The crypto industry is experiencing a boom after a three-year slump in asset prices. Bitcoin (BTC) has set a record valuation at $70,000 just three months into the year. And other crypto projects are following suit. One such is Stellar (XLM). DeeStream (DST) plans to facilitate investment growth on the decentralized streaming platform.
Jed McCaleb built Stellar (XLM) on the foundation of faster transactions between the digital and traditional finance worlds. It first started as a foundation called the Stellar Development Foundation. Stripe, the centralized payment platform, was one of the early investors in Stellar (XLM).
At the moment, there are 27 billion Lumen tokens in circulation. And the max supply of Stellar (XLM) is 50 billion. It used to be 100 billion, but the foundation decided to burn half of its maximum supply to the raised eyebrows of the decentralized public.
Now, if you’re familiar with the crypto project Ripple (XRP), you might wonder if Stellar (XLM) is just another copy of Ripple (XRP). That isn’t the case because they focus on different aspects of traditional finance. Ripple (XRP) is focused on bank transactions, and Stellar (XLM) focuses on bank transactions that involve cross-border money transfers.
Stellar (XLM) has been progressing steadily on the price charts this month. At the beginning of the month, Stellar (XLM) traded for $0.1118. Then, it sold for $0.1463 a week ago. And currently, Stellar (XLM) goes for $0.1581. Stellar (XLM) has a market cap of $4 billion. And its diluted market cap is closer to $8 billion.
DeeStream (DST) is a decentralized streaming platform that allows better interaction between fans and streamers. It was built to combat the limitations of centralized streaming platforms. Some platforms struggle with transparency in revenue generation, censorship, and third-party monetization apps.
DeeStream (DST) has an organized incentive structure to motivate investors to fund the growth of the crypto project. Shareholders buying into the DeeStream (DST) project during the presale get governance rights and a 50:50 revenue split. It’s a combination of user and investor relations innovation that has positioned DeeStream (DST) for 50x growth.
The team behind DeeStream (DST) has worked hard to explore a decentralized approach to solving these problems. Some of these solutions include payment infrastructure to facilitate fan support.
Then, there’s transparency with revenue generation, which fosters trust between content creators and the platform. Also, there’s the lifting of censorship to boost creativity in the streaming space. Instant payouts create a professional environment for streamers looking to make a living.
Find out more about the DeeStream (DST) presale by visiting the website here.
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