Data Provider Overview
As a data provider, your job is to provide real-world data to Band Protocol. To become a data provider, you need to stake dataset tokens to apply for a slot. Top data providers by the total number of staked dataset tokens from token holders are entitled to perform work. A portion of revenue collected from data queries are distributed evenly to active data providers, while the remaining is distributed to stakers.
Once entitled as a data provider, you are reponsible to maintain an instance of Provider Node ready to supply information to the blockchain. In this tutorial, we will walk through how you can setup the node and start serving data to Band Protocol. 👉