Solstaketv Launches Censorship-Free Streaming on Solana
A new streaming and iGaming platform called Solstaketv has launched on the Solana blockchain, promising a censorship-free environment. Founder Stephen Ronald Bell pitched the project as a Web3 alternative to centralized services. The platform plans to integrate DeFi features and use memetokens for tipping, signaling a diversification of Solana's application layer beyond finance.
- The platform is built on Solana and utilizes Livepeer for its underlying video streaming infrastructure. It has also announced a partnership with the American podcast "NoJumper" as an official streaming partner. - Founder Stephen Ronald Bell, a former soldier and convicted criminal who later became a crypto investor, frames the project as a solution to the "deplatforming, demonetisation, and debanking" faced by creators on traditional platforms. - The platform's native token is STV, which will be used for direct fan payments and tipping. The tokenomics are designed to be deflationary, featuring a fixed supply and a continuous burn mechanism from transactions. - For creators, the platform offers an 80% revenue share with instant, non-custodial payouts made directly to their wallets, eliminating minimum withdrawal thresholds. - Solstaketv's iGaming component is slated to launch shortly after the streaming platform, beginning with on-chain raffles and expanding to include fully licensed casino features. - An upcoming Dutch auction fundraiser for the project is scheduled to open in the month following its launch announcement. - The choice of Solana is strategic for iGaming and streaming applications due to its high transaction throughput and low fees, which average around $0.02 per transaction, making micro-transactions for tipping and gameplay feasible. - The project was officially showcased by its founder at the Gamma Prime event, in a keynote that occurred just before Cardano founder Charles Hoskinson took the stage.
