StreamCoin revealed that it had secured a corporate ICO investment from blockchain consultancy TNC IT Group. Specifically, TNC IT Group purchased over 200 million STRM in the recently concluded STRM public sale.
The announcement came after StreamCoin revealed that it had raised over $11.7 million during its three-month public sale, helping the team surpass the STRM soft capitalization target of 11,250. $000.
StreamCoin’s friendly relationship with TNC began when the latter hosted the World Live Streamers Conference (WLSC) and the World Metaverse Conference (WMC) simultaneously. The back-to-back conferences, held March 25-26, 2022, saw over 30,000 attendees – both at Festival Arena Dubai, in the UAE and virtually.
During these events, StreamCoin actively supported the organizer as one of the platinum sponsors. StreamCoin CEO Michel Ein Chaybeh also had the honor of delivering the welcome speech, in addition to other stage appearances. Additionally, StreamCoin’s multi-streaming platform MeiTalk sponsored the MeiTalk Top 100 Influencer Awards.
Michael commented on TNC’s investment:
“StreamCoin is known as a main driver in the live streaming industry. This recent investment made by TNC just shows the potential they see in StreamCoin, and for that I am truly grateful. It also speaks to the friendship and understanding we have developed over the months.
For his part, TNC Executive Director Jason H. Jang remarked:
“Since our correspondence earlier this year, we at TNC IT Group have seen tremendous potential in StreamCoin to revolutionize social media, especially live streaming. Our mission is to find promising companies to support, and StreamCoin is certainly one that has all the qualities we look for in a partner company. We look forward to more fruitful collaborations in the future.
Meanwhile, StreamCoin announced the multiple listing of STRM on over 100 cryptocurrency exchanges. Alongside this, the company has launched STRM Staking, an online portal where STRM holders will be able to earn interest in GaStream (GSTRM) when they stake their STRM. Additionally, the company will also provide an exchange service through Stream Bridge.
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