Streamr announced that its token ‘DATA’ has been listed on Binance. Binance is the largest multilingual cryptocurrency exchange in terms of volume of data which provides a liquid and secure marketplace for all cryptocurrencies. Data is available for trading and now trading is available for the pairs DATA/ETH and DATA/BTC.

Streamr is a blockchain based platform that features a decentralized peer-to-peer network and blockchain technology backed marketplace to return data ownership to users. It aims to create low latency, scalable and open source platform for real-time data. Streamr provides bandwidth and validation on the blockchain in exchange for rewarding nodes with DATA token. It also provides support for Smart contracts which it utilizes for network self-governance, permissioning, and DATA token transfers.

Ethereum is the first network supported by Streamr system where nodes on the blockchain will regularly interact with Ethereum blockchain and can read Ethereum smart contracts. Pricing schedule, terms of use and time-based access control gets coded in Ethereum smart contracts. By using DATA, Streamr’s token, it is possible to make data streams freely tradeable. In Streamr, data providers list real-time data streams and data users can access the data streams after subscribing and paying for the access.

CEO and Co-Founder of Streamr, Henri Pihkala, said, “This listing is yet another vote of confidence for the Streamr project and our long-term vision. Having just launched our Marketplace in May, the listing of DATA on one of the world’s leading exchanges is another big 2018 milestone for our project.

Given that our community is our most valuable asset, we want to grant them increased accessibility to our DATA token and create the most seamless Marketplace experience possible. Our aim is to give organizations and consumers back control of their own data, and having a reputable name like Binance behind us gives us the added layer of credibility to be the enablers of genuine empowerment.” Streamr is based in Zug, Switzerland. Streamr’s crowdfunding campaign of October raised $30 million USD in just 24 hours.

Streamr also posted the update on Twitter.

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