Band Protocol is a secure and scalable decentralized Oracle that adds Layer 2 to the public chain. It allows decentralized applications to leverage existing data on the Internet without the need for trusted intermediaries. Band Protocol provides a cheaper, faster solution than other existing protocols without compromising security. Developers using Band Protocol will be able to build a wider range of decentralized applications and integrate with off-chain financial data. The Band Protocol blockchain is known as BandChain, where verifiers and consignors pledge their native Band tokens to encourage up-to-date and accurate data feeds.

It aims to create the most secure and scalable database for a decentralized world, providing trusted data for decentralized applications (DApps). Developers and dApp companies using BandProtocol consume data through common smart contract data points, rather than based on centralized prognosticators stripped off from blockchain.

Band Protoco is a community managed data source prognosticator project. The information Bridges in the on-chain (blockchain) and off-chain (real world) are called the Oracles, which can transfer information from off-chain to on-chain, deliver real-world information and interact with the blockchain. Band Protocol is innovative compared to Link, another blockchain predictor concept project, in that it uses the Dataset Governance Group for community Governance of data sources. Each Group issues its own ERC-20 token through the bonding Band token. The token issuance curve follows a mortgage curve, where the more bands accumulated in the contract as collateral, the higher the token exchange price. When participants get tokens of the corresponding Group, they can participate in the governance of the Group and the management of data sources. Band project adopts the form of token-curated Registry to motivate management within the Group. Token-curated Registry is a set of paradigms for on-chain governance discussed within taifang community, and its actual process is similar to DPoS consensus mechanism. Token holders are staking to be the data source, and other participants can then endorse staking to the data source. When there is a data query request, the smart contract will query all data sources separately and then accumulate the final result. The Band team is Thai based in the Greater Boston area, the CEO was a consultant at BCG, and the CTO worked as an engineer at several Silicon Valley unicorns.

BandChain currently uses its native BAND token as the only token on its network. The chain then uses the promise of receiving a reward token as an incentive for the verifier to generate a new block and submit a response to the data request. In addition, any network participant can use tokens in 3 ways: 1. Bond tokens become verifiers; 2. Entrust tokens to another verifier to earn a portion of the fees and inflation rewards collected; 3

Band Protocol is a decentralized predictor with Layer--2 as the public chain. Allows applications to leverage existing data on the Internet, bridging the use cases between Web2.0 and 3.0. Ensuring data is not manipulated through a multi-token model and equity pledge mechanism provides a cheaper, faster solution without compromising security. BAND holders enjoy a number of benefits and benefits: (1) BAND is the fuel used for data exchange across the network. Only BAND holders can use the platform database. (2) Great potential for appreciation. The creation of new database data sets requires collateral bands. With the growth of platform database data, the number of collateral lock-in bands will increase, and the BAND circulation will increase with the decrease of BAND circulation. (3) Voting rights for system upgrade. Blockchain system can not be randomly upgraded, BAND holders have the voting rights of the upgrade of the underlying protocol of the system, and can use the voting rights to make a fair and just vote on the system upgrade.

The Band protocol is a secure and scalable decentralized Oracle that adds Layer 2 to the public chain. It allows decentralized applications to leverage existing data on the Internet without trusted mediations, bridging the use cases between Web 2.0 and 3.0. Band ensures data is not manipulated through a unique multi-token model and equity pledge mechanism. By making data readily available and reusable across the chain, Band Protocol provides a cheaper, faster solution than other existing protocols without compromising security. Developers using the Band protocol will be able to build a wider range of decentralized applications and integrate them into off-chain financial data, reputation scores, identity management systems, and more, making blockchain more likely to be adopted on a large scale.

First of all, with regard to the BAND peninsula agreement, the main thing it does is to decentralize the database, and the core is the prophet. Chainlink has already opened up this area, and the competition is very exciting. As a latecomer, BAND is still facing a lot of pressure, especially when WEB3.0 is still in its early stages. Secondly, in terms of technology and field prospects, the BAND is not to be found fault. Its technical strength is fine, especially the support of a strong technical team and the investment of investment capital, which provides a great guarantee for the project. Moreover, the field prospects are very good, which ChainLink has already paved the way. There are no major problems with the project; Third, from the perspective of the community, the power of the community is still a little bit small. After all, it is a latecomer and a new project, and the core team is technology-oriented. There is still a certain space for development in the market and community. Fourth, from the perspective of TOKEN development, binance IEO project, although it is in the late stage, but can be on binance at least strength, the price has indeed dropped a lot, but compared with many projects in the same period, 50% is definitely not the worst, there is still hope in the late stage, but need the support of strength; Fifth, it is the policy risk of IEO, there may be off the shelf, need to pay attention to. To sum up, 3 points are given to the BAND project. The project itself has a good foundation, but its development is not very good, especially the community, which needs strong support.

BAND is a circulating token of the whole project, and the current market situation is good, with the circulation of 100 million tokens, the highest price in history at 6.5, and the current price at 3.6. Three exchanges such as Binance have been launched, and the token has good liquidity and active trading. The project has only been in the market for half a year, but it has made good progress. It has supported data warehousing in financial payment, sports, lottery and other aspects. The project has a good vision, and the team has good experience and strength in technology. In addition, with the support of investment institutions, the project is very clear in planning, and the progress has been orderly. Generally speaking, the project still has core competitiveness in the market.

Band Protocol is a very, very exciting project with great potential for growth. The reason is simple: any practical decentralized application needs a predictor to work. Srinawakoon accurately described the predictor problem as being worth "billions of dollars". "Internet-connected" prognoses like Band Protocol are just as valuable as the "world computer" blockchain.

1. Uncertainty of policies related to global digital coins increases the difficulty of project promotion, publicity and implementation, and the BAND project is also difficult to avoid the risk of policy uncertainty. 2. The secondary market is in a bear market and the overall market is depressed, which affects the investment in the industry. BAND has not been launched yet, and the value withdrawal after it is launched will definitely be affected by the bull and bear of the overall market. 3. With the fierce competition in the industry, more efforts are needed to break through and stand at the top of the industry. To compete with the current mature centralized database, BAND needs long-term investment in technology and capital, which is a difficult task. 4. It is a difficult task to move from virtual to real. Less publicity and more landing applications are the pain points of the whole industry as well as the project itself. 5. The whole digital currency industry consensus degree is low, limited to industry circle, business and project activity is not high, although the BAND project belongs to block chain project, but block chain project docking of all walks of life, especially the database technology with all industries, therefore, the BAND can't limited to block chain industry, Should join hands with all walks of life common development.

BandChain validators are tasked with generating new blocks and processing transaction data. Validators are rewarded with Band tokens as they generate new blocks and reliable data. Verifiers can set their own fees. Part of the pledge may be reduced if the verifier is offline for too long, signs transactions repeatedly (charging more for data requests than it claims), or does not respond to data requests.