Stream Coin, the Dubai-based blockchain-powered live streaming startup, has finally launched its much-anticipated Initial Coin Offering (ICO). This ICO, in particular, will continue for three months, beginning on the commencement date – February 1, 2022.
Stream Coin will sell up to 1 billion Stream (STRM) at a fixed price of $0.9 apiece during the ICO, as anticipated. To emphasize, all investors must meet Stream Coin’s Know-Your-Customer (KYC) standards in order to comply with government rules on cryptocurrencies in various regions. Investors will be able to participate in the ICO once the process is completed.
In particular, the ICO will be complemented by an investor referral scheme. As the first of its type, this referral program will provide investors with an excellent opportunity to get started right away. More specifically, any investor who purchases $50 in STRM will receive a referral link. This link can then be distributed to other investors as an invitation to participate in the ICO.
Each time the referrer’s referral link is utilized to purchase STRM tokens, the referrer will receive an additional 100% STRM as a reward. Furthermore, there is no minimum purchase need for STRM. However, the maximum buying price is fixed at $9,999 per investor, which equates to 11,110 STRM. This is an additional safeguard to protect ownership control.
The ICO went live on time after a 1.64 billion STRM burn on January 5, 2022. Stream currently has a total supply of 5.52 billion, with 1 billion put aside just for purchase at the public sale. Furthermore, all unsold tokens at the end of the ICO will be burnt. Stream will burn an equal number of tokens from the company’s stake to match.
Interested parties will be pleased to learn that investors participating in the ICO can purchase STRM using a variety of cryptocurrencies. Among them are BTC, ETH, USDT, BNB, BUSD, ABBC, CRO, OKB, FTT, KCS, GT, MEX, and ZB.
Following the ICO, STRM will list its blockchain-based live broadcasting platform ‘MeiTalk’ on over 100 exchanges to encourage acceptance and exposure. The Steam Coin team is presently working on the platform. Furthermore, Stream guarantees that STRM investors will receive extra quality investment benefits after MeiTalk is live.
Finally, due to the rapid rise of the crypto space’s non-fungible token (NFT) market, MeiTalk will enable live broadcasters to convert their films into NFTs at the click of a button. These one-of-a-kind NFTs can then be sold for STRM on the Stream NFT marketplace.
