Band ranks #95 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #552: 457 of the 551 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 554 non-native assets CoinSpectrum lists above it by market cap, about 59% are tokens, 33% are claims on other assets and 8% are memecoins.
| CoinSpectrum Grade | B · 67/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #95 |
| Rank counting claims | #552 |
| Market capitalisation | $39M |
| Price | $0.2119 |
| Circulating supply | 184,627,365 BAND |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Tendermint (CometBFT) |
| Network purpose | Interoperability hub |
| Ledger type | Single-asset ledger |
| Launch distribution | Presale |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
B — 67 out of 100, provisional (from 19 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 63 to 68 (C to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 5.7 | group average, 12 of 13 measured |
| Sound Money Qualities (6 checks) | 9 | 5.4 of 6 points source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 4.4 | no fixed maximum; 185 million in circulation: supply scale 8.7, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | ✓ | 7 full years since its first recorded price, no halt, freeze or reversal in five years |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✓ | no authority can freeze, blacklist or set apart a coin |
| Divisibility: the smallest unit worth a cent or less | ✓ | 6 decimal places, the smallest unit worth $2.1e-7 |
| Portability: fees of a cent or less and capacity for real demand | ✓ | typical fee $0.00006; about 634 transactions a second (7.8 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | ✓ | node software open source; light clients verify from headers or proofs |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Any key can hold and send BAND; the Cosmos SDK bank and auth modules carry no identity check. |
| UTXO ledger: a new key for each payment, no account linking every coin | ✗ | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | CometBFT mempool gossip with no Dandelion relay or built-in Tor. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Transfers are public. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Accounts are public. |
| Scalability (fees, throughput, block time, block space, features) | 7.6 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00006 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 7.8 | about 634 simple transactions a second |
| Block time (10 minutes 10, less either side) | 0.2 | a block every 1.17 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 3 MB limit, 1540 MB per 10 minutes |
| Features (3 checks) | 10 | 3 of 3 passed |
| Payments safe to accept within seconds | ✓ | CometBFT gives deterministic finality with ~1.2 s blocks. |
| Pruned nodes: a full node can validate and drop old history | ✓ | Cosmos SDK state pruning and CometBFT state sync let nodes drop old state. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | CometBFT light client verifies signed headers against the validator set; BandChain results are proven to other chains via IBC light clients. |
| Security (miner pay and 7 checks) | 4 | 4 of 9 points source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 0 | not mined |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | ✗ | 60.02% |
| Largest three under 75% | ✓ | 70.24% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | Band Protocol (the company) maintains the only node, bandprotocol/chain (GPL-3.0), and the roadmap. |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 310,000 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 2.2 | 2 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts | 0 | Owasm oracle scripts only compute data requests; the Cosmos SDK chain has no CosmWasm or EVM module, so spending uses fixed transaction types. |
| Multisig and time locks | ✓ | Cosmos SDK threshold multisig keys and the x/auth/vesting module (delayed vesting accounts) are in the app. |
| Atomic swaps with other chains | ✗ | No hash-lock module or contract system, so an HTLC cannot be expressed. |
| An exchange built into the protocol | ✗ | No exchange module. |
| Cross-chain messaging the chain verifies itself | ✓ | IBC transfer and interchain-accounts host modules, plus the tunnel module for oracle data packets. |
| Non-fungible tokens | ✗ | No NFT module or contract system. |
| Decentralisation | 6.2 | section average, 7 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No freeze or clawback power; no halts on record. source |
| No central team (Source) | 0 | A central team directs it: Band Protocol (the company) maintains the only node, bandprotocol/chain (GPL-3.0), and the roadmap. source |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | 5.7 | 51 active validators or block producers (source: laozi1.bandchain.org) |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 4.6 | 54.2% of today's supply allocated at launch to founders, a company, a foundation or investors. 100M BAND were allocated at the Sept 2019 ERC-20 launch (seed 10%, private 5%, Launchpad 12.37%, team 22%, foundation 22%, ecosystem 25.63%, advisors 5%), against 184,362,953 BAND on-chain supply today after BandChain staking inflation (BandChain REST, 2026-10-23). source |
| Fundraising | 4.6 | Sold by its issuer or insiders: 54.2% of supply was theirs to sell, 14.8% sold so far. Of the 100M BAND at launch, seed 10% (10M at $0.30), private 5% (5M) and the Sept 2019 Binance Launchpad IEO 12.37% (12.37M at $0.473, $5.85M) = 27.37M sold. 27.37M / 184,362,953 BAND (BandChain, 2026-10-23) = 14.8%. Seed sale (cap $3M at $0.30), private sale, and Binance Launchpad IEO on 16 Sept 2019 (cap $5.85M at $0.473); backers include Sequoia Capital, Dunamu & Partners, Spartan Group and Binance. source |
| Developer share (after launch) | 9.9 | Developer share: about 0.9% of today's supply received so far; 2% of each new block reward goes to them today. BandChain's x/distribution community_tax sends 2% of block rewards (inflation, now 12.8%, plus fees) to the governance-controlled community pool. Inflation since the Oct 2020 mainnet added ~84.4M BAND (184.41M on-chain − 100M original); 2% ≈ 1.69M = 0.9%, assuming the 2% tax held throughout. source |
| Supply & Demand | 7.6 | group average |
| Supply & Demand (Source) | 6.4 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 36 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 2.8 | $305,669 traded in 24 hours; #1108 by volume on the exchanges the site reads (scored on the median day of the last 30, $260,200) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 5.3 | 0.65% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 9.1 | $205,693 within 2% of the price on 6 exchanges, 0.53% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 4 | $39M, 4 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 7.3 | futures, options and margin positions 7.2% of its market cap |
| Supply (smaller is better) | 8.7 | no fixed maximum; 185 million in circulation |
| Record | 8.3 | group average |
| Record (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Age (years since genesis) (Source) | 7 | 7 full years since 2019-09-18, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 8 | 3 positive, 0 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 45 commits in 9 of the last 12 months (github.com/bandprotocol/chain); bandprotocol/chain v3.1.5, 2026-10-06; 9 stable releases in 24 months. |
| Shipped a security fix in two years, +1 | ✓ | BandChain v3.1.1, Oct 2025: CometBFT v0.38.19, a security release fixing GHSA-hrhf-2vcr-ghch; v3.1.4 (Jun 2026) patched go-owasm and CometBFT. |
| Shipped a new capability for users in two years, +1 | ✓ | BandChain v3 (BCIP-14), Jul 2025: on-chain price feeds and tunnels pushing data to other chains. |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
184,627,365 BAND are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 54.2% of today's supply |
|---|---|
| Sold by the issuer or insiders | 14.8% of today's supply |
| Developer share received since launch | 0.9% of today's supply |
| Developer share of new coins today | 2% |
| Nodes or validators | 51 |
| Fundraising | Public sale |
100M BAND were allocated at the Sept 2019 ERC-20 launch (seed 10%, private 5%, Launchpad 12.37%, team 22%, foundation 22%, ecosystem 25.63%, advisors 5%), against 184,362,953 BAND on-chain supply today after BandChain staking inflation (BandChain REST, 2026-10-23).
Seed sale (cap $3M at $0.30), private sale, and Binance Launchpad IEO on 16 Sept 2019 (cap $5.85M at $0.473); backers include Sequoia Capital, Dunamu & Partners, Spartan Group and Binance.
Of the 100M BAND at launch, seed 10% (10M at $0.30), private 5% (5M) and the Sept 2019 Binance Launchpad IEO 12.37% (12.37M at $0.473, $5.85M) = 27.37M sold. 27.37M / 184,362,953 BAND (BandChain, 2026-10-23) = 14.8%.
BandChain's x/distribution community_tax sends 2% of block rewards (inflation, now 12.8%, plus fees) to the governance-controlled community pool. Inflation since the Oct 2020 mainnet added ~84.4M BAND (184.41M on-chain − 100M original); 2% ≈ 1.69M = 0.9%, assuming the 2% tax held throughout.
Sources: icodrops.com · coingecko.com · rest.cosmos.directory · rest.cosmos.directory · docs.bandchain.org · coinmarketcap.com. Researched 2026-10-24, medium confidence.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Band is #95 among cryptocurrencies and #552 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 457 places between Band's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).