StreamCoin (STRM) is a Binance Smart Chain-based governance token. Proof of Stake Authority (PoSA) consensus technique is used, a combination of Delegated Proof of Stake and Proof of Authority. On February 1st, StreamCoin began its ICO (initial coin offering) at a starting price of $0.9. StreamCoin is designed to enhance the live-streaming environment by introducing new innovative features.
NFTs may only be purchased using the StreamCoin token, making the Stream NFT Marketplace a vital aspect of the StreamCoin ecosystem. In addition, it provides the payment layer to conduct transactions while allowing users to mint video NFTs. TNC IT Group, a blockchain consulting business, has invested in StreamCoin’s corporate ICO. According to TNC IT Group, the recently finished STRM public auction saw them buy over 200 million STRMs.
According to the company, by raising more than $11.7 million in its three-month public auction, StreamCoin has surpassed its STRM soft capitalization objective of $11,250,000. In addition, over 100+ cryptocurrency exchanges will be accepting STRM on the same day. Further information was requested but was refused because of a non-disclosure agreement (NDA) the firm has with these exchanges. However, a spokesperson did ensure that the listing would occur in the first week of May.
Huobi Global and Bybit have confirmed that the currency has been listed on their platform today, another milestone for the coin. After a campaign conducted in late April, STRM fought against other altcoins like Baby Doge, Floki Inu, and Medabots in Bybit’s ByVotes competition. It was up to the community to decide which altcoin would be listed. STRM performed exceptionally by a massive margin. Furthermore, more than $200,000 in STRM tokens will be given out to those who voted for it.
Although the community expected the price to skyrocket after the ICO, the price plummeted following the overall market trend. Investors who purchased during the public auction are heartbroken. It has been mandated that investors on the Bybit platform may only sell a maximum of 1600 STRM at any one moment. For investors who purchased $1 million or more, selling the stream is a waste of time.
Stream Bridge, a new feature coming shortly, will let customers switch between different networks with their STRM. In addition, STRM holders may use the Stream Bridge exchanging platform to issue STRM-pegged tokens on other blockchains, including Ethereum, Fantom, Polygon, and Avalanche. With recent developments, investors are confident in a rapid surge of STRM price to $3, providing them with a massive ROI from the current price of $0.19 as per CMC.
