Cryptocurrency Q&A
What is a band token?
What is a band token?
CryptoElite
Mon Oct 28 2024
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6
answers
1445
I heard about band tokens and I'm wondering what they are. Could someone explain to me the concept of a band token and its use cases?
6 answers
DongdaemunTrendsetterStyleIcon
Wed Oct 30 2024
Validators within the BandChain network are responsible for fulfilling data requests.
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Bianca
Wed Oct 30 2024
As part of this responsibility, validators are required to stake BAND tokens.
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CryptoNinja
Wed Oct 30 2024
In return for staking their BAND tokens and fulfilling data requests, validators earn a portion of the query fees.
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SeoulSerenitySeeker
Wed Oct 30 2024
BandChain operates on a decentralized oracle network that leverages the native BAND token.
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isabella_doe_socialworker
Wed Oct 30 2024
Additionally, validators are rewarded with block rewards for their contributions to the network.
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