Band Protocol Teams Up With Brave New Coin For Crypto Price Oracles
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Band Protocol Teams Up With Brave New Coin For Crypto Price Oracles

November 23, 2020      Jafrin Ahmed

Band Protocol and Brave New Coin (BNC) are partnering to bring 1500 crypto spot prices calculated by BNC’s crypto data engine through the BandChain decentralized oracle network. The partnership will ensure that smart contract developers can integrate and utilize spot price oracles on any blockchain platform. Over the long term Band Protocol’s integration with Brave New Coin will enable premium data source owners to automatically start collecting revenues on-chain from next year.

Band Protocol Partners With Brave New Coin

Band Protocol is a cross-chain oracle platform that aggregates real-world data and APIs to smart contracts. It enables smart contract-based apps such as DeFi, betting markets, and blockchain-based games without needing to rely on any centralized oracle.

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Band Protocol founder Soravis Srinawakoon commented on the partnership that working with

“established and reputable enterprises such as Brave New Coin will be pivotal to Band Protocol’s success as we collaborate to provide a commercial solution that protects intellectual property and data privacy while enabling the smart contract world to interact with external data sources.”

Brave New Coin’s spot prices works by providing a fair price for any tracked digital asset from near real-time trading across top crypto exchanges.

CEO of Brave New Coin, Fran Strajnar adds:

“Band Protocol and BNC are leading the way in bringing scalable, decentralized and non-custodial products and solutions for trading, investment and analysis for smart contract developers to seamlessly utilize.”

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Creating Custom-Made Oracles Within Minutes

Band Protocol allows developers to create custom-made oracles with web APIs within minutes. It also enables enterprises to commercialize their data by creating premium oracles for developers to integrate.

As of now, Band Protocol is integrated on top decentralized smart contract platforms such as Ethereum, Binance Smart Chain, Cosmos, Polkadot, ICON, Waves, and Matic Network. The data oracle platform is backed by top VC firm Sequoia Capital, also the world’s popular cryptocurrency exchange Binance.

#Band Protocol #BandChain #Brave New Coin #Crypto Price Oracles #Oracle Nework #Spot price oracles
Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.