Proposal to Whitelist Streamr Network (DATA) with 50,000 BNT trading liquidity limit
For this proposal to pass, it requires a 35% quorum and 66.7% supermajority.
This proposal is expected to appear on Snapshot for voting on 2022-01-30T00:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
TL;DR
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Proposal to whitelist DATA.
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Trading Liquidity Limit of 50,000 BNT.
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There are no security concerns that could prohibit whitelist status.
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There is no reason to doubt the legitimacy of the Streamr Network project. The team is public and can be found here
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The benefit to Bancor is clear. Providing DATA liquidity will attract token LPs from the Streamr community to swap on Bancor, and increase protocol trade volume.
Token Address: 0x8f693ca8d21b157107184d29d398a8d082b38b76
Project Website: Streamr Network
Liquidity
The Deepest DATA pools are:
The DATA/ETH 0.3% Uniswap v3 pool with $111.70k liquidity, $12.06k daily volume, and an extrapolated APR from the 24hr fees of 8.58% [1].
The DATA/WETH SushiSwap pool with $127,832.55 liquidity, $991.31 daily volume, and an extrapolated APR from the 24hr fees of 0.85% [2].
A trading liquidity limit of 50,000BNT opens up space for at least $237k of liquidity in the pool, with BNT at $2.37.
Token Security
DATA does not have an elastic supply, or rebase mechanism. The DATA token has a current total supply of 989,154,514 DATA and a constitutional hard cap of 2 billion DATA. Contracts are standard ERC-20 OpenZeppelin contracts. The minting of tokens is controlled by governance decisions made by the Streamr DAO and executed via the team multisig based on those decisions.
The top 15 contract and addresses with the highest concentration of DATA are Binance, Streamr Migrator contract, team wallets, Bitfinex, vesting wallets, KuCoin, Gate.io, and wallets with 1.520% and 0.5179% of total supply.
Figure 1 - Top 15 contract and address with the highest concentration of DATA [3]
Project
The Streamr Network is a decentralized, topic-based publish-subscribe system. Each stream or pub-sub topic has its own peer-to-peer overlay network that is built and maintained by a set of BitTorrent-like trackers. Development is still in progress, with Brubeck as the current milestone.
Use cases include:
- Data Monetisation
Buy and sell access to ethically sourced data streams with Data Products and Data Unions
- DevOps
Gather metrics from decentralized systems such as blockchain networks
- Gaming
Capable of being the real-time networking layer of massive multiplayer games
- IoT messaging
Publish and broadcast messages from any kind of internet-connected device
- Networking middleware
Transfer metadata for VoIP or WebRTC signalling
- Blockchain networking
DDoS resistant block transfer or broadcast signed transactions with low and predictable latency
More information on the network can be found here.
Tokenomics
The DATA token is an ERC-20 token used for project governance, to incentivize the Network, to delegate stake on broker nodes, and for Marketplace payments.
More information on the DATA token can be found here.
Community and Communication
Streamr Network is active on Telegram and Discord. The Streamr Network team also operates official Twitter, and Reddit accounts.
Available Audits
The Streamr DATA token has been audited recently by LimeChain and Isentropy. The audit reports can be found here.
Market and Trading Data
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DATA’s price at the time of writing is $0.075526.
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All-time high: $0.375 (7th Jan 2018).
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All-time low: $0.0.005 (13th March 2020).
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Price 90 days ago: $0.122232.
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767,121,867.27 DATA in circulation, with a current supply of 989,154,514 DATA.
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The current market capitalization is $57,891,396.
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The DATA token is available on, among others, Binance, KuCoin, Gate.io, Bitfinex, Uniswap v3, WazirX, SushiSwap, WhiteBIT, Bancor (non-whitelisted pool).
[1] Uniswap Info