Projects listed: 276 |
BTC Dominance: 50.83% | Volume (24h): $28,295,840,215 | Market Cap: $2,148,893,113,924
Band Protocol
BAND
$1.05
Sector
Oracles
Exchange Debut
2019-09-19
Market Cap
151,829,275
Maxim Supply
∞
Circulating Supply
144,890,607
Circ. Supply(%)
∞
Band Protocol
BAND
Price
$1.05
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
1707626
1.051230788248
1.005523186073
Change 24h
Change 7d
Change 30d
1.892
1.5753
-5.025
Maxim supply
Circulating supply
Circulating supply(%)
∞
144,890,607
∞
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Band Protocol-BAND cryptocurrency:
Band Protocol-BAND, a cross-chain data oracle platform, stands as a bridge between real-world data and on-chain applications, amplifying the potential of decentralized applications by offering them a gateway to essential off-chain information. A pivot from the Ethereum blockchain to the Cosmos network in June 2020 further underscored the project’s adaptability. The project’s commitment is evident from its successful transition and its Oracle nodes that not only relay data but play a pivotal role in block production and validation. Taking its expansive role into account and the findings from the fundamental analysis of the Band Protocol-BAND cryptocurrency, the project achieves an overall impressive score of 6.91 out of 10.
SOCIAL & MASS MEDIA: Score 4.5 out of 10
The Band Protocol’s engagement on social media showcases mixed results. With an ability to attract a decent following, scoring 7 out of 10, the administrators’ activity on these platforms sits at a moderate score of 5. The low community activity and media presence indicate a need for improved public relations efforts. While the size of communities on chat groups is moderate, the fundamental analysis of the Band Protocol-BAND cryptocurrency suggests bolstering community engagement strategies.
AUDIT & SECURITY: Score 7.15 out of 10
One of the project’s strengths lies in its security and transparency. Audits, transparency of information, and liquidity on exchanges all suggest the project has taken significant steps in establishing trust within the crypto community. The liquidity on exchanges, with a score of 8, speaks volumes about the project’s standing and the community’s faith in it.
TOKENOMICS: Score 4.45 out of 10
Token economics is an area that could use some enhancement. Both the inflationary aspect of the project and the centralization of its monetary mass highlight areas that potential investors might scrutinize. For the fundamental analysis of the Band Protocol-BAND cryptocurrency, understanding these dynamics is crucial.
ECOSYSTEM DEVELOPMENT: Score 8.58 out of 10
The ecosystem’s robustness is evident from its high score. Achieving objectives and planning for future developments both scored an impressive 8.3, indicating a forward-thinking and goal-oriented project.
TEAM & DEVELOPERS: Score 8.4 out of 10
The experience of the team is exceptional, reflected in a score of 9 out of 10. However, the number of software developers could be augmented to further strengthen the project’s technical foundation.
PRODUCT & UTILITY: Score 7.12 out of 10
The utility of the Band Protocol’s product and the role of tokens within its ecosystem indicate a balanced project. The tokens’ significant utility, scoring 8.8, points to an integral role they play in the overall ecosystem.
PARTNERS & INVESTORS: Score 8.75 out of 10
The project’s partners and investors are undoubtedly one of its significant assets. With a high score reflecting the number and capacity of investors and the quality of partners, it’s clear that the project is well-backed and has garnered substantial trust in the market.
Fundamental analysis of Band Protocol-BAND cryptocurrency – The final conclusion
Taking into account all aspects from our detailed fundamental analysis of the iExec RLC cryptocurrency, this project emerges as a promising endeavor in the crypto space. The strength of the team, robust tokenomics, and an innovative approach to ecosystem development set it apart. However, as with any investment, there are risks. The digital footprint, especially in social & mass media, needs bolstering. Potential investors should be keen on these areas and look forward to how iExec RLC navigates these challenges. The project’s forward-looking attitude and commitment to transparency provide positive indications for those considering diving into the world of iExec RLC.
Introduction to Band Protocol-BAND Cryptocurrency
Band Protocol is a cross-chain data oracle platform, bridging real-world data to on-chain applications and enabling the connection of APIs to smart contracts. This facilitates seamless data exchange between on-chain and off-chain sources.
Historical Background and Founders
Launched initially on the Ethereum blockchain in September 2019 as an ERC-20 project, Band Protocol transitioned to the Cosmos network in June 2020 with Band Protocol 2.0. Founded in 2017 by Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn, its core team boasts impressive backgrounds in tech and business. Soravis, Band Protocol’s CEO, previously worked at Ericsson and Boston Consulting Group. Paul, the CPO, has experience with Turfmapp and Tripadvisor, while CTO Sorawit, a former engineer at Dropbox and Quora, is also a recognized competitive programmer.
BAND Token and its Uses
The native token, BAND, plays an essential role in the Band Protocol ecosystem. BAND is utilized as collateral by validators, serving data requests and as the primary medium for private data exchange on BandChain.
What Sets Band Protocol Apart? Fundamental Analysis
Unique to Band Protocol is its design, ensuring faster and more efficient operations than rival oracle solutions. With compatibility across most blockchain frameworks, Band Protocol prioritizes reliable multi-chain data access. They aim to employ the Inter Blockchain Communication (IBC) protocol of Cosmos for cross-chain data transfer. The protocol supports permissionless oracle creation, and its seamless smart contract integration means developers can leverage its data sources effortlessly.
Security Measures of the Band Protocol Network
Following the transition from ERC-20, Band Protocol’s native BAND tokens now exist on its mainnet, BandChain. A 1:1 swap facilitates users in transitioning from the older token version to the mainnet version. Ensuring network security, BandChain employs the Byzantine Fault Tolerance (BFT) consensus algorithm in tandem with a delegated proof of stake (dPOS) system. This structure not only safeguards against threats but also allows BAND holders to receive staking rewards for node delegation.
- Latest analysis update: October 5, 2023
Band Protocol - BAND performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
