StreamIn has made the launch of its blockchain-powered live streaming project. It’s addressing the problem of poor incentivization in live streaming and at the same time give viewers more control over their streaming media. Developed with the belief that viewers should be able to watch interesting and worthwhile content, but also fairly incentivizing live streamers, StreamIn aims to disrupt a space which has traditionally been dominated by household names such as YouTube Live, Twitch, and Periscope.
The Live Streaming Industry The need for live streaming media is growing by the day (StreamLabs), with a growth rate of 80% expected in 2017 with $75 million dollars being generated just off tips alone. Live streamers often put hours of effort into their videos, however, if they are trying to make a full-time career then many don’t get rewarded accordingly. On the flip side, live streaming adoption hasn’t been widely accepted around the world (when compared to standard videos) as the content isn’t as valuable. Quite often, viewers lose that sense of personal interaction which is where live streaming should be thriving in.
“I often try my best to watch live streams, but it’s not always the way I enjoy it, I wish there was a way for it to be more personal. I feel that streamers should focus more on their audience, but with the option of having little-to-no monetization with the most popular streaming platforms, it’s no wonder the streamers are resulting to other donation platforms outside of these streaming ones,” says Kevin Oranje, CEO of StreamIn. “This is completely avoidable. We envision a future where viewers request the type of content they want to watch, and live streamers get sufficiently rewarded for their efforts. The launch of StreamIn is the first step into bringing this vision to reality."
Despite significant growth — the global live-streaming market is expected fly past its $3bn market cap — the adoption of live streaming has been struck with many problems, including monetization issues, authenticity, accuracy, security, and vast majority of uninteresting content. This year we have seen a huge surge in authentic live-news coverage. However, we often fail to see the true side to the story.
How Will StreamIn disrupt the industry? StreamIn will create a pathway to mainstream live broadcasting by aligning the live broadcaster and the content viewers interests. Live content creators will be able to earn more revenue using a different approach to their content creation. By covering the requests of other users, or the platform, content creators will have an unlimited supply of ideas for content to create while they earn revenue on the platform.
At the same time, content viewers are being served content they requested and find interesting. Their interest will lead to a following of the content creators channel that allows the content creator to gain popularity quicker than on other live streaming platforms. In short, StreamIn will be world’s first platform that will incentivize live content creation to benefit both the content creator as viewer creating a community driven environment. “In ours, and our investors opinion, this will be a disruptive platform that will change the way we view and create live content.” Says Mihael Lenic, CTO of StreamIn.
How does blockchain technology contribute to the platform? Blockchain Technology will power the incentive system of our platform that allows us to create and introduce a whole new concept to live streaming. We use blockchain technology to decentralize our financial rewarding system that lowers the service cost by removing the middleman. Additionally, this technology allows us to create a large supply of tokens that enables us to reward our community rightfully for the content they create and the time they invest. Streamers will get paid directly onto the platform in the form of StreamIn (SIT) tokens, which can then be translated into fiat currency later. This keeps all transactions safe, secure, and easily transferable.
Because the reward system will be an automatic process we want to make sure we use reliable technology to support our live request feature and keep it transparent at the same time. Therefore, we will implement the use of smart contracts to keep our rewarding and payment system transparent and pre-determined. For every incentivized broadcast (live request by a user or the platform) a smart contract will be created, stored and activated.
The Team
The StreamIn team consist out of five core members that have vast experience within the startup scene and tech industry. Collectively they have been involved in the creation of several startups that focused on SaaS, 3d Printing and Mobile Applications. The team is advised by Robert Lujo, a highly experienced solution architect and software engineer. Additionally the team is supported by two software companies owned by the CTO and VP Engineering (Encode Ltd and Petra Software) providing the StreamIn team enough developing power to release the StreamIn platform in a matter of months.
StreamIn Platform Pre-Sale Registration At this stage, StreamIn has announced the registration period for the pre-sale of their StreamIn Token. Investors will be considered as shareholders that will have a saying in the overall development and business decisions of the StreamIn Platform, as well as being the first to get access to platform for testing. This pre-sale will offer 50,000,000 SIT tokens, with a minimum funding of 1500 ETH sought to make the startup of the project feasible (1 ETH will equate to 7500 SIT tokens). The Streamin team plans to build a solid community and valuable partnerships first and will announce the definitive pre-sale date in the first week of January 2018.
Its Roadmap
Want to learn more about the Streamin Project --> https://www.streaminlive.io <-