Band Protocol (BAND) is Now Available on INDODAX!

Band Protocol (BAND) is a cross-chain data oracle platform that connects APIs to smart contracts. Founded by former management consultants and software engineers, BAND combines real-world data with blockchain technology to unlock new use cases for developers and users.

This article will introduce Band Protocol (BAND), recently added to INDODAX on the ERC-20 network. So, what is Band Protocol (BAND), and how to buy it?

Read below to get to know Band Protocol (BAND) before buying!

Data and Information Band Protocol (BAND) Token

Band Protocol is a cross-chain data oracle platform that can take real-world data and supply it to on-chain applications while also connecting APIs to smart contracts to facilitate the exchange of information between on-chain and off-chain data sources.

By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore—since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more.

Band Protocol was initially launched as an ERC-20 project on the Ethereum blockchain in September 2019 but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain relay data and are involved in block production/validation, giving them a dual role.

BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests and the main medium of exchange on BandChain—used to pay for private data.

Founder of Band Protocol (BAND) Token

Band Protocol was founded in 2017 by Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn.

Soravis Srinawakoon, the current CEO of Band Protocol, is a former software engineer at Ericsson and management consultant at The Boston Consulting Group. Paul Chonpimai, on the other hand, is Band Protocol’s CPO, a former web developer at Turfmapp and an engineer at Tripadvisor. Lastly, former software engineer at Dropbox and Quora Sorawit Suriyakarn is Band Protocol’s current CTO and a gold medalist competitive programmer.

In addition to the founding team, the Band Protocol LinkedIn page currently lists 20 additional employees, most of which are scattered throughout Asia and include designers, developers and engineers. Major global investors, including Sequoia Capital, Dunamu & Partners, Spartan Group, and Binance, also support the platform.

Band Protocol (BAND) Crypto Asset Ranking

As of December 6, 2023, the CoinMarketCap ranking of Band Protocol (BAND) is #172, with a market cap of USD 211,385,345. It has a circulating supply of 136,626,447 BAND coins and a maximum supply of 140,808,891 BAND coins.

How to Buy Band Protocol (BAND) Crypto Asset on INDODAX

Now that you’ve discovered more about Band Protocol (BAND), you can start investing in Band Protocol (BAND) crypto assets on INDODAX easily and securely by visiting the INDODAX website or downloading the INDODAX Mobile App from the App Store or Google Play Store on your device.

To buy Band Protocol (BAND) crypto assets on INDODAX, follow the steps below:

Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
Then, deposit by reading how to make a deposit below
After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
Search for BAND in the IDR market, and click to visit the crypto asset page
On the crypto asset page, enter the balance and desired BAND purchase price, or buy instantly at the current price
Next, you should wait for the price to increase for some time
Once the price increases, your assets can be sold at a higher price with the Instant method
If you use the Limit method, make sure to place a sell order after purchasing the asset and enter a higher sell number