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 through the years, and the covid pandemic has elevated the speed at which individuals demand video content material. That’s why video streaming companies wish to develop their servers to accommodate the rising demand for streamers.
For individuals who assume that the streaming business is not going to be only a pattern, there’s a blockchain venture that shares this perception known as StreamCoin. On this weblog, you’ll 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. Principally, 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 fundamental options of blockchain know-how is decentralisation, which makes it doable 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 perform successfully and effectively, it wants its token, STRM. This token makes use of the BEP-20 normal and capabilities on the Binance Sensible Chain (BSC). When the second model of Stream Chain (StreamCoin’s mainnet) will get launched, STRM can 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 forth.
View StreamCoin on CoinMarketcap: https://coinmarketcap.com/currencies/stream-coin/
At present, 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 normal known as the NFT Normal Token Agreement_602 (NSTA_602), which makes proprietor historical past obtainable and gives customers with the flexibility to mint video NFTs. Moreover, customers will 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 working 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 known as GaStream (GSTRM). This token will facilitate the fee of fuel charges when utilizing Stream Chain companies. Along with that, it is going to be used to reward individuals. In the intervening time, GSTMR is listed on the DODO and PancakeSwap exchanges. Nevertheless, the group is doing the whole lot to get the token listed on different exchanges quickly.
View GSTRM on CoinMarketcap: https://coinmarketcap.com/currencies/gastream/
A little bit 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 lively and secure. Along with getting used for fuel charges, GSTRM can be a type of reward for the customers once 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 embody:
- Aladdin Professional
- Belief Pockets
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 here are some advantages of the token:
Using 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 solution to mint NFTs by making the minting charges reasonably priced for them.
Rewards are the right 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 can be doable by rewards from watching adverts on the MeiTalk platform, investing in yield farming, collaborating 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 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.