Streamr DATAcoin
DATA
Watchlist
₹5.19
LIVE
Watchlist
24H Low ₹4.88
24H High ₹5.26
Price of DATA today
The current live price of DATA today is ₹5.19, with a 24-hour trading volume of ₹54,52,81,784.96. Our DATA to INR price is updated in real-time. DATA has seen a increment of 0.29% in the last 24 hours. With a live market cap of ₹5,60,19,53,859.92 , the circulating supply is at 1,080,603,853 DATA coins, with a maximum supply of 1,142,523,352DATA coins.
Streamr DATAcoin Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | ₹0.01 | 0.27% |
7 Days | ₹1.03 | 24.79% |
30 Days | ₹2.07 | 66.22% |
1 Year | ₹2.34 | 82.42% |
Streamr DATAcoin Price Information
Price Change (1hr)
0.25%
Price Change (24hr)
0.27%
Price Change (7d)
24.79%
Streamr DATAcoin Market Stats
Market Cap
₹5,60,19,53,859.92
Fully Diluted Market Cap
₹5,92,29,50,472.56
24hr Volume
₹54,52,81,784.96
58.12%
Circulating Supply
1080603853 DATA
Total Supply
1142523352 DATA
Things to know about Streamr DATAcoin
What is Streamr DATAcoin (DATA)?
Streamr DATAcoin (DATA) is an ERC-20 token that powers the Streamr ecosystem, a decentralized platform for real-time data. Streamr provides a complete system for the free and fair exchange of data, which is envisioned to be the backbone of the decentralized web (Web3). The platform includes a real-time data pipeline that can carry data from IoT devices and other sources to applications, a marketplace for data monetization, and a decentralized network for data delivery. Streamr aims to allow people and machines to trade data securely and fairly, with the goal of breaking the data monopolies held by large corporations.
Tokenomics
DATA is an ERC-20 token used within the Streamr ecosystem.
It is used for payments on the Streamr Marketplace and incentivizing node operation.
The total supply of DATA tokens is 1,070,323,352.
The token is used to govern voting within the Streamr project.
Market Data
As of today #{today’s date}, the price of Streamr DATAcoin is ₹5.19 INR or 0.05895 USD, with a 24-hour trading volume of 6196383.92 USD. The market capitalization for Streamr DATAcoin is 63658566.59USD. The circulating supply is 1080603853 Streamr DATAcoin, with the total supply also being 1142523352 Streamr DATAcoin.
Token Pros and Cons
Pros:
Decentralization
: Streamr’s decentralized nature reduces reliance on central authorities and single points of failure.
Real-time Data Transfer
: The platform is designed for low-latency, high-throughput data transfer, essential for many modern applications.
Data Monetization
: Streamr provides a marketplace for individuals and machines to monetize their data.
Interoperability
: Works alongside blockchains like Ethereum, Gnosis, and Polygon for identity, security, and payments.
Community Governance
: Key decisions are made via governance voting using DATA tokens, promoting a democratic ecosystem.
Cons:
Market Competition
: Streamr faces competition from other data management and IoT platforms.
Adoption Rate
: The success of the platform is highly dependent on the adoption rate among users and developers.
Regulatory Risks
: As with all cryptocurrencies, there is a risk of future regulation that could affect the platform’s operation.
Technical Complexity
: The technical nature of the platform may present a barrier to entry for non-technical users.
Volatility
: The price of DATA tokens, like all cryptocurrencies, is subject to high market volatility.
Why Should You Invest in the Coin?
Innovative Data Economy
: Streamr is at the forefront of creating a new data economy that could revolutionize how data is shared and monetized.
Growing IoT Market
: With the expansion of IoT devices, the potential for real-time data exchange and monetization is significant.
Strong Use Cases
: The platform has a variety of use cases, including IoT, smart cities, and decentralized applications.
Active Development
: The project shows continuous development and updates, indicating an active and committed team.
Data Sovereignty
: Streamr empowers users to maintain control over their data, which is becoming increasingly important.
USP of the Coin
Decentralized Real-Time Data Network
: Unlike traditional cloud services, Streamr provides a peer-to-peer network for real-time data without vendor lock-in.
Data Union Concept
: Streamr introduces the concept of Data Unions, allowing users to bundle and sell their data collectively.
Tokenized Data Streams
: The platform enables data streams to be tokenized, allowing for peer-to-peer data trading.
Problem the Coin is Solving
Streamr addresses the problem of centralized data control by big tech companies, providing a decentralized alternative for data sharing and monetization. It aims to create a more equitable data economy where users have control over their data and can monetize it on their terms.
Founder and Team Background
The Streamr project was started in 2017 by Henri Pihkala, Nikke Nylund, Risto Karjalainen, and Michael Malka. The team comprises around 30 key contributors from companies and individuals worldwide.
ICO Price
The Initial Coin Offering (ICO) price for Streamr DATAcoin (DATA) was $0.0615. The ICO took place between October 12th and October 13th, 2017, during which the project raised $27 million. This ICO price established the initial valuation for the DATA tokens when they were first made available to the public for investment.
Risks Associated in Investing in the Coin
Market Volatility
: The cryptocurrency market is known for its volatility, which can lead to significant price fluctuations.
Technological Risks
: Any bugs or vulnerabilities in the platform could affect the token’s value and utility.
Competitive Market
: The data marketplace and IoT platform space are highly competitive, with several established players.
Adoption Challenges
: The platform’s success is contingent on widespread adoption by data producers and consumers.
Regulatory Uncertainty
: Changes in cryptocurrency regulations could impact the platform’s operation and token value.
Whitepaper Insights
The Streamr whitepaper outlines a vision for a decentralized platform for real-time data exchange. It describes the technical architecture, including the Streamr Network, which is a scalable, peer-to-peer messaging system for data transport. The network is designed to be fault-tolerant and secure, with no single point of failure.
The whitepaper details the Streamr Data Marketplace, where data can be traded, and the concept of Data Unions for collective data monetization. It also explains the role of the DATA token within the ecosystem, including its use for payments, node incentivization, and governance.
The document discusses the challenges of current centralized data services, such as vendor lock-in and security vulnerabilities, and how Streamr’s decentralized approach addresses these issues. It emphasizes the importance of data sovereignty and the empowerment of individuals to own and monetize their data.
The whitepaper includes a roadmap for the development of the Streamr platform, highlighting past milestones and future goals. It also covers the technical aspects of the network’s operation, such as data transport, node roles, and the integration with blockchain technology for identity and payments.
Overall, the whitepaper presents a comprehensive plan for building a decentralized data economy that leverages blockchain technology to provide a secure, scalable, and user-centric platform for real-time data exchange.
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Price as per 02:31 AM • 07 Dec 2024
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What is the price of Streamr DATAcoin (DATA)?
The current price of Streamr DATAcoin (DATA) in INR is ₹5.19 INR.
What is the current DATA market cap?
The current market capitalization of Streamr DATAcoin (DATA) is ₹5,60,19,53,859.92 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of DATA by the number of coins in circulation.
What is the current supply of Streamr DATAcoin (DATA)?
The current supply of Streamr DATAcoin (DATA) is 1080603853 DATA. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of Streamr DATAcoin (DATA)?
The 24-hour trading volume of Streamr DATAcoin (DATA) in INR is ₹54,52,81,784.96. This figure represents the total value of all DATA transactions across various exchanges within the last 24 hours.
How to Buy Streamr DATAcoin (DATA) in India?
To buy Streamr DATAcoin (DATA) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in DATA.
Can I buy Streamr DATAcoin (DATA) with UPI?
Yes, you can buy Streamr DATAcoin (DATA) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert Streamr DATAcoin (DATA) to Indian Rupee (INR)?
To convert Streamr DATAcoin (DATA) to Indian Rupee (INR), you can use our DATA/INR conversion rates in real time.