Band Protocol Price | BAND Price Index and Live Chart

Total
0
Shares

According to the project’s website, “For every data request to BandChain, which requires BAND tokens in the form of transaction fees, validators and their delegators earn a fee for fulfilling oracle requests and producing blocks.” This ensures that all stakeholders on the oracle network including data requestors (protocols, developers), validators and BAND token holders are economically aligned. The more usage on BandChain, the more protocol fees are accrued by validators and token holders creating a positive feedback loop enhancing security and demand for BAND.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like