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What is the issuance price of BAND currency Introduction to the

Date:2024-08-07 19:22:37 Channel:Wallet Read:


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BAND coin, which can also be called Peninsula Protocol, aims to create the most secure and scalable decentralized database to provide a more reliable data source for Dapp. The highlight of this project is that it allows Dapp to use all existing data without the need for some intermediary connections, which provides users with a cheaper and faster solution while ensuring its security, which can be said to have dragged down the progress of blockchain applications. Many investors are very interested in BAND coin because of these advantages of Peninsula Protocol, but they don't know what the issue price of BAND coin is yet? Let the editor of Coin Circle introduce the issue price and issue time of Peninsula Protocol coin.

 Introduction to the issue price and issue time of Peninsula Protocol coin

According to the investigation of the editor of Coin Circle, the issue price of BAND coin is $0.4730, the crowdfunding price is $0.4730, the issue time is September 19, 2019, the total issue is 100 million, the circulation is 20.494 million, and the circulation rate is 20.49%. According to the latest market data, as of 14:08 on August 23, 2021, the price of BAND coin is $9.9297, with a return on investment of 1999.30%, a circulating market value of $203 million, and a global ranking of 122nd.

Band Protocol aims to build the most secure and scalable decentralized database to provide trusted data for decentralized applications (dApps). Developers and dApp companies using Band
Protocol consume data through public smart contract data points, rather than based on centralized oracles separated from the blockchain. In this way, dApps can ensure security while leveraging existing data on the Internet, building a bridge between Web
2.0 and Web 3.0 use cases.

Band's vision is to become a decentralized world database that any decentralized application can rely on to obtain trusted data. Smart contracts cannot access data on their own, that is, for decentralized applications, there is no built-in and effective function to receive real-world data. Currently, data availability solutions for blockchain smart contracts are either highly dependent on central databases, which may lead to single points of failure or are limited by asynchronous interactions, resulting in delays and complicating smart contract logic.

 Is BAND worth investing in?

When the Peninsula Protocol integrates other smart contracts, it consumes data in the database and is subject to the risk of invalid data and malicious data attacks. The BAND Protocol has been positioned as a decentralized cross-chain oracle from the beginning. By establishing a data set within the protocol, each data set is given its own token as an incentive, and a joint curve model is used to link the data set token with the value of the protocol's native token BAND. The endogenous data set system is bound to the protocol, which not only ensures the consistency of interests of all participants, but also ensures the security of the protocol. Its model is relatively new. It is currently cooperating with major public chains to develop into a cross-chain oracle, but the risk is that as more smart contracts are integrated, the risk of malicious attacks increases. In addition, the BandChain mainnet is expected to be launched in the second quarter of 2021.

At present, DEFI projects are hot. Decentralized oracles have certain advantages as essential components for data feeding of various protocols. BAND itself has been integrated with major public chains. With the contribution and maintenance of participants, the higher the effectiveness and security of the protocol, the higher the value of the protocol itself will be. The team continues to work hard, and the information on token release is relatively transparent.

In summary, this is the answer of the editor of the Coin Circle to the question of what is the issue price of BAND coin. I hope that this introduction to the issue price and issue time of the Peninsula Protocol coin can help investors to have a deeper and more thorough understanding of the currency BAND coin. The editor of the Coin Circle reminds all investors here that the decentralized oracle is currently an essential component in the data protocol, and the development of BAND also relies on it. With the improvement of the security of the protocol, the value of this protocol will also increase. This is beyond doubt, so the development prospects of BAND are still good. Friends who want to invest can pay more attention to or pay attention to the Coin Circle. The editor of the Coin Circle will continue to update relevant reports for everyone.

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