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Band Protocol

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BAND
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1 BAND = 1.66 USD
Last updated 2024-04-23 14:18:37(UTC-0)

Band Protocol price live data summary

The live price of Band Protocol is $1.66 per (BAND / USD) today with a current market cap of $234.40M USD. The 24-hour trading volume is $4.44M USD. BAND to USD price is updated in real time. Band Protocol is +0.74% in the last 24 hours. It has a circulating supply of 141,357,400 .

What is the highest price of BAND?

BAND has an all-time high (ATH) of $23.19, recorded on 2021-04-15.

What is the lowest price of BAND?

BAND has an all-time low (ATL) of $0.2042, recorded on 2019-11-25.

Band Protocol price performance in USD

24h7d30d90d1yAll-time
+0.74%+17.49%-19.41%+3.35%-1.56%+252.78%

Band Protocol price history in USD

TimeLowHigh
24h$1.62$1.67
7d$1.36$1.67
30d$1.25$2.34
90d$1.25$2.83
1y$0.8814$2.83
All-time$0.2042(2019-11-25, 4 years ago )$23.19(2021-04-15, 3 years ago )

Band Protocol market information

Market cap
$234,400,286.61
+0.74%
Fully diluted market cap
$241,696,409.28
+0.74%
Volume (24h)
$4,438,875.25
-30.98%
Market rankings
Circulation rate
+96.00%
24h volume / market cap
0.0189
Circulating supply
141,357,400 BAND
Total supply / Max supply
145,757,409.36 BAND
-- BAND

Band Protocol ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Band Protocol Social Data

In the last 24 hours, the social media sentiment score for Band Protocol was 4, and the social media sentiment towards Band Protocol price trend was Bullish. The overall Band Protocol social media score was 95, which ranks 68 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,626,636 times, with Band Protocol being mentioned with a frequency ratio of 0.01%, ranking 282 among all cryptocurrencies.

In the last 24 hours, there were a total of 270 unique users discussing Band Protocol, with a total of Band Protocol mentions of 122. However, compared to the previous 24-hour period, the number of unique users decrease by 11%, and the total number of mentions has increase by 149%.

On Twitter, there were a total of 3 tweets mentioning Band Protocol in the last 24 hours. Among them, 67% are bullish on Band Protocol, 0% are bearish on Band Protocol, and 33% are neutral on Band Protocol.

On Reddit, there were 37 posts mentioning Band Protocol in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 28% . Additionally, there were 0 comments mentioning Band Protocol. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
4
Social score(24h)
95(#68)
Social contributors(24h)
270
-11%
Social mentions(24h)
122(#282)
+149%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
3
0%
Twitter sentiment(24h)
Bullish
67%
Neutral
33%
Bearish
0%
Reddit
Reddit score(24h)
37
Reddit posts(24h)
37
+28%
Reddit comments(24h)
0
0%

About Band Protocol(BAND)

What Is Band Protocol?

Band Protocol is a decentralized, cross-chain data oracle platform that plays a vital role in the blockchain ecosystem. Founded in 2017 by Soravis Srinawakoon, Sorawit Suriyakarn, and Paul Nattapatsiri, Band Protocol facilitates the seamless exchange of information between on-chain and off-chain data sources, thereby enhancing the functionality and reliability of DApps and smart contracts. Initially built on the Ethereum blockchain, it transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0 to leverage the benefits of lower gas fees and optimized costs.

Band Protocol stands as a beacon of innovation, offering a secure and scalable solution for data interoperability. Its mission is to foster the growth of Web3 by providing a decentralized oracle framework that connects real-world data sources to smart contract platforms. Through its unique features such as monetized data provision and real-time price information, Band Protocol is at the forefront of powering the decentralized oracles in the blockchain sphere.

Resources

Official Documents: https://docs.bandchain.org/

Official Website: https://www.bandprotocol.com/

How Does Band Protocol Work?

At the heart of Band Protocol's operations is BandChain, a dedicated public blockchain built using the Cosmos SDK, focusing on speed, scalability, and cross-chain compatibility. This blockchain is operated by a network of over 72 validators globally, ensuring decentralization and data accuracy. BandChain facilitates a two-layered decentralization approach, offering data flexibility through customizable oracle scripts in various programming languages, and a rapid block validation time averaging at 3 seconds, significantly enhancing the speed of data requests and processing.

Band Protocol operates through a synergistic ecosystem comprising data providers, a standard dataset aggregator, and a verifiable random function (VRF). This structure allows for a scalable interaction of functionalities, providing DApps with access to accurate, real-time off-chain data. The data request flow in BandChain involves a series of steps starting from publishing data sources and oracle scripts to initializing oracle script execution and aggregating validator reports to produce a final result.

What Is BAND Token?

BAND is the native token of Band Protocol. Validators use BAND tokens as collateral to verify real-world data sent to various blockchains, and they earn fees for their services. The token has a dual existence as an Ethereum-based ERC-20 token and a mainnet form, interchangeable at a 1:1 ratio, with the latter being stakable. BAND tokens are instrumental in network governance, with voting power proportional to the amount of staked tokens. The token operates on an inflationary supply model, encouraging users to actively participate in network activities and earn rewards, thereby fostering community growth and ecosystem development.

Band Protocol's Impact on Finance

Band Protocol is carving a significant niche in the data oracle sector, a critical component of the burgeoning DeFi ecosystem. By facilitating a secure and reliable data exchange between blockchains, it is strategically positioning itself as a vital tool in the scalability and growth of the financial sector. Its competitive edge lies in its low-cost and high-speed solutions, potentially outpacing its primary competitor, Chainlink, in the near future.

Band Protocol's introduction of monetized data provision and real-time price information is revolutionizing the way DApps access and utilize data, paving the way for more innovative and efficient financial products in the decentralized economy. Its commitment to fostering a truly decentralized and reliable data oracle provider is a testament to its potential to significantly influence the trajectory of the DeFi sector.

What Determines Band Protocol's Price?

In the dynamic and ever-evolving landscape of cryptocurrency markets, the price of decentralized data oracle networks like Band Protocol is influenced by a myriad of factors. As a pivotal player in the blockchain ecosystem, the Band Protocol price is often determined by the supply and demand dynamics prevalent in the cryptocurrency market. Investors and traders closely monitor the developments in the DeFi sector, as the integration of Band Protocol in various decentralized applications (DApps) and smart contracts can significantly influence its market valuation. Moreover, the utility and adoption rate of the BAND token, which serves as the backbone of the Band Protocol ecosystem, play a crucial role in determining its price.

Market sentiment is another powerful determinant in the fluctuating price of Band Protocol. In the cryptocurrency space, news, social media buzz, and community perceptions can have a substantial impact on the price trajectory of blockchain projects. For Band Protocol, partnerships with notable DApp projects and collaborations with other significant entities in the blockchain space can act as catalysts, potentially driving a surge in its price. Furthermore, the performance and developments in the broader cryptocurrency market, including the price movements of flagship cryptocurrencies like Bitcoin and Ethereum, often resonate with the price dynamics of altcoins, including the BAND token.

Investors eyeing the Band Protocol should also consider the technical advancements and updates within the BandChain. The scalability, speed, and cross-chain functionalities offered by Band Protocol are critical factors that can attract investments, thereby influencing its price. Additionally, the governance decisions made by the BAND token holders, and the overall health and activity within the Band Protocol network, are vital indicators of its potential price movements. As the Band Protocol continues to innovate and solidify its position as a reliable data oracle in the blockchain space, its price is expected to reflect its growth trajectory and contributions to the decentralized finance sector.

How to buy Band Protocol (BAND)

Buying Band Protocol on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Band Protocol (BAND) .

Trade BAND perpetual futures

After having successfully signed up on Bitget and purchased USDT or BAND tokens, you can start trading derivatives, including BAND futures and margin trading to increase your income.

The current price of BAND is $1.66, with a 24h price change of +0.74%. Traders can profit by either going long or short onBAND futures.

Join BAND copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or BAND tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Band Protocol.

What is the current price of Band Protocol?

We update our Band Protocol to USD price in real time. Get the live Price of Band Protocol on Bitget.

What is the 24 hour trading volume of Band Protocol?

Over the last 24 hours, the trading volume of Band Protocol is $4.44M.

What is the all-time high of Band Protocol?

The all-time high of Band Protocol is $23.19. This all-time high is highest price for Band Protocol since it was launched.

Can I buy Band Protocol on Bitget?

Yes, Band Protocol is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Band Protocol guide.

Can I get a steady income from investing in Band Protocol?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Band Protocol with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is use case of Band Protocol?

Band Protocol serves as a bridge between blockchain dApps and real-world data sources, crucial for DeFi applications like price feeds and weather data for insurance. It is cross-chain compatible, ensuring data reliability through validators. BAND is its native token, used for staking and governance. Band Protocol securely provides external data to blockchain smart contracts, enhancing their functionality.

Is Band Protocol a good investment?

Band Protocol provides an opportunity for cryptocurrency investors to diversify their portfolio by offering exposure to the decentralized oracle space, addressing key blockchain challenges like reliable data sourcing. Its strong fundamentals make it an appealing long-term investment choice. Additionally, BAND token holders can earn around 15.5% annual returns by delegating tokens to validators, enhancing its investment attractiveness.

What is Band Protocol price prediction?

Predicting the price of BAND, like many cryptocurrencies, is highly volatile and uncertain. However, several factors can influence its price trends: - Adoption of Band Protocol: The success of Band Protocol in partnering with data sources and attracting dApp developers can impact BAND's price. Greater adoption can increase demand for the token. - Market Outlook for dApps: A positive market outlook for decentralized applications (dApps) and web3 technology may drive investor interest in projects like Band Protocol, potentially supporting the BAND token's price. - Market Sentiment: Market sentiment among cryptocurrency enthusiasts can significantly affect token price movements. Positive sentiment can lead to price stability and growth for BAND.

Who founded Band Protocol?

Band Protocol was founded in 2017 by three co-founders: Sorawit Suriyakarn, Soravis Srinawakoon, and Paul Chonpimal. It initially launched on the Ethereum network in September 2019 but switched to Cosmos in June 2020. Sorawit Suriyakarn serves as the CTO, Soravis Srinawakoon as the CEO, and Paul Chonpimai as the CPO of the project.

How are the tokens of Band Protocol distributed?

During its token sale, Band Protocol raised $10.8 million. Out of the total token supply of 132,622,690 BAND: - 16.87% (22,370,000 BAND) was offered for sale. - 5% went to advisors. - 12.37% was sold during the launchpad sale. - 5% was sold in a private sale. - 10% was allocated to the seed round. - 25.63% was designated for the ecosystem. - 22% was retained by the Foundation. - 22% was allocated to the project's team.

What makes Band Protocol unique?

Decentralized applications face vulnerabilities at points where blockchain interfaces with the outside world. Chainlink and Band Protocol are two projects providing secure bridges, but Band Protocol stands out for switching to Cosmos, offering advantages like speed, scalability, cost-effectiveness, cross-chain compatibility, and data flexibility with various oracle scripts.
Cryptocurrency investments, including buying Band Protocol online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Band Protocol, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Band Protocol purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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BAND is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support BAND trades.
You can trade BAND on Bitget.

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