Band Protocol BANDBoost Price $ 0.238

Band Protocol (BAND) is a data management protocol that increases the level of data availability and reliability for Web3 blockchain technologies.

The advantage of Band Protocol, first of all, is the intuitive and simple request interface for DApps. The process of obtaining real data takes place in the form of a simple call to a static smart contract function. Data providers are responsible for entering and processing data on the blockchain, which makes them ready for simultaneous use in applications.

The data request is simple to implement and does not require large gas costs.

Token holders' incentive system allows you to have no doubt about the reliability of the data. The value of a token is directly related to a specific data set managed in a group, therefore, data correction provides benefits only to token holders. This entails the following features:

• Bribing token holders is becoming more difficult.
• If there is one token and one incorrect data set, then most likely this situation will not lead to a significant drop in the value of the token.