Band Protocol BAND
1. Summary
- Price
-
$1.26 -2.9%
- Market Cap
- $182.10M (#315)
- Supply
- 144.89M / 153.42M
- Description
-
The Band Protocol can be defined as software that is developed with the intention of incentivizing a network of users to provide real-world data to decentralized applications or dApps which run on varying blockchains.
The Band Protocol can be defined as software that is developed with the intention of incentivizing a network of users to provide real-world data to decentralized applications or dApps which run on varying blockchains.
It is important to note that the Band Protocol originally ran on the Ethereum blockchain, however, over time it managed to build its own blockchain using Cosmos to relay data across different blockchains.
The BAND Token Explained
Discussing the BAND token, the Band Protocol actually has an inflation schedule implemented to the cryptocurrency and over time the value of each token gets reduced. This is created this way due to the fact that it wants to encourage users to deposit their coins with validators. Furthermore, whenever a user deposits coins with a validator, they earn tokens that offset the inflation rate. This rate can be from 7% to 20% and it fluctuates depending on the total number of BAND which is deposited across validators. The target amount is to have two-thirds of all BAND tokens deposited with validators.
Moving this along, depositing coins with a validator is called staking and users that end up staking BAND earn newly minted tokens and fees from applications that end up using the service. BAND holders can stake their funds and get bonus tokens from an ecosystem fund. In other words, the Band Protocol rewards BAND holders that participate in maintaining the system.
Features of Band Protocol
The Band Protocol software is intended to handle requests for data from decentralized applications or dApps and relays the information through the usage of data fees from the rest of the internet and does so through its own blockchain. This also ensures that all of the transactions can be checked and validated publicly.
Discussing the validators, they are responsible for checking each transaction on the Band Protocol, specifically, their accuracy. Furthermore, they can add new transactions to the Band Protocol Blockchain. A validator can be in control of a number of BAND tokens that they can buy themselves or be delegated from another user. The top 100 candidates with the most BAND tokens are selected by the network and they become validators. The important thing to note here is the fact that they have to follow rules, such as ensuring that they do not go offline, responding to specific events, and most importantly of all, confirming the transactions with a high level of accuracy. This is due to the fact that if they do not follow these rules, the network can confiscate some of the BAND tokens that they hold, which could potentially make them lose their role as a validator.
Founders of Band Protocol (BAND)
Discussing the founders of the Band Protocol, it was founded by Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn in 2017.
Specifically, Soravis Srinawakoon serves the role of the CEO of the Band Protocol and is a former software engineer at Ericsson.
Furthermore, Paul Chonpimai is the CPO and is a former web developer at Turfmapp.
Additionally, Sorawit Suriyakarn fills the role of the CTO and formerly worked as a software engineer at Dropbox.
| Price | |
| 52W High price | $2.75 |
| 52W High date | 11th Mar 2024 (8 months ago) |
| All Time High (ATH) Date | 15th Apr 2021 (3 years ago) |
| ATH Price | $22.83 |
| % From ATH | -94.27% |
| All Time Low (ATL) Date | 25th Nov 2019 (4 years ago) |
| ATL Price | $0.20 |
| % From ATL | 541.85% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $11.32M |
| Total Supply | 153.42M |
| Circulating Supply | 144.89M |
BAND
How does Band Protocol's (BAND) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
12.4%
BAND
8.4%
Similar Market Cap
60 Day Return
11.6%
BAND
19.2%
Similar Market Cap
1 Year Return
-11.9%
BAND
217.8%
Similar Market Cap
We're monitoring 90 Band Protocol GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Band Protocol Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 0 commits vs. an average of 113
Most Active Repos
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 1182 |
| Past week | 63 |
|---|---|
| Past 12 weeks | 167 |
| Past year | 1015 |
| Past week | 4 |
|---|---|
| Past 12 weeks | 112 |
| Past year | 573 |
| Past week | 17 |
|---|---|
| Past 12 weeks | 51 |
| Past year | 186 |
| Past week | 48 |
|---|---|
| Past 12 weeks | 141 |
| Past year | 160 |
| Past week | 8 |
|---|---|
| Past 12 weeks | 27 |
| Past year | 109 |
Top Developers 2024
In total, 285 developers have contributed to Band Protocol over the past year. Who are the most active Band Protocol developers, by commits, over the past year?
Related Projects
Developers working on Band Protocol also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 6,688 |
|---|---|
| Active Reddit Users (past 24h) | 11 |
| Discord users | 4,800 |
| Active Discord Users | 253 |
| Telegram Users | 5,519 |
| Twitter followers | 134,949 |
-
blog.bandprotocol.com/band-protocol-is-dead-band-is-here/ Official
-
blog.bandprotocol.com/band-protocol-is-dead-band-is-here/ Official
-
blog.bandprotocol.com/band-protocol-is-dead-band-is-here/ Official
-
blog.bandprotocol.com/band-protocol-is-dead-band-is-here/ Official
-
blog.bandprotocol.com/band-protocol-is-dead-band-is-here/ Official
-
blog.bandprotocol.com/band-protocol-is-dead-band-is-here/ Official
-
blog.bandprotocol.com/band-protocol-is-dead-band-is-here/ Official
-
blog.bandprotocol.com/band-protocol-is-dead-band-is-here/ Official
-
blog.bandprotocol.com/bandvrf-enhances-zaar-chain/ Official
-
blog.bandprotocol.com/bandvrf-enhances-zaar-chain/ Official
-
blog.bandprotocol.com/bandvrf-enhances-zaar-chain/ Official
-
blog.bandprotocol.com/bandvrf-enhances-zaar-chain/ Official
-
blog.bandprotocol.com/bandvrf-enhances-zaar-chain/ Official
-
blog.bandprotocol.com/bandvrf-enhances-zaar-chain/ Official
-
blog.bandprotocol.com/bandvrf-enhances-zaar-chain/ Official
-
blog.bandprotocol.com/bandvrf-enhances-zaar-chain/ Official
-
blog.bandprotocol.com/bandvrf-enhances-zaar-chain/ Official
-
blog.bandprotocol.com/bandvrf-enhances-zaar-chain/ Official
-
blog.bandprotocol.com/bandvrf-enhances-zaar-chain/ Official
-
blog.bandprotocol.com/bandprotocol-soneium-oracle-integration/ Official
-
blog.bandprotocol.com/bandprotocol-soneium-oracle-integration/ Official
-
blog.bandprotocol.com/bandprotocol-soneium-oracle-integration/ Official
-
blog.bandprotocol.com/bandprotocol-soneium-oracle-integration/ Official
-
blog.bandprotocol.com/bandprotocol-soneium-oracle-integration/ Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://bandprotocol.com/ |
|---|---|
| Explorer | https://etherscan.io/token/0xba11d00c5f74255f56a5e... |
| @bandprotocol | |
| /r/bandprotocol | |
| Whitepaper | https://bandprotocol.com/whitepaper-3.0.1.pdf |
What is the correct contract address for Band Protocol?
| Energi | 0xb2ef65460bf71a05d59fdf5e8f114a32d445d164 |
|---|---|
| Fantom | 0x46e7628e8b4350b2716ab470ee0ba1fa9e76c6c5 |
| Ethereum | 0xba11d00c5f74255f56a5e366f4f77f5a186d7f55 |
Has Band Protocol been audited for security?
No security audits found for this project.
Are you the owner of Band Protocol? Edit it here
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.