Sunday March 07, 2021
Bitcoin (BTC) $49,305.00   Ether (ETH) $1,653.39
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Token Offerings/Listings

Band Protocol hosting token sale with Binance Launchpad

Published by CryptoNinjas.net
09/10/2019
Band Protocol's token sale to be hosted on Binance Launchpad

Binance Launchpad, Binance’s token launch platform for blockchain projects, has announced support for its ninth project of the year, Band Protocol.

Building an open protocol for decentralized data governance on public blockchains such as Ethereum, EOS, and Cosmos, Band Protocol has secured USD $3 million in seed investments in 2019 from lead investor Sequoia India, Dunamu & Partners (the venture arm of Korean fintech company Dunamu) and VC fund SeaX Ventures

Band Protocol’s token sale on Binance Launchpad will follow an updated lottery format and a ticket claim will begin on September 16, 2019, at 06:00 UTC.

Band Protocol

Band Protocol aims to become the most secure and scalable decentralized world’s database where any decentralized applications (dApps) can rely on for trusted data.

Developers and companies with dApps using Band Protocol consume data via its public smart contract data points rather than through centralized oracles that are external to the blockchain. This allows dApps to leverage existing data on the internet without compromising security, bridging the use cases between Web 2.0 and 3.0.

Band Protocol uses various economic incentives to ensure that independent parties provide trusted data and the data stays accurate, such as an integrated dataset token mechanism similar to the Delegated Proof of Stake (dPoS) consensus. Dataset token holders collectively elect data providers by staking their tokens in the name of the candidates. So, only the top providers gain the right to contribute data to the dataset.

“Within Binance Launchpad, we continue to listen to the feedback of our community and strive to support only the high-quality projects. Using a community-driven approach, the Band Protocol solves an important problem in the industry: trust in third-party data sources, which is necessary for decentralized applications working on the blockchain and further mass adoption of crypto technologies.”
– Binance CEO and Founder, CZ (Changpeng Zhao)

Band Protocol is focused on attracting dApp developers from: decentralized finance, ecommerce, gaming, gambling, prediction markets, supply chain tracking, and others.

“Currently, the trusted oracle problem is a significant hurdle for mass adoption of decentralized applications, as its weakness in security severely limits the use cases that can be built using smart contracts. For example, the decentralized finance ecosystem currently locks up $500 million USD within its smart contracts, but it relies heavily on critical centralizing points of weakness in the designs of the oracles used, severely limiting the potential for mass adoption due to systemic risk. Band Protocol provides a compelling alternative for projects to solve this, with an infrastructure middleware layer protocol that facilitates faster, cheaper, more secure, easier-to-integrate oracles for blockchains.”
– Soravis Srinawakoon, CEO of Band Protocol

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Band Protocol becomes first blockchain firm to join the OpenAPI Initiative
Networks & Protocols

Band Protocol becomes first blockchain firm to join the OpenAPI Initiative

12/14/2020
Fantom launches new staking protocol with Band Protocol oracles
Networks & Protocols

Fantom launches new staking protocol with Band Protocol oracles

12/10/2020
Nervos integrates Band Protocol’s price feeds for decentralized apps
Networks & Protocols

Nervos integrates Band Protocol’s price feeds for decentralized apps

08/25/2020
Virtual gaming world ‘The Sandbox’ to launch $3M token raise on Binance Launchpad
Token Offerings/Listings

Virtual gaming world ‘The Sandbox’ to launch $3M token raise on Binance Launchpad

08/05/2020
Waves integrates Band Protocol’s oracles to enable cross-chain use for Neutrino stablecoin
Networks & Protocols

Waves integrates Band Protocol’s oracles to enable cross-chain use for Neutrino stablecoin

07/14/2020
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

03/05/2021
P2P crypto escrow platform Escaroo adds staking function from Moonstake

P2P crypto escrow platform Escaroo adds staking function from Moonstake

03/05/2021
SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

03/05/2021
NFT platform Curio closes seed funding of $1.2M to fuel expansion

NFT platform Curio closes seed funding of $1.2M to fuel expansion

03/05/2021
IOTA token added as collateral asset on Bitfinex Borrow

IOTA token added as collateral asset on Bitfinex Borrow

03/05/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version