Why smart contracts need data oracles - with Band Protocol

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 layer
4:55: Band Protocol and how their token design works
11:50: Key users in the Band ecosystem with an example
15:30: 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 same
34:45: How do you solve the ‘The rich getting richer problem’ and the incentives for honest behaviour
38:50: Fundraising brief, runway and key investors
44:10: What are your weaknesses
45:55: Soravis’s favourite project and outlook about the the blockchain space

Disclosure: 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.

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