We’re happy to announce that Band Protocol will be running an Automated Price Reserve (APR) for the BAND token on Kyber Network!

The BAND token will be accessible through KyberSwap and other DApps and platforms that are powered by Kyber’s on-chain liquidity protocol — the most popular #DeFi protocol in terms of number of users and integrations.

To date, Kyber Network collectively supports over 70 ERC20 tokens. Learn how to buy/sell ERC20 tokens on KyberSwap with our basic guide.

Listing information for BAND

Listing date: Tue, 07 April, 2020

Listing time: 9 PM (GMT+8)

About Band Protocol

Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot access trusted real-world information available outside the networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.

Band Protocol 2.0, introduces BandChain, a high-performance blockchain built purely for oracle computations to accommodate user-defined data requests and support various data oracles on multiple blockchains. Band Protocol collaborators include bZx, Elrond, Certik, Wanchain, Tomochain, Troy, AirSwap, Fantom and Kava.

For example, DeFi apps can query volume-weighted price feeds from centralized and decentralized exchanges with Band Protocol to use as reference data to determine token swap rate or to detect price deviations from other oracles. . Prediction market and gambling Dapps can use real-world event feeds from Band Protocol to resolve smart contract logics..

Band Protocol offers the following features:

Decentralized & Community Curated Solution

Band Protocol adopts a community-curated approach whereby anyone is able to stake BAND tokens to participate and fetch data for data requesters and earn block rewards.

Band Protocol adopts a community-curated approach whereby anyone is able to stake BAND tokens to participate and fetch data for data requesters and earn block rewards. High Throughput & Latency

By having an independent blockchain built specifically for oracles, heavy computations such as data sourcing and aggregation are offloaded from any target blockchain (i.e. Ethereum) to streamline data requests and mitigate any network congestions issues.

By having an independent blockchain built specifically for oracles, heavy computations such as data sourcing and aggregation are offloaded from any target blockchain (i.e. Ethereum) to streamline data requests and mitigate any network congestions issues. Flexible & Customizable Data Query

Band Protocol enables the creation of a data request script where decentralized applications have full flexibility in defining how the data they need is sourced and aggregated. Hence, data feeds can be consumed safely whether through any developer defined method such as median, time-weighted, volume-weighted moving average.

Band Protocol enables the creation of a data request script where decentralized applications have full flexibility in defining how the data they need is sourced and aggregated. Hence, data feeds can be consumed safely whether through any developer defined method such as median, time-weighted, volume-weighted moving average. Secure Connections to High Quality Data

BandChain enables on-demand data query from any traditional open API and will be able to facilitate cross-chain payment for permissioned oracle data from private or credentialed APIs which deliver premium data.

BandChain enables on-demand data query from any traditional open API and will be able to facilitate cross-chain payment for permissioned oracle data from private or credentialed APIs which deliver premium data. Cross-Chain Compatibility

With a key focus on being blockchain-agnostic and established partners such as Fantom, Kava, Tomochain and more — Band Protocol seamlessly connects to any other blockchain through bridge contracts or Cosmos-based blockchain through IBC.

Band Token

BAND is the native token used to secure Band Protocol’s high-performance oracle blockchain and used as a medium of exchange for query fees for private APIs or APIs under a paywall. Individuals can stake BAND to contribute to sourcing and aggregating data for data requesters in return for block rewards. Band Protocol has onboarded a cohort of reputable block validators such as Stakefish, Chorus One, Cosmostation and more for token holders to safely delegate their tokens.

Connect to real world information

Without access to external data, the use cases for dApps are limited. Prediction markets are too illiquid to be practical. Band Protocol provides community-curated on-chain data feeds, backed by strong economic incentives which ensure the data stays accurate.

Connect to any open API

Band Protocol provides an infrastructure for blockchain applications to connect with any open API without relying on a centralized party. This allows dApps to leverage existing data on the internet without compromising security, bridging the use cases between Web 2.0 and 3.0.

Data availability and reliability in decentralized platforms has restricted adoption since the inception of smart contracts. Band Protocol provides a standard framework for the decentralized management of data, serving as a fundamental query layer for applications that requires access to off-chain information. This eliminates the critical centralizing trust and points of failure that the oracle problem typically introduces to decentralized applications with other designs.

Band Protocol Collaborates with bZx to Implement Price Feed Oracles for Lending and Margin Trading

How Band Protocol Oracles Will Be Used

With Band Protocol’s new data oracle script, they have enabled the flexibility for bZx to fine-tune the oracle and data aggregation method to suit the respective needs. Thus, Band Protocol will feed time-weighted price information that takes into account slippage and liquidity while also geographically diversifying bZx’s oracle risk through data providers across the globe.

If there is a deviation between the quoted rates, Band’s price, and Chainlink’s price, the transaction will revert — everything stops. Hence, if the quoted rates have been manipulated or an oracle fails/becomes malicious, there’s a circuit breaker to halt further trades and avoid jeopardizing user funds. This oracle design is expected to be featured in the full re-release of the bZx protocol. Read more here: https://medium.com/bandprotocol/band-protocol-collaborates-with-bzx-to-implement-price-feed-oracles-alongside-chainlink-e48d4e20de19

For more information on Band Protocol

Token information: BAND

Etherscan: https://etherscan.io/token/0xba11d00c5f74255f56a5e366f4f77f5a186d7f55

Coinmarketcap information: https://coinmarketcap.com/currencies/band-protocol/historical-data/

$6,000 in prizes to be won in KyberSwap’s BAND Trading Contest

Contest Page here. KyberSwap announcement here.

To celebrate the listing of BAND token on KyberSwap, we are happy to announce a joint trading contest with Band Protocol (BAND), which will be available from 07 April 21:00 to 21 April 23:59 (GMT+8).

$5,700 in Trading Prizes:

🥇1st place: $1,200

🥈2nd: $900

🥉3rd: $600

4–53th (next 50 users): $60

BONUS $300: Win even more by retweeting about this contest

10 lucky Twitter winners will also gain $30 each!

To win:

Follow Band Protocol and KyberSwap on Twitter

Retweet our pinned tweet about the BAND trading contest

Tag 3 friends in the comments, with the hashtag #SwapBAND

Duration: 07 April 21:00 to 21 April 23:59 (GMT+8).

*Winners will be randomly selected

About Kyber Network

Kyber’s on-chain liquidity protocol allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem. Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps — helping to build a world where any token is usable anywhere.

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