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Band Protocol

BAND

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About Band Protocol

Band is a cryptocurrency that describes itself as “a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts.” Band allows blockchains to access data, such as stock prices and weather, that are available via API. Note: Coinbase only supports the Band token running on Ethereum (ERC-20).

Band Protocol is a cross-chain data oracle platform that aims to connect real-world data and APIs to smart contracts. It intends to facilitate the exchange of information between on-chain and off-chain data sources, thereby unlocking a myriad of new use cases for developers. Band Protocol can incorporate any type of real-world data into decentralized application logic, including sports, weather, random numbers, price feed data, and more. The native token of the Band Protocol ecosystem, BAND, is used as collateral by validators involved in fulfilling data requests and as the main medium of exchange on BandChain.

Band Protocol operates by supplying reputable, verifiable real-world data to blockchains. It initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role. Band Protocol aims to leverage Cosmos' still in-development Inter Blockchain Communication (IBC) protocol to achieve its cross-chain data transfer.

Band Protocol aims to unlock a range of new use cases for developers to explore. Developers can use any type of real-world data as part of their decentralized application logic, including sports, weather, random numbers, price feed data, and more. This flexibility allows for the creation of custom-made oracles using WebAssembly to connect smart contracts with traditional web APIs within minutes. Band Protocol's oracle design also allows anyone to start servicing data requests, offering extremely simple smart contract integration.

Band Protocol was founded in 2017 by Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn. The platform is supported by major global investors, including Sequoia Capital, Dunamu & Partners, and Spartan Group. The Band Protocol LinkedIn page currently lists a total of 20 additional employees, most of whom are scattered throughout Asia, and include designers, developers, and engineers.

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Market

Market stats

Market cap

$184.9M

Volume (24h)

$10.8M

Circulating supply

153.3M BAND

Typical hold time

18 days

Popularity

#284

All time high

$23.00

Market performance

Price change (1h)

+0.38%

Price change (1d)

-7.9%

Price change (1w)

+4.86%

Price change (2w)

+4.57%

Price change (1m)

+6.09%

Price change (1y)

-11.62%

Market benchmarks

Performance (1Y)

-17.43%

Vs. Market (1Y)

-60.82%

Vs. BTC (1Y)

-68.08%

Vs. ETH (1Y)

-46.81%

Social

Some highlights about Band Protocol on social media

716 unique individuals are talking about Band Protocol and it is ranked #787 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Band Protocol has an average sentiment score of 3.5 out of 5. Finally, Band Protocol is becoming more newsworthy, with 0 news articles published about Band Protocol. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Band Protocol. There were 84.62% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Band Protocol. 15.38% of tweets were neutral about Band Protocol. These sentiments are based on 52 tweets.

On Reddit, Band Protocol was mentioned in 94 Reddit posts and there were 176 comments about Band Protocol. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

716 people

Posts

38 posts

Dominance

0.03%

Volume rank

#787

Average Sentiment

3.5 out of 5

Twitter

Reddit

Posts

94

Comments

176

Post Score

117

Comment Score

126

Coinbase Bytes

Coinbase Bytes

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Band Protocol is on the rise this week.

The price of Band Protocol has increased by 0.38% in the last hour and decreased by 7.90% in the past 24 hours. Band Protocol’s price has also risen by 4.86% in the past week. The current price is $1.20 per BAND with a 24-hour trading volume of $10.80M. Currently, Band Protocol is valued at 94.77% below its all time high of $23.00. This all-time high was the highest price paid for Band Protocol since its launch.

The current circulating supply of Band Protocol is 153,264,148.697 BAND which means that Band Protocol has as total market cap of 153,264,148.697.

FAQ

What is the current price of Band Protocol?

We update our Band Protocol to USD currency in real-time. Get the live price of Band Protocol on Coinbase.

What is the market cap of Band Protocol?

The current market cap of Band Protocol is $184.95M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Band Protocol?

The all-time high of Band Protocol is $23.00. This all-time high is highest price paid for Band Protocol since it was launched.

What is the 24 hour trading volume of Band Protocol?

Over the last 24 hours, the trading volume of Band Protocol is $10.80M.

What other assets are similar to Band Protocol?

Assets that have a similar market cap to Band Protocol include PayPal USD, SushiSwap, Storj, and many others. To see a full list, see our comparable market cap assets.

How many Band Protocol are there?

The current circulating supply of Band Protocol is 153 million.

What is the typical holding time of Band Protocol?

The median time that Coinbase customers hold Band Protocol before selling it or sending it to another account or address is 18 days.

What is the relative popularity of Band Protocol?

Band Protocol ranks 110 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Band Protocol?

Currently, 80% of Coinbase users are buying Band Protocol. In other words, 80% of Coinbase customers have increased their net position in Band Protocol over the past 24 hours through trading.

Can I buy Band Protocol on Coinbase?

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