What is StreamCoin?

StreamCoin (STRM) is a utility token powering an ecosystem of NFT and streaming-focused applications. StreamCoin aims to bridge the gap between Web2 and Web3, providing multi-purpose utilities tailored for all users around the globe.

The core platforms of the StreamCoin ecosystem are the STRMNFT marketplace for NFTs and the MeiTalk multi-streaming service. Both platforms are powered by StreamCoin’s in-house technologies and are fully utilizing the STRM token — which is listed on 115+ exchanges.

The StreamCoin ecosystem also includes the GaStream (GSTRM) secondary utility token, the Stream Bridge swapping service, the Stream Chain (Mainnet) blockchain solution, and the NSTA-602 NFT token standard for creating image and full-length video NFTs.

The STRM token is currently a BEP-20 token on BNB Chain (previously Binance Smart Chain). After the release of Stream Chain 2.0, STRM will migrate to the mainnet. This will enable more utilities within the ecosystem, cheaper gas fees, and better overall performance.

How much STRM will be burned?

The supply of STRM is governed through planned token burning. Until the listing in May 2022, three burning rounds had been completed, decreasing the total supply by more than 50%.

As the StreamCoin ecosystem started accumulating STRM service fees, a new burning target was set to decrease the circulating supply by $45 million worth of STRM by the end of 2023.

From August 2022, StreamCoin started initiating monthly burns of the STRM token. The new monthly burns consist of a portion of the platform fees from STRMNFT, Stream Bridge, MeiTalk, and other sources. Therefore, these burns will only decrease the circulating supply of the STRM token.

In the event of not reaching the burning target at the end of 2023, StreamCoin will directly buy STRM from the market and burn it using the company funds.

More details about STRM Burn can be found on the StreamCoin blog on CoinMarketCap.

What is Stream Chain (Mainnet)?

Stream Chain 1.0 (Mainnet 1.0) is the native blockchain for the StreamCoin ecosystem. It powers the NSTA-602 token standard to allow users to create and trade NFTs for images and full-length videos. Stream Chain provides a seamless NFT trading experience with low fees and with a speed of up to 300,000 transactions per second.

As said above, the Stream Chain 2.0 release will include migrating STRM and GSTRM to the mainnet. This migration will enable on-chain staking, low gas fees, better integration inside the ecosystem, and much more.

Where can you buy STRM?

The STRM token is available on over 115 centralized and decentralized exchanges. Users can view STRM’s official listing page to find their preferred trading platform.

Being a BEP-20 token, STRM can be stored on any wallet compatible with the Binance Smart Chain network. However, to get an ideal experience, the StreamCoin team recommends using one of the following wallets: Trust Wallet, MetaMask, Aladdin Pro Wallet, MyEtherWallet, and imToken.

Moreover, Stream Bridge enables cross-chain compatibility for STRM with five blockchains: Binance Smart Chain, Ethereum, Polygon, Fantom, and Avalanche. Using the Stream Bridge provides users with more options to utilize and trade STRM on other ecosystems.

To learn more about StreamCoin, please visit: www.stream-coin.com.