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 companies want to broaden their servers to accommodate the rising demand for streamers.
For individuals who suppose that the streaming trade is not going to be only a pattern, there’s a blockchain venture that shares this perception known as StreamCoin. On this weblog, you will discover all the things it’s good to learn about this streaming-focused blockchain platform.
StreamCoin is an ecosystem created to take reside 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. 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 know-how 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 operate successfully and effectively, it wants its token, STRM. This token makes use of the BEP-20 commonplace and capabilities on the Binance Good Chain (BSC). When the second model of Stream Chain (StreamCoin’s mainnet) will get launched, STRM shall be migrated from Binance Good 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/
Presently, Stream Chain is on mainnet 1.0, and it comes with some incredible 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 known as the NFT Normal Token Agreement_602 (NSTA_602), which makes proprietor historical past out there and supplies customers with the flexibility to mint video NFTs. Moreover, customers can 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 shall 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 will likely be used to reward contributors. In the mean time, GSTMR is listed on the DODO and PancakeSwap exchanges. Nonetheless, the staff 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 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 fuel charges, GSTRM shall be a type of reward for the customers after they kind nodes on the mainnet 2.0. Therefore, GSTRM shall 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 carry profitability to video content material creators, posting, viewing, and streaming. For everybody concerned within the energetic 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 shall 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 shall 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 fuel, the ecosystem will proceed to get pleasure from strong 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 might curiosity you that customers can search and watch reside streams out there on the MeiTalk TV platform. Actually, MeiTalk customers can stream to a number of streaming platforms because the StreamCoin staff is focusing on greater than 80 streaming platforms. Video content material creators and streamers are in for good occasions 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 type because it gathered content material creators and crypto fanatics together with trade specialists from around the globe.
Throughout this convention, the StreamCoin staff had the chance to speak nose to nose with its followers, buyers, and different guests who confirmed loads of curiosity within the venture.
The world of NFTs is evolving quick. Extra folks have begun to hitch 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, footage, 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 simple to make use of, so there aren’t any problems in itemizing movies as NFTs and transacting.
The StreamCoin staff is creating a service known as StreamCoin Bridge to permit buyers to swap STRM between completely different blockchain networks. The staff introduced that this service shall be out there 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 staff is planning to listing STRM on over 100 cryptocurrency exchanges ranging from the primary week of Could. Together with StreamCoin Bridge, this itemizing will make the token out there for tens of millions 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 price $50 or extra to obtain the GaStream airdrop earlier than April 30.
What’s extra, StreamCoin is taking part within the ByVotes voting match, the place you’ll be able to 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 info: StreamCoin Telegram Group
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