How to Buy Band Protocol (BAND)?

What is Band Protocol?

A network of users can be encouraged to supply real-world data to decentralized applications (dapps) that operate on blockchains by using the Band Protocol, a piece of software.

Such a service is offered by Band Protocol using software that rewards a specific group of users known as validators for providing and verifying external data in order to guarantee the proper execution of their smart contracts.

Band Protocol is frequently referred to be a "decentralized oracle" system in this manner.

The Band protocol, which first ran on the Ethereum blockchain, later created its own blockchain using Cosmos technology to transmit data between other blockchains, including those built on Cosmos.

How Does Band Protocol Work?

Band Protocol serves as a bridge between blockchains and older Internet data sources.

Information is transferred via data streams from the rest of the internet and the program manages data requests from decentralized applications. It accomplishes this utilizing its own blockchain, ensuring that all of its transactions are examined and validated by the public.

Validators are in charge of verifying that Band Protocol transactions are accurate and adding new transactions to the blockchain.

A validator on the Band Protocol needs to be in charge of a specific number of BAND tokens, which they can buy or transfer from one user to another.

The top 100 candidates with the most BAND tokens are selected as validators by the network. Validators must follow certain rules, such as making sure they are not offline, responding to network events and confirming transactions correctly.

Why should I buy BAND Token?

A growing Oracle solution supplier, Band Protocol has a dedicated focus on enabling Web3. Its goals of providing a quick, scalable, adaptable, and interoperable service ought to appeal to developers who want to join the Web3 ecosystem.

How to Buy Band Protocol (BAND)?

How to Register at Gateio?

Click here to register with Gateio, the most preferred exchange for cryptocurrency investment, with a commission discount.
Simply enter the requested information on the page that opens. After completing the "nationality, e-mail address, password and password verification" processes correctly, you can complete the registration process by clicking the confirmation e-mail sent to your e-mail.
 

Gateio KYC Verification

All cryptocurrency exchanges require KYC verification. Although it may cause doubts in the minds of some, the truth of the matter is that it is necessary to know that exchanges that do not require KYC verification should be avoided. This is because identity verification also prevents someone else from opening an account on behalf of the user.

After confirming the verification e-mail sent to you after registering by Gateio, you must enter the site and upload the requested documents. After uploading the front and back side of your ID and selfie (selfie) document, you will complete the registration process.

How to Transfer Money to Gateio

After completing the Gateio registration process, you can now proceed to the deposit process. You can buy Bitcoin or Tether (USDT) with a credit card. You can pay by credit card by clicking on the "Fiat trading" tab on the main page.

To transfer money from another exchange to Gateio, go to the "wallet" section and select the cryptocurrency you want to transfer, then simply paste the wallet code you will be given into the "wallet code" requested section after selecting the appropriate cryptocurrency on the exchange you will transfer.

Attention!
If you are transferring Tether (USDT) from Gateio, Binance or other exchanges, select "TRC20" instead of ERC20 in the "network selection" section. When you choose ERC20, the transfer fee will be much higher. However, with ERC20, you will pay a commission of 1 USDT. Of course, to do this, don't forget to select the TRC20 network in Gateio as well.