What Is Streamr DATAcoin (DATA)?
Meet Streamr, a decentralized data network that opens a new dimension to how we perceive and manage information. Learn about the DATA cryptocurrency and how it’s used within the Streamr ecosystem.
Streamr aims to make data available, through a fair and rewarding distribution system, based on blockchain. The network provides a layer-0 protocol that other networks such as Ethereum can use for quick and scalable data transfers.
The Streamr DATAcoin cryptocurrency governs the project. Also, tokens incentivize users to provide computational power — and they act as currency on the DATA Marketplace. In this ecosystem, Streamr Brokers get rewards for streaming incentivized data. Sponsors provide DATA tokens to data providers and help with the incentivization.
The project introduces us to the concept of Data Unions. These are crowdsource/crowdsell platforms where people earn DATAcoin by sharing data. Developers use the DATA ecosystem to request consent to data sharing from their users. Consumers might use Streamr-based apps to protect and monetize their real-time data within the DATA network.
Streamr DATAcoin Price History
The Streamr DATAcoin price saw an incredible rally during the 2017-2018 bull run, shortly after the mainnet was released. On the DATA price chart, we can see that the price retraced significantly after this initial boost, and flatlined for the better part of 2019-2020. By 2021, the project saw a stark revival, with the Streamr DATAcoin to USD price returning to historical heights. After rework of the project’s basics and tokenomics, the Streamr DATAcoin price USD grew in correlation with the rest of the market.
Circulation of Streamr DATAcoin
One of the most important aspects of cryptocurrencies is their supply rate. For instance, Bitcoin is limited to 21 million coins, which are obtained through mining and a PoW mechanism. All DATACoin tokens, on the other hand, were created during a genesis event, which equates to pre-mining the entirety of the supply.
There is a total supply of 1 billion DATA tokens, of which 767 million are in circulation.
Ways of Buying DATA
The project isn’t a new kid on the block — you can buy Streamr DATAcoin on dozens of crypto exchanges, many of which offer a Streamr DATAcoin to USD market pair.
However, to exchange DATA anonymously, you will need to use a privacy-focused platform like Godex. Our exchange allows you to convert DATA to 300 different cryptocurrencies, including Bitcoin or Ethereum. You won’t be able to carry out a DATA exchange to fiat — but you can swap it for stablecoins and other altcoins. Registration isn’t needed. Use the DATA converter on this page and provide your wallet address to finish the transaction.