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StreamCoin is a utility token for streaming and NFT applications created by Michael Ein Chaybeh, Awais Sakhi, Jim Kwak, and Tom Yun. It powers the STRMNFT marketplace and MeiTalk service while managing supply through scheduled burns. The team plans to migrate the asset to Stream Chain 2.0 to improve performance and reduce fees.
StreamCoin (STRM) serves as the utility token for an ecosystem centered on streaming and NFT applications. The project aims to connect Web2 and Web3 by offering versatile tools for users worldwide.
Key components of this ecosystem include the STRMNFT marketplace and the MeiTalk multi-streaming service. Both rely on proprietary technology from StreamCoin and fully integrate the STRM token, which is available on more than 115 exchanges.
Additional elements within the ecosystem are the GaStream (GSTRM) secondary utility token, the Stream Bridge swapping service, the Stream Chain (Mainnet) blockchain infrastructure, and the NSTA-602 standard for minting image and full-length video NFTs.
At present, STRM operates as a BEP-20 token on the BNB Chain (formerly Binance Smart Chain). The team plans for STRM to move to the mainnet following the launch of Stream Chain 2.0. This migration is intended to improve performance, reduce gas fees, and expand utility options within the ecosystem.
StreamCoin manages its token supply via a scheduled burning mechanism. Before the May 2022 listing, three burn events took place, which reduced the total supply by over 50%. Following the listing, new burns began targeting the circulating supply. These subsequent burns are funded by platform fees gathered from Stream Bridge, STRMNFT, and other channels.
Stream Chain 1.0 (Mainnet 1.0) serves as the foundational blockchain for the StreamCoin ecosystem. It supports the NSTA-602 token standard, enabling users to mint and exchange NFTs for both images and full-length videos. The network aims to deliver a smooth NFT trading environment characterized by minimal fees and throughput speeds reaching up to 300,000 transactions per second.
As previously noted, the upcoming Stream Chain 2.0 launch plans to migrate both STRM and GSTRM tokens to the mainnet. According to the team, this transition is intended to facilitate on-chain staking, reduce gas costs, improve ecosystem integration, and offer additional enhancements.
You can purchase STRM on more than 115 centralized and decentralized exchanges. To locate a specific platform that suits your needs, consult the official STRM exchange listing page.
As a BEP-20 token, STRM is compatible with any wallet supporting the Binance Smart Chain network. For an optimal experience, the StreamCoin team suggests using Trust Wallet, MetaMask, Aladdin Pro Wallet, MyEtherWallet, or imToken.
Additionally, Stream Bridge offers cross-chain functionality for STRM across five blockchains: BNB Chain (BSC), Ethereum, Polygon, Fantom, and Avalanche. This feature gives users greater flexibility to trade, store, and use STRM within different ecosystems.
StreamCoin (STRM) is a cryptocurrency token built to back applications centered on streaming services and NFTs. Running on the BNB Chain, it seeks to ease the shift from conventional web platforms to blockchain-based systems. The StreamCoin ecosystem comprises several elements, including the STRMNFT marketplace for NFT trading and MeiTalk for multi-streaming, both of which use the STRM token for transactions.
The network also includes GaStream (GSTRM) as a secondary utility token, the Stream Bridge for swapping tokens, and the Stream Chain blockchain, which brings forth the NSTA-602 NFT token standard. This standard enables the minting and trading of full-length video and image NFTs, boosting the flexibility and usefulness of NFTs within the StreamCoin environment.
Originally issued as a BEP-20 token on the BNB Chain, STRM is scheduled to move to the Stream Chain mainnet upon the release of Stream Chain 2.0. This transition is intended to lower transaction fees, enhance ecosystem performance, and broaden the token’s utility.
To actively control the STRM supply, StreamCoin employs a token burning mechanism. This strategy has already caused notable decreases in the total supply, with additional burns planned to come from platform fees and other origins.
STRM is available on many decentralized and centralized exchanges for those wishing to buy it. Users can keep the token in various compatible wallets, providing flexibility in asset management. Furthermore, the Stream Bridge service increases STRM’s utility by allowing cross-chain compatibility with several blockchains, extending the token’s reach across the crypto landscape.
Prospective investors should perform detailed research and account for the changing nature of the cryptocurrency market before deciding to invest.
StreamCoin secures its ecosystem by combining novel technologies with standard security protocols. The system’s decentralized structure, which spans networks, wallets, and applications, minimizes centralized points of failure and boosts resilience against attacks.
Network integrity is maintained through a punitive Proof of Stake (PoS) model that penalizes malicious validators, ensuring they act in the network's best interest. An additional security layer is provided by Trusted Execution Environment (TEE) technology, which creates an isolated space to protect code and data from software attacks originating in the main operating system.
For wallet protection, StreamCoin uses encryption paired with a 6-digit PIN code. The platform also features a multiple safes concept, allowing users to segregate assets and apply distinct access controls to each safe. This approach is considered to offer superior security and privacy compared to traditional single hardware wallets.
The ecosystem also follows fundamental practices like strong password policies and privacy measures. Staking eligibility criteria help uphold the integrity of the staking process, while the DDPoS (Delegated Distributed Proof of Stake) consensus mechanism distributes validation among various parties, making it harder for any single entity to compromise the system. Users are advised to perform thorough research to understand the security features and risks of any cryptocurrency before participating.
StreamCoin (STRM) functions as the core utility token for an ecosystem focused on improving user experiences in live streaming and NFTs. It supports various operations essential to the platform's functionality.
Key uses include:
The team states that utility will expand following the migration to Stream Chain 2.0, which is planned to offer better performance, reduced transaction costs, and added functionalities. This move aims to strengthen STRM's role in handling transactions and interactions within the ecosystem.
Potential investors should conduct thorough research and consider their goals before entering the cryptocurrency market.
Since its launch in 2018, StreamCoin has pursued a strategy of merging streaming services with blockchain technology to connect traditional platforms with Web3. Early on, the project introduced trading interfaces to improve user accessibility and engagement within its ecosystem. The team has also worked to update its infrastructure, ensuring compatibility with the Ethereum blockchain to support decentralized applications (dApps).
In 2022, StreamCoin attended a major event in Dubai, UAE, centered on World Crypto, Live-streaming, Blockchain, and Metaverse, highlighting its focus on these technologies. The ecosystem relies on the STRM utility token, which is used in the STRMNFT marketplace and the MeiTalk multi-streaming service. Other components include the GaStream (GSTRM) secondary utility token, the Stream Bridge swapping service, the Stream Chain (Mainnet) blockchain solution, and the NSTA-602 NFT token standard. To help maintain value and stability, the project employs a token burning mechanism to reduce the total supply of STRM.
Looking forward, the team anticipates that Stream Chain 2.0 will deliver lower gas fees, on-chain staking, and better performance. This upgrade aims to enable the migration of STRM and GSTRM to the mainnet, creating a more integrated system. Throughout its history, StreamCoin has maintained a focus on innovation and adopting blockchain technology within the streaming sector.
StreamCoin marks a major step forward in combining blockchain with streaming and NFT industries. Deployed on the BNB Chain, it has rapidly gained traction in the crypto space, with a market cap that signals its rising adoption and impact. The project functions as a utility token within a broad network of NFT marketplaces and streaming services, seeking to link conventional web interfaces with Web3.
Two main platforms form the foundation of this ecosystem: the STRMNFT marketplace and the MeiTalk streaming service. Both use StreamCoin’s proprietary tech to provide services like NFT minting, trading, and cross-platform streaming, all powered by the STRM token. The system also includes GaStream, a second utility token; Stream Bridge for swapping tokens; the Stream Chain blockchain infrastructure; and the NSTA-602 standard, which enables the creation of image and full-video NFTs.
Originally issued as a BEP-20 token, StreamCoin intends to introduce major technical improvements via the planned Stream Chain 2.0 launch. This update aims to move STRM to its own native mainnet, targeting better performance, lower fees, and broader utility across the ecosystem.
Token supply is managed through regular burns, a key part of the strategy. Funded by platform fees, these burns have notably decreased the total STRM supply and are intended to bolster the token’s long-term value.
The native Stream Chain is recognized for its high throughput and low costs, appealing to NFT traders. The expected Stream Chain 2.0 upgrade plans to improve these traits further, delivering increased efficiency and usefulness.
STRM is available on more than 115 exchanges. The team suggests specific wallets for storing and managing the asset, noting that Stream Bridge allows compatibility with various blockchain networks.
Overall, StreamCoin leads efforts to connect blockchain with streaming and NFT sectors, providing a full set of tools meant to improve user experience and drive Web3 adoption.
StreamCoin was established by four founders: Michael Ein Chaybeh, Awais Sakhi, Jim Kwak, and Tom Yun. This team combined their skills to build a blockchain enterprise dedicated to an ecosystem focused on NFTs and streaming services. They aim to deliver a range of applications for a global user base, providing utilities that connect conventional web technologies with Web3 innovations.
The StreamCoin ecosystem is intended to be all-encompassing, featuring the STRMNFT marketplace for NFT trading and the MeiTalk platform for multi-streaming. These primary platforms rely on the StreamCoin token (STRM) to enable transactions within the system. The ecosystem also includes the GaStream (GSTRM) secondary utility token, the Stream Bridge service for swapping tokens, the Stream Chain blockchain solution designed for better performance and reduced transaction fees, and the NSTA-602 NFT token standard, which allows for the creation of both image and full-length video NFTs.
The founders’ strategic choices and technological developments have made StreamCoin a notable entity in the blockchain sector. Their work to merge streaming services with an NFT marketplace, backed by strong blockchain infrastructure, shows a dedication to improving the usefulness and availability of blockchain technology for users around the world.