Starname, a decentralized naming provider for wallets and decentralized applications, is integrating Band Protocol for multiple secure foreign exchange price feeds that will enhance the user experience and stability within the purchasing process. Users can be assured a fixed price for starnames that is reflective of the spot market value at a commonly recognizable fiat equivalent. Band Protocol (BAND) can now also be used to purchase starnames which can be linked through the Cosmostation Wallet.
The company behind Starname, IOV, is building the bridge between blockchains and people with the creation of the Starname, an easy-to-recognize address that provides a secure, scalable and fully decentralized username for all blockchains. Starname is a decentralized username that looks like kevin*iov which seamlessly integrates into wallets, Dapps and exchanges.
Without Band Protocol, Starname prices would be based on the IOV token only leaving room for volatile price quotations and no benchmark for on-chain cryptocurrency prices. To create a more secure and improved user experience, Band Protocol will be integrated to provide price oracles for 12+ foreign exchange rates including EUR, GBP, CNY, SGD, KRW, JPY, INR, RUB, CHF, AUD, BRL, CAD, HKT and USD.
The Band Protocol community will be able to register a Starname, assign it to their BAND address to send/receive tokens through the Starname Manager or Cosmostation Wallet as opposed to a long and difficult to remember wallet address. You can get your starname today here.