STREAM continues to exceed people’s expectations, especially with its newest update. CEO Michael Ein Chaybeh stated that STREAM had already been sold in its presale, and also finished burning a portion on the 5th January 2021. The full transcript from Stream Coin Burning as Per STREAM CEO

To know the full story, here is the entire transcript of CEO Michael Ein Chaybeh’s video announcement. CEO Michael Ein Chaybeh:

STREAM: Hello!

Just a quick thank you to every investor and every member of the community, as well as all the team behind STREAM for making this possible.

Our journey began as a dream. It became a vision.

I would like to take a second just to take you back to ‘93 when scientists (who) were in a building, building a platform called MBone (Multicast Backbone) and they used that platform that they developed with a hardware and a software, to broadcast live a gig by a band called Sever Tire Damage. (And) They broadcasted that gig online — on the internet — to Australia and other parts of the world.

They could only applaud when they clicked a button to create a virtual crowd applauding. ‘Till today, we have a like button, we have a comment area — comment section, we have subscriptions and notifications, and there is yet a lot more to add.

What about selling your videos? Or choosing which adverts you would like to appear on your created video? You can do so much more. You can even get automated subtitles made by an artificial intelligence that’s backed up by blockchain. It’ll just tear down borders. It’ll just get more and more audiences to every single streamer.

A streamer gets motivated by receiving an income — the rewards, the endorsements that they get, and yet these get cut down in half on most platforms. By purchasing STRM tokens and endorsing the streamer, they can get more.

Now, this is possible because of blockchain and many other features — just to name a few, which I have already done. (More features) which is NFT, which is subtitling and reducing latency — that is very important if you are subtitling. You don’t want to get subtitles late.

Thank you again to the investors for believing in us. Thank you for believing in our team. Presales have been sold faster than anticipated. All of our presales are now sold!

There is no product to be sold from the presale so we are able to continue without a presale for one month. We would like to use 1.64 Billion (STRM), ICO-allocated coins, and 1.64 Billion from ecosystem and marketing. Now, once we do that, we’re going to be reducing the total supply by 37.27% which means that, from having 8.8 billion coins, we will now have — from the 5th of January — we will have 5.52 billion coins.

Now, don’t forget any unsold ICO coins will get burned, too, and that equal amount will then again get burned from the ecosystem and marketing amount. This means that we might be able to reach around 40% of total 8.8 million. So, having said that, we would like you to know that we are sold out one month in advance, ahead of schedule, that means that we’re going to use that one month to focus more on the ICO — on the global marketing of the ICO and the research and development of the platform.

I would like to thank everybody once again and wish you all a happy and prosperous New Year of 2022!” To find out more about STREAM, please visit their website

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