Binance Launchpad, Binance’s token launch platform for blockchain projects, recently announced that it will be introducing its ninth project of the year with Band Protocol.

An Open Protocol for Decentralized Data Governance

This has been an exciting year for Band Protocol, which received funding from lead investor Sequoia India, Dunamu & Partners, and SeaX Ventures totaling US$3 million in seed investment. 

The objective of the platform is to build an open protocol for decentralized data governance on public blockchains such as Ethereum, EOS, and Cosmos. Band Protocol has stated that it aims to become “the most secure and scalable decentralized world’s database where any decentralized applications can rely on for trusted data.” 

Smart Contracts for Mass Adoption

Soravis Srinawakoon, Co-founder and CEO of Band Protocol, pointed out that an issue with mass adoption is security.

“For example, the decentralized finance ecosystem currently locks up $500 million USD within its smart contracts, but it relies heavily on critical centralizing points of weakness in the designs of the oracles used, severely limiting the potential for mass adoption due to systemic risk,” said Soravis. 

“Band Protocol provides a compelling alternative for projects to solve this, with an infrastructure middleware layer protocol that facilitates faster, cheaper, more secure, easier-to-integrate oracles for blockchains.”

To hear more about Band Protocol’s project, join special talks with Soravis at Unblock Tokyo on October 5th, where developers, influencers, and leaders in the international blockchain and crypto ecosystem will gather to discuss the hottest topics in the blockchain and crypto community. 

Register now with the promo code “BAND25” for 25% off your ticket price: http://bit.ly/33G3i1l

Source: https://www.binance.com

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