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Band Protocol (BAND) is a data management protocol designed to improve the availability and dependability of data for Web3 blockchain applications.
One key strength of Band Protocol is its straightforward, easy-to-use request interface for DApps. Getting real-world information is done through a simple call to a static smart contract function. Data providers handle the submission and processing of data on-chain, enabling it to be used across applications at the same time.
Requesting data is also relatively simple to integrate and does not demand high gas usage.
An incentive mechanism for token holders is intended to support confidence in data integrity. Because a token’s value is tied to a particular data set governed by a group, fixes to incorrect data benefit only token holders. This leads to these characteristics:
It becomes harder to bribe token holders.When there is one token and a single incorrect data set, the value of the token is unlikely to fall significantly.| Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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