Band Protocol
About Band Protocol
The price of Band Protocol (BAND) is $1.20 today, as of Sep 20 04:01 a.m., with a 24-hour trading volume of $7.11M. Over the last 24 hours, the price has increased by 6.14%. Band Protocol currently has a circulating supply of 144.89M and a market cap of $173.82M.
Band Protocol (BAND) is a cross-chain data oracle platform that aggregates and connects real-world data to smart contracts. The project’s mission is to bring external data sourced through traditional web APIs, such as stock prices and weather, onto blockchains. Band Protocol is blockchain-agnostic, which allows for interoperability between smart contracts and the traditional web.
Band Protocol released its token via an Initial Exchange Offering (IEO) in the fall of 2019. During the IEO, tokens were sold for $0.473 to the public, representing 27.37% of the total supply of BAND tokens. Other holders of BAND tokens include private investors, advisors, the Band Protocol Foundation and the Band Protocol ecosystem. The total supply of BAND tokens is capped at 100 million, a figure expected to be reached by mid-2024 according to the token release schedule.
On Sept. 18, 2019, BAND token debuted trading at $0.64 per token. On Apr. 12, 2021, the BAND token hit an all-time high of $23.23 but experienced a drawdown in May and June amid a broader market sell-off. For the next several months, BAND continued to trade between $5 and $10 per coin.
The token is supported on several centralized and decentralized exchanges, including Binance, Coinbase, Huobi and Uniswap.