Cryptocurrencies

Band Protocol’s token sale to be hosted on Binance Launchpad

Binance Launchpad, Binance’s token launch platform for transformative blockchain projects, has announced support for its ninth project of the year, Band Protocol.

According to a press release shared with Coin Rivet, the Band Protocol token sale will begin on September 16 at 06:00 UTC.

Building an open protocol for decentralised data governance on public blockchains such as Ethereum, EOS, and Cosmos, Band Protocol has secured $3 million in seed investments in 2019 from lead investors Sequoia India, Dunamu and Partners (the venture arm of Korean fintech company Dunamu), and VC fund SeaX Ventures.

Band Protocol aims to become the world’s most secure and scalable decentralised database that any decentralised application (dApp) can rely on for trust.

“Within Binance Launchpad, we continue to listen to the feedback of our community and strive to support only the high-quality projects,” said Binance CEO and founder Changpeng ‘CZ’ Zhao.

“Using a community-driven approach, the Band Protocol solves an important problem in the industry: trust in third-party data sources, which is necessary for decentralised applications working on the blockchain and further mass adoption of crypto technologies.”

For more news, guides, and cryptocurrency analysis, click here.

Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.