Band Protocol enhances Web3 data reliability with an easy-to-use interface, incentivizing accurate data provision through tokenomics.
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Band Protocol (BAND) is a data management system designed to enhance data availability and reliability for Web3 blockchain applications. Its main advantage lies in its straightforward and user-friendly request interface for decentralized applications (DApps). Data retrieval is simplified into a basic call to a smart contract function, and data providers handle data entry and processing directly on the blockchain, ensuring readiness for application use. The request process is cost-efficient and easy to implement. Token holders are incentivized in a way that guarantees data trustworthiness. The token's value is tied to specific data sets managed collectively, so corrections benefit only token holders. Key features include increased difficulty in bribing token holders and resilience to isolat...
As of now, Band Protocol is trading at 0.6466 USD, with a 24-hour trading volume of approximately 253.02K USD. The BAND to USD price is updated in real time. Over the past 24 hours, Band Protocol has increased by 3.46%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 103.66M USD. Currently, there are 160 317 033.204011 BAND in circulation out of a maximum supply of 160 317 033.204011 BAND.
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