AMA (#AskMeAnything) with CEO Michael Ein Chaybeh of StreamCoin (STRM) Session 1
Last Tuesday, November 30, 2021, StreamCoin (STRM) conducted a Live AMA (Ask Me Anything) Session on its official Telegram Community Channel, hosted by one of its community managers.
Here, every question that the community members had were answered deliberately by the CEO Michael Ein Chaybeh. In other words, this live session was StreamCoin’s perfect way of not only engaging with its community, but explaining everything about its platform, application, and other related information to its members.
To note, AMA sessions are meetings wherein the leaders of an organization or establishment open the floors to the questions of their team members. These sessions cover complex questions that are work-related (or sometimes, personal questions that are not related to work). In essence, this session helps the members connect with their leaders and with each other on a different level.
StreamCoin’s #AskMeAnything Session
The community members were able to learn everything they needed to know about StreamCoin’s platform and application — its features, technical aspects, native cryptocurrency StreamCoin (STRM), and even its public sale.
All in all, the AMA session was rather an interactive and informative discussion. Everyone participated actively, the members were keen on getting more information about StreamCoin, and it ended on a positive note.
Now, to reiterate the entire Live AMA (Ask Me Anything) Session of StreamCoin on its Telegram Community Channel, here is the full transcript of the session.
- Start of the session
Host: Good afternoon everyone!
Welcome to StreamCoin’s First AMA (#AskMeAnything) Session with CEO Michael Ein Chaybeh.
Michael: Hello! Thank you, Happy to answer to the community and early adopters
Question: Does this company have their own technology?
Michael: Well, first and foremost, we know that in this industry not many MAINNETS have their original tech… they use ETH based BTC fork etc.… That’s why at first, we will be launching on the Binance Smart Chain to get the project in motion on the BEP20 meanwhile our team will continue on working on our original tech and we will use that to move on to our own MAINNET, whenever it would make sense to do so. (Pay close attention to our official channels for announcements on that). That will be on our own technology, which we aim to accomplish in the years to come.
Question: Is StreamCoin (STRM) going to be listed in Binance? What about Korean Exchanges?
Michael: With respect to the terms and conditions of the majority of the platforms; Projects are forbidden from officially disclosing listing information until the exchange issues the announcement for the listing.
We will continue to respect these terms and therefore not answer that question. However, I will alternatively say that we have intentions of being listed on more than 80 exchanges.
For such information, we encourage you to follow us on our official social media accounts such as Telegram, Kakaotalk, LinkedIn, etc…
In regards to the Korean Exchanges; As one of our main goals is to be listed in Korean Exchanges, we will start our listings in Korea and international exchanges between Q2 and Q3 2022 simultaneously.
Question: Is it worth the investment?
Michael: I would hate to be biased and I will leave this to you to decide.
The question to you would be; what’s worth investing in?
And I can only suggest and encourage you to read the whitepaper and road map, look at the team behind it. Look for the problems that we are solving and what we bring to the world. Look at the vision, and then take your wise decision. All investments are risky. We advise you to proceed with caution and seek financial advice before any investments in general.
Next question, please.
Question: After StreamCoin (STRM) is listed, is GSR going to be responsible for MM?
Michael: Currently, we are in talks with GSR and nothing is finalized yet as we are still in the early stage. Again, I would encourage you to stay tuned for our official announcements to receive immediate updates on this matter. Something @STRM_ADMIN can help point out. Next question, please.
Question: What is your expected listing price of StreamCoin (STRM)?
Michael: Love that question. Expected (price is) $1.5 to $3.
Host: Here is a user wishing you: I am not familiar with the StreamCoin project but I believe everything will go well with the project. All the best!
Question: I am a crypto investor and I only care about the prospect of crypto that I chose, tell me the reason why I should choose your token over the existing one? What is your token advantage that can convince me to change from my favorite token?
Michael:
We are crypto and blockchain professionals. We only care about working on projects that revolutionize the world that we are in. Although there are only about 14,988 Cryptocurrencies as per Coinmarketcap.com and about 3.9% of the world have invested in cryptocurrencies as per https://triple-a.io/crypto-ownership/. Then that would logically say that we can estimate less than 0.5% of people actually doing something about it.
We believe that we are working on something that 96% of the world is sitting back and hesitating while we move in with full speed ahead and full confidence. We know that Blockchain is the future and it doesn’t stop here. And we ‘cannot’ sit back and wait for someone to make it happen. We know what the Streaming industry is going to look like in 2027 with leaving things the way they are at the moment. But we also know how much we will impact it due to our existence while we work on penetrating the market due to the problems that we are solving. We know the challenges people have. If you are a streamer or a fan of a streamer, we already know what you’re complaining about. That’s what StreamCoin is all about and what it will do… it will be up to the future to show and prove to us and this day to be forever written in history.
Here is a list of complaints that we are aware of, and will be solving:
“Streamers are charged 30% to 50% commission on rewards income from fans”
“Uploaded Videos are owned by the platforms”
“Advertisements may not be suitable or relevant to the viewer”
“Multi-streaming to countries with language barrier reducing viewership”
“Not having control over who can watch the Stream or videos”
I hope that answered all your questions. And may I remark what an amazing question to ask. I encourage more and more questions like that because what we are doing, hasn’t been done before (entirely) so naturally, these questions will come to the surface and we completely understand.
Question: Where do you and the StreamCoin team see the world of blockchain being in years to come, and how will StreamCoin change the landscape of the cryptocurrency space in years to come?
Michael:
First and foremost, I would say the world of Blockchain is at the very bottom point of its highest potential….. Even bringing up the word “Blockchain” sounds very old to me and the crypto veterans know where it will be in the future.
Did you know that with the introduction of ERC721 and ERC1155 we are now in the world of “Easy Blockchain engagement”?
If you haven’t researched ERC1155 I encourage you to do so as we are now able to NFT with spending only 10% of the gas fees you would pay on ERC721. The lower fees, the more we attract the common public. It’s kind of like when android came out way after when the iPhone was a trend in the market and made it easy and affordable for the common public to understand how to use android and also to make it more affordable and not miss out on the worlds evolution. The intro of Android only made iPhone more successful. So what I am saying is. ERC 1155 is new and the common public is coming! And we are ready more than ever!
As for your second question; Only focusing on “Cryptocurrency” will only take us 4 years behind track… .. Today, what makes the cryptocurrency successful is the use of the currency more towards its platform and the users. If it is used, it goes up in price. Look at Bitcoin for example…. It has no use but transferring digits and it has the slowest TPS in the world and the price is still moving up! Why? Because it has a purpose! It has trust…. Not to mention that it was the first cryptocurrency ever on a blockchain that does carry a heavy impact. But nevertheless, If you use our platform, you use STRM. STRM is not ours. It’s yours. You tell me what you want to do with it!
I think that explains it.
Question: What motivated you to start this project?
Michael: Satoshi Nakamoto!
With jokes aside. He started it, didn’t he? To all of us in the crypto world. Right? And then we take it from here; to search and discover — To learn and grow — to Study and develop.
When everyone sits back and thinks about ‘what they can do with their Bitcoins’ and ‘when to sell it’. We stepped outside the circle and asked different questions; What else can we do with Blockchain? What have others done with Blockchain? What can we do differently? How to create a revolutionary platform with an absolute WIN-WIN strategy? How can we solve all the problems of the past and move forward with Blockchain? How to give Streamers and Viewers freedom? How to help them earn?
All those answers have cost us deeply in our investments that we are very proud of. And yet… that was done because we follow our passion.
Next question, please?
Question: Do you have any plans on the burning of STRM?
Michael: All unsold STRM from presale and ICO will be burnt. Next one, please.
Question: Why did you choose Binance Smart Chain instead of other ecosystems like Solana, Terra or Avalanche?
Michael: As we have our own Mainnet to move to, Binance Smart Chain is the most effective right now and also as per users reviews.
Question: Here is something for you: What’s the background of your CEO? What does he know about blockchain/crypto?
Michael: I have been introduced to Cryptocurrencies and Blockchain in 2017 while working in the airlines in a leadership role while climbing a leadership ladder. Crypto and blockchain ever since changed my area of interest however maintaining my passion for Leadership.
At that point, no one knew what Bitcoin or blockchain was and everyone was too negative about it. Took me 2 months to learn and to start influencing internal colleagues where I was then involved in multiple crypto portfolio managements and then got involved in many crypto projects voluntarily as a community supporter. I started mentoring and teaching the basics of crypto and blockchain for the next years to come and became entirely dependent on my crypto earnings.
I kept my passion and kept my ideas rolling and kept drawing on the whiteboards. I moved on to Real Estate where I tried to implement and educate the market in the blockchain until I got involved in STRM. A project that matched my ambitions and my style. A vision and ambition matched the team behind it. Not to mention, the demand for the existence of StreamCoin was fierce before it even started.
Final Question: Who are your potential partners and which markets are you targeting?
Michael: As of now, every platform from the smallest to the biggest are all potential partners. Market Target? Global live streamers of course! They ask, we deliver.
Host: Thank you Mr. Michael for answering everything! Now, we are welcoming everyone to the 10-min free discussion.
Question: Do any of the current famous streamers know about the StreamCoin Project?
Michael: We are currently in touch with many streamers.
Question: What will be the difference in price between public and private sale? And who will be eligible to participate in a private sale?
Michael: Private sales and Public sales have 2 different prices. The community manager will disclose later on.
Question: What is your strategy to attract new users?
Michael: As of this moment the strategy is behind 90% of our work in the past few weeks. Should I share this strategy at this time, it wouldn’t be wise to give away something that we are working hard on and give a chance for someone to copy
Question: Do you have any plans to have staking, yield farming, DeFi, etc.?
Michael: Stick around for more details!
Question: Can you reveal any marketing events in the upcoming dates? As a sneak peek?
Michael: As of now, unfortunately, we can not. It’s just too early. but stick around. Thank you all for your time!
Question: When you will release LiveView?
Michael: Hold on. I will take this as the last question. Currently working on it and near completion, I mean I understand that this is the heart of the project but we must save the best for last! Rest assured Developer and the team are working very hard on this on a daily basis. Expecting to release (the platform) during ICO.
Host: Seems like we are running out of time and we know everyone still has a lot of questions in mind. Perhaps you can send it to our official social media channels later on, as well as your feedback so we can take a look at it too.
Again, thank you for all your questions guys!
Michael: Thank you, everyone! I will pop in every now and then and get to engage with the community when time permits.
Host: That would be great!
Once again, I wish to thank the participants for sending the questions and the viewers who joined in the conversation and made everything livelier.
Of course, a big thanks to our CEO Mr. Michael Ein Chaybeh as well, who actively answered everyone’s questions and kept the discussions interactive.
So all we can do is wait. Thank you Michael for your very detailed answers, I will follow StreamCoin more closely from now on! all the best.
We hope everyone enjoyed this AMA session! Don’t worry, guys, we will do our best to conduct more AMAs in the future! So be ready!
If you have any suggestions or any feedback from this session, please feel free to let us know! We are more than happy to take our supporters’ thoughts into consideration.
- End of the session
In the end, StreamCoin’s CEO was able to answer all the questions of its community members and discuss relevant topics that helped deeper comprehension and understanding of StreamCoin’s vision, goals, and objectives.
Right now, it is clear that StreamCoin’s platform will be blockchain-based built on Binance Smart Chain, with features like simulcasting, auto-translation (English, Korean, Chinese), manual filtering of an audience, StreamCoin (STRM) rewards for both streamers and viewers, and what’s more, minting of video in the growing NFT marketplace!
Indeed, StreamCoin holds a promising future ahead of it and it’s only getting better for the project. With its impending Public Sale on February 1, 2022, everyone already has their eyes on it!
To know more, please visit https://www.stream-coin.com.
