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Band Stock

Band

BAND

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Band Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
HTXBAND/USDT0.58705.131,109.392.73 M0.14cex1747/9/2025, 6:23 AM
AstralXBAND/USDT0.5826,387.7228,235.412.11 M0.34cex47/9/2025, 6:21 AM
MillioneroBAND/USDT0.71282,028.25350,805.59855,144.50.07cex2046/15/2025, 5:33 PM
ToobitBAND/USDT0.58107,204.02103,420.35616,912.830.04cex4307/9/2025, 6:21 AM
BinanceBAND/USDT0.5879,124.6380,234.33612,625.270.01cex540.87/9/2025, 6:23 AM
XXKKBAND/USDT0.5882,645.0877,500.92591,444.970.04cex167/9/2025, 6:21 AM
TruBit Pro ExchangeBAND/USDT0.5831,528.917,595.12516,161.670.13cex2027/9/2025, 6:21 AM
HotcoinBAND/USDT0.593,818.364,136.35508,677.340.07cex2067/9/2025, 6:23 AM
OurbitBAND/USDT0.5862,782.1175,147.83340,612.010.03cex3927/9/2025, 6:15 AM
4EBAND/USDT0.5880,172.3884,166.37303,778.030.01cex27/9/2025, 6:21 AM
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Band FAQ

What is Band Protocol (BAND)?

Band Protocol functions as a cross-chain data oracle platform that acquires real-world data and delivers it to on-chain applications, while also linking APIs to smart contracts to enable the exchange of information between on-chain and off-chain data sources. By providing reliable and verifiable real-world data to blockchains, Band Protocol opens up a diverse array of new use cases for developers. This allows them to incorporate any type of real-world data into their decentralized application (DApp) logic, including information related to sports, weather, random numbers, price feeds, and more. Initially introduced as an ERC-20 project on the Ethereum blockchain in September 2019, Band Protocol transitioned to the Cosmos network in June 2020 with the deployment of Band Protocol 2.0. This updated protocol is constructed on BandChain utilizing the Cosmos SDK. Oracle nodes within BandChain are responsible not only for data relaying but also for block production and validation, thereby conferring upon them a dual role. BAND is the native token within the Band Protocol ecosystem. It is utilized as collateral by validators who process data requests and serves as the primary medium of exchange on BandChain, particularly for the payment of private data.

Who Founded Band Protocol?

Band Protocol was established in 2017 by Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn. Soravis Srinawakoon, who serves as the current CEO of Band Protocol, has a background as a software engineer at Ericsson and as a management consultant at The Boston Consulting Group. Paul Chonpimai, Band Protocol's Chief Product Officer (CPO), previously worked as a web developer at Turfmapp and an engineer at Tripadvisor. Additionally, Sorawit Suriyakarn, the Chief Technology Officer (CTO) of Band Protocol, was formerly a software engineer at Dropbox and Quora and is recognized as a gold medalist competitive programmer. Beyond the founding team, the Band Protocol LinkedIn page currently lists an additional 20 employees, primarily located across Asia, comprising designers, developers, and engineers. The platform receives support from prominent global investors such as Sequoia Capital, Dunamu & Partners, Spartan Group, and Binance.

**What Distinguishes Band Protocol?**

Band Protocol is engineered to be faster and more efficient than competing oracle solutions and is compatible with most blockchain and smart contract development frameworks, ensuring reliable data transmission to and from multiple blockchains. To facilitate its cross-chain data transfer, Band Protocol intends to utilize Cosmos' Inter Blockchain Communication (IBC) protocol, which is still under development. The timeline for the IBC's operational readiness remains uncertain. Band Protocol is designed to provide permissionless oracle creation, enabling anyone to initiate data request servicing. Additionally, it offers straightforward smart contract integration, allowing developers to use data from Band Protocol oracles with just a few lines of code by leveraging a predefined interface. For more information about Band Protocol, visit Eulerpool.

What is the Circulating Supply of Band Protocol (BAND) Tokens?

Band Protocol initially introduced the BAND token through an initial exchange offering (IEO) on the Binance Launchpad in September 2019. During this launch, 27.37% of the total supply was distributed across three sales rounds: seed, private, and public. The BAND token has a total supply cap of 100 million tokens. As of November 2020, just over 20% (20.49 million tokens) were in circulation. The distribution of the BAND token allocates 20% of the total supply to the team and an additional 5% to its advisors. Furthermore, 25.63% is reserved for the Band Protocol ecosystem. According to the projected emission rate, it is anticipated that 100% of the total supply will be in circulation by as early as 2025.

How is the Band Protocol Network Secured?

Originally, BAND tokens were issued following the ERC-20 standard but have recently been reintroduced as native BAND tokens on the Band Protocol mainnet, known as BandChain. Holders of the older ERC-20 tokens can execute a 1:1 swap by depositing their tokens to Binance and subsequently withdrawing them as native tokens. This process is essential for engaging in BAND staking, which is exclusively available for mainnet tokens. BandChain is constructed utilizing the Cosmos SDK and is safeguarded by a Byzantine Fault Tolerance (BFT) consensus algorithm, which provides protection against attacks. This system operates in tandem with a delegated proof of stake (dPOS) configuration, securing the network’s oracles and enabling BAND holders to gain staking rewards by delegating their stake to nodes. For further information, refer to Eulerpool.

Where can you purchase Band Protocol (BAND)?

BAND was initially tracked on public exchanges by Eulerpool in September 2019. Since its introduction, it has been listed on a variety of platforms, including several top-tier exchanges such as Binance, Coinbase Pro, and OKEx. The majority of BAND trading pairs are against Tether (USDT) and Bitcoin (BTC). However, BAND can also be traded against several fiat currencies, including GBP, USD, and EUR on Coinbase Pro. For detailed information about purchasing cryptocurrency as a beginner, refer to our comprehensive guide.

Investors interested in Band are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.