Band Protocol is a cross-chain data oracle aggregates and connects real-world data and APIs to smart contract. Blockchain is an innovative technology that allows for decentralisation and secure mean of storage. However, blockchains face issues when trying to integrate trusted real-world data into their network, which then limits the possibilities on the technology. Band Protocol solves this problem through its BandChain Oracle which allows for developers to query data including on-chain data, real-world events and any data available in the web. This protocol is built on Cosmos SDK-based blockchain which is compatible with most smart contracts.
Band Token or BAND is the native token used in the network. Its main utility is as for staking and incentives where validators and delegators are required to stake BAND to maintain the network and are penalised or rewarded with BAND. BAND is also used as gas fees to prevent unnecessary congestion on the network. There is a maximum supply of 100 million BAND.
Band Protocol Founders
Paul Nattapatsiri, Soravis Srinawakoon, Sorawit Suriyakarn.