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dracster
@budniinvestorov
May 21, 2022

Streamflow

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Streamflow description

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Streamflow is a token distribution platform that provides teams with the necessary tools to manage their treasury and distribute value with ease.
They offer token vesting and payroll solutions on their platform that are credible, verifiable, decentralized, and real-time.

Roadmap

This roadmap is nearing its end and we can draw conclusions. Streamflow is doing its job properly. Keep it up💪
I recommend that you follow the project in its social networks.

Team

The Streamflow team is a passionate, dedicated team of glass eaters with a strong belief in the larger vision of the streaming primitive and driven to
unlock this value for the world.

Such words are written on the website. In these words I believe and trust, as their previous roadmap they have successfully completed and are on their way to the next goals.

Investing

"Streamflow is excited to announce a $3.1M seed round led by Jump Capital with participation from Solana Ventures, GBV, Hypersphere, IVC, Genblock Capital, AngelDAO, Paribus Ventures, T3E, AmberGroup, Solidity Ventures, Ratio Finance, Huobi Ventures and MEXc Labs. The capital raised in this round will go towards growing the team to build out a powerful, realtime token distribution suite for teams and treasuries on Solana." — 03.04.22 cryptonews.com

March 4, 2022 The project raised $3.1mn for development. Thanks to this money the project can effectively develop and implement its ideas into reality!

Product

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Token Vesting

SPL token vesting as a service

The product is designed for other projects to simplify their lives and the team and the developers did not invent what has already done Streamflow.Streamflow token vesting app handles the whole process in an easy, secure, and decentralized manner which saves a ton of your precious time with its unique and configurable features.

For instructions on how to set up vesting contracts using Streamflow app, see this guide.

Stream payments

Streaming payments in Streamflow is a simple, easy to collect and secure way to manage your payroll.

What you did through the bank and hired an accountant to make payments to employees. Only it is easier, less expensive and most importantly DECENTRALIZED.It saves you time and money by making the whole payroll system bankless and paperless, you only need a decentralized wallet account, funds, and the wallet addresses of employees to set up payroll streams.

Payroll v2.

This feature turns the usual monthly payments to employees, in a convenient and decentralized, as it is required for web3.0 project.

An escrow service when no trust is established between the parties. The flow is initialized and can be stopped by the initiator (employer) at any time. Thereby securing the transaction.

Batch payments

soon

You can create streams in bulk using Streamflow, it's incorporated into the main flow for token vesting and streaming payments.

Multisig vaults

soon

Manage treasuries and vaults requiring M/N signatures. Secure open-source implementation.

Developing

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An indispensable part of any project that wants to make life easier for developers of other projects. At this point I want to point out that for each of the products Streamflow has a detailed guide from A to Z, step by step. If you happen to have a technical question, you can easily ask it on their discord. They answer rather quickly and qualitatively, speaking from personal experience.

FAQ

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Taken from official documents

What is the difference between vesting contracts and payroll streams?

The vesting contracts on Streamflow are used to vest SPL tokens to investors, teams, and communities. You can customize the vesting contracts as per your requirements using its unique features, such as cliff time release, release frequency, email notification, automatic withdrawal, contract duration, etc. A vesting contract is created for a fixed duration

On the other hand, payroll streams are used to stream payments to employees, freelancers, teams, contractors, and service providers. It is an efficient and secure way of making recurring payments. You can stream payments as per the required release rate, and the sender of the payment stream can also top up the ongoing payroll stream with more funds.

Are funds returned to the sender if a vesting contract or a payroll stream is canceled?

In case a live vesting contract or a payroll stream is canceled, locked tokens are returned to the sender and unlocked tokens are automatically withdrawn into the recipient wallet.

What happens to the funds if a vesting contract or a payroll stream is transferred to a new address?

In case a live vesting contract stream or a payroll stream is transferred to a new address, the stream gets transferred to the new recipient including the unlocked amount (that has not been withdrawn by the previous recipient).

Which tokens are supported by Streamflow for vesting and payroll streams? How to stream SOL?

Streamflow supports all SPL tokens for vesting contracts and payroll streams. In other words, all Solana network tokens are supported. In order to stream SOL, it should be converted into the wrapped SOL token. Network native SOL is a coin that can only be used for gas fees and can not be directly used in smart contracts such as vesting contracts or payroll streams without wrapping it into a token.

Does Streamflow charge any fees for its products?

The Streamflow app has a small service fee of 0.25% on top of the amount being streamed. In addition to the Streamflow service fee, Solana network charges certain fees as well. It is recommended to have at least 0.02 SOL in the wallet to avoid failed transactions. You can look into the detailed fee structure here: Fees

Do you have plans to launch a token?

Yes, Streamflow has plans of launching its native token ‘STRM’. Tokenomics and launch schedule are yet to be announced.

What other products does Streamflow plan to launch in the future?

Streamflow token vesting and payroll streams are already live on the mainnet, we are also going to launch more products such as multi-signature vaults and batch payments in near future. Streamflow will continuously innovate and expand its product suite over time.

Fees

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Info taken from official documentation
A small service fee is charged on the Streamflow app.In addition to the Streamflow fees, Solana network charges certain fees as well. An overview of fees is presented here:

(*) This means that the fee is not fully unlocked upon stream creation, but it is gradually unlocked over the course of the stream. It is important to mention that the fee is charged on top of the amount that is streamed, e.g. if 100 BTC is streamed, the sender account will be debited by 100.25 BTC. __
(**) Solana network charges storage rent for the account creation. Rent is calculated per storage byte. __
(***) An escrow token account is created upon stream creation. When the recipient withdraws all of the tokens, the escrow account will be closed and rent will be sent to the Streamflow treasury account.

Streamflow transactions

  • Create stream
    ****There are few fees here: - service fee of 0.25% on top of the amount you are streaming - metadata account creation fee - escrow token account creation fee - 2 * tx signature fee - If the recipient doesn't have a token account for the token that is streamed, the associated token account creation fee will be charged.
  • Top up the stream ****The service fee is charged. The tx signature fee is charged.
  • Withdraw ****On withdraw only tx signature fee is charged.
  • Transfer ****On transfer tx signature fee is charged. If the new recipient doesn't have a token account for the token that is transferred the associated token account creation fee will be charged.
  • Cancel ****On cancel only tx signature fee is charged.

Useful links

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Conclusions

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The project is not a dough collector. His team and the founders know what they are doing and what problem they are solving. They approached their business intelligently and clearly. The work done is of high quality because there are no greedy foundations which are mainly interested in making money. The project is kind to its members and users, very nice. There are great materials for beginners to understand how to work with Streamflow. I have not noticed any direct competitors in this industry. The project is unique. I do not understand why the project has so little social activity. If you have media resources and know how to make quality content for the project, you can easily become an ambassador.

My media resources:

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dracster
May 21, 2022, 09:03
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