I read that BAND Protocol is a decentralized project with an open blockchain protocol launched to build token-focused communities. The purpose of Band Protocol developers is to enable them to connect and operate different communities through reliable data sources and decentralized protocols.
The BAND Protocol actually aims to solve the two biggest problems in the cryptocurrency market. The reliability of decentralized applications' data sources and the scalability of blockchain networks are seen as the two main problems planned to be solved with BAND Coin. While blockchain technology is constantly evolving and spreading to mainstream audiences, I think it won't find full general acceptance until the scalability problem is resolved.