Question 1

What is BAND?

Accepted Answer

BAND is BandChain's native staking token. BandChain provides data services for on-chain applications, while BAND is used for network security, protocol governance, and supporting the operation of its data products. It is not equity in a traditional company. BAND's on-chain roles arise from protocol mechanisms such as staking and governance; these uses do not constitute a promise of fixed returns, dividends, or company ownership.

Question 2

What is the purpose of staking BAND?

Accepted Answer

The core purpose of staking BAND is to participate in BandChain's security and governance mechanisms. Holders can participate in the corresponding governance activities under the protocol mechanisms only after using BAND for staking; the network supports security through staking participation. Staking is more than simply locking tokens: it connects a holder's tokens with network participation. Specific delegation, lock-up, exit, and reward-settlement arrangements should be understood according to the network and service rules applicable at the time.

Question 3

Can holding BAND allow participation in governance?

Accepted Answer

Yes, but the official documentation links governance participation to staking BAND: holders participate in protocol governance through staking, rather than automatically having traditional shareholder-style rights merely by holding tokens in a wallet. Governance allows participants to express views on protocol-related matters; it is not equivalent to corporate equity, a board seat, or dividend rights.

Question 4

How is BAND used in price streams?

Accepted Answer

In Band's Concurrent Price Stream, users can stake BAND in the Signal Hub to propose new price symbols and obtain voting rights. This staking and voting form a signal of support for whether a particular symbol needs a price service. Validators begin submitting price updates for a symbol for on-chain use only after that symbol receives sufficient support. The sequence is: propose a symbol → stake BAND to obtain voting rights and build support → support meets the condition → validators update prices; holding tokens alone or making a single proposal does not mean price updates will necessarily begin.

Question 5

How can BAND's supply change?

Accepted Answer

BAND uses an adaptive inflation model: the annualized inflation rate ranges from 7% to 20%, and the mechanism targets a staking rate of approximately 66%. Supply changes are not a single fixed percentage; they are related to adjustments toward the target level of network-wide staking participation. New supply changes the total supply. Therefore, all else being equal, the share of total supply held by non-staking holders may decline; however, this does not directly imply price, actual yield, or individual returns.

Question 6

What is the relationship between validators and BAND?

Accepted Answer

Validators are the executors in Band's data services: after a price stream meets the applicable symbol-support condition, validators submit price updates for that symbol. BAND, in turn, supports network security through the staking mechanism and provides a basis for participation in proposing and voting in the Signal Hub. This is not a relationship in which simply holding BAND causes a holder to submit prices independently. Participants express demand for symbols through staking and voting, while validators handle subsequent price updates.

Question 7

What should be considered when using or holding BAND?

Accepted Answer

When understanding or using BAND, its protocol uses should be distinguished from market outcomes. BAND is used in BandChain's staking, governance, and data-product-related mechanisms, but these uses do not automatically translate into fixed returns or price appreciation. Participation in staking also needs to be understood in light of applicable delegation, lock-up, or exit rules; meanwhile, the 7% to 20% inflation adjustment affects the total supply structure. Whether to use data products, participate in staking, and the conditions for trading the token are matters at different levels.

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