Band Protocol price

in USD
$0.62030
-$0.01710 (-2.69%)
USD
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Market cap
$101.78M
Circulating supply
164.03M / 164.06M
All-time high
$23.3270
24h volume
$9.88M
3.4 / 5

About Band Protocol

DeFi
CertiK
Last audit: Aug 1, 2019, (UTC+8)

Band Protocol’s price performance

Past year
-49.70%
$1.23
3 months
-19.57%
$0.77
30 days
+3.52%
$0.60
7 days
-15.23%
$0.73
78%
Buying
Updated hourly.
More people are buying BAND than selling on OKX

Band Protocol on socials

Tim Haldorsson
Tim Haldorsson
Anoma has built a strong ecosystem that is connected to their web3 0S stack Below is a deep dive into the @anoma builder program and a short description of many of them.
zerokn0wledge.hl 🪬✨
zerokn0wledge.hl 🪬✨
Anoma Ecosystem Overview Far beyond 100 teams joined @anoma's builders program that was launched earlier this year for devnet builders. End of march, Anoma then chose a first cohort of teams to be to part of the "Intent Initiates". This includes a total of 23 projects, building apps, infrastructure, solver systems, and much more. Let's have a look: - Encifher: Creates a compliant privacy engine for DeFi that enables dApps to add confidential computation features, and plans to use Anoma to build a confidential DEX. - T+: A decentralized brokerage that will use Anoma to research and create custom settlement models for exotic financial products. - Adamik: Provides a chain-agnostic API for enterprises to connect with blockchains and will extend this API to allow for reading and writing intent-based transactions. - Epoch Protocol: Acts as a universal coordination layer that deconstructs user intents into smaller parts and coordinates AI agents and solvers to find the best solution. - Fairblock: A decentralized computer for secure confidential computations that will work with Anoma to create a customizable, user-controlled confidential auction system. - Tetrics: An intent-based options liquidity layer that aims to enable trading without capital loss and leverage without liquidation, using Anoma to build a private options exchange. - MetaSig Wallet: Develops wallet technology that allows users to seamlessly initiate, sign, and verify intents directly from their wallet to improve DeFi user experience. - Orda: A payment orchestration company that will use Anoma's architecture to build a more efficient, API-based payment system leveraging novel solver techniques. - Predicate: Provides censorship-resistant infrastructure for creating on-chain rules, allowing Anoma solvers to apply custom risk management and compliance checks before executing orders. - Knowable: A team of network operators that will enhance the Anoma ecosystem by providing analytics, educational materials, and community tools like a new intent explorer. - Sprinter: An interoperable intent execution engine designed to make multi-chain interactions feel seamless, which will contribute to Anoma's initial solver technology. - Max Lomu: A project developing a no-code platform that allows non-technical users to deploy their own autonomous, non-custodial solvers by simply selecting from a list of modules. - Concordance: Develops tools to help developers build transparent, serverless applications that can easily interface with data across the application stack. - Linera: A protocol using "microchains" for low-latency interactions that is collaborating with Anoma to research ways to incorporate Anoma's Resource Machine into its architecture. - TerraTwin: A platform that creates verifiable ecological credits by linking physical landscapes to digital twins, using Anoma's Resource Machine to manage tokenized environmental assets. - Any: A private communication network that will use Anoma's intent layer to allow unknown parties to connect and make deals securely and privately. - Fluton: A gateway for instant cross-chain swaps that will use Anoma's generalized intents to enable more complex actions like cross-chain NFT swaps. - HeyElsa: An AI agent hub that simplifies crypto asset management using natural language and is exploring using Anoma's infrastructure to efficiently solve user intents. - Mycel: Building the first privacy-preserving, cross-chain order book DEX, which is powered by Anoma's intent-centric architecture for seamless trading. - Poetic Technologies: Develops secure software and hardware for Trusted Execution Environments (TEEs) and is exploring how to use Anoma's resource machine to enhance its tools. - Reppo: A resource coordination layer for AI developers to access capital and datasets by expressing intents, using Anoma to settle these intents between different parties. - Spicenet: A composable liquidity layer for trading applications that consumes orders as intents and uses Anoma's network to find optimal routes for fulfillment. - SwissDAO: Creating a generalized framework for intent-based matchmaking across diverse domains like jobs and gaming, using agentic systems and Anoma's model to make matching more efficient. Are you paying attention yet anon?
Gol D. REX $M | 🐜 ✧ ᴗ ✧
Gol D. REX $M | 🐜 ✧ ᴗ ✧
유일하게 오르고 있는 나의 빛 나의 사랑 나의 정신적 지주 @symphonyio @anoma 늦게 시작했음에도 불구하고 심포니 프로젝트는 제 계정과 찰떡인지 쭉쭉 오르고 있네요! 핵심 키워드 Intent centric 만 기억하시면 됩니다! 곧 30D 차트 입성 글로 만나뵙겠습니닷!
Gol D. REX $M | 🐜 ✧ ᴗ ✧
Gol D. REX $M | 🐜 ✧ ᴗ ✧
Is this how you test a system? At the cost of user trust? @Punk9277 @KaitoAI Kaito recently announced upcoming improvements to the leaderboard system, claiming it would enhance data quality and user experience. But today’s “test” rollout did nothing but confuse the community. What happens when you change the leaderboard system right before a project’s Yapping campaign ends? Weeks of user effort, consistency, and contributions could become meaningless erased in an instant. Is that what a user Intent centric Web3 experience looks like? Kaito explained that the update was an internal test and contained bugs. But if that “test” impacts real time user data and rankings, proper notice and transparency should have come first. What the community wants is simple and fair Fairness. Predictability. Transparency. A leaderboard is not just a ranking. It’s a reflection of users’ time, effort, and passion If that can be invalidated by an overnight system change, how can users ever trust the platform again?
Gol D. REX $M | 🐜 ✧ ᴗ ✧
Gol D. REX $M | 🐜 ✧ ᴗ ✧
Is this how you test a system? At the cost of user trust? @Punk9277 @KaitoAI Kaito recently announced upcoming improvements to the leaderboard system, claiming it would enhance data quality and user experience. But today’s “test” rollout did nothing but confuse the community. What happens when you change the leaderboard system right before a project’s Yapping campaign ends? Weeks of user effort, consistency, and contributions could become meaningless erased in an instant. Is that what a user Intent centric Web3 experience looks like? Kaito explained that the update was an internal test and contained bugs. But if that “test” impacts real time user data and rankings, proper notice and transparency should have come first. What the community wants is simple and fair Fairness. Predictability. Transparency. A leaderboard is not just a ranking. It’s a reflection of users’ time, effort, and passion If that can be invalidated by an overnight system change, how can users ever trust the platform again?
Kaito AI 🌊
Kaito AI 🌊
So TLDR: We are indeed going to push significant updates to our leaderboards to ensure sustainability, have less noise, cut out farmers, and to have overall improved quality for both users and projects. We explained this in much more details in our pinned post from last week - with notice of the changes coming. Today we set a very early *test* step of this, without intending to push it live on product - it had bugs to fix as many pointed out, we needed to quality-assess it first as we usually do, and it was meant as trial internal data. Hence the maintenance banner and us reverting back to the prior leaderboards for now. So, overall yes improvements are coming in terms of data, UI and quality. More on this in the coming days! Appreciate all your patience with us on it 🫡

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Band Protocol FAQ

Band Protocol is a cross-chain oracle platform built on the Cosmos blockchain that allows users to pair on-chain dApps and smart contracts with real-world, off-chain data. At the heart of the ecosystem is its native token, BAND.

Band Protocol allows ecosystem users to seamlessly pair accurate real-world data with decentralized finance (DeFi) applications. This enables the creation of various financial products such as synthetic assets, stablecoins, and loan collateralization solutions. Moreover, Band Protocol serves as a valuable tool for developing dApps and prediction markets, creating identity verification systems, and enhancing the receptiveness of Internet of Things (IoT) devices to real-world insights.

While it’s challenging to predict the exact future price of BAND, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
Currently, one Band Protocol is worth $0.62030. For answers and insight into Band Protocol's price action, you're in the right place. Explore the latest Band Protocol charts and trade responsibly with OKX.
Cryptocurrencies, such as Band Protocol, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Band Protocol have been created as well.
Check out our Band Protocol price prediction page to forecast future prices and determine your price targets.

Dive deeper into Band Protocol

Band Protocol (BAND) helps blockchains and projects get access to real-world data via cross-chain oracles. The ecosystem supports smart contracts and application programming interfaces (APIs), allowing users to connect on-chain innovations with off-chain insights in a decentralized, serverless manner.

What is Band Protocol

Band Protocol is a decentralized Oracle solution designed to eliminate centralized data repositories. It operates as a Layer 2 solution on top of the Cosmos (ATOM)) blockchain, providing secure off-chain data to on-chain decentralized apps (dApps).

Originally launched on Ethereum in 2019, Band Protocol transitioned to the Cosmos chain in 2020, leveraging the Cosmos software development kit to power its native chain, BandChain.

The Band Protocol team

The Band Protocol team is led by Soravis Srinawakoon, who serves as the acting CEO. Other key members of the team include Paul Nattapatsiri as the CPO, Sorawit Suriyakarn as the CTO and Co-Founder, Sirada Lorhpipat contributing to Business Development, and Satawat Thitisupakul as a Software Engineer.

How does Band Protocol work

The Band Protocol ecosystem consists of two main participants: data providers and validators. Data providers gather oracle data from trusted on-chain sources and supply it to the protocol. Validators play a crucial role by verifying the authenticity of the data and feeding them into the relevant smart contracts for usage. Similar to other projects like Theta Network (THETA), Band Protocol boasts a dual-token system comprising BAND and Dataset tokens.

Band Protocol’s native token: BAND

BAND is the native token of the Band Protocol ecosystem. The tokens can be delegated to network validators, governance, and staking.

The total supply of BAND tokens is capped at 100 million. The token economics of BAND follows an inflationary model, which may be attributed to the minting of new tokens to incentivize and reward data providers and validators within the Band Protocol ecosystem.

How to stake BAND?

To stake BAND on the BandChain mainnnet, there are two options available: you can become a validator by running a node and actively participating in the network, or you can choose to become a delegator and delegate your BAND tokens to a validator of your choice. Regardless of the staking method you select, you will receive BAND tokens as rewards for your contribution to the Band Protocol ecosystem.

Alternatively, you may choose to stake BAND on OKX Earn. OKX Earn offers flexible BAND staking plans for an estimated one APY. Easily stake BAND on OKX Earn to begin receiving rewards. BAND can be unstaked at any time.

BAND use cases

BAND tokens offer various functionalities within the Band Protocol ecosystem. They act as collateral to ensure that data providers provide reliable data to the network. Additionally, BAND tokens grant holders the ability to participate in governance by voting on proposals. Furthermore, BAND tokens contribute to network security as holders have the option to delegate their tokens to validators, ensuring the integrity and stability of the network.

BAND distribution

BAND tokens are distributed as follows:

  • 25 percent to the Band foundation for the development of the protocol
  • 20 percent to the public sales
  • 23.5 percent to the team, with a vesting period
  • 21.5 percent as community engagement tokens
  • 10 percent to the ecosystem treasury

The current state of Band Protocol

Band Protocol places a strong emphasis on network security, utilizing Byzantine Fault Tolerance (BFT), delegated Proof of Stake (dPoS), and a robust network of validators to secure BandChain. It is recognized as a prominent player in the Oracle space, alongside projects like Chainlink (LINK). Furthermore, Band Protocol has established a collaborative partnership with Horizen (ZEN) as part of its off-chain data sourcing initiative.

Disclaimer

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Market cap
$101.78M
Circulating supply
164.03M / 164.06M
All-time high
$23.3270
24h volume
$9.88M
3.4 / 5
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