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 want to develop 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 challenge that shares this perception referred to as StreamCoin. On this weblog, one can find the whole lot you have to find out 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. Mainly, customers of the StreamCoin ecosystem will benefit from the skill 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 doable for peer-to-peer transactions to happen with out interference from intermediaries. That function 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 normal and capabilities on the Binance Good Chain (BSC). When the second model of Stream Chain (StreamCoin’s mainnet) will get launched, STRM can 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/
At the moment, 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 referred to as the NFT Normal Token Agreement_602 (NSTA_602), which makes proprietor historical past obtainable and offers customers with the flexibility 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. Nevertheless, the second model is in progress and can 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 cost of fuel charges when utilizing Stream Chain companies. Along with that, will probably be used to reward contributors. In the intervening time, GSTMR is listed on the DODO and PancakeSwap exchanges. Nevertheless, the workforce is doing the whole lot 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 appropriate with the Ethereum blockchain. The GSTRM token has completely different functions geared in the direction of making the platform’s ecosystem energetic and steady. Along with getting used for fuel charges, GSTRM can be a type of reward for the customers after they type nodes on the mainnet 2.0. Therefore, GSTRM can 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:
- Aladdin Professional
- Belief Pockets
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 can be doable when mainnet 2.0 is prepared.
In comparison with different platforms, Stream Chain will present customers with a less expensive approach to mint NFTs by making the minting charges reasonably priced for them.
Rewards are the proper approach to get the loyalty of the platform’s customers, and StreamCoin will present incentives to everybody that makes use of its ecosystem. The incentives can be doable by 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 sturdy progress.
All public sale buyers 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 obtainable on the MeiTalk TV platform. In actual fact, MeiTalk customers can stream to a number of streaming platforms because the StreamCoin workforce 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 Reside Streamers Convention in Dubai, UAE. This convention was one among its type because it gathered content material creators and crypto lovers together with business consultants from world wide.
Throughout this convention, the StreamCoin workforce had the chance to speak nose to nose with its followers, buyers, and different guests who confirmed numerous curiosity within the challenge.
The world of NFTs is evolving quick. Extra folks have begun to affix 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 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 issues in itemizing movies as NFTs and transacting.
The StreamCoin workforce is creating a service referred to as StreamCoin Bridge to permit buyers to swap STRM between completely different blockchain networks. The workforce introduced that this service can be obtainable 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 workforce 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 obtainable for hundreds of thousands of customers across the map with excessive liquidity and a number of choices that go well with everybody.
The general public sale remains to be operating, so you may 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 challenge 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 Group
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