What is Band Protocol (BAND)?
Band Protocol is a decentralized blockchain oracle that collects real-world data and connects them to the world of blockchain. It makes the work of aggregating and getting real-world data much easier and more efficient for blockchain-based systems. The protocol was created in 2017 by Soravis Srinawakoon, Sorawit Suriyakarn, and Paul Nattapatsiri on the Ethereum chain, and later moved to the Cosmos SDK-based BandChain.
How Band Protocol (BAND) Works
Band Protocol is a decentralized oracle whose responsibilities include:
- take data requests from smart contracts
- query data from providers
- send the data results back to requesters
As a decentralized oracle, Band Protocol allows anyone to take part in the system as a data source. The data provided by these sources will then be collected by the validators, who also work in a decentralized manner. The validators receive BAND tokens as rewards for their work, and in case they do the task improperly or incorrectly, they may lose their stake and reputation.
How Many Band Protocol (BAND) Tokens Are in Circulation?
BAND is the utility and governance token of the Band Protocol. The total supply of BAND is 100 million and the circulating supply is 35.2 million.
How to Buy Band Protocol (BAND)
Consider investing in Band Protocol (BAND)? It only takes 2 minutes to create an account on Bitget and start trading BAND.
Check out the available BAND trading pairs on Bitget!
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Band Protocol (BAND) Resources
Simple 3-step guide to buying BAND today in Ethiopia
Create your free Bitget account
Select a funding method
Complete your Band Protocol purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Band Protocol using a payment method of your choice:
Buy Band Protocol with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Band Protocol order.
How to buy crypto with credit/debit cardBuy Band Protocol with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Band Protocol is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Band Protocol order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Band Protocol order.Buy Band Protocol with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Band Protocol order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Band Protocol in your Bitget spot wallet
Bitget—where the world trades Band Protocol
How to buy Band Protocol for free
- Learn how to earn Band Protocol for free through the Learn2Earn promotion
- Earn free Band Protocol by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Band Protocol airdrops by joining On-going challenges and promotions
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FAQ
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