Streamr Network
Streamr is a decentralized network of globally distributed nodes that provide scalable, low-latency, and tamper-proof data delivery while enabling anyone to monetize their data
Categories:
web3
Updated:
2023-05-02
Tags:
Medium of Exchange
Ticker:
DATA
Token Strength.
Token Utility:
Medium of Exchange: $DATA can be used as a payment token between Publishers and Subscribers, while it is the only acceptable payment token between Sponsors and Delegators. Governance: $DATA tokens come with governance rights, allowing token owners to participate in the voting process for proposals on Snapshot.
Demand Driver:
Medium of Exchange: Users buy $DATA to create Bounties or to subscribe to paid data streams that are denominated in $DATA. Staking: Brokers and Delegators buy $DATA to stake it on Bounties (or on Brokers as a Delegator) in order to mine them. Governance: $DATA owners can participate in the governance of the Streamr Network and can especially decide about the future minting and allocation of new $DATA tokens.
Value Creation:
- Real-time data transmission with high throughput and low latency - Minimizing single points of failure - Permissionless data publishing and subscribing - New earning capabilities
Value Capture:
Value accrual to the token: The Streamr Network's token serves as a medium of exchange, and its value is, to some extent, tied to the network's overall value. According to the Equation of Exchange, the token becomes more valuable if there are more transactions and/or longer holding periods for the token, provided that the token supply does not exceed the demand during the specified period. Value accrual to the protocol: The Streamr protocol itself does not (yet) generate any revenue. Publishers, brokers, and delegators capture the value directly by offering their services.
Business Model:
Revenue comes from: Firstly, Publishers can earn a subscription fee from Subscribers by monetizing their data streams. Secondly, Brokers and Delegators are paid by Sponsors in the form of $DATA Bounties for enhancing the performance of selected data streams. Revenue is denominated in: Publishers have the freedom to select their preferred currency. On the other hand, brokers and delegators are remunerated solely in $DATA. Revenue goes to: Either going to the Publishers, Brokers or Delegators. The Streamr protocol itself does not (yet) generate any revenue.
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Protocol Analysis.
| Problems & Solutions | Problem: - Centralized data storage and distribution systems lack robustness, are vulnerable to cyberattacks, and represent a single point of failure, creating significant reliability and security issues. - DApps are also impacted by these problems, limiting their potential as an alternative to centralized systems. Solution: - Implement a decentralized, permissionless relay network that facilitates real-time data messaging, providing a more reliable and secure system. - Create an incentivization mechanism that rewards participants for maintaining high levels of reliability and security, resulting in a more robust and trustworthy network. |
|---|---|
| Predecessors | IOTA: Tangle-based distributed ledger for communication between machines Ocean Protocol: Marketplace for static data |
Investment Take
... coming soon
Tokenomics Timeline.
2017-10-12
ICO
ICO
2021-02-11
SIP-6 Proposal
Authorizing the minting of 100M $DATA, which can be sold to VCs at a maximum market discount rate of 20%.
2021-02-16
SIP-1 Proposal
Double the hard-coded maximum supply from 1 to 2 billion DATA
2022-11-01
SIP-9 Proposal
Allocate the 100M $DATA from SIP-6 to create a project treasury intended for post-roadmap expenses, due to unfavourable market conditions
2023-05-02
TGE
token generation event
2023-05-17
SIP-5 Proposal
Authorizing the minting of 2M $DATA as rewards for testnet participants
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Ecosystem Users.
| Name | Role | |
|---|---|---|
| Brokers | Brokers stake $DATA on Bounties to mine them and subscribe to the respective data streams promising to be a reliable node. If Brokers deliver on their promise, they receive mining rewards proportional to their stake compared to the total $DATA staked on the Bounty. | |
| Delegators | Delegators can finance Brokers by delegating $DATA to them and earn passive income. Brokers use Delegator's tokens to increase their $DATA stake on Bounties and share the rewards with them. Delegators don't mine Bounties themselves. | |
| Publishers | Publishers collect and feed diverse real-time data (on/off-chain, weather, gas prices, etc.) to the #Streamr network. | |
| Sponsors | Publishers can incentivize nodes to enhance the quality of their stream by creating Bounties, a reward pool filled with $DATA that specific nodes (Brokers) can mine. The Bounty's Sponsor can be anyone, not limited to the Publisher. | |
| Subscribers | Subscribers pay the fee set by the Publisher to access data streams, which can be free or paid in $DATA or another currency. |
Resources.
Author.
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