How to Join the Stream Token Airdrop
We’re giving away 500 million tokens!
NOTE: Due to current regulatory uncertainty, we have delayed the initial airdrop date (previously Thursday March 22nd). We will publish an update soon once we can announce the new date.
Hey there! Since starting Stream, we’ve been blown away by the passion of the community that has joined to support this project.
We’ve worked for months to build a functional product, align our business with the soundest thinking on compliance and economics, and welcome world class backers and partners.
Today, we have our most important announcement left to make: we’ve made the decision to release the remainder of the 3.3 billion Stream Token pool allocated for the Initial Distribution through an airdrop, rather than a public sale.
We’ve agonized over this decision, knowing that some of our community has been waiting for a chance to buy Stream Tokens as soon as they become available. We hear you — and will be answering comments on this piece, updating it with FAQs, and actively listening to your feedback in our Telegram Channel.
Although we know we risk disappointing some hopeful buyers, we’re confident this is the best possible direction for the Stream Token project — and for helping us all get to a brighter future for creators both sooner and with less compliance risk.
As we’ve learned more about the regulatory environment, and as the SEC has published more recommendations, it has become clear that public token sales involve significantly more regulatory uncertainty than anybody could have expected when this project started.
In that vein, we’ve also made some important changes to the protocol design and the product. The biggest change is the updated size of our token pool: a fixed 10 billion tokens. You’ll be able to read more about this change in an upcoming post alongside the release of our new whitepaper.
While revising the protocol, we took time some to evaluate the online video payments market and picked a narrower market to focus on — live streaming and in particular, live streaming for the gaming community. We have some great news for gamers and streamers coming soon, and on the same date as our airdrop, we’ll have a product you can try out in the Stream Chrome Extension. This content payment layer will still work for regular video on YouTube and Twitch, but we’ve made some tweaks to make sure it can become a great experience for live streamers and their fans.
How to earn Stream Tokens today
Now that you’ve got the latest from all of us, you’ll probably want to know how the airdrop works! We’re excited to be running these campaigns as they’ll get Stream Tokens into the hands of creators and their fans right away — even if they’ve never had a crypto wallet before.
The airdrop will likely occur in three acts:
- An initial airdrop to our Telegram community, who have shown us a truckton of support since the project’s inception, as a way of saying thank you to old timers and hello to our new members. Join today to secure your STR.
- After you download the Stream CRX, you’ll be able to earn bonus rewards for signing up within the extension.
- As a creator, earn part of the daily bonus pool of 100,000 STR for the next year given to creators in proportion to their views by users with the extension installed.
We’re excited to use this airdrop to bring crypto payments to the gaming content community, and especially to those who might be using crypto for the first time. Getting STR in the hands of fans at no cost allows them to experiment with tipping their favorite creators at no risk, and kickstarts the transaction of value to creators — a fundamental part to Stream’s mission.
How will the airdrop be executed?
The whole airdrop, including daily bonus pool rewards, will see 500 million tokens airdropped to community members, creators and fans over the next 12 months.
The first airdrop, on a new date to be announced soon (subject to change based on the regulatory environment), will see 1 million Stream tokens distributed to our Telegram community in the second quarter of 2018. There’s still time to join and take part!
Thanks you all for your support!
We’re excited. After months hunkered down building a product and a community, this airdrop lets us get Stream Tokens into the hands of people who are super excited about the project, and creators and fans who will start to use them to change how payments happen in online video content.
Follow us on Medium and join our email newsletter to get some major upcoming announcements first, as we approach our first 1 million token airdrop.
Want to learn more about the project? Check out www.streamtoken.net
Join our Telegram community at www.t.me/streamtokencommunity
