Band Protocol (BAND) Price
$0.62624 2.71%
Latest Updates
Updated at 12:56Market cap
$104,063,903.55
Market rank
#352
Volume 24H
$12,312,048.32 14.25%
Price change 24h
-$0.01698 2.71%
Price change 7d
-$0.09079 14.50%
What about Band Protocol?
The software program Band Protocol is designed to encourage a network of users to supply real-world data to decentralized applications (dApps) that are running on blockchains. Band Protocol is frequently referred to as a "decentralized oracle" system, a moniker also applied to blockchains like Chainlink that reward users for providing reliable data. A Band Protocol validator is required to possess a minimum number of BAND tokens, which they can either purchase themselves or be granted by another user. It should be noted that the Band Protocol has an inflation schedule for its BAND cryptocurrency, which results in a gradual decline in the value of each BAND token.
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