BandChain Wenchang: Stage 2 Update
BandChain Phase 0 mainnet has been live and stable for over a week with 100% uptime. Number of validators has grown from 17 genesis validators to over 33 reputable active nodes bonding over 71+ million BAND tokens to produce more than 600,000+ blocks. There has been a steady growth of BandChain addresses, increasing towards 1000 addresses as of today!
Following the completion of the BandChain Genesis Ceremony in Stage 1, we’ve pushed hard to onboard various ecosystem partners alongside releasing support for public token transfer and staking.
With Stage 2 wrapping up next week, below are some of the highlights that have been announced so far.
Binance Token Swap Support
Binance has announced support for both deposits and withdrawals of the BAND mainnet token and ERC20 token.
This can be done through the deposit and withdrawal pages where users can choose between any of these networks. For example, you can buy or deposit ERC20 BAND on Binance and subsequently withdraw it to your personal BandChain Mainnet address.
BitMax
Staking support alongside the listing of the BAND token on BitMax, a next-generation digital asset trading platform with over $400+ million in daily volume, went live on the 10th of June 2020.
This exchange support was kickstarted with a promotional staking event allowing all eligible stakers to earn additional bonuses on top of regular rewards.
CosmoScan
We have launched a new block explorer that is compatible with any Cosmos-based blockchain called CosmoScan. The explorer is built on a cutting-edge technology stack and is completely open source to allow any blockchain built on Cosmos to utilize and leverage.
CosmoScan can be used to track BandChain transactions in real-time, block productions, validator summaries and also to stake BAND directly using a Ledger Wallet. In future releases, support for redelegation and visibility into oracle scripts will be rolled out.
IBC/Cosmostation Wallet
BandChain genesis validator and strategic partner, Cosmostation, has released support for the BAND Mainnet token on IBC Wallet which supports iOS, Android and Web for the Band Protocol community to securely store and stake BAND.
Below is a comprehensive step-by-step guide to get a personal BandChain address set up and begin staking or managing BAND tokens.
Atomic Wallet
Having completed full support for the BAND Mainnet tokens on desktop and mobile to follow shortly, users can now safely store and stake through our strategic partner Atomic Wallet.
Check out the step-by-step guide below on how to create a BandChain wallet and begin using BAND mainnet tokens to start sending, staking and claiming rewards on Atomic Wallet.
Frontier Wallet
Band Protocol has recently announced a strategic partnership with Frontier Wallet, the first mobile DeFi wallet to integrate the top cryptoasset wallets such as Coinbase Wallet, Metamask, Trust Wallet, imToken, Portis and Fortmatic to access and store DeFi tokens and stake directly from within a mobile-native interface.
Frontier Wallet have completed integration to support BAND Mainnet tokens and will be releasing a staking guide shortly.
Moving Into Stage 3
With the near completion of Stage 2, stay tuned for more public announcements about our developments with ecosystem partners!
Network stability and security remain our number one priority in rolling out our mainnet smoothly. Let us know if you encounter any errors or problems we can fix — we have a bug bounty for anyone who finds critical errors in our code. In addition, rolling out supporting tools and educating our community are also important to ensure everyone can participate in BandChain. Thank you once again for all your support and we look forward to wrapping up phase 2 and begin phase 3 where anyone can become validators on BandChain.
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
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