The world of social media is a dynamic one the place content material guidelines, and that content material consists primarily of multimedia parts. The demand for video content material has continued to extend through the years, and the covid pandemic has elevated the speed at which individuals demand video content material. That’s why video streaming providers need to broaden their servers to accommodate the rising demand for streamers.
For individuals who suppose that the streaming business won’t be only a pattern, there’s a blockchain mission that shares this perception referred to as StreamCoin. On this weblog, you can find all the things you should find out about this streaming-focused blockchain platform.
StreamCoin is an ecosystem created to take stay video streaming content material to a brand new degree 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. Principally, customers of the StreamCoin ecosystem will benefit from the potential to ship the tokens on the blockchain to facilitate various kinds of transactions.
One of many primary options of blockchain expertise is decentralisation, which makes it potential 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 methods, 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 capabilities 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 so forth.
View StreamCoin on CoinMarketcap: https://coinmarketcap.com/currencies/stream-coin/
Presently, Stream Chain is on mainnet 1.0, and it comes with some implausible advantages. As an illustration, 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 referred to as the NFT Commonplace Token Agreement_602 (NSTA_602), which makes proprietor historical past obtainable and gives customers with the power to mint video NFTs. Moreover, customers may also get pleasure from 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 velocity that reaches 300,000 TPS. Nonetheless, the second model is in progress and will likely be introduced later with many new options in accordance with the StreamCoin whitepaper.
The StreamCoin ecosystem additionally has a utility token referred to as GaStream (GSTRM). This token will facilitate the fee of fuel charges when utilizing Stream Chain providers. Along with that, it will likely be used to reward contributors. In the meanwhile, GSTMR is listed on the DODO and PancakeSwap exchanges. Nonetheless, the crew is doing all the things to get the token listed on different exchanges quickly.
View GSTRM on CoinMarketcap: https://coinmarketcap.com/currencies/gastream/
Slightly peek into the technical construction of the GaStream token reveals that it was created utilizing the BEP-20 normal, so it’s suitable with the Ethereum blockchain. The GSTRM token has completely different functions geared in the direction of making the platform’s ecosystem lively 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 suitable wallets that may customers use to retailer and switch the GaStream tokens embrace:
- 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 lively performance of the platform, listed here are some advantages of the token:
The usage of the GaStream token will make the charges cheaper. All that will likely be potential when mainnet 2.0 is prepared.
In comparison with different platforms, Stream Chain will present customers with a less expensive technique to mint NFTs by making the minting charges reasonably priced for them.
Rewards are the right technique 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 potential by way of rewards from watching adverts on the MeiTalk platform, investing in yield farming, collaborating in surveys, and so forth.
The GaStream token is used to maintain the performance of the ecosystem. As individuals get rewarded, and the tokens are used to pay for fuel, the ecosystem will proceed to get pleasure from sturdy development.
All public sale traders of the platform will get a free airdrop of GaStream. Buyers that paid $50 or extra for the STRM token on the public sale will get 5 GSTRM for each STRM token they purchased.
It might curiosity you that customers can search and watch stay streams obtainable on the MeiTalk TV platform. Actually, 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 introduced by StreamCoin’s CEO Michael Ein Chaybeh on the World Stay Streamers Convention in Dubai, UAE. This convention was one in all its sort because it gathered content material creators and crypto fanatics together with business specialists from around the globe.
Throughout this convention, the StreamCoin crew had the chance to speak nose to nose with its followers, traders, and different guests who confirmed a number of curiosity within the mission.
The world of NFTs is evolving quick. Extra individuals have begun to hitch the NFT group as a result of it has confirmed to be a profitable one the place individuals can revenue from creating content material like artwork, footage, movies, music, and so forth.
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 straightforward to make use of, so there are not any issues in itemizing movies as NFTs and transacting.
The StreamCoin crew is creating a service referred to as StreamCoin Bridge to permit traders to swap STRM between completely different blockchain networks. The crew introduced that this service will likely be obtainable ranging from Could 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 Could. Together with StreamCoin Bridge, this itemizing will make the token obtainable for hundreds of thousands of customers across the map with excessive liquidity and a number of choices that swimsuit everybody.
The general public sale remains to be operating, so you can also make extra returns by shopping for STRM value $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’ll be able to vote for STRM and get a free airdrop if the mission wins. The vote will finish on April 28, 2022, at 3:59 AM GST; go to the ByVotes web page to study extra.
For extra info: StreamCoin Telegram Neighborhood
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