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 companies need to broaden their servers to accommodate the rising demand for streamers.
For individuals who assume that the streaming business won’t be only a pattern, there’s a blockchain venture that shares this perception referred to as StreamCoin. On this weblog, one can find every thing it’s worthwhile to find out 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. Principally, customers of the StreamCoin ecosystem will benefit from the means to ship the tokens on the blockchain to facilitate several types of transactions.
One of many fundamental options of blockchain expertise is decentralisation, which makes it potential 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 methods, for this video streaming platform to perform successfully and effectively, it wants its token, STRM. This token makes use of the BEP-20 customary 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 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. 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 customary referred to as the NFT Customary Token Agreement_602 (NSTA_602), which makes proprietor historical past out there and gives 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 pace that reaches 300,000 TPS. Nevertheless, the second model is in progress and shall be introduced later with many new options in response to 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 companies. Along with that, will probably be used to reward individuals. In the meanwhile, GSTMR is listed on the DODO and PancakeSwap exchanges. Nevertheless, the workforce is doing every thing to get the token listed on different exchanges quickly.
View GSTRM on CoinMarketcap: https://coinmarketcap.com/currencies/gastream/
Somewhat peek into the technical construction of the GaStream token reveals that it was created utilizing the BEP-20 customary, so it’s appropriate with the Ethereum blockchain. The GSTRM token has totally different functions geared in the direction of making the platform’s ecosystem lively and steady. Along with getting used for gasoline 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 totally different charges whereas utilizing the platform. Some appropriate 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 convey profitability to video content material creators, posting, viewing, and streaming. For everybody concerned within the lively 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 shall be potential when mainnet 2.0 is prepared.
In comparison with different platforms, Stream Chain will present customers with a less expensive solution to mint NFTs by making the minting charges reasonably priced for them.
Rewards are the proper solution 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 potential by means of rewards from watching adverts on the MeiTalk platform, investing in yield farming, taking part in surveys, and so forth.
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 strong development.
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 could curiosity you that customers can search and watch reside streams out there on the MeiTalk TV platform. The truth is, 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 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 Dwell Streamers Convention in Dubai, UAE. This convention was certainly one of its type because it gathered content material creators and crypto fanatics together with business specialists from world wide.
Throughout this convention, the StreamCoin workforce had the chance to speak head to head 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 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 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 problems 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 totally different blockchain networks. The workforce introduced that this service shall be out there ranging from Might and can assist 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 record STRM on over 100 cryptocurrency exchanges ranging from the primary week of Might. Together with StreamCoin Bridge, this itemizing will make the token out there 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 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 event, the place you may 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 study extra.
For extra data: StreamCoin Telegram Group
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