$STREAM pre-mining to begin soon!
Dear MeMusic supporters!
If you have been holding a Station Node, you should be aware that the nodes are capable of dual-mining. Not only can a node mine $MMT (main utility token) but also $STREAM (reward token) of the MeMusic’s ecosystem.
As an early adopter of the MeMusic ecosystem, prior to the listing of $STREAM token, you can start pre-mining the $STREAM token starting in March. Expected listing date of the $STREAM token is at the end of the month. More details on the listing will be announced soon.
On which chain will the $STREAM token be on?
The $STREAM token will initially be minted on the Arbitrum blockchain.
Is premining different to the planned airdrop for $MMT and Node Holders?
Yes, there is a different, exciting airdrop planned for the $MMT and Station Node holders. Only Station Node holders can pre-mine the $STREAM tokens at an accelerated rate prior to the listing.
What benefits do the Node Holders get from $STREAM?
As a Station Node holder, you are able to pre-mine the $STREAM token prior to listing. After listing, as disclosed on our announcement about $STREAM — Universal Basic Income for the Artists — node holders will get tax benefits when the token trades. As the $STREAM token is designed to accelerate the adoption of Stations, we believe that the Station Nodes will have larger benefits as the application grows.
On-Chain Tax
For each trade transacted on a DEX, there will be on on-chain tax that applies to the trade which is distributed to $MMT, $STREAM, and Station Node Holders. As Station Node holders are currently mining $MMT, about to pre-mine $STREAM and also hold Station Nodes, the tax benefits will multiply in design.
Can I claim all of the pre-mined tokens on listing?
Yes, all of the pre-mined tokens will be available for claim on the listing date.
Where can I purchase a Station Node?
You can purchase a Station Node here.
