StreamCoin
Crypto Overview
Overview
StreamCoin (STRM) is a blockchain project that aims to create a unified streaming platform ecosystem. The project's stated purpose is to provide a blockchain-based streaming solution that allows content creators to monetize their content and viewers to engage with streams across multiple platforms.
Utility Analysis
The primary utility of STRM tokens includes: platform governance, content creator payments, and viewer engagement rewards. Users can use STRM tokens to tip content creators, purchase virtual gifts, and participate in the platform's ecosystem.
Business Model
The business model appears focused on content creation and streaming services, which are permissible activities from an Islamic perspective. There is no evidence of the platform facilitating prohibited activities such as gambling or interest-based lending.
Development and Adoption
The project shows limited but ongoing development activity. While adoption remains relatively small, this is not a concern from a Sharia compliance perspective.
Token Distribution
The token distribution includes allocations for the team, development, and community rewards. While detailed vesting schedules are not readily available, this alone does not impact Sharia compliance as long as the underlying utility is permissible.
Crypto Impact
To assign a comfort level investing in StreamCoin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to StreamCoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.