What is DATACoin and Streamr?
the decentralized real-time data economy, today announced that its token called DATAcoin (DATA) has been listed on Bitfinex, one of the world’s largest cryptocurrency exchanges. The listing on Bitfinex came into effect at 12 noon UTC, allowing DATAcoin holders trade against BTC, ETH and USD. The announcement follows Streamr’s successful crowd contribution period that rapidly reached its 30 million CHF hard cap.
Connecting both producers and consumers, Streamr aims to create a market for real-time data. The Data Market categorizes and showcases publicly available data streams. The Streamr token, DATAcoin, is needed to access and operate the market, and to compensate nodes in the P2P network. Subscribers pay for the data with the token while producers and participants are reimbursed automatically and securely.
Bitfinex will enable margin trading for DATA pairs as the order book develops appropriate liquidity, letting users trade with leverage via funding from the peer-to-peer margin funding platform. Bitfinex has the most liquid order book globally and is one of the most popular marketplaces for digital asset trading, with a current 24-hour volume of over $1 billion USD.
The Streamr crowd contribution period was managed by Bitcoin Suisse, the world’s leading crypto-asset broker and asset manager. Operating on a registration model, interested parties underwent a thorough Know Your Customer (KYC) process prior to whitelisting and participation.
In line with the company’s vision for a platform that is fair and open to all, Streamr’s crowd contribution period began on October 12, 2017.
- Henri Pihkala, FOUNDER, CEO: CEO / CTO at two algorithmic trading companies, one of which he co-founded. Built infrastructure & tools for real-time data for 10 years.
- Risto Karjalainen , COO: Ph.D. from the Wharton School at U. Penn — behavioural finance, machine learning & evolutionary computation. Quant and portfolio manager with JP Morgan & Merrill Lynch before getting hooked on real-time data and decentralized computing.
We can see the rest of the team in their web web https://www.streamr.com/#team
As we can see in this weekly graph DATACoin, based on Bollinger band indicator, the coin is stabilized today 08/11 at $0.08 cents. On the other hand, we can observe base on Awesome oscillator that is a moment to buy, because of the twins peaks below the line 0 (twins peaks bullish). So, is telling us that a possible bull trend is coming. After those twins peaks, we can see that a zero line cross in green is coming so is ratifying my possible suspicions.
This style sometimes, as in this example, works very well. But if the value is very lateral, it can give false signals.
In my opinion they are quite legal and transparent, they are selling a great product that today is TOP as is big data and they have also integrated it with another great TOP product such as the blockchain …
I think it is a great moment to invest in this company with its crypto currency DATA to obtain great profits in the medium / long term …