What’s New With The Addition Of BAND on Coinhako?
1. Trade BAND directly with Singapore Dollars (SGD) 🇸🇬
The NEW BAND/SGD trading pair prices BAND against the Singapore Dollar (SGD), and our users will be able to buy & sell BAND when they fund their accounts with SGD through direct bank transfers.
2. Trade BAND directly with Vietnamese Dong Trading (VNDT) 🇻🇳
The NEW BAND/VNDT trading pair on Coinhako prices BAND against the Vietnamese Dong (VND), and our Vietnam users will be able to buy & sell BAND when they fund their accounts with VND through direct bank transfers.
3. Trade BAND directly with US Dollars (USD) 🇺🇸
The NEW BAND/USD trading pair prices BAND against the United States Dollar (USD), and our users will be able to buy & sell BAND when they fund their accounts with USD with a Stablecoin deposit.
4. BAND Swaps (Crypto-to-crypto trading)
Coinhako users will also be able to trade BAND with other cryptocurrencies that are supported in their countries, with our ‘Swap’ function.
5. A BAND wallet for all
With the BAND wallet feature, Coinhako users can securely send (withdraw), receive (deposit) and store BAND.
What is BAND?
Band protocol is a cross-chain data decentralised oracle created to link smart contracts to any external data source or Application Programming Interface (API), allowing them to operate in a reliable manner.
Band protocol uses its own independent blockchain network Bandchain, which was created by Cosmos-SDK to help with consolidating data from multiple sources, group and filtering outliers, and packaging them in a manner that is easily identified across any other blockchain.
Transaction fees on the Bandchain are paid using the Band token (BAND), the native token on the protocol’s public blockchain. BAND is also issued as a governance token, which allows BAND token holders to have their say in the upgrade of Bandchain, by voting in on-chain governance.
The BAND token fulfils two functions; to pay transaction fees on Bandchain, and as a form of governance protocol for token holders to have a say in Bandchain upgrades.
Starting the year at just $0.22 USD, Band has yielded around 2600% in YTD gains.
At the time of writing, Band traded on Coinhako for $5.88 USD.
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All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.