178 |
| ETH Price | 0.00281799 |
Band Protocol’s main functionality is to bridge the gap between decentralized applications and real-world data while also ensure that data is accurate and trustworthy through economic incentives.
Band Protocol (BAND) is a cryptocurrency, the latest Band Protocol price is $7.34, up 6.56% in the last 24 hours. Band Protocol market cap is $258,327,711 with a 24h volume of $22,535,913. It has a circulating supply of 35,191,821 BAND and a total supply of 100,000,000 BAND. Band Protocol reached it's all time high on 17 April 2021 when it was trading at $23.16.
Band Protocol is a secure and scalable decentralized oracle, servingas a layer-2 protocol on public blockchains. It allows dApps to leverage existing data on the internet withouttrusted intermediaries, bridging the use cases between Web 2.0 and 3.0. Band’s unique multi-token model and stakingmechanism ensure that data is free from manipulation. By making data readily available and reusable on-chain, BandProtocol offers a cheaper and faster solution compared with alternatives, all without compromising security.Developers using Band Protocol will be able to build a wider range of dApps with integration to off-chain financialdata, reputation scores, identity management systems, and much more, bringing blockchain closer to massadoption.
Key Features and Highlights
- Band Protocol offers a unique approach to decentralized data oracle by making data readily available to bequeried on-chain, using delegated proof of stake to ensure data integrity. This offers many benefits:
- Decentralized economic incentive: data providers have economic and reputation at stake to remain honest actors.
- Cheap: over 50% cheaper than current decentralized alternative with much less gas consumed. Band’s smartcontracts are optimized for gas usage and require less than 30,000 gas to process a query call.
- Scalable: costs for data providers remain constant regardless of how many dApps are using the data. Once adatapoint is put on-chain, multiple smart contracts can consume the data without added cost to data providers.
- Fast, instant query: logic can be processed within one transaction, requiring 0 blockchain confirmation. Data isreadily available on blockchain so consuming data can be done synchronously within the same transaction.
- Easy deployment: dApps can integrate with Band Protocol using a few lines of code, with no major modification.Querying data on Band dataset is merely a function call on a predefined interface.
- Working products & traction: strong developer communities with live testnet and many developers have alreadystarted the integration on testnet.
-
Q3 2019
We implemented the initial oracle design for the Ethereum blockchain and have optimized it to only require 4 lines of Solidity code for developers to integrate. Additionally, we have built comprehensive developer documentation.
We’ve released price feed, sport event and lottery on-demand dataset on the Kovan testnet. This allows us to kickstart a developer community, bootstrap applications, and create prototypes to validate the design of our oracle protocol.
Onboarded partnerships with data providers in crypto space and traditional businesses. The first partnership was CertiK — with many more to be announced.
Decentralized token distribution through Binance Launchpad public sale. Drove awareness through airdrops and bounties.
Spotlighted BitSwing, the first dApp built using Band Protocol’s decentralized oracle with over 52,000 transactions within just 1 week after the release.
Mainnet launch on Ethereum ahead of the planned schedule.
-
Q4 2019
We will be launching a price feed dataset which enables DeFi apps to build on top of Band dataset on the Ethereum Mainnet. We will also roll out sports dataset soon after to support gaming and prediction market applications.
Organize Hackathons and developer events. Focus on developer support, we will complete a refined documentation and knowledge base.
We are penetrating all the major Asia’s blockchain hubs. We already have local communities built in Korea, China, Thailand, and Vietnam. Soon we will co-organize local events with fellow projects in the community and further drive adoption through hackathons, meetups, and conferences.
Throughout the rest of 2019, we will focus on the application and adoption of the decentralized oracle. Three verticals we are penetrating: decentralized finance, sport, and identity.
In 2020, we anticipate that more applications will be implemented on multiple blockchains. Hence, we will be releasing more details on the multi-chain protocol design and closely refine it with the community.
One of the key problems plaguing the dApp space is identity. We will be piloting the identity layer with dApps and trusted organizations.
Key Focus: Testing integration with existing dApps, developer community growth, and staking base
-
Q1 2020
On the development side, we will continue to drive adoptions and integration on Ethereum. At the same time, we are driving forward with the development of BandChain and cross-chain solutions on other major blockchains.
Launch identity dataset and pilot applications with financial institutions.
Start integrating BandChain to other layer-1 blockchains.
Initiate Developer Grant Program to curate dApps on Band ecosystem.
Key Focus: DApp tractions and oracle usages. Development on-track for BandChain.
-
Q2 2020
Complete security audit of BandChain and release its testnet.
Focus on integrating Band Protocol’s decentralized oracle infrastructure to all the prominent blockchain networks. Start migrating and onboarding new data providers to BandChain in preparation for the cross-chain data feed.
Maximize query revenue through optimizing query fee and number of transactions
Key Focus: Number of dApps consuming our oracle, total query fees, and value accrued to Band Protocol network.
-
Q3 2020
Launch of BandChain. Band token holders on Ethereum network will be able to migrate to the BandChain.
Onboard applications across multiple blockchains to use Band Protocol.
Key Focus: Security, number of dApps consuming our oracle, total query fees, and value accrued to Band Protocol network.