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 providers want to develop their servers to accommodate the rising demand for streamers.
For individuals who assume that the streaming trade won’t be only a development, there’s a blockchain mission that shares this perception referred to as StreamCoin. On this weblog, you’ll find all the things 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 sluggish transactions and third-party charges. Principally, customers of the StreamCoin ecosystem will benefit from the means 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 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 customary and features on the Binance Good Chain (BSC). When the second model of Stream Chain (StreamCoin’s mainnet) will get launched, STRM will probably 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 many others.
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 customary referred to as the NFT Normal Token Agreement_602 (NSTA_602), which makes proprietor historical past obtainable and supplies customers with the flexibility to mint video NFTs. Moreover, customers may even take pleasure in 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 in line 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 providers. Along with that, it is going to be used to reward contributors. In the mean time, 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/
Just a little peek into the technical construction of the GaStream token reveals that it was created utilizing the BEP-20 customary, so it’s suitable with the Ethereum blockchain. The GSTRM token has totally different functions geared in the direction of making the platform’s ecosystem energetic and steady. Along with getting used for fuel charges, GSTRM will probably be a type of reward for the customers once they type nodes on the mainnet 2.0. Therefore, GSTRM will probably be used to pay totally different charges whereas utilizing the platform. Some suitable wallets that may customers use to retailer and switch the GaStream tokens embody:
- 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 way of rewards from watching adverts on the MeiTalk platform, investing in yield farming, collaborating in surveys, and many others.
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 take pleasure in strong development.
All public sale traders 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 dwell streams obtainable on the MeiTalk TV platform. The truth is, 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 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 Stay Streamers Convention in Dubai, UAE. This convention was one among its type because it gathered content material creators and crypto lovers together with trade specialists from all over the world.
Throughout this convention, the StreamCoin crew had the chance to speak nose to nose with its followers, traders, and different guests who confirmed loads of curiosity within the mission.
The world of NFTs is evolving quick. Extra folks have begun to hitch 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 many others.
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 aren’t any issues in itemizing movies as NFTs and transacting.
The StreamCoin crew is growing a service referred to as StreamCoin Bridge to permit traders to swap STRM between totally different blockchain networks. The crew introduced that this service will probably 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 record 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 tens of millions 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 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 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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