NEAR PROTOCOL (NEAR)
NEAR PROTOCOL (NEAR)
Coin: Band Protocol (BAND)
Band Protocol was founded in 2017 by Thai computer scientist Soravis Srinawakoon surrounded by a team of reputable tech experts.
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Tokenomics
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Security
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Scalability
Refers to the blockchains ability to support increasing loads of transactions over time.
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Decentralisation
Refers to the degree to which control & power of a blockahin network is dispersed across a network and not controlled by a central authority.
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Applications
Refers to how well the projects core functions solve on and off chain problems.
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Team & Developers
Refers to the experience, knowledge and strength of the projects core team & developer community (ie. Github).
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Usage & Adoption
Refers to how widely used and adopted the projects core applications are by the broader economy.
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Community Strength
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Overall Rating
Refers to the combined rank computed as a simple average.
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Investors:
Binance Labs, Dunamu & Partners, ICONIUM, SNZ, SeaX Ventures, Sequoia Capital, Spartan Group, Woodstock Fund, ZBS Capital
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Disclaimer: Platypus Terminal does not provide any investment advice, nor is anything mentioned an offer to sell, or a solicitation of an offer to buy any security or other instrument. Under no circumstances should investments be based solely on the information provided. We do not guarantee the security or completeness of our information, and are not held liable.
Band Protocol is a decentralized Oracle network that connects off-chain and on-chain data. Oracle networks are essential for the execution of many smart contracts and the long-term demand for this data is likely exponential. Currently, Chain-link is the largest Oracle network provider built on Ethereum In comparison Band Protocol is built on Cosmos, giving it a number of advantages including interoperability and scalability.
The native currency to the Band Protocol is the BAND token or BAND, which is used for staking, governance, and to pay network fees. The total supply of BAND is adjusted to an inflation rate of 7-20 per cent annual and currently, over 80 per cent of total tokens in circulation are being staked. The future of BAND is bright, partnering with notable projects such as Elrond and Waves and is backed by reputable institutions such as Sequoia Capital and Binance.
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