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Henri Pihkala, CEO and Co-Founder of Streamr

Streamr, the blockchain-backed data platform, today announced that its token (DATA) has been listed on Binance, the largest cryptocurrency exchange in the world by trading volume. The announcement comes following the launch of Streamr’s real-time data marketplace in May. DATA is available for trading immediately.

Commenting on the announcement, Henri Pihkala, CEO and Co-Founder of Streamr 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.”

Launched in July 2017, Binance provides users with a secure and liquid marketplace for cryptocurrency trading in major cryptocurrencies. With a certified matching engine capable of processing 1.4 million orders per second, Binance is one of the fastest cryptocurrency exchanges available.

Streamr’s Marketplace is a web-based application where data providers can list real-time data streams, and data consumers can subscribe and pay for access to those data streams. Terms of use, pricing schedule, and time-based access control, are coded in Ethereum smart contracts. By using Streamr’s cryptographic token, DATA, it is possible to make data streams around the globe freely tradeable.

“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 organisations 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,” concluded Pihkala.

by Bill Boyle
IBS Intelligence Senior Editor
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