StreamCoin

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Discover StreamCoin's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is StreamCoin?

StreamCoin (STRM) is a utility token built on the Binance Smart Chain (BSC) using the BEP-20 token standard. It powers an ecosystem of NFT and streaming-focused applications, aiming to bridge the gap between Web2 and Web3. The token is used for various utilities, including NFT minting, staking, and donations, and is listed on over 100 exchanges. The ecosystem includes the STRMNFT marketplace, MeiTalk multi-streaming service, and other tools like Stream Bridge and Stream Chain (Mainnet) blockchain solution.

How is StreamCoin used?

StreamCoin (STRM) is a governance token built on the Binance Smart Chain (BSC) using the BEP-20 token standard. It is primarily designed for its NFT marketplace and to reward streamers and viewers alike. Here are some key uses of StreamCoin:

  1. NFT Marketplace: StreamCoin allows users to mint videos and images into NFTs and provides a dedicated NFT marketplace to buy and sell NFTs. Users can also transfer ownership of NFTs to resell them to others.

  2. Gas Fees and Rewards: StreamCoin has a utility token called GaStream (GSTRM), which is used for gas fees and to incentivize contributors through rewards. GSTRM is listed on CoinMarketCap and can be traded on PancakeSwap and DODO with the GSTRM/BUSD pair.

  3. High-Speed Transactions: StreamCoin supports high-speed transactions up to 300,000 TPS (KOLAS Certified) and provides more security with DDPoS (Dual Delegated Proof of Stake) consensus.

  1. Multiple Earning Opportunities: StreamCoin offers multiple earning opportunities powered by GaStream (GSTRM), including earning rewards through the referral program and the GSTRM Airdrop event.

  2. Stream Bridge: Stream Bridge is a swapping service that enables STRM holders to move their tokens between different blockchains seamlessly and securely, supporting swapping between Binance Smart Chain, Ethereum, Avalanche, Polygon, and Fantom.

  3. MeiTalk Integration: StreamCoin is integrated with MeiTalk, a live streaming platform that allows streamers and viewers to engage through an inbuilt chat feature. MeiTalk also provides a gateway to the AngryMonky NFT marketplace, where users can mint and trade video NFTs.

  1. Rewarding System: MeiTalk's rewarding system lets streamers and viewers earn crypto from watching ads. Content creators can also be rewarded by their fans using STRM.

  2. Cryptocurrency Incentives: Companies can use StreamCoin and GaStream as cryptocurrency incentives for Real Research users after completing their surveys, increasing market adoption.

These features make StreamCoin a versatile token with various applications in the NFT and live streaming ecosystems.

How do I store StreamCoin?

To store StreamCoin (STRM) tokens, you have several options:

  1. Exchanges' Wallets: You can store your STRM tokens on the wallets provided by the exchanges where you purchased them, such as Binance Wallet.

  2. Crypto Wallets: You can use third-party crypto wallets like Trust Wallet, which support multiple cryptocurrencies, including STRM.

  3. Cold Wallets: For long-term storage, consider using cold wallets, which are more secure than hot wallets. This option is ideal for holding your tokens for an extended period.

  1. Atomic Wallet: Atomic Wallet is another option that supports STRM and allows you to manage your tokens along with other cryptocurrencies. It is known for its security and user-friendly interface.

It is essential to ensure the security of your wallet by following best practices, such as using strong passwords and keeping your private keys safe.

How to buy StreamCoin?

To buy StreamCoin (STRM) tokens, follow these steps:

  1. Create an Account on an Exchange:

    • Choose a reputable cryptocurrency exchange that supports StreamCoin (STRM), such as Huobi, Latoken, MXC, Gate.io, BitMart, or Mercatox.
    • Register for an account on the exchange's website or app by providing necessary information, including your email address and a secure password.
    • Complete any required identity verification steps.
  2. Fund Your Account:

    • Select a funding method to deposit fiat currency into your exchange account. Common options include:
      • Credit or debit card
      • Bank deposit via SWIFT
      • Peer-to-peer (P2P) trading
      • Third-party payment channels.
  3. Buy StreamCoin (STRM):

  • Navigate to the Buy & Sell section on the exchange platform.
  • Choose the cryptocurrency pair you want to trade, such as STRM/USDT.
  • Enter the amount you want to purchase and confirm the transaction.
  1. Transfer to Your Wallet (Optional):
    • You can hold your StreamCoin (STRM) in your exchange account or transfer it to a personal cryptocurrency wallet for additional security and flexibility.

For decentralized exchanges (DEXs), the process is slightly different:

  1. Create a Web3 Wallet:

    • Download and install a Web3 wallet like Metamask or Trust Wallet.
  2. Transfer Mainnet Cryptocurrency:

    • Purchase the mainnet cryptocurrency (e.g., ETH, BNB) using fiat and transfer it to your wallet.
  3. Connect to the DEX:

  • Connect your wallet to the DEX and follow the instructions to enable trading.
  1. Swap for StreamCoin (STRM):
    • Find the "Swap" option on the DEX and select the token you want to trade for StreamCoin (STRM).
    • Enter the amount and confirm the transaction.

Remember to research the exchange's reputation, read user reviews, and compare different exchanges to choose the most suitable one for your needs.

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History of StreamCoin

StreamCoin (STRM) is a utility token designed for its NFT marketplace and to reward streamers and viewers alike. It was created on the Binance Smart Chain using the BEP-20 standard and is currently listed on over 100 exchanges. The token is part of the StreamCoin ecosystem, which includes various platforms and tools aimed at enhancing the streaming and NFT experience.

StreamCoin was initially launched on the Binance Smart Chain but is planned to migrate to its own standalone mainnet, Stream Chain 2.0, which will focus on security, decentralization, and versatility. This migration is expected to provide more utilities within the ecosystem, lower gas fees, and better overall performance.

The StreamCoin ecosystem includes several key components, such as MeiTalk, a multi-streaming service that allows users to engage with live streamers and earn crypto rewards. It also features AngryMonky, an NFT marketplace where users can collect, create, and trade digital collectibles. Additionally, Stream Bridge is a swapping service that enables STRM holders to move their tokens between different blockchains seamlessly and securely.

StreamCoin has been involved in various partnerships and initiatives, including a nonprofit project called "Green NFTs" in collaboration with One Tree Planted, aimed at global reforestation. The token has also been used as a cryptocurrency incentive for users of the Real Research app, expanding its reach beyond the live streaming platform.

Overall, StreamCoin aims to bridge the gap between Web2 and Web3 by providing multi-purpose utilities tailored for users worldwide. Its ecosystem is designed to support streamers, viewers, and content creators, offering a range of tools and services to enhance their experience.

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How StreamCoin works

StreamCoin (STRM) is a governance mainnet coin that serves as a utility token for the StreamCoin ecosystem. It is currently running on Binance Smart Chain (BSC) using the BEP-20 standard and is listed on over 100 exchanges. The token will be migrated to Stream Chain following the Mainnet 2.0 release, which will enhance its functionality and security.

Key Features and Uses
  1. Off-Chain Staking: Users can stake their STRM tokens off-chain, allowing them to earn rewards without having to keep their tokens on the blockchain.

  2. NFT Minting: StreamCoin enables the minting of non-fungible tokens (NFTs) for digital assets like videos and images. These NFTs can be traded and owned securely through blockchain technology.

  3. Donations and Transactions: STRM can be used for sending donations to live streamers and for other transactions within the MeiTalk platform. This allows for seamless and secure interactions between streamers and viewers.

  1. On-Chain Staking (Mainnet 2.0): Once migrated to Stream Chain 2.0, users will be able to stake their STRM tokens directly on the blockchain, providing additional security and rewards.

  2. Cross-Chain Swapping: Stream Bridge, a swapping service, allows STRM holders to move their tokens between different blockchains, including Binance Smart Chain, Ethereum, Avalanche, Polygon, and Fantom. This enhances liquidity when trading on decentralized exchanges (DEXs).

Security and Accessibility

StreamCoin ensures highly secure transactions through its decentralized protocol. The MeiTalk wallet supports multiple cryptocurrencies and allows users to send and receive STRM securely. Additionally, the wallet plans to offer staking options in the future, enabling users to earn passive income.

NFT Marketplace and Community

StreamCoin has its own NFT marketplace, AngryMonky, where users can create, collect, and trade digital collectibles. The platform also supports real-time subtitling and personalized search filters, enhancing the user experience. Companies can use StreamCoin and GaStream as cryptocurrency incentives for users completing surveys on the Real Research app, increasing market adoption.

Partnerships and Growth

StreamCoin has participated in events like the World Live Streamers Conference, expanding its reach to new creators, investors, and industry leaders. The platform continues to build partnerships with live streaming platforms and other organizations, further solidifying its position in the cryptocurrency market.

Wallet Management

StreamCoin can be managed through various wallets, including the MeiTalk wallet and the Atomic StreamCoin wallet. These wallets provide secure and convenient management of STRM tokens, with features like private key encryption and 24/7 online support.

Overall, StreamCoin offers a comprehensive ecosystem for live streaming, NFT creation, and secure transactions, making it a versatile and promising cryptocurrency project.

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StreamCoin's strengths

StreamCoin (STRM) has several strengths that make it an attractive investment opportunity:

  • High-Speed Transactions: StreamCoin boasts high-speed transactions of up to 300,000 TPS (KOLAS Certified), ensuring fast and efficient transactions within its ecosystem.
  • Security: The platform employs the Dual Delegated Proof of Stake (DDPoS) consensus, providing an additional layer of security for users.
  • NFT Marketplace: StreamCoin features a dedicated NFT marketplace where users can mint, buy, and sell NFTs, offering a unique opportunity for creators to monetize their digital content.
  • Multi-Earning Opportunities: The platform offers multiple earning opportunities powered by GaStream (GSTRM), a utility token used for gas fees and incentivizing contributors through rewards.
  • Stream Chain 2.0: The upcoming mainnet will focus on security, decentralization, and versatility, making it easier to port smart contracts, DApps, and other applications from Ethereum.
  • Stream Bridge: This swapping service allows STRM holders to seamlessly move their tokens between different blockchains, enhancing liquidity when trading on decentralized exchanges (DEXs).
  • AngryMonky Marketplace: This NFT marketplace supports multiple chains, decentralized in-wallet management, and full traits support, making it a comprehensive platform for digital collectibles.
  • MeiTalk Integration: MeiTalk, a global multi-streaming platform, will enable users to earn and store crypto rewards, display customized ads, and mint Video NFT ownership while supporting multi-streaming capabilities to 80+ platforms.

These strengths position StreamCoin as a robust and versatile platform for video NFTs, offering a range of benefits and opportunities for users and investors alike.

StreamCoin's risks

StreamCoin (STRM) carries several financial risks that investors should be aware of:

  1. Volatility: The value of cryptocurrencies like STRM can be highly volatile, leading to significant financial losses if the market moves against the investor.

  2. Market Manipulation: StreamCoin's price can potentially be easily manipulated by limited trading activity, as indicated by InvestorsObserver's low Risk/Reward Score.

  3. Token Burns: While token burns can reduce the total supply and potentially increase the value of remaining tokens, they can also lead to uncertainty and impact investor confidence.

  1. Dependence on Ecosystem: The success of STRM is closely tied to the performance of the StreamCoin ecosystem, including MeiTalk, Stream Bridge, and other components. If these components fail to gain traction, the value of STRM could suffer.

  2. Competition: The cryptocurrency market is highly competitive, and StreamCoin faces competition from other tokens and platforms. If it fails to differentiate itself or keep up with market trends, its financial performance could be negatively impacted.

  3. Regulatory Risks: As with any cryptocurrency, StreamCoin is subject to regulatory changes and potential legal challenges, which could impact its financial stability and value.

Investors should carefully consider these risks and conduct thorough research before investing in StreamCoin (STRM).

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Did StreamCoin raise funds?

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StreamCoin’s team

  • Michael Ein Chaybeh: The CEO of StreamCoin, a renowned blockchain speaker and leader with an impressive background in blockchain, cryptocurrency, and leadership.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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