Starname (IOV) Integrates Band Protocol to Reliably Price Decentralized Usernames
Starname, a decentralized naming provider for wallets and decentralized applications, is integrating Band Protocol for multiple secure foreign exchange price feeds that will enhance the user experience and stability within the purchasing process. Users can be assured a fixed price for starnames that is reflective of the spot market value at a commonly recognizable fiat equivalent. Band Protocol (BAND) can now also be used to purchase starnames which can be linked through the Cosmostation Wallet.
The company behind Starname, IOV, is building the bridge between blockchains and people with the creation of the Starname, an easy-to-recognize address that provides a secure, scalable and fully decentralized username for all blockchains. Starname is a decentralized username that looks like kevin*iov which seamlessly integrates into wallets, Dapps and exchanges.
Without Band Protocol, Starname prices would be based on the IOV token only leaving room for volatile price quotations and no benchmark for on-chain cryptocurrency prices. To create a more secure and improved user experience, Band Protocol will be integrated to provide price oracles for 12+ foreign exchange rates including EUR, GBP, CNY, SGD, KRW, JPY, INR, RUB, CHF, AUD, BRL, CAD, HKT and USD.
The Band Protocol community will be able to register a Starname, assign it to their BAND address to send/receive tokens through the Starname Manager or Cosmostation Wallet as opposed to a long and difficult to remember wallet address. You can get your starname today here.
Starname is a decentralized user name service for the blockchain world like your email for the internet. You can use a name like *traveler for all your crypto instead of multiple long string addresses. It enables you to receive crypto-assets or to log into Dapps in a seamless way. Starname aims to simplify the experience of dealing with crypto, offering solutions through its service and applications. Transferring value becomes fast and easy!
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.