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Streamflow Reaches $150million In TVL Offering Token Vesting On Solana

2y ago




The post Streamflow Reaches $150million In TVL Offering Token Vesting On Solana appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Streamflow is pleased to announce a $3.1 million seed round headed by Jump Crypto and including participation from other investors like Solana Ventures, GBV, MEXc Labs, Paribus Ventures, Hypersphere, IVC, Genblock Capital, AngelDAO, T3E, AmberGroup, Solidity Ventures, Ratio Finance, and Huobi Ventures The funds received will be used to expand the team and develop a strong, real-time token distribution suite for teams and treasuries on Solana.

About Streamflow

Easy-to-use solutions for token vesting, payroll for team members and contributors, multi-signature treasury, and other tasks are lacking in crypto-native firms.

We cannot have effective and well-functioning organizations without these instruments. Streamflow is the solution. They are developing a protocol, SDK, and app to assist enterprises to bridge those gaps and automate the aforementioned procedures while saving time and money.

Streamflow is a token distribution platform on Solana that allows any organization to distribute and stream value. On top of a safe and secure multi-sig wallet, this platform provides token vesting, payroll, and batch payments.  The Streamflow real-time value streaming concept is so flexible and efficient, that the company currently allows users to cancel or move streamed transactions, and the team plans to keep evolving with these principles in mind.

“Programmable blockchains opened a world of possibilities. Streaming payments are one of them. Existing IT and financial infrastructure cannot support and guarantee continuous payments — but low fee, high-throughput blockchain can. This financial primitive is a building block for progressive payroll, fundraising, investing, equity vesting, subscriptions and many more pay-per-usage use cases. We envision a future where one can earn yield on a stream, collateralise it, trade it, break it down into smaller streams or group multiple streams into bigger ones. We envision a future where money never stops, money streams and flows,” said Malisha, founder of Streamflow.

“Latent demand for advanced token vesting and money streaming on Solana has been evident for some time now. As teams become increasingly distributed and projects continue to pay contributors via recurring streams of stablecoins and project tokens, primitives that help pre-program and manage these transactions become increasingly important. The Streamflow team has some of the most talented engineers in the Solana ecosystem building this product at breakneck pace. We couldn’t be more excited to back Streamflow as they build the future of money streaming on Solana,” said Shanav K Mehta, VP Investments, Jump Crypto.

“Streamflow is solving a major pain-point that every developer encounters when building their project. By streamlining payroll, vesting schedules, and more, developers are able to focus on building their projects instead of having to worry about sending funds or structuring custom contracts to complete mundane operational tasks. We are excited to support Streamflow in its quest of increasing operational efficiency for teams building on Solana,” said Jack Platts, Co-Founder of Hypersphere.

Regarding Investors

With Jump Crypto as lead investor, Streamflow is gaining a strong partner with an impressive track-record (Phantom, Neon Labs, Saber, BlockFi, Coinlist, Trading View, and more) in growing and scaling pivotal crypto products.

Streamflow obtains a first-rate, top group of advisors and network in Solana and throughout the crypto sector with Solana Ventures, GBV, MEXc Labs, Paribus Ventures, Hypersphere, IVC, Genblock Capital, AngelDAO, T3E, AmberGroup, Solidity Ventures, Ratio Finance, and Huobi Ventures.
Token Vesting: The most efficient method to vest SPL tokens to investors, teams, and communities is with the Streamflow token vesting app. Token vesting may be a time-consuming and uncomfortable procedure that takes up valuable time from project developers and teams. With its unique and flexible features, the Streamflow token vesting software manages the entire process in a straightforward, safe, and decentralized way, saving you a lot of time.

What comes next?

Streamflow is currently audited and operational on the main net, with over $150 million in value flowing through it.

The following are Streamflow’s future steps:

  • Increased team onboarding to the Streamflow token distribution suite
  • Contracts with liquid vesting
  • Introducing a user-friendly and strong multi-signature wallet
  • Support for batch payments is being added.
  • A complete UX/UI overhaul.

Streamflow now offers two mainnet products: token vesting and payroll streams. They want to offer other solutions in the near future, such as multi-signature vaults and batch payments. Over time, Streamflow will continue to develop and extend its products and services. Stay tuned, follow streamflow on Twitter

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2y ago




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