StreamCoin
Crypto Overview
Overview
StreamCoin (STRM) is a blockchain project focused on live streaming technology. The project aims to create a decentralized streaming platform that allows content creators to monetize their content directly through cryptocurrency payments.
Intended Utility
The primary purpose of STRM is to serve as the native token for the Stream ecosystem, enabling payments between viewers and content creators, platform governance, and rewards distribution. The token is designed to facilitate transactions within the streaming platform and incentivize content creation.
Actual Utility Assessment
The project has launched its streaming platform StreamLive, though adoption appears limited. The token is primarily used for trading on various cryptocurrency exchanges rather than its intended streaming platform utility. Development activity appears minimal based on public repositories and updates.
Token Distribution and Founder Analysis
Token distribution information and vesting schedules are not clearly detailed in public documentation. The project team maintains some presence through social media and occasional updates, though detailed technical development reports are sparse.
Technology and Revenue Model
The platform operates on a standard streaming model where content creators can receive payments from viewers. The basic transaction mechanism does not involve interest-bearing components or lending features.
Industry Focus
The streaming platform itself does not inherently facilitate haram activities, though content moderation policies and implementation details are not well documented.
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.