Buy Band Protocol (BAND)
What is Band Protocol?
Band Protocol is a decentralized oracle platform designed to connect blockchain smart contracts with real-world and off-chain data seamlessly. It fulfills a crucial need by enabling smart contracts to access external information, thus facilitating a range of blockchain applications.
How does Band Protocol work?
Band Protocol operates on its own blockchain known as BandChain, built with the Cosmos SDK to support cross-chain compatibility and interoperability. It utilizes a network of validators and delegators, working under a Delegated Proof of Stake (DPoS) consensus mechanism, to ensure data integrity and reliability. Validator nodes not only participate in block validation but also ensure accurate data relay to smart contracts using Band’s decentralized network.
What are the potential use cases for Band Protocol?
Band Protocol can be applied in various contexts, including:
- Decentralized Finance (DeFi): Provides accurate price feeds essential for lending, borrowing, and trading.
- Gaming: Offers verifiable randomness for fairness in game operations.
- Decentralised Exchanges (DEXs): Delivers real-time cryptocurrency price data.
- Prediction Markets: Supplies decentralized data verification.
- Supply Chain Management: Improves transparency with verifiable data points.
- Insurance: Facilitates accurate data for policy claims.
- Identity Verification: Ensures secure and verifiable data handling.
What is the history of Band Protocol?
Band Protocol was founded in 2017 by Soravis Srinawakoon, Paul Nattapatsiri, and Sorawit Suriyakarn, emerging from the premise of addressing data reliability issues in decentralized networks. Initially launched on Ethereum in 2017, it transitioned to its own BandChain using the Cosmos SDK in 2020, marking a significant upgrade to enhance scalability and cross-chain operations. Supported by notable investments from Binance Labs and Sequoia Capital, the protocol has continued to evolve with active community and institutional engagement.
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Frequently Asked Questions (FAQs)
What is the current price of Band Protocol (BAND)?
The Band Protocol price is $1.8992 AUD, representing a -2.62% from the day prior.
Where is the best place to buy Band Protocol (BAND) in Australia?
The best place to buy Band Protocol (BAND) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Band Protocol (BAND) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Band Protocol (BAND)?
The trading volume of Band Protocol (BAND) is $34.4M AUD in the last 24hrs, representing a -2.62% from the day prior.
How can I buy Band Protocol (BAND)?
Band Protocol (BAND) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Band Protocol (BAND)?
The current market cap of Band Protocol (BAND) is $294.1M AUD.
Can I convert Band Protocol (BAND) to cash?
Yes - With Coinstash you can convert your Band Protocol (BAND) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Band Protocol (BAND) are there?
The current circulating supply of Band Protocol (BAND) is 155.9M.
Is Coinstash a safe place to buy Band Protocol (BAND) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Band Protocol (BAND) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.