Band Protocol and CoinMarketCap Integrate for BandChain Phase 2 Launch

Band Protocol announced this Thursday, February 11, through its Twitter account, its new partnership with the company CoinMarketCap, the “most referred to in the world” crypto price tracking site, completing the integration of its data into the standard data set. of band and commercializing its API after the launch of BandChain Phase 2.

“The partnership extends deeply to both teams working collaboratively on the launch of BandChain Phase 2, where institutional data providers, such as CoinMarketCap, will have an avenue to monetize their data and automatically collect revenue on the chain”, said the company. through a thread posted on the same social network.

Photo taken from the web Medium portal

CoinMarketCap, founded by Brandon Chez in May 2013, is called one of the “most trusted sources for tracking prices and metrics of crypto assets by users, institutions and media”. They are commonly cited by CNBC, Bloomberg, and other media outlets, in addition to supporting the United States government with investigations and reports, as explained in an article published on Medium.

Also read: Elrond eGold announced that $EGLD gets OpenDAO.

CoinMarketCap’s director of business development, Batuhan Dasgin, said the company “is delighted to be partnering with Band Protocol, a decentralized and decentralized cross-chain oracle, to integrate our enterprise-grade pricing data so that the growing cohort of DeFi applications can support them. use easily. We look forward to working with his team in the acceleration phase of BandChain Phase 2 to launch the premium CoinMarketCap oracle script for developers to access while automatically raising revenue on-chain for our team”.

In his view, by working with Band Protocol to bring highly reliable pricing data up the chain for developers to create secure decentralized applications, CoinMarketCap is forwarding its mission to provide “high quality, fair and accurate” information to allow any contract smartly to draw your own informed conclusion.

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