BAND
ATH / ATL
24h Price
24h summary
Over the last 24 hours, BAND moved from $0.1538 to $0.1496. The session high was $0.1593, the low was $0.149, and the intraday range was $0.0103 / 6.7%.
- 24h open
- $0.1538
- 24h close
- $0.1496
- 24h high
- $0.1593
- 24h low
- $0.149
- Volatility / range
- $0.0103 / 6.7%
- Updated
Monthly Returns heatmap
Heatmap summary
BAND posted 33 positive months out of 83. The longest positive streak lasted 4 months, while the longest negative streak lasted 7 months.
- Strongest month
- Jul 2020 +285.2%
- Weakest month
- Sep 2019 -78.4%
- Longest positive streak
- 4 Jan 2021 — Apr 2021
- Longest negative streak
- 7 Feb 2023 — Aug 2023
- Luckiest calendar month
- Jul • avg 49.5% • 7 mo.
- Unluckiest calendar month
- Jun • avg -23.9% • 7 mo.
Networks
Supported exchanges
About the coin
BAND, the native token of the Band Protocol, plays a crucial role in facilitating decentralized data oracles. Band Protocol aims to bridge the gap between real-world data and smart contracts on various blockchain networks, enabling them to execute based on verifiable external information.
The Band Protocol operates as a cross-chain data oracle network. This means it is designed to connect smart contracts with external data sources, allowing decentralized applications (dApps) to access and utilize information from the real world, such as price feeds, sports scores, or weather data.
BAND tokens are integral to the Band Protocol's ecosystem. They are used for staking by validators who secure the network and provide data feeds. Validators are rewarded with BAND tokens for their services, incentivizing them to maintain the integrity and reliability of the oracle network.
The economic model of BAND is designed to align the interests of network participants. Token holders can delegate their BAND tokens to validators, earning a portion of the staking rewards. This process of delegation and staking helps to secure the network and distribute governance power.
Band Protocol's architecture allows for flexibility and scalability. It supports multiple blockchain networks, meaning that dApps on different chains can leverage its data oracle services. This interoperability is a key feature, as it expands the potential use cases for decentralized applications that require real-world data.
The token has a presence on multiple blockchains, reflecting the protocol's multi-chain strategy. These include:
- BAND (Native Chain): The native blockchain where BAND operates, with a token standard that is inherent to its design.
- BNB Smart Chain: Available as a BEP-20 token, allowing integration with the vibrant dApp ecosystem on this network.
- Ethereum: Also available as an ERC-20 token, connecting BAND to the largest smart contract platform.
The use of BAND tokens extends to governance. Token holders can participate in the decision-making processes of the Band Protocol, influencing its future development and parameter adjustments. This decentralized governance model ensures that the protocol evolves in a way that benefits its community.
Validators on the Band Protocol are responsible for fetching, verifying, and delivering data to smart contracts. They are selected based on their stake in BAND tokens. If a validator acts maliciously or fails to perform their duties correctly, their staked BAND tokens can be subject to slashing, a form of economic penalty that deters bad actors.
The design of Band Protocol emphasizes decentralization, security, and efficiency. By utilizing a network of independent validators and a robust tokenomic model, it aims to provide a reliable and censorship-resistant source of data for the decentralized web.
The protocol's focus on cross-chain compatibility is a significant advantage. It allows developers to build dApps that can interact with data from various sources and operate across multiple blockchain environments without being confined to a single network.
BAND's utility within the ecosystem encompasses several key functions:
- Staking and Network Security: Validators stake BAND to secure the network.
- Data Provision Rewards: Validators earn BAND for providing accurate data.
- Delegation: Token holders can delegate BAND to validators and earn rewards.
- Governance: BAND holders can vote on protocol proposals.
The active status of BAND indicates its ongoing development and operation within the cryptocurrency space. The protocol continues to evolve, aiming to enhance its capabilities and expand its reach across the decentralized landscape.
In summary, BAND is the utility and governance token for Band Protocol, a decentralized oracle network. It underpins the network's security, incentivizes its participants, and enables the vital function of bringing real-world data to blockchain applications across various chains.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the BANDUSDT market feed.
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