Starting as an ERC-20 token on Ethereum in 2019, Band Protocol migrated to the Cosmos network in 2020 and developed its own blockchain called BandChain. Built on Cosmos SDK, BandChain offers scalable and fast oracle services and operates using the Delegated Proof of Stake (dPoS) consensus mechanism, providing high security. 

Who Are the Founders of Band Protocol? 

Soravis Srinawakoon (CEO): Former software engineer at Ericsson and management consultant at The Boston Consulting Group; visionary leader of Band Protocol. 

• Paul Chonpimai (CPO): Previously a web developer and engineer at Turfmapp and Tripadvisor. 
• Sorawit Suriyakarn (CTO): Former software engineer at Dropbox and Quora; a gold medalist competitive programmer. 

Features and Advantages of Band Protocol 

• Real-Time Data Integration: Connect various data types like sports scores, financial prices, weather, and random numbers to smart contracts. 
• High Scalability: BandChain v2.4 upgrade in 2022 increased transaction capacity tenfold. 
• Advanced Inter-Blockchain Communication (IBC) Support: Enables cross-chain data exchange within Cosmos ecosystem and EVM-compatible networks. 
• Strong Security: Byzantine Fault Tolerance (BFT) consensus and dPoS protect the network from attacks. 
• Data Provider and Validator Ecosystem: Oracle validators process data requests and contribute to network security. 
• Simple Integration: Easy and flexible data feeding for smart contracts. 
• Gas Fee System: Minimum gas fees prevent spam attacks and reward network contributors. 

How Does Band Protocol Work? 

Band Protocol acts as an intermediary when smart contracts require reliable real-world data. dApps send data requests to the BandChain network. Oracle nodes on BandChain fetch, verify, and deliver the data to smart contracts in a fully decentralized, transparent, and secure way. BandChain, built with Cosmos SDK, relies on validators who stake tokens to secure the network, ensuring both sustainability and data reliability. 

What is BandChain Oracle Technology? 

BandChain is Band Protocol’s decentralized and secure oracle solution operating on its own blockchain. Oracles bridge real-world data to blockchain applications (smart contracts) reliably. BandChain collects price data, verifiable random functions (VRF), and other API data from diverse sources and delivers them securely and quickly to multiple blockchains. This protects DeFi, gaming, and other Web3 applications from centralized oracle risks. 

Tokenomics – About BAND Token 

• Total Supply: Initially capped at 100 million BAND tokens, but due to staking parameters and inflation, the circulating supply has increased (approx. 163.10 million BAND in 2025). 
• Use Cases: Governance voting, staking collateral for validators, and paying network transaction fees. 
• Staking: Users stake BAND tokens to secure the network and earn rewards. 
• Token Swap: Initially ERC-20 tokens on Ethereum, BAND tokens were swapped 1:1 to native tokens on BandChain. 
• Liquidity and Markets: BAND is traded on many exchanges, including Turkish platforms Bitlo and BtcTurk with TL and USDT pairs. 

Initial Token Distribution (Based on 100 Million Total Supply): 

• Ecosystem Development: 25.6% 
• Foundation: 22% 
• Team: 20% 
• Binance Launchpad Sale: 12.4% 
• Seed Sale (Early Investors): 10% 
• Advisors: 5% 
• Private Sale: 5% 

Investors and Partnerships 

Band Protocol is supported by top investors like Binance and Sequoia India, with a strong capital base. It offers oracle services integrated with Cosmos, Polygon, NEAR, Cronos, Oasis, Moonriver, and more. These integrations reinforce BandChain’s multi-chain capabilities and its active role in the Web3 ecosystem by providing secure and verifiable data flow to decentralized apps. 

Key Investors and Partners: 

Investors: Binance, Sequoia India, Spartan Group, Alphain Ventures
Partners: Cosmos, Polygon, NEAR, Cronos, Oasis, Moonriver, Desmos 

Use Cases: dApps, DeFi platforms, on-chain data needs 

Roadmap 

2022 Highlights: 

• BandChain V2.4 upgrade increased transaction capacity by 10x and improved IBC compatibility. 
• Launch of Band VRF (Verifiable Random Function) for reliable randomness in blockchain gaming. 
• Band Standard Dataset upgrade simplified data access. 
• Ecosystem partnerships with Injective and Desmos. 

2023 Plans: 

• Strengthen existing products and enhance scalability. 
• Release three new open-source products to expand ecosystem. 
• Improve security, interoperability, decentralization, and adoption. 
• Deepen integrations with Cosmos and EVM-compatible chains. 
• Expand community and validator network. 

2024 Developments: 

• BandChain v2.5 upgrade introduced more efficient data scripts and VRF improvements. 
• Increased cross-chain integrations with Cosmos and EVM chains. 
• Band VRF 2.0 offers faster randomness with lower gas fees. 
• Band Standard Dataset updated with more data providers. 
• zk-proof-supported oracle operations tested on testnet. 

2025 Roadmap: 

• BandChain v3.0 (Beta) will support modular oracle scripts and user-defined data flows. 
• AI-powered data verification layer testing underway. 
• More cross-chain data sharing via non-IBC bridges. 
• Staking reward campaigns and new governance proposals to increase community engagement. 
• Integration of new data types such as on-chain stats, advanced financial indicators, and IoT sensor data. 

Social Media and Community 

• Website
• Twitter
• Telegram
• Discord

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is Band Protocol (BAND)? appeared first on Coin Engineer.

Vision and Technology of Persistence One

Persistence One is a project aiming to unify Bitcoin’s fragmented structure within the DeFi landscape. It is designed to enable the transfer of Bitcoin and related assets across various Layer 2 solutions and sidechains quickly, cost-effectively, and with minimal slippage. Instead of traditional bridges, it utilizes an intent-based architecture to facilitate more efficient cross-chain swaps.

These operations take place on Persistence DEX, the project’s decentralized exchange. The Core-1 chain, which forms the backbone of the protocol, handles key functions like governance, staking, and transaction validation.

Moreover, Persistence DEX operates on the Babylon Genesis network and is recognized as the first decentralized exchange deployed on this chain. It serves as the primary trading hub for liquid staking tokens (LSTs) and Bitcoin-related assets.

Technically, the project is built on the Tendermint BFT consensus algorithm and offers high interoperability through the Inter-Blockchain Communication (IBC) protocol.

Use Cases and Roles of the XPRT Token

1. Governance

XPRT holders participate in the decision-making processes of the protocol. This includes voting on upgrades, integrations, and allocation of community funds.

2. Staking & Network Security

Persistence operates under a Delegated Proof-of-Stake (DPoS) mechanism. Users who stake XPRT help secure the network while earning staking rewards, which come from inflation and transaction fees.

3. Transaction Fees & Ecosystem Participation

XPRT is used to pay for network transactions. A portion of the fees collected from decentralized applications (dApps) is redistributed to XPRT stakers.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

4. Liquid Staking & DeFi Integration

With the pSTAKE protocol, users can stake their XPRT while retaining liquidity. This enables staked assets to remain usable within the broader DeFi ecosystem.

Tokenomics: Total Supply & Distribution

Launched on April 1, 2021, XPRT has a total supply of 230 million tokens. The distribution is as follows:

• Marketing & Growth: 25.6%
• Ecosystem Development: 19.4%
• Team: 16%
• Seed & Private Sale: 14%
• Validator Incentives: 10%
• Validators & Strategic Sales: 10%
• Advisors: 4%
• Public Sale: 1%

Inflation Model & Halving

XPRT follows an inflationary issuance model. Initially set at 35%, the inflation rate is halved every two years. This design supports sustainable staking incentives and long-term network security.

Staking Rewards

Staking yields depend on inflation and the network’s transaction fee volume. Rewards are distributed proportionally based on the amount of XPRT staked.

Persistence One Wallet and XPRT Storage Options

Persistence provides multiple wallet solutions for storing and staking XPRT:

• Persistence Native Wallet: The official wallet, optimized for XPRT.
• Keplr Wallet: Browser-based, Cosmos-compatible.
• Cosmostation Wallet: User-friendly, ideal for mobile usage.
• Ledger & Trezor: Hardware wallets offering secure cold storage for long-term holding.

These wallets enable users to manage, stake, and interact securely within the Persistence ecosystem.

Persistence One is bridging the liquidity gap for Bitcoin and PoS assets through innovative solutions like liquid staking and cross-chain interoperability. The XPRT token forms the backbone of this ecosystem—driving governance, security, and DeFi participation. With a robust architecture and long-term economic design, Persistence One is positioning itself as a core infrastructure layer for Bitcoin in DeFi.

Official Links

• Official Website
• Persistence Whitepaper
• Persistence Wallet
• Persistence X

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is Persistence One (XPRT)? appeared first on Coin Engineer.

You might like: The Future of Ethereum: Analysis and SEC Decision

Zetachain is a foundational, public blockchain that provides smart contract and data transfer between blockchains. Aiming to solve cross-chain and multi-chain problems, Zetachain aims to open the crypto and financial ecosystem to everyone. It is a Layer 1 blockchain platform built on Cosmos SDK and Tendermint Consensus, through which users and developers can easily switch between chains thanks to Proof of Stake (PoS) technology.

ZETA is the native token of the ecosystem, used to pay transaction fees for Zetachain smart contracts and also used to secure the PoS blockchain through the binding/staking/slashing method. ZETA is at the heart of Zetachain’s cross-chain transfers, security, data transfer, and transactions.

The post Coinbase Lists Zetachain (ZETA) appeared first on Coin Engineer.

You might like: AMA COIN ENGINEER

AMA Content and Details

The Manta Network representative introduced himself as follows:

Gökçe: I am Gökçe, the Turkey Community and Marketing Lead at Manta Network. I would like to invite you all to connect with us on social media as well.

You can reach the Manta Network X page by clicking here.

You can reach the Manta Network Telegram page by clicking here.

I am so happy to be here with a community like Coin Mühendisi.

I invite everyone here to our next airdrop.

To participate in the airdrop, click here.

Airdrop Details

In this stage, we allocated 50 million tokens, 30 million of which were allocated directly and 20 million through NFTs.

We have enabled you to convert these NFTs directly into cash without waiting for the additional airdrop.

50 M $MANTA tokens were only for Into the Blue. We will be distributing the same amount for the New Paradigm event.

Questions 

Question 1: How will you encourage the growth of the ecosystem? Do you have any upcoming programs like NewParadigm?

Manta Network Representative: Increasing the size of the ecosystem is definitely a top priority for us. It is also important to define what growth means.

For the next phase of Manta, we have many new TVL entering our network, making Manta Pacific the 3rd largest L2 just below Optimism and Arbitrum, as the “New Paradigm” program is coming to an end.

Question 2. Is Manta Network considering using modular (agnostic) blockchain technology to transfer data?

Manta Network Representative: Manta Network is the first Ethereum L2 to use Celestia for modular data availability. What this means for the user is that we can significantly save them on gas fees. We have been integrated with Celestia for less than a month.

Question 3: Are you considering increasing the number of dApps in your ecosystem? What are your plans for this?

Manta Network Representative: We have a strong BD and ecosystem development team dedicated specifically to this. As a result, we currently have over 150 projects deployed on Manta Pacific. We are also using the zkApp Accelerator, which we announced today, in partnership with Celestia and Polygon.

Question 4: Can we see Concentrated Liquidity Concepts or another mechanism for developing DeFi on Manta in the near future?

Manta Network Representative: We already have some projects that offer this, and I hope liquidity starts to flow to these projects more and can be leveraged by DeFi projects in our ecosystem.

Question 5: Have you considered providing development kits like Cosmos SDK, Polygon CDK, or others on Manta Network?

Manta Network Representative: Yes, we actually already have development kits. You can check them out here.

They allow any developer to create ZK-enabled applications very quickly. What could take thousands of lines of code if you wrote it yourself can be done with Universal Circuits in just 50 lines of code. We are already seeing projects using this to create very innovative web3 projects.

One example is zkHoldem, which distributes on-chain poker using our ZK Universal Circuits.

Twitter Questions AMA

Question 1: I saw that some events on your roadmap are not completed. Are these outdated or events that have not been completed yet?

Manta Network Representative: Incomplete events are either ongoing, continuous (sometimes never ending or ending only after a significant period of time), or we probably forgot to update them.

Question 2: Will you take any new steps regarding your token in the future? Can you explain the most important reasons why we should choose you?

Manta Network Representative: We have a modular architecture. This means that we can always take advantage of the latest technology to plug into our L2 and enable us to continuously provide the best user experience for our community, whether now or 5 years from now. Our architecture is future-proof in this sense.

Question 3: What do developers need to create their dApps on Manta Network to launch a DApp on Manta Network?

Manta Network Representative: All you need is Solidity. If you can deploy your application on Ethereum, you can deploy it on us as well.

The post Coin Mühendisi X Manta Network AMA Summary appeared first on Coin Engineer.