About

Band Protocol is a secure and scalable decentralized oracle, serving as a layer-2 protocol on public blockchains. It allows dApps to leverage existing data on the internet without trusted intermediaries, bridging the use cases between Web 2.0 and 3.0. Band’s unique multi-token model and staking mechanism ensure that data is free from manipulation. By making data readily available and reusable on-chain, Band Protocol offers a cheaper and faster solution compared with alternatives, all without compromising security. Developers using Band Protocol will be able to build a wider range of dApps with integration to off-chain financial data, reputation scores, identity management systems, and much more, bringing blockchain closer to mass adoption.

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KEY FEATURES

Band Protocol offers a unique approach to decentralized data oracle by making data readily available to be queried on-chain, using delegated proof of stake to ensure data integrity. This offers many benefits:

Decentralized economic incentive: data providers have economic and reputation at stake to remain honest actors.

Cheap: over 50% cheaper than current decentralized alternative with much less gas consumed. Band’s smart contracts are optimized for gas usage and require less than 30,000 gas to process a query call.

Scalable: costs for data providers remain constant regardless of how many dApps are using the data. Once a datapoint is put on-chain, multiple smart contracts can consume the data without added cost to data providers.

Fast, instant query: logic can be processed within one transaction, requiring 0 blockchain confirmation. Data is readily available on blockchain so consuming data can be done synchronously within the same transaction.

Easy deployment: dApps can integrate with Band Protocol using a few lines of code, with no major modification. Querying data on Band dataset is merely a function call on a predefined interface.

Working products & traction: strong developer communities with live testnet and many developers have already started the integration on testnet.

IEO’s Details

  • GENERAL INFORMATION

  • IEO Platform:

  • IEO Opening Date:

    Sep 16th, 2019 6:00 am (UTC)

  • IEO Closing Date:

    Sep 16th, 2019 7:00 am (UTC)

  • Country of Origin:

    British Virgin Islands

  • TOKEN DETAILS

  • Symbol:

    BAND

  • Blockchain Type:

    Ethereum

  • Role of Token:

    Utility

  • Finance Information

  • Public Sale Hard Cap:

    5 850 000 USD

  • Total Token Supply:

    100 000 000 BAND

  • Tokens for Public Sale:

    12 368 200 BAND (12.3682% of total token supply)

  • Public Sale Token Price:

    1 BAND = 0.473 USD

  • Public Sale Vesting Period:

    No lockup

  • Token Distribution

    Within 15 days after end of token sale

  • Accepted Currencies

    BNB

  • Token Sale Format

    Lottery

  • Max Number of Winning Lottery Tickets

    19 500

  • Allocation Per Winning Ticket

    300

  • Private Sale Token Price

    1 BAND = 0.4 USD

  • Private Sale Allocation

    5

  • Private Sale Vesting Period

    Quarterly release over one year with 3 months cliff

  • Seed Sale Token Price

    0.3

  • Seed Sale Allocation

    10

  • Seed Sale Allocation

    Quarterly release over one year with 3 months cliff

  • Legal Information

  • Country of Incorporation:

    British Virgin Islands

  • Company Address:

    Portcullis Chambers, 4th Floor Ellen Skelton Building, 3076 Sir Francis Drake Highway, Road Town, Tortola, British Virgin Islands VG1110

  • KYC:

    Required

Team

  • Soravis Srinawakoon

    Soravis Srinawakoon

    CEO and Co-Founder

  • Sorawit Suriyakarn

    Sorawit Suriyakarn

    CTO and Co-Founder

  • Paul Nattapatsri

    Paul Nattapatsri

    CPO and Co-Founder

  • Bun Uthaitirat

    Bun Uthaitirat

    Chief Fun Officer and Developer

  • Kanisorn Thongprapaisaeng

    Kanisorn Thongprapaisaeng

    Developer

  • Prin Rangsiruji

    Prin Rangsiruji

    Developer

  • Atchanata Klunrit

    Atchanata Klunrit

    Operation and legal office