So, what is Band Protocol?
"Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Band Protocol Ensures Interoperability between Smart Contracts and the Rest of the World. Our mission is Connecting Blockchains and Smart Contracts to Trusted Real-World Data and Services.
Band Protocol is cryptoeconomically Secured and Incentivized by BAND Tokens. In order for anyone to become a BandChain node operator, they need to stake BAND tokens as a guarantee that their node will continue to perform as expected. Any BAND token holder can delegate to validators they trust to perform their jobs in return for a share of query fees and block rewards."
How to buy or sell BAND on CoinMetro
How to receive/deposit BAND
For all in-depth information on how to deposit BAND into your CoinMetro account, please click here.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts, or use a full ETH wallet as an intermediary.
Note: As CoinMetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk for loss of assets caused by a too low gas limit.
How to send/withdraw BAND
For all in-depth information on how to withdraw BAND from your CoinMetro account, please click here.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be cancelled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be cancelled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.
We hope this article has given you all the information you need on buying, selling, depositing and withdrawing BAND.
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