Band Protocol Logo

Band Protocol BAND

Band Protocol header image

1. Summary

Ranks

Liquidity
Developer
Social
Momentum (beta)
Stack Rank™
Price
52W High price $10.89
52W High date 7th Sep 2021 (9 months ago)
All Time High (ATH) Date 15th Apr 2021 (1 year ago)
ATH Price $22.83
% From ATH -94.07%
All Time Low (ATL) Date 25th Nov 2019 (2 years ago)
ATL Price $0.20
% From ATL 565.11%
Supply & Trading Volume
Trading Volume (24h) $15.59M
Total Supply 100.00M
Max Supply 100.00M
Circulating Supply 41.59M
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.

1.1 Insights

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2. Price

BAND/USD

2.1. Market Performance

How does Band Protocol's (BAND) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-12.6%

BAND

-14.5%

Similar Market Cap

60 Day Return

-58.3%

BAND

-54.1%

Similar Market Cap

1 Year Return

-74.3%

BAND

48.4%

Similar Market Cap

3. Developer Activity

We're monitoring 67 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: 7 commits vs. an average of 4
  • Past 12 weeks: 22 commits vs. an average of 21
  • Past year: 965 commits vs. an average of 403

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 2022

In total, 208 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.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 6,539
Active Reddit Users (past 24h) 26
Discord users 4,429
Active Discord Users 273
Telegram Users 7,882
Twitter followers 131,680
5. News
6. Investment

Investors

Who are the funds and individuals that invested in Band Protocol?

Funding Rounds

Band Protocol has raised $7.9M across 5 funding rounds, between February 2019 and September 2019.

Amount / Round Date Investors
$5.9M / Seed 2 years ago 1
- / Seed 2 years ago 1
- / - 3 years ago 1
$2.0M / Seed 3 years ago 4
- / Seed 3 years ago 4
$5.9M / Seed 2 years ago 1
- / Seed 2 years ago 1
- / - 3 years ago 1
$2.0M / Seed 3 years ago 4
- / Seed 3 years ago 4
7. More Information

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...
Twitter @bandprotocol
reddit /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

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