Band Protocol is a decentralised, blockchain-agnostic, cross-chain data oracle platform. BAND aggregates external, real-world data and supplies it to on-chain applications. Based on the Cosmos blockchain, Band Protocol connects external, real-world data sources and APIs to smart contracts. Band Protocol allows for the facilitation of data exchanged between off-chain sources and on-chain applications. Band Protocol allows developers to specify security parameters and aggregation methods for data, and to create a fully customisable “data oracle script” that allows smart contracts to connect to external data sources and APIs. Band Protocol utilises a Delegated Proof-of-Stake (DPoS) consensus mechanism and can supply reliable and reputable real-world data to any blockchain. BAND is the native token of the Band Protocol and is used to pay for a variety of functions within the ecosystem. BAND is used for transaction fees, data request fees, and staking by validators fulfilling data requests to ensure reliability and accountability of data.
Swyftx has ~4x lower spreads and ~2x cheaper trading fees when you buy Band Protocol, than our closest competitors.
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