{"id":1007,"date":"2021-07-08T18:03:00","date_gmt":"2021-07-08T18:03:00","guid":{"rendered":"https:\/\/deficoins.io\/?page_id=1007"},"modified":"2021-07-08T18:03:00","modified_gmt":"2021-07-08T18:03:00","slug":"band-protocol-review","status":"publish","type":"page","link":"https:\/\/deficoins.io\/review\/band-protocol","title":{"rendered":"Band Protocol Review: Everything You Need to Know About BAND Explained"},"content":{"rendered":"
The cryptocurrency market is known for its price fluctuation. It can be either a decrease or an increase even up to ten times, mostly during a market bull.<\/p>\n
Thought, it is relatively abnormal to record a ten times decrease in 30 days when the market is calm. This can only occur when one manipulates the asset value or if the asset is a BAND, Band protocol’s native token.<\/p>\n
The Band protocol is a digital project aiming at solving the oracle problem in the crypto space. It creates platforms that source and feeds reliable \u2018real-world\u2019 data to smart contracts and Dapps in a decentralized manner.<\/p>\n
The Band network has been existing for some years now, but the team has just released the protocol’s revised mainnet.<\/p>\n
However, this Band Protocol review contains a lot of information about the protocol\u2019s history, the native token, how it works, and many more.<\/p>\n
It is a must-read for beginners and individuals who are inquisitive to know more about the band protocol. After reading it, you\u2019ll get the information that will guide you about the project.<\/p>\n
Contents<\/p>
Soravis Srinawakoon, Sorawit Suriyakarn and, Paul Chonpimai are the founders of the Band Protocol. The co-founders worked with the team members to establish the protocol in 2017.<\/p>\n
Soravis Srinawakoon nurtured the project vision in his mind before working it out-he is the CEO of the protocol. He was the Ericsson & management consultant\u2019s software engineer at the (BCG) Boston Consulting Group.<\/p>\n
While still with the BCG, Soravis discovered many start-ups, including deep-fried Tofu chips, energy drinks, and even coffee.<\/p>\n
He later involved himself with crypto in 2014 on hearing that MIT airdropped Bitcoin worth USD 100 to the undergraduates who finished a survey.<\/p>\n
Each respondent got 0.3 Bitcoin out of the USD 100, which is equivalent to USD 3,500 currently. The CEO and his friends designed a crypto gambling website that became twice a Bitcoin faucet.<\/p>\n
The project gave Bitcoin rewards to users for winning the \u2018casino Esque games\u2019 on its webpage.<\/p>\n
When the website is at its peak, Soravis sold it and invested the fund on another project known as the Band protocol. The CEO with his team designed the protocol to focus mainly on the \u2018Oracle\u2019 element.<\/p>\n
They removed the \u2018community-focused ethos\u2019 of the \u2018Ethereum based\u2019 version from the protocol and started developing new, cheaper, faster, developer-friendly, and specialized oracle protocol that beets others in the crypto market. This resulted in the June 2020 launching of the Band project\u2019s \u2018new\u2019 mainnet.<\/p>\n
The co-founder Quora Sorawit Suriyakarn was formerly a software engineer at Dropbox. He is the Protocol’s CTO\u00a0 presently – a gold medalist competitive programmer.<\/p>\n
Lastly, Paul Chonpimai was a web developer and an engineer at Turfmapp and Tripadvisor, respectively. He is currently the CPO of the Band Protocol.<\/p>\n
Other Band Protocol team members, as listed on their\u00a0 LinkedIn page, are twenty employees, including developers, engineers, and designers scattered within Asia.<\/p>\n