Streamr
Crypto Overview
Project Overview
Streamr is a decentralized real-time data network that aims to create a global system for the free and fair exchange of real-time data. The network enables users to publish, subscribe to, and trade real-time data streams through its marketplace.
Intended Utility
The DATA token serves multiple purposes within the Streamr ecosystem: It acts as the payment method for data purchases on the marketplace, incentivizes node operators who help relay data through the network, and provides governance rights to token holders who can participate in protocol decisions.
Actual Utility Assessment
The project shows substantial real-world adoption through partnerships with companies like Binance, Nokia, and Hewlett Packard Enterprise. The network processes millions of real-time data messages daily, demonstrating actual usage of the intended utility. The development team maintains regular updates to the protocol, with active GitHub repositories and continuous improvements to the network architecture.
Token Distribution and Governance
The initial token distribution allocated 30% to the team and advisors with a 2-year vesting period, which has already concluded. The remaining tokens were distributed through public sale (35%), community rewards (35%). Current token distribution shows a relatively decentralized ownership pattern with no single entity holding a controlling stake.
Development vs Marketing
The project demonstrates a strong focus on technical development, with regular updates to the protocol and network infrastructure. Marketing efforts appear proportionate and focused on building awareness for legitimate use cases rather than token price speculation.
Revenue Model
The revenue model is based on facilitating data exchange and network operation, with no interest-bearing mechanisms or lending facilities. Node operators earn rewards for providing network services, which aligns with Islamic principles of fair compensation for work performed.
Crypto Impact
To assign a comfort level investing in Streamr 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 Streamr.
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.