Thursday, January 20, 2022
Home Crypto News Market STREAM COIN Burn: Here’s Everything You Need to Know

STREAM COIN Burn: Here’s Everything You Need to Know

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STREAM announced updates regarding the burning of STRM coins.

With how well things are going for STREAM, it is no surprise to hear that it has already sold out in pre-sale.

A few days ago, CEO Michael Ein Chaybeh announced video updates regarding STREAM’s progress. Here, he gracefully thanked all the investors and community members for their overwhelming support for STREAM. He said that he was thankful for their belief in the team behind STREAM and for driving the entire project to a stable path.

To note, STREAM is now less than a month away from its first round of public sales on February 1, 2022. Even though it’s still weeks away, CEO Michael Ein Chaybeh proudly said that it has already sold out in presale — much faster than they had anticipated.

He continued on and also announced that STREAM has just completed burning 1.64 billion coins from the allotted amount in the ICO and another 1.64 billion coins from the ecosystem and marketing. Hence, the total supply of STRM was reduced to 5.52 billion coins, as of January 5th.

This will definitely impact the entire supply and demand of STRM, which is why, for those who are interested in getting hold of STREAM (STRM) Coins, it’s better to partake in the public sale.

With the remaining time that STREAM has before its scheduled public sale, CEO Michael Ein Chaybeh mentioned that the team will use this time to focus on the global marketing of the ICO as well as the research and development of STREAM’s platform.

Having said all this, one could infer that the team behind STREAM is working hard to meet the expectations of investors, community members, and prospective users of its platform. As the number of engagements and subscribers for STREAM increases, so does the hype and anticipation that people have for it. Going back to the video, CEO Michael Ein Chaybeh ended it by wishing everyone a happy and prosperous new year. To find out more about STREAM, please visit their website.


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Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.


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