Stream Coin, a Dubai-based streaming company powered by blockchain technology, has announced that it will have a three-week Initial Coin Offering (ICO) beginning in February 1.

During the ICO, up to one billion Streams (STRM) can be purchased at a fixed $0.9 per unit. To ensure compliance with government regulations of different countries on cryptocurrencies, each investor must pass Stream’s Know-Your-Customer (KYC) requirement before they are allowed to participate.

According to Stream this ICO is the first one to offer a referral system for investors. Those who buy STRM Coin worth at least $50 can get a referral link that they can use for inviting others to join the ICO. Referrers who use their referral code to purchase STRM Coin will get an extra 100% STRM.

An investor cannot purchase a minimum amount of STRM. However, there is a limit of $9,999 that can be invested per person. This is the equivalent of 11,110 STRM.

After a 1.64 billion STRM burn on January 5, the company announced its ICO. Stream currently has a supply of only 5.52 billion STRM, and 1 billion of these will be sold during the public sales. STRM will not be sold if it isn’t purchased from the 1,000,000 tokens available during the ICO. Subsequently, Stream will burn an equal number of tokens from the company’s allocation.

Participating in an ICO can purchase STRM using a variety of cryptocurrencies including BTC and ETH.

After the ICO, STRM will be listed on more than 100 exchanges to promote awareness and adoption of its blockchain-based live streaming platform “MeiTalk”, which is being developed by the Steam Coin team. The company will ensure investors who bought STRM will receive satisfying investment benefits, particularly when MeiTalk launches.

MeiTalk also allows live streamers to easily convert their video into non-fungible tokens (NFTs), thanks to the growth of the NFT market within the crypto space. These NFTs can then be used to purchase STRM from the Stream marketplace.

For more information regarding the Stream Coin ICO, kindly visit https://stream-coin.com/public-sale

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