StreamCoin powers a decentralized streaming ecosystem, enabling transactions, rewards, and user participation in blockchain-based content platforms.

As the digital landscape evolves, the move toward decentralization is reshaping the streaming industry. Traditional platforms, often plagued by censorship and unfair revenue distribution, give way to blockchain-powered solutions prioritizing user control and transparency. Decentralized streaming platforms offer content creators and viewers alike a more equitable and engaging experience, free from the constraints of centralized authorities. In this new era of digital content, StreamCoin (STRM) emerges as a key player, driving innovation and empowerment within the decentralized streaming ecosystem.

What is StreamCoin (STRM)?

StreamCoin (STRM) was founded in 2018 by Michael Ein Chaybeh, Awais Sakhi, Jim Kwak, and Tom Yun to integrate streaming services with blockchain technology. The team’s vision was to develop an ecosystem that bridges traditional web technologies with Web3 innovations, offering a comprehensive suite of applications, including the STRMNFT marketplace for NFTs and the MeiTalk multi-streaming platform.

In 2022, StreamCoin gained significant attention during its public sale, which began on February 1 and concluded on April 30. Following the sale, several token burns reduced the total supply from an initial 8.8 billion STRM to approximately 4 billion STRM, demonstrating the project’s commitment to controlling inflation and enhancing token value.

StreamCoin’s ecosystem is further enriched by the GaStream (GSTRM) secondary utility token, the Stream Bridge service for seamless token swapping, the Stream Chain blockchain solution designed for performance and cost-efficiency, and the NSTA-602 NFT token standard that supports both image and full-length video NFTs. StreamCoin has continued to adapt its blockchain infrastructure to remain compatible with Ethereum’s evolving ecosystem, ensuring robust features for decentralized applications.

StreamCoin’s participation in a major blockchain event in Dubai in 2022 highlighted its growing influence in the cryptocurrency community, emphasizing its role in shaping the future of digital content distribution and consumption through a decentralized, blockchain-powered platform. The upcoming launch of Stream Chain 2.0 aims to enhance security, decentralization, and versatility within the ecosystem, solidifying StreamCoin’s position as a key player in the Web3 landscape.

How Does StreamCoin Work? Technology and Decentralized Platforms

StreamCoin’s technological framework is built on its native blockchain, Stream Chain (Mainnet 1.0), and the upcoming Stream Chain 2.0, both of which are crucial to the functionality and success of the StreamCoin ecosystem. These platforms serve as the backbone for all transactions and activities within the ecosystem, including the operation of the STRMNFT marketplace, the creation of NFTs, and the management of high-volume transactions.

Stream Chain (Mainnet 1.0) is StreamCoin’s initial blockchain offering, designed to handle the rigorous demands of a decentralized streaming and NFT ecosystem. This blockchain operates on the Dual Delegated Proof of Stake (DDPoS) consensus mechanism, which balances efficiency with security using 21 masternodes. Of these, 17 block producers are responsible for creating blocks every three seconds, while the remaining four are validator nodes randomly selected for each round to verify transactions. This system ensures network security and stability, with the ability to process up to 300,000 transactions per second (TPS), a speed certified by the Korea Laboratory Accreditation Scheme (KOLAS).

Stream Chain 1.0 supports the NSTA-602 (NFT Standard Token Agreement-602), a proprietary NFT standard that allows users to create, trade, and manage NFTs, including video NFTs, without relying on external token standards. This standard ensures that all NFTs within the StreamCoin ecosystem are fully integrated and traceable through the STRMNFT Explorer, a block explorer that records every transaction, NFT creation, and transfer within the network.

In addition to security and efficiency, Stream Chain 1.0 is designed to be independent, enabling users to operate within the ecosystem without needing external tokens. The blockchain’s native utility token, STRM, powers all transactions, including the minting and trading of NFTs, ensuring a seamless user experience.

Looking ahead, StreamCoin is developing Stream Chain 2.0, set for release in 2025. This new mainnet will build upon the successes of Stream Chain 1.0 while introducing several new features, including smart contract functionality, a native wallet, and integration with Stream Bridge for seamless token swapping. Stream Chain 2.0 will also be compatible with the Ethereum Virtual Machine (EVM), enabling the porting of smart contracts, decentralized applications (DApps), and other Ethereum-based tools. This compatibility will allow StreamCoin to tap into Ethereum’s vast ecosystem, accelerating the adoption of Stream Chain 2.0 and expanding its user base.

Source: streamcoin whitepaper

The focus on security will be further enhanced in Stream Chain 2.0 through a punitive Proof of Stake system, which penalizes bad actors to maintain the integrity of the network. Additionally, integrating Trusted Execution Environment (TEE) technology will provide an extra layer of security by isolating code and data from potential attacks, ensuring the network remains secure even under adverse conditions.

Stream Chain’s technological advancements position StreamCoin as a leading player in the decentralized streaming and NFT space. It offers users a robust, secure, and efficient platform for all their digital content and blockchain needs. As Stream Chain 2.0 approaches its launch, the ecosystem is poised to deliver even greater capabilities, solidifying StreamCoin’s role in the evolving landscape of decentralized technology.

Decentralized Platforms

StreamCoin is advancing its decentralized ecosystem by developing three key platforms: the Stream Blockchain Wallet, Stream Mobile Wallet, and Stream DEX. The Stream Blockchain Wallet, designed for Stream Chain 2.0, will allow users to securely store, send, and receive STRM tokens on the new mainnet. Complementing this is the Stream Mobile Wallet, a multi-chain wallet that supports decentralized applications (DApps) and DeFi protocols. It offers users seamless access to their digital assets and blockchain services. Stream DEX will further enhance the ecosystem by enabling peer-to-peer trading without intermediaries. Scheduled for a 2025 release, this decentralized exchange will support multiple blockchains, ensuring secure, instant transactions for all users. These platforms will provide a comprehensive and user-friendly environment for managing and trading digital assets, reinforcing StreamCoin’s commitment to decentralization and user empowerment.

MeiTalk

MeiTalk is StreamCoin’s innovative live-streaming platform, designed to revolutionize content creation and distribution. It supports multi-streaming, allowing creators to broadcast their content simultaneously across platforms like YouTube and Twitch. MeiTalk features real-time translations and video-on-demand (VOD) services on both desktop and mobile, enhancing accessibility and audience reach. The integrated MeiTalk Wallet supports multiple cryptocurrencies, enabling users to donate, receive donations, and earn rewards directly on the platform. The Producer Lounge feature also allows creators to propose live-streaming ideas and gather donations from their audience to fund these projects, fostering a unique collaborative environment between creators and viewers. With these features, MeiTalk aims to empower content creators and provide them with innovative tools to engage with a global audience, all within a decentralized framework that prioritizes user control and security.

Source: stream-coin.com

StreamCoin Use Cases

StreamCoin (STRM) is a versatile cryptocurrency that powers various functionalities within the StreamCoin ecosystem. STRM facilitates transactions and interactions across multiple platforms as a utility token, making it an essential asset for users engaged in decentralized streaming, NFT trading, and more. The token’s integration into various applications showcases its adaptability and importance in fostering a comprehensive digital environment.

• Transactions within the StreamCoin Ecosystem: STRM is used for all transactions within the StreamCoin platforms, including purchasing NFTs on the STRMNFT marketplace and participating in the MeiTalk streaming service. This seamless integration ensures that users can engage in multiple activities without needing to switch between different currencies.
• Staking and Rewards: Users can stake their STRM tokens in various pools to earn rewards. This feature not only incentivizes holding STRM but also supports network security and liquidity within the ecosystem, offering users a passive income opportunity while contributing to the platform’s growth.
• Voting and Governance: STRM holders have a voice in the future development of the StreamCoin ecosystem. By participating in governance decisions, users can vote on proposals and influence key changes, ensuring that the community’s needs and preferences are reflected in the platform’s evolution.
• Cross-Platform Utility: Through Stream Bridge, users can swap STRM tokens across different blockchains, enhancing the token’s versatility and utility beyond the StreamCoin ecosystem. This cross-chain functionality allows for greater flexibility in managing digital assets, making STRM a valuable token in the broader blockchain landscape.

StreamCoin Main Features

StreamCoin (STRM) offers a range of innovative features designed to enhance the user experience across various platforms and services. These features focus on decentralized management, multi-streaming, and seamless integration with the broader blockchain ecosystem.

MeiTalk Multi-Streaming and Real-Time Interaction

MeiTalk supports multi-streaming to over 80 platforms, including YouTube and Twitch, allowing users to broadcast with a single click. The platform’s AI-powered real-time translation feature enables viewers from different linguistic backgrounds to engage effortlessly. Live streamers and their audiences can interact through an integrated chat feature, fostering a dynamic and engaging streaming environment. Additionally, personalized search filters enhance the user experience, allowing viewers to find content based on country, gender, and age, making MeiTalk a versatile and user-centric streaming platform.

Source: stream-coin.com

Stream Bridge

Stream Bridge allows users to swap STRM tokens across multiple blockchain networks, including Ethereum, Polygon, and Avalanche. This service ensures that STRM holders can maintain high liquidity and participate in decentralized exchanges beyond the Binance Smart Chain (BSC). Stream Bridge is designed for ease of use, offering features like unlimited swaps, secure limits, and swap monitoring. By facilitating cross-chain compatibility, Stream Bridge significantly expands the utility of STRM tokens, enabling users to explore new blockchain ecosystems and services seamlessly.

Source: streamcoin whitepaper

GaStream (GSTRM)

GaStream (GSTRM) is the secondary utility token in the StreamCoin ecosystem, primarily used for paying gas fees and rewarding participants. Running on Binance Smart Chain (BSC) and eventually migrating to Stream Chain 2.0, GSTRM aims to maintain ecosystem stability by offering reduced transaction costs and incentivizing network participants. The token also supports operations such as STRM staking rewards, Real Research survey incentives, and advertisement views on MeiTalk. With periodic token burns and a well-structured distribution plan, GSTRM plays a crucial role in sustaining the long-term health of the StreamCoin ecosystem.

Source: stream-coin.com

Real Research

Real Research, powered by StreamCoin and GaStream, offers businesses an all-in-one solution for data collection and marketing. With over 5 million users in 165+ countries, it provides a secure, mobile-friendly platform to create, participate in, and share surveys globally. Companies can incentivize respondents with cryptocurrency rewards, driving market adoption. The app also features real-time tracking, data analytics, and in-app advertising, making it a versatile tool for research, marketing, and political polls. Real Research ensures that respondents’ data is protected, while delivering fast and credible results for businesses and researchers worldwide.

Source: realresearcher.com

NFT Marketplace

The STRMNFT marketplace, powered by Stream Chain 1.0, is designed for efficient and user-friendly NFT transactions. It allows users to mint, collect, and trade NFTs with low fees and high speed, utilizing the unique NSTA-602 token standard. The marketplace supports multi-edition NFTs, bulk minting, and easy transfers, with blockchain speeds reaching up to 300,000 TPS. Payments and minting processes are handled through MetaMask, ensuring secure transactions. Additionally, users can burn NFTs or transfer them without incurring gas fees. STRMNFT is accessible to everyone, from beginners to experts, with simple registration and robust security features like two-factor authentication. The platform continues evolving, with plans to add more blockchains and features based on community feedback.

Source: streamcoin whitepaper

STRM Coin Distribution and Vesting Periods

The total supply of STRM is fixed, and no additional tokens will be minted. However, due to token burns and vesting period expirations, the distribution of STRM is subject to change. As depicted in the accompanying chart, the most recent distribution includes several key categories: 43.54% of STRM is allocated to Private Sale, which was fully sold out during private-sale rounds. The Company Allotment, comprising 32.66% of the total supply, is designated for operations, development, and employee compensation, with a three-year vesting period starting in May 2022. Advisors & Partners are allocated 10.88%, with a two-year vesting period also commencing in May 2022. Ecosystem & Marketing accounts for 6.45%, earmarked to support the ecosystem through campaigns such as airdrops and giveaways. Finally, another 6.45% was allocated to the ICO, which is now fully sold out.

Additionally, StreamCoin has implemented a series of token burns to reduce the circulating supply. Three pre-listing burns were conducted between January and May 2022, reducing the total supply from 8.8 billion to approximately 4.04 billion STRM. A new burn plan was introduced in August 2022, involving monthly and daily burns, further decreasing the supply. By July 2023, over 100 new burns had been completed, significantly reducing the circulating supply to 1,492,629,682 STRM. This continuous reduction supports the long-term health and sustainability of the StreamCoin ecosystem.

Source: streamcoin whitepaper

Is STRM a Good Investment?

StreamCoin (STRM) offers a promising opportunity due to its comprehensive ecosystem that integrates blockchain, streaming services, and NFTs. The project’s focus on innovative technologies, such as high-speed transactions and decentralized platforms, positions it well within the growing Web3 space. However, a potential downside is the highly competitive nature of the blockchain and streaming industries. As many similar projects emerge, STRM will need to continually innovate and differentiate itself to maintain and grow its user base and market share.

How to Own STRM?

To own STRM, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy STRM.

News on StreamCoin

Even though it is not the latest update, it is worth noting that StreamCoin (STRM) launched AngryMonky, a new multi-chain NFT marketplace, in October 2023. This platform replaced STRMNFT, introducing advanced features like support for Ethereum, BNB Smart Chain, and Polygon, along with a complete UI/UX overhaul. The migration process began in September 2023, ensuring a smooth transition for creators and collectors. AngryMonky represents StreamCoin’s commitment to decentralization, providing an upgraded experience for users in the evolving digital assets landscape.

Take Action on STRM

Check out STRM price today, and start trading your favorite currency pairs.

• STRM/USDT