Users of Band Protocol have to say,BAND is the best investment of the decade hands down their backers what they are building as a use case, where they are building it on and the list of good qualities go on and on. Several users approve of how they have delivered a lot.

About the Coinmarketcap strategically partnering with Band Protocol users have to state that the partnership extends deeply into both teams working in collaboration on the launch of Band Chain Phase 2 where institutional data providers, such as CoinMarketCap, will have an avenue to monetize their data and automatically collect revenue on-chain.

For clarity, Coinmarketcap, is the most referenced price tracking site in the cryptocurrency space.  Of note, Coinmarketcap have partnered with Band Protocol and integrated their enterprise-grade crypto data into the Band Standard Dataset. 

This is the largest and most frequently updated price oracle feed that is curated on a fully decentralized network of nearly 72 reputable and trusted validators.

Batuhan Dasgin, Head of Business Development at CoinMarketCap stated, “CoinMarketCap are thrilled to join hands with Band Protocol, a decentralized and cross-chain decentralized oracle, to integrate our enterprise-grade price data for the growing cohort of DeFi applications to readily use. We look forward to working with their team in the ramp-up to the BandChain Phase 2 to release premium CoinMarketCap oracle script for developers to access while automatically collecting revenue on-chain for our team.”

Kevin Lu, Head of BD and Growth at Band Protocol stated, if you have $BAND, you don’t merely have a token or ‘coin’. You have a piece of a decentralized oracle network with 70 reputable nodes and 1.25M requests in production. You have the ability to earn oracle fees by providing highly secure data for DeFi and blockchain dapps.

Band Protocol (BAND) Getting More Ready in the Store

For those who are new to Band, CoinMarketCap provides a beginners guide on What is Band Protocol? How do Band Protocol Oracle Work? And, What is Band Token?

Band Protocol are currently working with Mirror Protocol to improve the degree of security and redundancy of the stock oracle script.  They are onboarding four more institutional-grade data providers in the short-term who will also be supporting BandChain Phase 2.

When all is set, Mirror will be able to react more quickly to market trends, news, and announcements.

This is indicative of more is in store and therefore good for interested users to stay tuned.