Topic: Band Protocol - Cross-Chain Oracle solution & Chainlink Competition - Next 100X? - page 4. (Read 1137 times)

This thread was opened on the 24th of April. BAND is moving, but you still have time to jump on!


New Released website: https://bandprotocol.com/

Mainnet Announcement today: https://medium.com/bandprotocol/countdown-to-bandchain-wenchang-mainnet-launch-74e9bebe578a

Nearly 4x Since Posting.  The path to 100x is still ongoing. Hope you guys took notice when I posted.

The OP here has nailed it! Did you anyone else jumped on?:-)

Almost doubled your money already!
Theres room for more than just Chainlink in the Oracle space.


BAND is following.. quickly.

I did some reaserch about BAND yesterday, and I'm in now, a few bucks in plus. Thx guys. By the way, nice buywall on binance.

What your saying is the reasons why this has so much potential. Oracles are so important within Blockchain technology.
And Band Protocol only has a small market cap compared to the others and with Bands tech extremely well put together.
This will only rise.
As we have seen the past few months.

Band protocol has already risen by nearly 10 cents since posting this.. and these rises have been consistent for the past month.


Band is just getting started..  still cheap as!

On the contrary, the cryptospace is greatly underserved by oracles currently. LINK, BAND, Tellor and maybe one or two others are the only projects focused on the oracle use case. Smart contracts are a key use case of crypto, and there are many smart contract platforms, but they are of little use without oracles providing the link to the 'real' world outside their blockchains. The oracle space has enormous room to grow.

You may check the initial price of the atom token and the current price, issues? DyoR

Anyway, by fact, Band Protocol is so much undervalued compared to LINK so the upside potential, roi-wise is a no brainer.
I strongly believe that Band will do very well in the upcoming months, especially after their mainnet launch on cosmos with 15 industry-leading Staking providers.

Chainlink is bloody overvalued, for anyone not believing here, just check this: https://www.reddit.com/r/CryptoCurrency/comments/g2cswj/chainlink_is_the_most_overvalued_cryptocurrency/

BAND is also partnered with Kava, Fantom, Wanchain and Tomochain to bring them oracle data.
BAND is using the Tendermint protocol which allows 1,000 tps, so BAND will have large capacity for providing oracles.
Partnered with 15+ validators including Cosmostation, Chorus One, Stake.fish, Figment Networks, StakeWithUs, Infstones, Forbole and WeStaking.

Too much oracle project this day. Chainlink, aeternity, and there were so many orcale project these days and what makes you feel if crosschain project has a very huge potential to growth? It sounds like you are over optimistic dude. I have seen some platforms that focused to create cross chain ecosystem already failed to achieve their target. Let say ark is one of them.

The partner of band called cosmos has already faced a very difficult time with its token price.

so I found the answer to the continuous BAND pump when the market was full of blood. It's really surprising to know that BAND is the oracle provider for Binance. I believe in the future both BNB and BAND will be one of the strongest growth alts. Technically speaking, it is actually a bit better than Link but the problem is that it does not have a large community like Link. That is why it has not been pumped as strongly as Link. I also hope that BAND is getting more and more attractive by what they have contributed to the crypto market and soon X100 during the bull run.

Feel free to ask me any questions on there Telegram
t.me/bandprotocol

We've all seen how well Chainlink has done recently, Oracles are going to be important in the not to distant future and Band is no different.
In fact, Band has many advantages over Chainlink, looking at the chart and recent partnerships it's clear, Band is growing rapidly yet still a tiny marketcap of 10m.
You've still got time to board the train, just.

Band are a data governance framework for Web3.0 applications. It operates as an open-source standard and framework for the decentralized management of data, designed to allow users to build and manage off-chain oracles, reputation scores, identity management systems, token issuances and token curated registries.


Both BAND and Chainlink work on the decentralized oracle. Here is the difference on how Band is different from Chainlink:

1) Band focus a lot security through economic (we have staking mechanism from day 1)Usage simplicity (getting data from band is just 1 function call, while on ChainLink you need to use asynchronous + callback function)

 2) speed (data is readily available  query for Band and can be processed within same transaction, not for ChainLink which requires at least 3 block confirmations).

3) Cost (if you query from 7 data providers in Chainlink, it will cost you over $7 whereas for Band right now the fee is $2 and we require much less gas to process.

4) scalability: because Band data is pushed on chain, the cost is fixed regardless of how many dApps use us whereas for Chainlink, it's on demand so if there are more dApps requiring same data, ChainLink has to perform that query again and again adding to the cost.

In addition, I believe this data layer space is huge and multiple protocols with different trade-offs can co-exist. The space is quite complementary actually, as dApps will likely request data from multiple oracles to make sure they do not rely on just one source of truth (hence single point of failure)



Take a look at the Chart for band, It looks very similar to when ChainLink was about to explode, I see no reason why Band is not about to do the same.
Band release new partnerships every day and here is just a few:

- Cosmos
- Kardiachain (Band will provide the data in Viatnamese Dong and crypto pricefeeds in Mobile Payments infrastructure for over 60 million customers
- Top South Korea based Validator we staking partners with Band Protocol

I could go on, over 14 partners.
One of the assets on Coinbase Custody to
https://custody.coinbase.com/assets



AND one last major thing.. let's not forget they are the oracle provider for Binance - https://www.binance.com/en/blog/406006839228116992/Powering-DeFi-and-Crosschain-Interoperable-Decentralized-Applications-with-Binance-API-using-Band-Protocol

And what's coming.. Binance Chain.




Band protocol seriously has potential for a 100x and it is still under the radar!