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0/ ppl ask why i'm bullish on $BAND, here is a few thought

If you are bullish on #defi and smart contract adoption, you want to get exposure to infrastructure protocol like oracle. Smart contract can't access real-world data and APIs and oracle like $BAND solve this problem
1/ Now there are many oracles in the space, with chainlink dominating 97% of the entire oracle space with clear network effect with BAND just emerging in 2019 and around 2% of chainlink

So the question is how big can $BAND grow and capture value relative to $LINK
2/ If one looks at other spaces eg smart contract, $EOS and $ADA are around 10-15% of $ETH market cap

Exchange token shows better ratio with $HT at 40% of $BNB value while $OKB and $FTX are around 10%

If $BAND does similar ratio of 10-15% of $LINK - that puts it already at $10
3/ But of course that's a bad comparison if we don't look at fundamental

Now let's talk about fundamental which boils down to
- tech
- adoption
- team
- key growth areas
4/ tech: interesting they migrate to @cosmos with their IBC cross-chain protocol

this allows some differentiations to existing oracles:

Scalability: oracle computation is independent of destination blockchain like ETH so it prevents network congestion issue, faster blocktime
5/Cost: not having 20 validators sending tx back&forth on ETH saves a lot of gas fees - translates to cheaper cost

Flexibility: with oracle demand being more niche & custom, having flexibility to define your own oracle request easily is pretty neat, solve long tail of use cases
6/Cross-chain battle: with IBC bridge and lite client bridges they are building to other chains, and with many layer 1 solutions hitting the market, there will certainly be a market for BAND to serve

Geography: Asia dominates trading + adoption with more relaxed government
7/ while it's too early to predict adoption, we will see 2-3 years from now which is similar timeframe to how chainlink has come to dominate the West

projects start to see the importance of using multiple oracles to secure their network
8/ and to predict adoption, lets look at team

while young, @SSrinawakoon has experiences working with C-level executives in many top tier companies while he worked at @BCG. @stanford degrees in computer science and management

@nomorebear seems geeky with @MIT degree
9/ They have the backing of traditional VC powerhouse @sequoia and crypto heavyweight @binance

These VC conduct extensive due diligence and i'm sure they are looking at 100x opportunities, they invest for billions, not millions.

This compensates for younger team
10/ Not to mention $BAND is currently listed on Binance and is highly liquid - liquidity begets liquidity and it will continue to give positive impact as people discover BAND

Many exciting things to come that BAND has not even touched yet e.g. in the coming years, there will be
11/ More listing on top tier exchanges like Coinbase (they are already on Custody and it's a matter of legal clearance i assume)

More work with enterprises (Sequoia will be good connector)

More adoption with defi and other smart contracts
12/ not saying all of this will happen but if they do, 10-15% of link is probably an under-valuation and maybe more closer to 40-50% like Huobi to Binance - this implies $35 and guess what LINK is also growing
13/ If you think this world is not a monopoly, then it's a pretty good investment thesis

None of this will happen overnight

but $10 seems pretty easy and do-able if they can execute on only some of the above

Just my two pickles
#DYOR
14/ (last) and if link continues to dominate and grow crazily over next few years, Band at 2% of link is still pretty good

given a lot more vaporwares in top 100, i think BAND deserves top 50 spots
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