Band (BAND): D-Score 38/100 — Centralized Leaning BlockIndex D-Score: 38/100 (Centralized Leaning). Band (BAND) is a Layer 1 cryptocurrency using DPoS consensus. Band: Cosmos-native oracle providing verifiable data, staking governance and IBC-powered cross-chain feeds for Web3 and AI. Source: https://blockindex.ai/coin/band · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 38: Node distribution: 5: Initial distribution: 0: Governance: 15: Age and history: 13: Autonomy: 5: Key facts - Layer: Layer 1 - Consensus: DPoS (N/A) - Launch: IEO (2017) - Founder: Soravis Srinawakoon; Paul Chonpimai; Sorawit Suriyakarn - VC funded: Yes - Max supply: N/A - Circulating: 177,911,246 Market data (as of 2026-06-19) - Price: $0.16 - Market cap: $28.17M - 24h volume: $3.51M - 24h change: -4.20% · 7d change: -5.29% About Band is a decentralized oracle and data-layer project that has evolved from an ERC-20 token distribution into a Cosmos SDK–native blockchain designed to provide verifiable, real-world data to smart contracts and AI systems. The core team, originating in 2017, executed a public token distribution through a Binance Launchpad IEO in 2019 and completed a strategic migration to a Cosmos-native mainnet (Bandv2) in 2020. Over time the project has moved from a price-feed focused oracle to a broader data infrastructure provider, culminating in a 2025 rebrand to "Band" and the announcement of Band v3 and the Membit product suite, which targets LLM integrations and near-real-time contextual data delivery. Institutional backing and listings on major analytics platforms have underpinned the protocol’s credibility while the architecture shift to Cosmos/IBC positioned Band as a cross-chain-first oracle network. Technically, BandChain leverages the Cosmos SDK and Tendermint-style BFT consensus within a delegated proof-of-stake (dPOS) validator model to secure its network and enable governance. The design emphasizes low-latency, verifiable data streams, concurrent price feeds, and VRF (verifiable randomness) services, all of which can be relayed across other chains using IBC. Band’s product suite addresses a range of developer needs: Data Feed and Price Stream services provide continuously updated market data; VRF supports gaming, lotteries, and any application requiring provable randomness; Membit is positioned to supply LLMs with attested, timely context. These features combine to offer a flexible oracle service that integrates tightly with Cosmos-native ecosystems while still supporting cross-chain consumers. In terms of ecosystem and adoption, Band has pursued both developer-facing integrations and enterprise clients. The materials document a partner ecosystem and reference “More Than 80+ Clients and Partners,” and Band’s listings on major exchanges and analytics providers have facilitated liquidity and visibility. Tokenomics transitioned from an initial ERC-20 distribution to a Cosmos-native token; the supplied snapshot shows a circulating and total supply of approximately 169.63M BAND. BAND is used for staking, validator incentives, and governance; holders delegate tokens to validators to secure the chain and to participate in on-chain governance. While the provided files document allocations and fundraising rounds, they do not consolidate a single premine percentage or PIP figure; the distribution includes fundraising, team and ecosystem allocations described in source excerpts. Governance on BandChain is implemented on-chain with token-based voting and validator/delegator participation typical of Cosmos ecosystems. The project’s governance and treasury mechanisms are not exhaustively documented in the provided summaries but on-chain governance and proposal mechanics are cited. No material security incidents, network halts, or chain freezes are recorded in the source excerpts. Band’s 2025 roadmap and rebrand show a strong tilt toward product expansion—particularly into AI use-cases—while retaining its core oracle business for DeFi, GameFi, prediction markets, and other on-chain consumers. The project’s combination of a Cosmos-native architecture, IBC cross-chain design, and specialized products like Membit illustrate a strategic attempt to bridge Web3 and AI data needs. Looking ahead, Band’s strategic focus on Band v3 and Membit suggests an intent to capture new markets at the intersection of LLMs and blockchain data infrastructure, where verifiability and provenance of context are critical. Continued validator growth, developer tooling improvements, and integration with cross-chain consumers will likely determine Band’s utility in multi-chain ecosystems. While certain low-level details (max supply, exact node counts from authoritative NodeTracker scrapes, and detailed premine/PIP consolidation) require additional source confirmation for full DSCORE calculations, the provided summaries portray Band as a mature, institutionally-backed oracle network with a clear product roadmap and a Cosmos-centric technical foundation. Links - Website: https://www.bandprotocol.com/ - Whitepaper: N/A - GitHub: https://github.com/bandprotocol --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore