Cryptocurrency Q&A What is a band coin?

What is a band coin?

Isabella Isabella Wed Oct 30 2024 | 6 answers 1050
I've recently encountered the term 'band coin' and I'm curious to learn more about it. Could someone explain what a band coin is, its purpose, and maybe even its historical background or usage in modern times? What is a band coin?

6 answers

DondaejiDelightfulCharmingSmileJoy DondaejiDelightfulCharmingSmileJoy Fri Nov 01 2024
The native token of the Band Protocol ecosystem is known as BAND.

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SakuraSmile SakuraSmile Thu Oct 31 2024
Band Protocol operates by providing blockchains with reputable and verifiable real-world data.

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Margherita Margherita Thu Oct 31 2024
This token serves a dual purpose within the network.

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FireflySoul FireflySoul Thu Oct 31 2024
Validators utilize BAND as collateral when fulfilling data requests.

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CryptoTitanGuard CryptoTitanGuard Thu Oct 31 2024
It acts as a guarantee of their commitment and reliability.

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