Streamr (DATA) total currency circulation and introduction to online exchanges

With a fixed total supply of 995,040,189 DATA tokens, Streamr ensures scarcity and potential value appreciation over time.

Jan 08, 2025 at 07:19 pm

Key Points:

• Understanding Streamr (DATA) and its Total Currency Circulation
• Exploring Online Exchanges for Streamr (DATA) Trading

Streamr (DATA): Total Currency Circulation

Streamr (DATA) is a decentralized data streaming platform that allows users to share and monetize data in real-time. Its native token, DATA, plays a crucial role in the platform's ecosystem.

• Fixed Total Supply: DATA has a fixed total supply of 995,040,189 tokens, ensuring scarcity and potential value appreciation over time.
• Initial Distribution: During the project's launch, 80% of the DATA tokens were distributed through a token sale, while the remaining 20% were allocated to company reserves and development.
• Current Circulation: As of March 2023, the circulating supply of DATA is approximately 775 million tokens, with a significant portion held by early investors and platform users.

Online Exchanges for Streamr (DATA) Trading

DATA can be traded on several reputable online exchanges, offering varying features and fee structures.

Binance:

• Largest cryptocurrency exchange by trading volume
• Extensive liquidity and support for DATA pairs (DATA/USDT, DATA/BUSD)
• Lower trading fees and competitive spreads

Bybit:

• Top-tier exchange known for its derivatives trading
• High-leverage trading options for DATA pairs (DATA/USDT, DATA/USDC)
• User-friendly platform with comprehensive trading tools

KuCoin:

• Leading altcoin exchange with a vast selection of cryptocurrencies
• Supports DATA trading against multiple fiat currencies (DATA/EUR, DATA/GBP)
• Offers spot trading, margin trading, and staking options

Gate.io:

• Established platform with a strong reputation for security
• Supports a wide range of DATA pairs (DATA/USDT, DATA/BTC, DATA/ETH)
• Feature-rich platform with advanced order types and trading tools

Huobi Global:

• One of the oldest and most trusted cryptocurrency exchanges
• High liquidity for DATA pairs (DATA/USDT, DATA/BTC)
• Multi-language support and a global customer base

FAQs

• What is the purpose of DATA?

  • DATA is used as a medium of exchange, payment for data services, and staking for network governance on the Streamr platform.

• Is it a good time to buy DATA?

  • The investment decision depends on factors such as market conditions, project fundamentals, and individual risk tolerance.

• How can I store my DATA tokens?

  • DATA can be stored in hardware wallets (e.g., Ledger, Trezor), software wallets (e.g., MetaMask, Trust Wallet), or on supported exchanges.

• Where can I find more information about Streamr?

  • Visit the Streamr website (https://streamr.network/) for project updates, documentation, and community resources.

• Are there any risks associated with investing in DATA?

  • As with any cryptocurrency investment, there are risks such as market volatility, project failure, and regulatory changes. Consider conducting thorough research before investing.