StreamCoin

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.