In our first episode with Soravis Srinawakoon from Band Protocol, we discuss about the importance of data oracles and trustworthy data providers in servicing smart contracts, how Band Protocol is trying to solve that problem, their innovative token design, future plans and more.0:50: Introduction and data oracle layer4:55: Band Protocol and how their token design works11:50: Key users in the Band ecosystem with an example15:30: What is the need for custom token for band and why not just use ether? What is the token utility for Band?18:40: What is your go to marketing strategy? 19:45: Incubator program 26:05: Who are the competitors of Band Protocol and how is Band different from them.31:30: Is there any way to feed wrong on chain data and what are the punishments for the same34:45: How do you solve the ‘The rich getting richer problem’ and the incentives for honest behaviour38:50: Fundraising brief, runway and key investors44:10: What are your weaknesses45:55: Soravis’s favourite project and outlook about the the blockchain spaceDisclosure: Woodstock Inc. has made an investment in Band Protocol. This podcast is meant for informational purposes only and does not constitute any investment advice, or a recommendation of any particular strategy, security or investment product.Every financial product, asset class or investment has risk. Cryptocurrency (also known as digital tokens, digital coins or crypto(s)) are no different. That is why it is important for users and investors to be aware of the potential risks present in cryptocurrency. You should not invest funds in the cryptocurrency market that you are not prepared to completely lose; i.e., only allocate risk capital to digital tokens. Furthermore, we will not accept liability for any loss or damage which may arise directly or indirectly from any such investments.

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Why smart contracts need data oracles - with Band Protocol

Talks with project founders, investors and developers to capture their insights on the blockchain industry, and unfold the Web 3.0 ecosystem.

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Why smart contracts need data oracles - with Band Protocol