BAND Protocol is a decentralized project with a public blockchain protocol released to create token-driven communities. BAND Protocol Coin is the cryptocurrency of this cross-network data platform that connects decentralized applications. Detailed information about the Band Protocol coin BAND, how does it work, where to buy it, how much it costs, etc. is in the continuation of the content. You can browse here for information about Tribe coin.
What is Band Protocol coin (BAND) and how does it work?
Band Protocol is a cross-chain data oracle platform that can receive real-world data and supply it to applications on-chain, as well as connect APIs to smart contracts to facilitate information exchange between on-chain and off-chain. BAND Protocol Coin is the cryptocurrency of this cross-network data platform that connects decentralized applications. The main goal of BAND Protocol developers is to connect and match disparate communities through reliable data sources and decentralized protocols.
BAND Protocol actually aims to solve two major problems in the cryptocurrency market for now. The reliability of decentralized applications (Dapp) data sources and the scalability of blockchain networks are seen as two key issues that are planned to be resolved with BAND Coin. It is emphasized that although blockchain technology is constantly evolving and spreading to the mainstream audiences, it will not reach full mainstream acceptance until the scalability issue is resolved.
BAND wants to reward crypto money investors who help against these solutions with BAND Coin, which it has released as a crypto money. In particular, the project aims to implement the Web 3.0 framework from a blockchain perspective and achieve full decentralization.
How to buy Band Protocol coin? How much is the BAND price?
Band Protocol coin can be purchased from listed cryptocurrency exchanges. But it is necessary to make sure that the exchange is “reliable”. As of September 2, 2021, the price of 1 BAND coin is around $9.88.
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency