STREAM Token Announces $5 million “Advisor Round” Pre-Sale Closing

Content creators face incredible obstacles to make a living off of their work. With video streaming platforms such as YouTube and Twitch taking up to 50% of their earnings, creators are left with the scraps of the profit and often resort to sponsorships and affiliate deals just to get by. This is where STREAM Token, the the innovator of a blockchain based token for content creators, comes in.

STREAM Token presents a way for content creators to actually earn an income from what they love doing with no platform lock-in, no direct cost to viewers, and no resorting to sponsorships, advertising, or affiliate deals. STREAM will allow video content creators to earn a living directly from the success of their content.

Today, STREAM proudly announced the closing of a $5 million “advisor round” pre-sale. Notable backers include: Pantera Capital, Fenbushi Capital, Coinfund, FBG Capital, ZhenFund, BLOCKCHAIN PARTNERS Korea, and  INBlockchain, along with individual participants like Jed McCaleb, Michael Arrington, David Johnston, Leon Fu, Roland Hicks, Andrew Yashchuk, and Ramtin from Abstract VC.

“Pantera Capital thinks extremely highly of the STREAM team and their strategies to disrupt existing monopolies in content monetization,” said Paul Veradittakit, a partner at Pantera Capital.  With STREAM Tokens, content creators are now incentivized to monetize on a decentralized peer-to-peer platform, saving massive fees.”

Greg Kufera, CTO of STREAM, believes the STREAM Token is at the heart of the new internet economy. “STREAM Token is part of the larger Silicon Valley movement to fulfill the original intention of the internet: universal access to information,” explains Kufera. “We can finally reward those who share information without curtailing freedom of expression. Content creation doesn’t have to be a zero sum game,” he said. “And we’re ensuring it won’t be.”

For more information about STREAM Token and to register for its token sale, visit: http://www.StreamToken.net

 

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