Streamr, a decentralized network launched in 2017, provides an innovative platform for real-time data exchange and monetization, targeting Internet of Things (IoT), smart cities, and Web 3.0 applications. The project utilizes a peer-to-peer approach, relying on cryptographic security rather than trust-based systems, to facilitate data sharing and monetization.
Streamr’s Data Union Advantage
The platform empowers users to create valuable datasets through Data Unions, allowing them to earn revenue by selling this data on the Streamr Marketplace. Streamr’s Core application streamlines the process of establishing these unions, offering simple tools for analytics and dataset creation. This empowers users to generate income, share profits with contributors, and crowdsource unique data.
Streamr also provides a global infrastructure that allows users to connect data streams to a neutral, scalable network. Data is transported efficiently across the globe using a publish/subscribe model, with transactions completed in less than 400 milliseconds. Participants in the network can earn cryptocurrency by contributing bandwidth, thus maintaining the decentralized nature of the system.
Acquiring DATA Tokens
The DATA token, integral to the Streamr ecosystem, is used for transactions within the marketplace and drives the incentive mechanisms of the network. With a total supply of around 1 billion, DATA tokens are available on several prominent cryptocurrency exchanges, including Binance.
To purchase DATA tokens, one can register on Binance and trade using various popular cryptocurrencies such as Bitcoin, Ethereum, or fiat currencies like USD. Binance users also have the option to buy DATA at a preferred price by placing limit orders.