Band Protocol (BAND) is a decentralized oracle network that connects smart contracts to real-world data sources, enabling secure and reliable data feed for decentralized applications (dApps). By utilizing a network of nodes to aggregate and verify data, Band Protocol aims to provide fast, accurate, and tamper-proof data to power various use cases in the decentralized finance (DeFi) ecosystem, including lending, trading, insurance, and more. BAND tokens serve as the native currency of the Band Protocol network and are used to pay for data requests and node operation fees. With its focus on interoperability and scalability, Band Protocol aims to become a crucial infrastructure layer for the rapidly growing DeFi ecosystem.
https://bandprotocol.com