StreamCoin price

STRM

#2084

The supply of STRM is governed through planned token burning. Until the listing in May 2022, three burning rounds had been completed, decreasing the total supply by more than 50%.

After the listing, StreamCoin started initiating new burns from the circulating supply. The source of the new burns is the platform fees accumulated from STRMNFT, Stream Bridge, and other sources.

More details about STRM Burn can be found on the StreamCoin blog on CoinMarketCap.

Stream Chain 1.0 (Mainnet 1.0) is the native blockchain for the StreamCoin ecosystem. It powers the NSTA-602 token standard to allow users to create and trade NFTs for images and full-length videos. Stream Chain provides a seamless NFT trading experience with low fees and with a speed of up to 300,000 transactions per second.

As said above, the Stream Chain 2.0 release will include migrating STRM and GSTRM to the mainnet. This migration will enable on-chain staking, low gas fees, better integration inside the ecosystem, and much more.

The STRM token is available on over 115 centralized and decentralized exchanges. Users can view the official STRM exchange listing page to find their preferred trading platform.

Being a BEP-20 token, STRM can be stored on any wallet compatible with the Binance Smart Chain network. However, to get an ideal experience, the StreamCoin team recommends using one of the following wallets: Trust Wallet, MetaMask, Aladdin Pro Wallet, MyEtherWallet, and imToken.

Moreover, Stream Bridge enables cross-chain compatibility for STRM with five blockchains: BNB Chain (BSC), Ethereum, Polygon, Fantom, and Avalanche. It provides users with more options to utilize, store, and trade STRM on other ecosystems.

StreamCoin is a cryptocurrency token designed to support a range of applications focused on NFTs and streaming services. It operates on the BNB Chain, aiming to facilitate a seamless transition from traditional web platforms to blockchain-based solutions. The ecosystem around StreamCoin includes various components, such as the STRMNFT marketplace for trading NFTs and MeiTalk for multi-streaming services, leveraging the STRM token for transactions.

Additionally, the ecosystem features the GaStream (GSTRM) as a secondary utility token, the Stream Bridge for token swapping, and the Stream Chain blockchain, which introduces the NSTA-602 NFT token standard. This standard supports the creation and trading of image and full-length video NFTs, enhancing the utility and flexibility of NFTs within the StreamCoin ecosystem.

The STRM token, initially launched as a BEP-20 token on the BNB Chain, is set to migrate to the Stream Chain mainnet with the launch of Stream Chain 2.0. This migration aims to improve the ecosystem's performance, reduce transaction costs, and expand the token's utility.

StreamCoin also implements a token burning strategy to manage the supply of STRM tokens actively. This approach has led to significant reductions in the total supply, with further burns planned to derive from platform fees and other sources.

For those interested in purchasing STRM, it is listed on numerous centralized and decentralized exchanges. The token can be stored in various compatible wallets, offering users flexibility in managing their assets. Additionally, the Stream Bridge service enhances STRM's utility by enabling cross-chain compatibility with multiple blockchains, broadening the token's applicability across the crypto ecosystem.

It's important for potential investors to conduct thorough research and consider the evolving nature of the cryptocurrency market before making investment decisions.

StreamCoin employs a multifaceted approach to ensure the security of its ecosystem, leveraging both innovative technologies and traditional security measures. The foundation of StreamCoin's security lies in its decentralized nature, encompassing networks, wallets, and applications. This decentralization inherently reduces the risk of centralized points of failure, making the system more resilient against attacks.

The network security is enhanced through a punitive Proof of Stake (PoS) system, which discourages malicious activities by penalizing bad actors, thereby ensuring that validators act in the best interest of the network. Additionally, the use of Trusted Execution Environment (TEE) technology provides an extra layer of security. TEE operates as an isolated execution environment, safeguarding code and data against software attacks from the main operating system.

For wallet security, StreamCoin incorporates encryption alongside a 6-digit PIN code, offering a robust layer of protection for users' assets. The concept of multiple safes further fortifies this security model. By allowing asset segregation and the setting of different access controls for each safe, users benefit from enhanced privacy and security. This multi-safe approach is considered to provide a higher level of security compared to traditional single hardware wallets.

Beyond these specific technologies, StreamCoin also adheres to basic security practices such as strong password policies and privacy measures. The ecosystem's staking mechanism comes with eligibility criteria that reinforce the security and integrity of the staking process. Furthermore, the DDPoS (Delegated Distributed Proof of Stake) consensus mechanism contributes to the network's security by distributing the validation process across multiple parties, making it more difficult for any single entity to compromise the system.

It's crucial for individuals to conduct thorough research and understand the security features and risks associated with any cryptocurrency or blockchain technology before engaging with them.

StreamCoin (STRM) serves as the backbone of an innovative ecosystem designed to enhance the experiences of users within the realms of NFTs and live streaming. This utility token facilitates a variety of operations, making it an integral part of the ecosystem's functionality.

One of the primary uses of StreamCoin is within the STRMNFT marketplace, where it acts as a medium for transactions. This marketplace is tailored for the buying, selling, and trading of NFTs, including unique digital assets like images and full-length videos. The versatility of STRM extends to the MeiTalk platform, a multi-streaming service that leverages StreamCoin to provide a seamless streaming experience across various networks.

Furthermore, StreamCoin is instrumental in the ecosystem's governance and operational sustainability through the Evergreen DAO. This decentralized autonomous organization utilizes STRM for fostering innovation, supporting economic and social benefits, and ensuring the ecosystem's growth remains sustainable over time.

For users interested in generating additional value from their holdings, StreamCoin offers mechanisms such as off-chain and on-chain staking. These processes allow token holders to earn rewards by participating in the network's security and operations. Additionally, the ecosystem supports the creation and minting of NFTs, providing a platform for artists and creators to monetize their work directly through STRM.

StreamCoin also emphasizes the importance of community and social impact, enabling the use of STRM for donations. This feature underscores the ecosystem's commitment to leveraging blockchain technology for broader social benefits.

The token's utility is set to expand with the migration to Stream Chain 2.0, promising enhanced performance, lower transaction costs, and increased functionalities within the ecosystem. This migration will further solidify STRM's role in facilitating a wide range of transactions and interactions within the StreamCoin ecosystem.

It's important for potential investors to conduct thorough research and consider their investment goals before participating in the cryptocurrency market. StreamCoin, with its diverse applications and commitment to innovation, represents a noteworthy aspect of the evolving digital asset landscape.

StreamCoin has experienced several pivotal moments since its inception, reflecting its growth and expansion within the cryptocurrency and blockchain space. Initially launched in 2018, StreamCoin quickly set out to distinguish itself by focusing on the integration of streaming services with blockchain technology. This unique approach aimed at bridging the gap between traditional streaming platforms and the decentralized web, or Web3, has been central to its development strategy.

One of the earliest significant milestones for StreamCoin was the introduction of trading interfaces, which facilitated user interaction with its ecosystem. This development was crucial for enhancing user experience and accessibility, making it easier for users to engage with StreamCoin's offerings.

Further, StreamCoin has been proactive in updating and improving its blockchain infrastructure. Notably, the project has made strides in adapting to the Ethereum blockchain's evolving landscape, ensuring compatibility and leveraging Ethereum's robust features for decentralized applications (dApps).

In 2022, StreamCoin marked a significant presence in the cryptocurrency community by participating in a major event in Dubai, UAE, focused on World Crypto, Live-streaming, Blockchain, and Metaverse. This event underscored StreamCoin's commitment to these cutting-edge technologies and its role in shaping the future of digital content distribution and consumption.

StreamCoin's ecosystem is powered by the STRM token, which serves as a utility token across various applications, including the STRMNFT marketplace for NFTs and the MeiTalk multi-streaming service. The ecosystem also features the GaStream (GSTRM) secondary utility token, the Stream Bridge swapping service, the Stream Chain (Mainnet) blockchain solution, and the NSTA-602 NFT token standard.

The project has also implemented a token burning strategy to manage the supply of STRM tokens effectively. By reducing the total supply, StreamCoin aims to maintain the token's value and stability over time.

Looking ahead, the release of Stream Chain 2.0 is anticipated to bring significant improvements to the ecosystem, including on-chain staking, lower gas fees, and enhanced performance. This upgrade will facilitate the migration of STRM and GSTRM to the mainnet, unlocking new utilities and fostering a more integrated and efficient ecosystem.

StreamCoin's strategic developments, from its launch to the present, illustrate its dedication to innovation and its role in the evolving landscape of blockchain and cryptocurrency. As the project continues to grow, it remains focused on delivering value to its users and contributing to the broader adoption of blockchain technology in the streaming industry.

StreamCoin represents a significant advancement in the integration of blockchain technology with the streaming and NFT sectors. Launched on the BNB Chain, it has quickly established itself within the cryptocurrency market, boasting a market capitalization that reflects its growing influence and adoption. At its core, StreamCoin is designed to serve as a utility token within an expansive ecosystem that includes NFT marketplaces and streaming services, aiming to seamlessly connect traditional web platforms with the decentralized web, or Web3.

The ecosystem is anchored by two primary platforms: the STRMNFT marketplace and the MeiTalk streaming service. These platforms leverage StreamCoin's proprietary technologies to offer a range of services, from NFT creation and trading to multi-platform streaming, all while utilizing the STRM token. This ecosystem is further enriched by the addition of GaStream, a secondary utility token, the Stream Bridge service for token swapping, the Stream Chain blockchain solution, and the NSTA-602 NFT token standard, which facilitates the creation of both image and full-length video NFTs.

Initially launched as a BEP-20 token, StreamCoin has plans for significant technological advancements with the upcoming release of Stream Chain 2.0. This upgrade is expected to transition STRM to a native mainnet, promising enhanced performance, reduced transaction costs, and expanded utility within its ecosystem.

An important aspect of StreamCoin's strategy is its approach to token supply management through periodic token burns. These burns, which have significantly reduced the total supply of STRM tokens, are funded by platform fees and are designed to support the token's value over time.

Stream Chain, the ecosystem's native blockchain, is noteworthy for its high transaction throughput and low fee structure, making it an attractive platform for NFT trading. The anticipated upgrade to Stream Chain 2.0 is set to further enhance these features, offering even greater efficiency and utility for users.

For those interested in acquiring STRM, it is accessible on a wide range of exchanges, with over 115 platforms offering the token. The StreamCoin team recommends several wallets for optimal storage and management of STRM, highlighting the token's compatibility with multiple blockchain ecosystems through the Stream Bridge service.

In summary, StreamCoin is at the forefront of bridging the gap between blockchain technology and the streaming and NFT markets, offering a comprehensive suite of services and technologies designed to enhance user experience and promote adoption of Web3 functionalities.

StreamCoin was founded by a team of four individuals: Michael Ein Chaybeh, Awais Sakhi, Jim Kwak, and Tom Yun. This diverse group of founders has brought together their expertise to create a blockchain company that focuses on developing an ecosystem centered around NFTs and streaming services. Their vision is to provide a suite of applications that cater to a global audience, offering various utilities that bridge traditional web technologies with the innovative possibilities of Web3.

The StreamCoin ecosystem is designed to be comprehensive, including the STRMNFT marketplace for trading NFTs and the MeiTalk platform for multi-streaming services. These core platforms leverage the utility of the StreamCoin token (STRM), which is integral to facilitating transactions within the ecosystem. The ecosystem is further enriched by the GaStream (GSTRM) secondary utility token, the Stream Bridge service for token swapping, the Stream Chain blockchain solution for enhanced performance and lower transaction costs, and the NSTA-602 NFT token standard, which supports the creation of both image and full-length video NFTs.

The strategic direction and technological innovations introduced by the founders have positioned StreamCoin as a significant player in the blockchain space. Their efforts to integrate streaming services with the NFT marketplace, supported by a robust blockchain infrastructure, demonstrate a commitment to advancing the utility and accessibility of blockchain technologies for users worldwide.