Band Protocol BAND Price, Live Charts, and News in United Kingdom

Name: Band Protocol
Brand: Cryptocurrency
SKU: BAND
Price: 1.2128794293847728627 GBP
Availability: InStock

Band Protocol

BAND

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Band Protocol

Band is a cryptocurrency that describes itself as “a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts.” Band allows blockchains to access data, such as stock prices and weather, that are available via API. Note: Coinbase only supports the Band token running on Ethereum (ERC-20).

Resources

Band Protocol is a cross-chain data oracle platform that aims to connect real-world data and APIs to smart contracts. It intends to facilitate the exchange of information between on-chain and off-chain data sources, thereby unlocking a myriad of new use cases for developers. Band Protocol can incorporate any type of real-world data into decentralized application logic, including sports, weather, random numbers, price feed data, and more. The native token of the Band Protocol ecosystem, BAND, is used as collateral by validators involved in fulfilling data requests and as the main medium of exchange on BandChain.

Band Protocol operates by supplying reputable, verifiable real-world data to blockchains. It initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role. Band Protocol aims to leverage Cosmos' still in-development Inter Blockchain Communication (IBC) protocol to achieve its cross-chain data transfer.

Band Protocol aims to unlock a range of new use cases for developers to explore. Developers can use any type of real-world data as part of their decentralized application logic, including sports, weather, random numbers, price feed data, and more. This flexibility allows for the creation of custom-made oracles using WebAssembly to connect smart contracts with traditional web APIs within minutes. Band Protocol's oracle design also allows anyone to start servicing data requests, offering smart contract integration.

Band Protocol was founded in 2017 by Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn. The platform is supported by major global investors, including Sequoia Capital, Dunamu & Partners, and Spartan Group. The Band Protocol LinkedIn page currently lists a total of 20 additional employees, most of whom are scattered throughout Asia, and include designers, developers, and engineers.

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Market

United Kingdom Market Stats

Market cap

£172.2M

Volume (24h)

£3.4M

Circulating supply

141.5M BAND

Typical hold time

20 days

Popularity

#275

All time high

£18.34

Price change (1h)

-0.44%

Price change (24h)

+0.69%

Price change (7d)

-3.6%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom News about Band Protocol

Band Team • May 19, 22

Band Oracle is Live on SiennaLend!

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Social

Some highlights about Band Protocol on social media

375 unique individuals are talking about Band Protocol and it is ranked #1,093 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Band Protocol has an average sentiment score of 3.5 out of 5. Finally, Band Protocol is becoming more newsworthy, with 0 news articles published about Band Protocol. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Band Protocol. There were 81.71% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Band Protocol. 18.29% of tweets were neutral about Band Protocol. These sentiments are based on 82 tweets.

On Reddit, Band Protocol was mentioned in 93 Reddit posts and there were 176 comments about Band Protocol. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Overview

Contributors

375 people

Volume rank

#1,093

Average Sentiment

3.5 out of 5

Twitter

Tweet Count

82 people

Sentiment

81.71%

Bullish

18.29%

Neutral

Bearish

Posts

Comments

176

Post Score

2,791

Comment Score

2,987

Band Protocol Calculator

How much is 1 BAND?

Conversion Table

BAND/USD (United States Dollar)

$1.52

BAND/CAD (Canadian Dollar)

CA$2.08

BAND/GBP (British Pound)

£1.21

BAND/JPY (Japanese Yen)

¥240.72

BAND/INR (Indian Rupee)

₹126.86

BAND/BRL (Real)

R$7.78

BAND/EUR (Euro)

€1.42

BAND/NGN (Nigerian Naira)

NGN 2,006.77

BAND/KRW (South Korean Won)

₩2,096.04

BAND/SGD (Singapore Dollar)

S$2.07

Band Protocol is on the decline this week.

The price of Band Protocol has decreased by 0.44% in the last hour and increased by 0.69% in the past 24 hours. Band Protocol’s price has also fallen by 3.60% in the past week. The current price is £1.21 per BAND with a 24-hour trading volume of £3.41M. Currently, Band Protocol is valued at 93.39% below its all time high of £18.34. This all-time high was the highest price paid for Band Protocol since its launch.

The current circulating supply of Band Protocol is 141,531,737.025 BAND which means that Band Protocol has as total market cap of 141,531,737.025.

FAQ

What is the current price of Band Protocol?

We update our Band Protocol to GBP currency in real-time. Get the live price of Band Protocol on Coinbase.

What is the market cap of Band Protocol?

The current market cap of Band Protocol is £172.18M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Band Protocol?

The all-time high of Band Protocol is £18.34. This all-time high is highest price paid for Band Protocol since it was launched.

What is the 24 hour trading volume of Band Protocol?

Over the last 24 hours, the trading volume of Band Protocol is £3.41M.

What other assets are similar to Band Protocol?

Assets that have a similar market cap to Band Protocol include PayPal USD, SushiSwap, Storj, and many others. To see a full list, see our comparable market cap assets.

How many Band Protocol are there?

The current circulating supply of Band Protocol is 142 million.

What is the typical holding time of Band Protocol?

The median time that Coinbase customers hold Band Protocol before selling it or sending it to another account or address is 20 days.

What is the relative popularity of Band Protocol?

Band Protocol ranks 107 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Band Protocol?

Currently, 80% of Coinbase users are buying Band Protocol. In other words, 80% of Coinbase customers have increased their net position in Band Protocol over the past 24 hours through trading.

Can I buy Band Protocol on Coinbase?

Yes, Band Protocol is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Band Protocol guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.