Announcing the Streamr DATAcoin ICO

EDIT: Postponed pre-contribution period by 48 hours to start on Thursday, September 14th at 12:00 UTC

If you’re new to Streamr, this video explains Streamr in 2 minutes. The characteristics of the whole Streamr system are described in detail on our website and in our white paper.

Dear community,

From the beginning, we have been keen to make sure that our entry to the space is not driven by an up-front request to collect funds, but rather by proof of our intentions, intuitions, and capacities in this industry. Over the course of the last months, we have been releasing demonstrations of this general philosophy, and the reception has seemingly been quite positive.

Nonetheless, you’ve been flooding us with inquiries about an ICO from the beginning; not a day goes by without numerous private emails and Slack inquiries to this end. This is of course terribly flattering. So if that is what you generally want to see, then very well, let’s do it: YES, there will soon be a crowdsale of the DATAcoin token (symbol: DATA), the usage token native to the Streamr Network.

The DATAcoin token will be available in two phases:

Pre-contribution period

  • Planned to start on Tuesday, September 14th
  • Our partner Bitcoin Suisse will onboard the contributions via their brand new platform
  • A bonus will apply

Crowd contribution period

  • Planned to start soon after the pre-contribution period in late September or early October

The total contribution cap is 30 million CHF (Swiss franc) or equivalent in total (presale and crowdsale combined). 65% of all tokens is available to the general public. A website detailing the exact terms and conditions of both contribution phases will be launched soon.

We’ve been working since 2014 to make real-time data more usable and valuable to everyone. We have built tools that lower the threshold and cost of data-driven prototyping, automation, and application development, and worked with clients ranging from startups to multinational enterprises, helping them to find new value in data.

The amount of real-time data is growing exponentially for the foreseeable future. This means that there will be more machine-to-machine messaging than there is people-to-people messaging, by many orders of magnitude.

This messaging needs scalable, low-latency infrastructure that fully supports the decentralization of applications. We believe decentralization to be the inevitable future of the whole application development stack. Decentralization of real-time data will be a necessary step to free personal, commercial, and machine data streams from the control of giant corporations. It will unlock the next level of decentralized applications and go way beyond what is achievable with current-day blockchains and distributed file storage alone.

Being fairly new faces to the scene, we have been cautious before making an announcement like this. Streamr represents a vision of the deep future, and one that we hope to play a big part in, but which we know all too well involves many “unknown unknowns”. Still, we are proud to join the ranks of others who bravely march down such a path. Particularly we want to thank our visionary friends at Golem and OmiseGO for their encouragement and mentorship throughout this process.

In closing, let me say that we sincerely look forward to serving the Ethereum and general decentralization-movement community with a smooth ICO and an incredibly useful service. We hope to leave our mark in this space, and contribute to the development of a new breed of applications and business models. To be clear, we thrive on this. We are engineers.

I invite all interested parties to join our Slack, where you can stay updated about the contribution periods and other matters. You can also chat with us in person at Bitcoin Wednesday on September 6th in Amsterdam or at the Golem & friends meetup on September 7th in Berlin. The team will be available to answer any questions you may have.

Here’s to yet another stepping stone towards a more balanced and decentralized future!

Kippis,

— Henri, CEO Streamr

 

Disclaimer: This blog post is a declaration of intent, and does not constitute an offering. Detailed terms and conditions of the crowd contribution periods will be available on the official website published by Streamr Network AG.

Video: Tokenizing real-time data – Streamr explained in 2 minutes

(If you can’t watch the video, find the text below):

Streamr aims to tokenize the value in real-time data.

For example, let’s consider a self-driving electric car. For optimal operation, it constantly needs data from other machines, such as traffic congestion information from other cars, electricity prices on nearby charging stations, weather forecasts, and so on. Streamr provides a single interface for real-time data delivery and payment, making data streams tradeable by people and machines using the cryptographic token called DATAcoin which lives on the blockchain. The car can autonomously get the data it needs and pay for it. In turn, the car can sell the data it produces, such as traffic data to other cars, road condition measurements to a smart city, location and battery level to advertisers, and so on. A data stream economy is born.

Streamr is implemented as a decentralized peer-to-peer network. A data source can connect to any node in the network, publish a data point, and the network will instantly deliver it to valid subscribers. Horizontal scalability is achieved via a clever sharding scheme. The network integrates with the Ethereum blockchain, using smart contracts for security-critical operations like monetization and access control.

Decentralisation means that anyone can run a node in the network and earn DATAcoin in exchange for providing bandwidth to the network. The network is run by its users instead of a big corporation, meaning that YOU own, control, and monetize your data. It also means that the network continues to operate even if a large number of nodes go down due to attack or failure.

In addition to the network itself, we’re creating two applications.

We’ll create a marketplace to make it easier for data buyers and sellers to find each other. It’s kind of like an “app store for data streams”, and it uses a reputation system to showcase the most popular and trustworthy data.

To make it easy for developers to build data-driven decentralized applications, we have a visual programming environment and real-time analytics engine. It’s already up and running, and allows users to seamlessly combine scalable off-chain analytics with on-chain smart contracts.

We make your streams come true.

Thanks for watching! For more information, visit our website. You’re welcome to join our Slack and follow us on Twitter. Read about our collaboration with Golem and other projects in our blog, and of course don’t forget to check out our white paper.