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Band Protocol is now listed on Cryptology!

December 13, 2023
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Buy, sell and trade $BAND
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📈 Spot trading of BAND/USDT  is live

What is Band Protocol?

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Band Protocol brings real world data to the blockchain. Through connecting APIs to smart contracts, data is supplied both on and off chain to both data sources and dApps.

It was originally released on the Ethereum network in 2019. It was then moved over to Cosmos, the layer 0 blockchain. 

Data can be taken from anything such as weather reports or sports results and utilized by developers on the blockchain. Furthermore, developers can easily create their own data oracles that are integrated with smart contracts.

On Band Protocol there are a number of features that can be used including:

  • Cosmoscan - scans real-time data of Cosmos.
  • Band VRF - provides a pseudorandom output with the proof of authenticity.
  • Band Integration Tools - these allow developers to put their dApps onto BandChain.

Community is at the heart of Band Protocol as they offer:

  • Grants Program - a place to raise funds and propose new.
  • Jedi Ambassador Program - become a governor of the Band Protocol.
  • Band Partners - dedicated dashboard showing integrated networks and protocols with Band and their overall activity.

The beauty of Band Protocol is that thanks to Bandchain, it works across different blockchains to utilize data for developers.

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The Band Protocol token

The native token of Band Protocol is BAND token.

Primarily it’s a utility token used as collateral by validators to fulfill data requests. As a result additional BAND tokens are earnt along with block rewards. 

Two percent of the total block rewards gained from staking are added to the community fund. 

Furthermore users can use BAND to validate and stake on the network.

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Token distribution:

  • 12.37% - Public Sale
  • 5% - Private Sale
  • 10% - Seed Sale
  • 25.63% - Ecosystem
  • 22% - Foundation
  • 20% - Team
  • 5% - Advisor

BAND’s market stats:

  • Current market cap: $204,607,285
  • Circulating supply: 136,828,562 BAND
  • Max supply: ∞
  • Twitter: 139,156 followers 


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Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.