Cosmostation and Band Protocol Announce Strategic Partnership

We are pleased to announce a global strategic partnership with Band Protocol, an industry leading decentralized data oracle framework.

Cosmostation and Band Protocol have entered into a strategic partnership to secure its enterprise-level decentralized data oracle framework.

We believe Band Protocol plays a key role in the next generation of oracles in the Internet of Blockchains. In light of recent oracle incidents including on-chain price manipulation and congested networks, we strongly believe that the security and safety of users in any blockchain application should draw top-priority which can only be achieved through the diversification of oracle services.

As an enterprise-level validator node infrastructure and user application provider, we have been conducting extensive research and taking part in networks that we believe to have a significant impact in the blockchain ecosystem.

Today, we are extremely proud to announce the launch of our Band Protocol node and are excited to collaborate on the decentralization, safety and security of all DeFi & blockchain applications.

Why Did We Choose to Partner With Band Protocol?

With decentralized management of data playing an increasingly critical role in every aspect of the blockchain industry, enterprises and users alike recognize the necessity of finding a solution to securely bring off-chain data onto their decentralized applications.

Band Protocol bridges this gap between decentralized applications and real-world data while also ensuring that data is accurate and trustworthy through economic incentives. With Band Protocol v2 being built using the Cosmos SDK, BandChain will seamlessly fit into the ecosystem of blockchains communicating over the IBC protocol and bring reliable data feeds to any other application-specific chain built across Cosmos.

Based on our extensive due diligence, here are some of the strong reasons why we have chosen to support Band Protocol for the long-term:

• Flexible & Customizable Data Querying
  Through Band’s data request script, decentralized applications have full flexibility to define how the data they need is sourced and aggregated. This ensures that data feeds can be consumed safely whether through median, time-weighted average, moving average or any developer defined method.
• Diversified & High Quality Data from Any Open API
  BandChain enables on-demand data query from any traditional open API and will be able to facilitate cross-chain payment for permissioned oracle data from private or credentialed APIs which deliver premium data.
• Cross-Chain Compatible Solution with Partners
  With a key focus on being blockchain-agnostic and established partners such as Fantom, Kava, Tomochain and more — Band Protocol can seamlessly connect to any other blockchain through bridge contracts or Cosmos-based blockchain through IBC.
• A Streamlined & More Efficient Data Request Mechanism
  By moving onto an independent blockchain, Band Protocol is able to produce real-time spot data by offloading all expensive computational oracle requirements including sourcing and aggregating onto BandChain so only the final value needs to be submitted to target blockchains.

“By working with a top Cosmos validator such as Cosmostation, our community can rest assured that BAND tokens will be able to be staked securely with an enterprise-level validator to earn passive staking rewards just by holding BAND.”— Soravis Srinawakoon, CEO & Co-Founder of Band Protocol

“Decentralized data oracle frameworks are an essential piece to bringing real adoption to the blockchain ecosystem. We’re very proud to be joining Band Protocol alongside other industry-leading partners to work towards a unified vision.” — Jay B. Kim, CTO of Cosmostation

Cosmostation is extremely excited to join Band Protocol as an enterprise-level validator node operator to help secure its decentralized oracle framework and plan to bring value to the network by sharing its vision and working together to build out the ecosystem as a long-term partner.

About Band Protocol

Band Protocol is a decentralized oracle framework for Web3.0 applications. Band Protocol connects smart contracts with trusted off-chain information, provided through community-curated oracle data providers. Blockchains are enabled to connect to any web API with assured data integrity through dPoS economic incentives through one simple function call. Developers using Band Protocol will be able to easily build and manage off-chain oracles, reputation scores, identity management systems and much more.

Website | Whitepaper | Telegram | Medium | Twitter | Reddit | Github

About Cosmostation

Cosmostation is an enterprise-level validator node infrastructure & end-user application provider based in Seoul, South Korea. Cosmostation runs validator nodes across several networks, specifically focused on networks built with Tendermint & Cosmos SDK. Along with node operation, Cosmostation develops and maintains Mintscan Block Explorer for Tendermint-powered networks and Cosmostation iOS, Android, Web Wallets to support in-depth features for modules specific to each network.

Website: https://www.cosmostation.io/
Github: https://github.com/cosmostation
Android Wallet: Android — Google Play Store
iOS Wallet: iOS — iTunes App Store
Block Explorer: https://www.mintscan.io/
Medium: https://medium.com/cosmostation/
Twitter: https://twitter.com/CosmostationVD
Telegram: https://t.me/cosmostation