Review on Band Protocol by Paul Maduagwu
BAND is taking it's market share.
Overall $BAND is a good project. One of the few that actually has a use. $BAND provides decentralised offchain data to Blockchain applications. Which in my opinion will be relevant for a long time to come.
I also like it's high staking %APR. Plus it's doing well price wise, especially since joining top crypto Exchange Coinbase. $Band is definitely a project worth looking into.
Sending fund's are quick enough on the mainnet and cheap. The fundamentals are there and there is also good product promotion. I give $BAND 4 stars.
Pros
- Unique usecase (oracle).
- Mainnet.
- Good partnerships e.g with coinbase.
- Listed in major exchnages.
- Staking support. ~17% APR
- Active community.
- Cheap transaction fees.
Cons
- Staking has an unbonding period if you want to unstake (good for the network, but bad if you are in a hurry to get your funds)
