Following the conclusion of its three-month public sale, StreamCoin (STRM) has announced it amassed at least $11.7 million from investors, allowing STRM to reach its soft cap of $11.25 million.
StreamCoin attributed the success to a couple of strategies it implemented, such as its referral reward system, GaStream (GSTRM) airdrop and proactive participation in the back-to-back World Live Streamers Conference and World Metaverse Conference, and the alpha launch of its multi-streaming platform, MeiTalk.
The company also reached a couple of milestones earlier this year. For instance, the number of wallets holding STRM has now reached 100,000. In addition, StreamCoin was able to sign partnerships with other companies, including investment firm AKG Ventures, online survey company Real Research and cryptocurrency wallet app Aladdin Pro.
Michael Ein Chaybeh, CEO of StreamCoin, said, “[The year of] 2022 has been such a phenomenal year for us at StreamCoin. Each of our achievements, including our highly-successful STRM initial coin offering (ICO), only goes to show how much the crypto community believes in us. Every victory we have is also the victory of everyone who supports StreamCoin, and we welcome more to join us as we roll out more exciting updates in line with our roadmap for this year. We have only just begun.”
Moving forward, StreamCoin revealed that it is set to announce more than 100 cryptocurrency exchanges where STRM will be listed. StreamCoin has been contacting these exchanges since a couple of months ago and will be listed simultaneously, a company spokesperson said.
Late in April, StreamCoin displayed the strength of its community. Crypto exchange Bybit held its ByVotes event, where STRM was pitted against altcoins with numerous community members such as Baby Doge Coin (BabyDoge), Floki Inu (FLOKI), EverRise (RISE), Medabots(MTB) and Galaxy Blitz (MIT). STRM won by a landslide for a Bybit listing. Those who voted for STRM will also share in the prize pool of 222,222 STRM, which amounted to some $200,000 at its all-time high, but amounts to roughly $20,000 at the time of writing.
“Joining the competition alongside the likes of Baby Doge and Floki Inu is already an honor to StreamCoin, given that these have been in the crypto space longer than us,” Chaybeh said. “However, our community has proven its support for us, and it’s something that I am immensely proud of. To those who voted for STRM and who continue to back us up, my utmost gratitude [is] to you.”
StreamCoin has also launched STRM Staking, a platform where holders can obtain GSTRM interest for locking their STRM. The platform is currently offering staking plans that users can subscribe to until May 5, at 7:59 pm UTC. After subscribing, STRM tokenholders will earn interest in GSTRM. Those interested can stake here.
In addition, StreamCoin will be debuting Stream Bridge, a swapping portal that will allow STRM tokenholders to mint tokens pegged to the real-time price of STRM on other networks, including Ethereum, Fantom, Polygon and Avalanche. Stream Bridge will be launched together with multiple exchange listings.
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