The world of social media is a dynamic one the place content material guidelines, and that content material consists primarily of multimedia components. The demand for video content material has continued to extend over time, and the covid pandemic has elevated the speed at which individuals demand video content material. That’s why video streaming companies wish to increase their servers to accommodate the rising demand for streamers.
For individuals who suppose that the streaming business is not going to be only a development, there’s a blockchain venture that shares this perception known as StreamCoin. On this weblog, you will see every little thing that you must find out about this streaming-focused blockchain platform.
StreamCoin is an ecosystem created to take dwell video streaming content material to a brand new stage by making it simpler for individuals who love movies to earn extra and work together with one another with out worrying about sluggish transactions and third-party charges. Mainly, customers of the StreamCoin ecosystem will benefit from the capacity to ship the tokens on the blockchain to facilitate several types of transactions.
One of many fundamental options of blockchain expertise is decentralisation, which makes it attainable for peer-to-peer transactions to happen with out interference from intermediaries. That characteristic is what StreamCoin is leveraging to permit for seamless interactions between video content material creators and viewers.
As with most blockchain-based programs, for this video streaming platform to perform successfully and effectively, it wants its token, STRM. This token makes use of the BEP-20 normal and features on the Binance Sensible Chain (BSC). When the second model of Stream Chain (StreamCoin’s mainnet) will get launched, STRM will likely be migrated from Binance Sensible Chain. When that deployment occurs, customers of STRM can use it for various functions, together with yield farming, node staking, subscriptions, and many others.
View StreamCoin on CoinMarketcap: https://coinmarketcap.com/currencies/stream-coin/
At present, Stream Chain is on mainnet 1.0, and it comes with some unbelievable advantages. For example, there’s a proprietary NFT market to facilitate the sale and minting of video NFTs. As well as, the mainnet 1.0 Stream Chain additionally has a proprietary NFT normal known as the NFT Normal Token Agreement_602 (NSTA_602), which makes proprietor historical past out there and gives customers with the power to mint video NFTs. Moreover, customers may even take pleasure in low transaction charges.
As a blockchain community, Stream Chain is the core of the StreamCoin ecosystem. The primary model of it’s already operating to facilitate the NSTA_602 protocol with a transaction pace that reaches 300,000 TPS. Nonetheless, the second model is in progress and will likely be introduced later with many new options based on the StreamCoin whitepaper.
The StreamCoin ecosystem additionally has a utility token known as GaStream (GSTRM). This token will facilitate the cost of fuel charges when utilizing Stream Chain companies. Along with that, it is going to be used to reward contributors. In the mean time, GSTMR is listed on the DODO and PancakeSwap exchanges. Nonetheless, the crew is doing every little thing to get the token listed on different exchanges quickly.
View GSTRM on CoinMarketcap: https://coinmarketcap.com/currencies/gastream/
Somewhat peek into the technical construction of the GaStream token reveals that it was created utilizing the BEP-20 normal, so it’s appropriate with the Ethereum blockchain. The GSTRM token has completely different functions geared in direction of making the platform’s ecosystem energetic and steady. Along with getting used for fuel charges, GSTRM will likely be a type of reward for the customers after they kind nodes on the mainnet 2.0. Therefore, GSTRM will likely be used to pay completely different charges whereas utilizing the platform. Some appropriate wallets that may customers use to retailer and switch the GaStream tokens embody:
- Metamask
- MEW
- Aladdin Professional
- imToken
- Belief Pockets
Advantages
The StreamCoin ecosystem was created to convey profitability to video content material creators, posting, viewing, and streaming. For everybody concerned within the energetic performance of the platform, listed below are some advantages of the token:
Using the GaStream token will make the charges cheaper. All that will likely be attainable when mainnet 2.0 is prepared.
In comparison with different platforms, Stream Chain will present customers with a less expensive solution to mint NFTs by making the minting charges inexpensive for them.
Rewards are the proper solution to get the loyalty of the platform’s customers, and StreamCoin will present incentives to everybody that makes use of its ecosystem. The incentives will likely be attainable via rewards from watching adverts on the MeiTalk platform, investing in yield farming, collaborating in surveys, and many others.
The GaStream token is used to maintain the performance of the ecosystem. As folks get rewarded, and the tokens are used to pay for fuel, the ecosystem will proceed to take pleasure in sturdy development.
All public sale buyers of the platform will get a free airdrop of GaStream. Traders that paid $50 or extra for the STRM token on the public sale will get 5 GSTRM for each STRM token they purchased.
It could curiosity you that customers can search and watch dwell streams out there on the MeiTalk TV platform. In truth, MeiTalk customers can stream to a number of streaming platforms because the StreamCoin crew is focusing on greater than 80 streaming platforms. Video content material creators and streamers are in for good instances after they hop on the StreamCoin platform, as they are going to be rewarded for his or her participation within the ecosystem.
On March 25, 2022, the primary Alpha launch of MeiTalk TV was offered by StreamCoin’s CEO Michael Ein Chaybeh on the World Stay Streamers Convention in Dubai, UAE. This convention was considered one of its type because it gathered content material creators and crypto fans together with business specialists from all over the world.
Throughout this convention, the StreamCoin crew had the chance to speak nose to nose with its followers, buyers, and different guests who confirmed plenty of curiosity within the venture.
The world of NFTs is evolving quick. Extra folks have begun to hitch the NFT group as a result of it has confirmed to be a profitable one the place folks can revenue from creating content material like artwork, footage, movies, music, and many others.
The MeiTalk TV platform customers can flip their movies into NFTs and put them on the Stream NFT platform, an NFT market the place video content material creators can earn from placing their movies up as NFTs. The Stream NFT platform is simple to make use of, so there aren’t any problems in itemizing movies as NFTs and transacting.
The StreamCoin crew is growing a service known as StreamCoin Bridge to permit buyers to swap STRM between completely different blockchain networks. The crew introduced that this service will likely be out there ranging from Might and can help 4 blockchains. These blockchains are Ethereum, Polygon, Fantrom, and Avalanche, with extra to be added sooner or later.
As StreamCoin’s public sale will conclude on April 30, the crew is planning to checklist STRM on over 100 cryptocurrency exchanges ranging from the primary week of Might. Together with StreamCoin Bridge, this itemizing will make the token out there for thousands and thousands of customers across the map with excessive liquidity and a number of choices that go well with everybody.
The general public sale continues to be operating, so you may make extra returns by shopping for STRM price $50 or extra to obtain the GaStream airdrop earlier than April 30.
What’s extra, StreamCoin is collaborating within the ByVotes voting match, the place you possibly can vote for STRM and get a free airdrop if the venture wins. The vote will finish on April 28, 2022, at 3:59 AM GST; go to the ByVotes web page to be taught extra.
For extra data: StreamCoin Telegram Group
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