Introduction
Internet enabled the blockchain, now blockchain will enable the internet
The search for a better and conducive lifestyle has led many men to become the greatest thing nature has ever seen through their great discoveries. From the early discovery of how to control fire and the invention of simple farm tools by the early men which ushered in the era of increase in food production and preservation, to the invention of the wheel which ushered in the era of explorations and movement beyond man’s conscious imaginations. The invention of the printing press brought about the learning era and subsequent invention of the telephone bridged the communication gap between two brothers in various locations. The invention of the internet was seen as the peak of man’s greatness since it has continued to solve his immediate problem.
Technology in a simple term is the application of science into useful tangible and intangible tools for the betterment of the man and his environment. From time immemorial before the name technology was coined man had been practicing the act without a fair knowledge of what he was actually doing. Technology has continued to better the way and manner we live our daily lives and technological advancements have shown to man how much more is yet to come.
The advancement of technology has produced a new god called the blockchain technology.
The blockchain has continued to improve and solve so many problems many had thought is impossible, particularly in the area of finance, security, employment, etc. Today steemit users can earn steem and or steem dollar through posting articles or pictures on the STEEMIT PLATFORM. Steem and steem dollar has a united state dollar equivalent so in turn, can be sold to a prospective buyer for liquid cash. So as others like Sola, enlte and many others whose rewards can be exchanged for liquid money.
The Ethereum blockchain has become a force in the crypto-currency world has it can be used to exchange and store many crpto-tokens that are compactable with the ERC-20. The first blockchain experiment the Bitcoin has become a medium of exchange in many organizations. Today one Bitcoin is worth about $6000.
The Dentcoin token enables a smartphone or internet user to recharge his or her line with a certain amount of internet data required by the user anywhere anytime. The Dent app has become a trending app amongst many internet users in today world, as many would prefer to maximize profit from their recharge. The dentcoin has a market value and users are to exchange liquid cash for the dentcoin token at the market price.
The dent project is a welcoming idea for the smartphone and internet users but it has not been able to address the poor service its user gets while using the internet, inaccessibility of the internet in remote areas or the overpaid money due to foreign exchange instability. Will there be any blockchain based services that can proffer a solution to fast internet services, easy accessibility of it crypto tokens, the user-friendly interface at little or no cost? As a Smartphone and internet user, it has become my major concern as I value my money. But don’t worry I recently discovered a blockchain based Network that can proffer a solution to all our worries. Ladies and Gentlemen, Boys and Girls, Old and Young, All and sundry I bring to you the Bandz.
What is Bandz
Taking it a step at a time the Bandz is derived from the word bandwidth which describes the maximum data transfer rate of a network or Internet connection. It measures how much data can be sent over a specific connection in a given amount of time. It is a measure of capacity per a given time (example Gigabyte per second).
image sorce - @georgechuks
The Bandz was established in 2017 with its headquarters and Intellectual Property rights held in Toronto, Canada. It is a blockchain based global peer to peer extranet project. The Bandz is a decentralized extranet with the aim of transforming the internet service provider industry from a business into a decentralized global protocol. With the sole purpose of making internet connections censorship-resistant, secure, cheaper, as well as accessible over larger distances and in low infrastructure areas through a mesh network.
Mesh networks are "groups of smart devices (phones, tablets, etc.) which connect to each other’s WiFi so that internet ranges and accessibility can be improved".
How would Bandz Network Operate
Let us use this artificial tree analogy to understand how the Bandz operates. A tree has branches and each branch is connected to the tree directly or indirectly. All the food nutrient the tree gets is shared among all the active branches connected to the tree and in turn, the branches supply a certain quantity of energy in form of sugar to the tree center system. Anytime a branch dies off the tree generates another to replace that branch to keep the cycle of operation going and also to enable a longer lifespan. If there is insufficiency nutrient in a branch its leaf surfers but if a leaf is connected to the tree directly it can survive with the nutrient of other branches. So, at any time or any place, a leaf that has a direct connection to the tree can survive healthily except the tree dies.
The Bandz Network is like the tree illustration I made above. Each Bandz user is connected to the Bandz which has a wide connection amongst internet service providers. The idea is for Bandz users to enjoy quality service at a little cost.
Let assume that I own an MTN sim card which operates on the MTN service and I am a Bandz user, so instead of me subscribing a data plan with my service provider MTN at an exuberant price and poor service due to the fact that MTN service is very poor in my locality. I will subscribe toBandz at a lower price for a similar quantity of data and I can enjoy the fast internet service available within my locality still using my MTN sim card. The Bandz mesh network will incorporate various internet service providers into their service scope.
The Benefit of a Decentralized Internet
There are many benefits associated with the decentralized internet.
A decentralized internet provides an internet user the ability to switch to a better network service available in his or her location still using his or her sim card at no extra cost.
It provides the user value for his or her money as it has become a normal thing in countries where there is poor internet service to indirectly rub its subscribers of their hard-earned money while using their poor internet service.
Where there is a decentralized internet for users, service providers will increase the quality of their service so as not to lose customers and in turn create a competitive market thereby reducing the cost of data.
Who Can Benefit From Being Able to Exchange Bandwidth?
Every internet user and internet service providers will all benefit from being able to exchange bandwidth. As earlier stated bandwidth describes the maximum data transfer rate of a network or Internet connection. If I can exchange bandwidth to you when in need, you will be grateful for my help since my help will be of immense use for you, I may receive money from you as a gift or as a pay for my service rendered. In that instance, we both have benefited from exchanging bandwidth. Also, internet service provider (ISP) who provide me with the service, Bandz Network who will gain in me using their app and Bandz token sellers who make a living by selling the Bandz Network.
How Can This Impact Locations With a Lack of Infrastructure?
It is said that a person without information is like a lost man in the middle of nowhere. Everybody desire to be on top of their games, to know what is happening around them and beyond, to communicate with the one they hold dear and to reach out to the world. But how can this become possible if they have not the required tools to do so (Internet)? They may have the money to pay but the service is not readily available to them so withBandz these people can be saved from through the mesh network. A user in that locality can provide internet service for the people through hotspot sharing and bandwidth exchange. If there is high competition in the market by internet service providers due to decentralization of internet it wouldn’t be long before the locality is visited since they are potential customers.
** Advantages of Mesh Networks**
The advantages of mesh networks include but not limited to the following;
- Data are easily distributed amongst component within the network.
- There is little or no overcrowding and traffic within the network since there are various connections made from one component to others within the network
- A non-working or destructive component within the network has no effect on the other components within the network.
- A new component can be added to the network without disrupting the activities of the other components within the network or having any effect on the old components that are already in the network.
How Can Bandz Get Rid of Needless Roaming Charge?
Bandz can get rid of needless roaming charges by using a fixed price method for all its users and customers. Bandz Network should monitor its customer (The Providers) if they go against the initial agreement concerning roaming charges. Bandz Network should also make is token available but secured at all time.
What Benefit will Bandz Network Offer Her Customers and Individual Users
Apart from the cost-effective which the Network will provide for it enormous users, as a decentralized network the Bandz Network will also give it customer and individual users the following;
For Costumers
Security: The Bandz network will protect networks from attacks (example cyber thief) and also maintain the balance between demand and supply so as to give it user quality and unrestricted service.
Peer to Peer traffic: Bandz Mesh Networks and Bandwidth sharing will allow the provider’s customers to step in with their excess digital commodities and resources. Also given the customers an avenue to profit and fill in the service gaps for the provider who they are signed to.
Customer Churn: by selling Bandz with their data plans providers can offer the token as an additional product, provide their services to foreign customers, generate advertising revenue with sponsored WiFi channels and create self-sustaining payment plans for their customers.
For an individual user
Wider user range: The Bandz mesh networks extend the user’s range of access Bandwidth markets, creating a lower fixed cost of hardware for providers, cheaper data services for end users and a decrease in service cost.
Usability: the Bandz network app is designed that even a street man who can read English will be able to use it.
Quality Internet services: TheBandz Mesh Networks will enable poor internet zones and countries to have quality internet services available to internet service providers via their customers and in turn, customers receive financial rewards for helping their providers with their digital commodities and assets.
Bandz Network
Source: Bandz White Paper
The diagram above will give you a clearer picture of how a user can enjoy the service ofBandz Network.
Bandz Tokens and ICO
There will be a fixed supply of the Bandz token and will be released in stages after the initial coin offering (ICO). This will apply deflationary pressures to the value of the currency as the network grows. The Bandz token will not be minable and it will only be used within the Bandz network to purchase bandwidth extranet services. The token price will be based on buyers, sellers and holders’ views. All Bandz Token can be stored in an ERC-20 wallet. The Bandz Network will on July 2018 commence the pre-purchase Bandz token sale for its potential users through an initial coin offering pre-sale event (ICO). Bandz2018
Token Distribution (Crowdsale) Details
Token Name: BandZ
Token Symbol: BNZ
Type: ERC20
Total Supply: 1 Billion
Token Sale: 150 Million
Reserved: 850 Million
LisƟng Price: USD $0.75
SoŌ Cap: USD $4,000,000
Sale Hard Cap: USD $8,640,234
Private Sale/Pre-ICO/ICO – Discount Schedule (150 Million Tokens)
50,000,000 tokens – Private Sale - 40% discount
5,000,000 tokens – Free via Bounty
9,500,000 tokens – Pre-ICO - 30% discount
21,375,000 tokens – Pre-ICO - 20% discount
16,625,000 tokens – Pre-ICO - 10% discount
9,500,000 tokens – Pre-ICO - 5% discount
21,375,000 tokens – Pre-ICO - 2.5% discount
16,625,000 tokens – ICO Par Price 0.75 USD
For Bandz Airdrops click Airdrop
The BandzTeam
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The Bandz Advisors
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For More Information About Branz Network Click on the Links Below
BandZ Website
BandZ White Paper
BandZ Telegram
BandZ Linkedin
BandZ Facebook
BandZ Twitter
BandZ Raddit
BandZ Github
BandZ Youtube
References
All pictures and text references were gotten from Bandz
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