What is StreamCoin?
StreamCoin is a blockchain-based platform for NFT and streaming applications. The platform connects streamers and viewers directly, enabling them to send and receive donations without the need for any third party. This ensures faster, simpler, and lower-cost transactions. In doing so, StreamCoin is bridging the gap between Web 2.0 and Web 3.0. It provides multi-purpose utilities tailored for all users around the world. The project is powered by the native token, STRM. The StreamCointoken price is available on the STRM price chart above.
The main products in the StreamCoin ecosystem are the STRMNFT marketplace and MeiTalk. The STRMNFT marketplace allows creators to create NFT ownership for their content quickly and affordably. It operates on Stream Chain and utilizes the project’s standard, the NSTA-602, to create NFTs. Other key features of the platform are multiple crypto support, NFT auction and trading, and ownership history.
MeiTalk is a multi-streaming service platform. It enables users to earn and store crypto rewards, display customized ads, and mint Video NFT ownership. MeiTalk provides multi-streaming capabilities to more than 80 platforms, including popular ones such as YouTube, Instagram, and TikTok.
The StreamCoin ecosystem also includes the GaStream (GSTRM) token, a secondary utility token, and the Stream Bridge swapping service.
Use Cases of STRM Tokens
STRM is a multi-utility token that fuels the entire StreamCoin ecosystem. Community members can use StreamCoin crypto assets to make payments for products and services. The token also powers the reward system on the platform. Streamers and viewers can earn crypto from watching ads. Content creators are also rewarded by their fans using STRM. Moreover, STRM holders can also stake their assets to secure the ecosystem and earn decent rewards.
STRM coin is listed in more than 100 exchanges, where it can be traded. However, the STRM price may be volatile, hence, it calls for research. You can study the StreamCoin price chart above to make a more informed trading decision.
Who Founded StreamCoin?
The minds behind StreamCoin are a team of competent and professional individuals with outstanding blockchain knowledge and technical skills. The team is led by the CEO, Michael Ein Chaybeh. Michael is a renowned blockchain speaker and leader. He has an impressive background in blockchain, cryptocurrency, and leadership.
Tokenomics of STRM
The STRM token was launched on the Binance Smart Chain and followed the BEP-20 token standard. However, the project plans to migrate the token to the mainnet after the launch of Stream Chain 2.0. The move will enable more utilities within the ecosystem, cheaper gas fees, and better overall performance.
StreamCoin token launched with an ICO that began on February 1 and ended on April 30, 2022. The initial total supply of STRM was 8,800,000,000. However, the project followed the launch with three successive token burns that were completed in May 2022. The burns decreased the total supply by more than 50%.
Then, the project set a new burning target that would decrease the circulating supply by $45 million worth of STRM by the end of 2023. Thus, from August 2022, StreamCoin started initiating monthly burns of STRM tokens. The monthly burns took a portion of the platform fees from STRMNFT, Stream Bridge, MeiTalk, and other sources.
The token burning is a deflationary mechanism that drives the demand for the token up, thus, positively influencing the STRM price in the long run.
