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Namaste Tribe! So many of you have been asking us, “When BAND?” Well, it’s today! Band Protocol (BAND) is listing on WazirX in our USDT market at 5 PM IST 💪
We’re giving away ₹3,40,000 worth BAND in Highest Trader Kaun marathon for BAND/USDT 💰
Listing Schedule
BAND is a part of our Rapid Listing Initiative. Hence, we are starting BAND trading without enabling its deposits and withdrawals. What does it mean for you?
- Deposits — You won’t be able to deposit BAND from another wallet to WazirX
- Trading — You will be able to buy, sell, trade BAND in our USDT market. When you buy BAND, it will appear in your “Funds”
- Withdrawals — You won’t be able to withdraw BAND from your WazirX wallet. You can, however, sell it in the USDT market
Don’t worry, you’ll be able to deposit/withdraw BAND on WazirX very soon. Read more about the Rapid Listing Initiative here.
Get ready for Highest Trader Kaun marathon & other giveaways starting today 😎
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. They are backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
The Band Protocol 2.0 mainnet is coming up extremely soon with the second testnet of BandChain underway for more than a month and over 34+ active validators onboard including the top Cosmos validators including stakefish, Figment Networks, Chorus One, Cosmostation, StakeWithUs, Infstones and more! BandChain is a high performance blockchain built for oracle computations such as settlement, data sourcing and aggregation to enable real-time data requests and end-to-end customizability for developers to create their own fine-tuned decentralized oracles.
Therefore, DApps can use Band Protocol as an alternative or supplement to inefficient existing oracle solutions today which have dependencies on destination blockchains or suffer from delayed data feeds. For example, MakerDAO was left with millions in undercollateralized Dai due to data provider transactions getting congested and depending on the Ethereum network on March 12. Furthermore, reference data — which is a popular method of data consumption today, — are only updated every specific time interval and thus always delayed by nature unless a large, unscalable amount of fees are paid to data providers.
BAND is the native token used to secure Band Protocol’s high-performance oracle blockchain and used as a medium of exchange for query fees for private APIs or APIs under a paywall. Individuals can stake BAND to contribute to sourcing and aggregating data for data requesters in return for block rewards.
- Trading price (past 24 hrs):$0.957483 (₹72.04 INR)
- Global Market Cap (past 24 hrs): $19,526,931 USD
- Global Trading Volume (past 24 hrs): $9,147,699 USD
- Circulating Supply: 20,394,033 BAND
- Total Supply: 100,000,000 BAND
Happy Trading!
*Above content is migrated from medium to wazirx blogDisclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
