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 over time, and the covid pandemic has elevated the speed at which individuals demand video content material. That’s why video streaming providers want to broaden their servers to accommodate the rising demand for streamers.
For individuals who assume that the streaming trade is not going to be only a development, there’s a blockchain mission that shares this perception referred to as StreamCoin. On this weblog, you can see every thing you might want to learn about this streaming-focused blockchain platform.
StreamCoin is an ecosystem created to take dwell 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 gradual transactions and third-party charges. Principally, 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 primary 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 methods, for this video streaming platform to operate successfully and effectively, it wants its token, STRM. This token makes use of the BEP-20 commonplace and capabilities on the Binance Sensible Chain (BSC). When the second model of Stream Chain (StreamCoin’s mainnet) will get launched, STRM will probably 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 on.
View StreamCoin on CoinMarketcap: https://coinmarketcap.com/currencies/stream-coin/
At the moment, 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 commonplace referred to as the NFT Normal Token Agreement_602 (NSTA_602), which makes proprietor historical past accessible and supplies customers with the power to mint video NFTs. Moreover, customers may even 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 probably be introduced later with many new options based on the StreamCoin whitepaper.
The StreamCoin ecosystem additionally has a utility token referred to as GaStream (GSTRM). This token will facilitate the fee of gasoline charges when utilizing Stream Chain providers. Along with that, it will likely be used to reward members. In the meanwhile, GSTMR is listed on the DODO and PancakeSwap exchanges. Nonetheless, the group is doing every thing to get the token listed on different exchanges quickly.
View GSTRM on CoinMarketcap: https://coinmarketcap.com/currencies/gastream/
A bit peek into the technical construction of the GaStream token reveals that it was created utilizing the BEP-20 commonplace, 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 secure. Along with getting used for gasoline charges, GSTRM will probably be a type of reward for the customers once they kind nodes on the mainnet 2.0. Therefore, GSTRM will probably 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 embrace:
- Metamask
- MEW
- Aladdin Professional
- imToken
- Belief Pockets
Advantages
The StreamCoin ecosystem was created to deliver 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:
The usage of the GaStream token will make the charges cheaper. All that will probably be attainable when mainnet 2.0 is prepared.
In comparison with different platforms, Stream Chain will present customers with a less expensive strategy to mint NFTs by making the minting charges inexpensive for them.
Rewards are the right strategy 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 probably be attainable by means of rewards from watching adverts on the MeiTalk platform, investing in yield farming, taking part in surveys, and so on.
The GaStream token is used to maintain the performance of the ecosystem. As folks get rewarded, and the tokens are used to pay for gasoline, 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 dwell streams accessible on the MeiTalk TV platform. Actually, MeiTalk customers can stream to a number of streaming platforms because the StreamCoin group is focusing on greater than 80 streaming platforms. Video content material creators and streamers are in for good occasions once 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 Reside Streamers Convention in Dubai, UAE. This convention was considered one of its form because it gathered content material creators and crypto lovers together with trade consultants from world wide.
Throughout this convention, the StreamCoin group had the chance to speak head to head with its followers, traders, and different guests who confirmed a whole lot of curiosity within the mission.
The world of NFTs is evolving quick. Extra folks have begun to affix the NFT neighborhood as a result of it has confirmed to be a profitable one the place folks can revenue from creating content material like artwork, photos, movies, music, and so on.
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 problems in itemizing movies as NFTs and transacting.
The StreamCoin group is creating a service referred to as StreamCoin Bridge to permit traders to swap STRM between completely different blockchain networks. The group introduced that this service will probably be accessible 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 group 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 accessible for thousands and 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 taking part within the ByVotes voting event, the place you may 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 be taught extra.
For extra data: StreamCoin Telegram Group
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