Token streaming is a process of shifting tokens over a certain time continuously, instead of shifting them all at once. In simple words, it is much like setting up a regular payment plan where a specific number of tokens are moved at regular intervals like hourly, daily, weekly, or monthly. So, when it comes to token streaming on BSC (Binance Smart Chain). It can happen in several ways based on the need of the hour.

Right Technique for Token Streaming on BSC Is Case-Specific

Additionally, as already mentioned above there are countless ways to carry out token streaming on BSC. Ranging from the use of smart contracts and DApps to 3rd-party services and manual transfers. But the right way to do this job is completely case-specific.

Several Ways to Execute Token Streaming On BSC

1. Smart Contracts

These are self-executing contracts that facilitate token exchange between parties based on preset conditions. Furthermore, this technique can be used to develop a streaming contract that naturally transfers tokens from one account to another at specific time intervals. Besides, you can program these contracts to halt token streaming post a certain period or when certain conditions are met.

2. Partner Services

Also, there are a lot of partner services like Streamflow Finance that one can use for token streaming on Binance Smart Chain. But these services charge a nominal transaction fee and can sometimes have limits on the type of token that you can stream on their platform.

3. Wallets

Additionally, there are some wallets like Streamflow Finance, that support token streaming functionality. But to use these wallets the user needs to come up with a streaming agreement with their business partner. To have tokens automatically moved at a specific time interval.

Differentiate Between Token Streaming on Eth (Ethereum) & BSC

Token streaming on Eth (Ethereum) and Binance Smart Chain (BSC) both are similar concepts by nature. But yes, they do differ in some ways. Some of which we will share with you below in detail.

1. Ecosystem & Network

Ethereum is the 2nd largest blockchain network. BSC is a new network that just came into being all thanks to Binance, one of the biggest cryptocurrency exchanges. What’s more the former enjoys a wide user base along with a vaster ecosystem, with several decentralised applications (DApps) built on top of it. But BSC is catching up to it due to its faster transaction times and lower transaction fees.

2. Token Criteria

Ethereum comprises various token standards, including (Ethereum Request for Comment 20) ERC-20, ERC-1155 and ERC-721. All of which enable developers to come up with a variety of tokens. BSC too has identical standards, containing (Binance Smart Chain Ethereum-Compatible Protocol 20) BEP-20, BEP-1155 and BEP-721, all of which are compatible with Ethereum's token standards. In other words, you can move Ethereum tokens to BSC and vice versa.

3. Gas Fees

Gas fees mean network transaction fees. These are the charges that a user needs to pay to compensate for the computing energy used to both process and authenticate transactions on the blockchain. BSC charges comparatively lower gas fees than Eth (Ethereum) due to its lower congestion levels. Hence, making it more attractive to users who wish to save on transaction charges, especially when it comes to transactions with small amounts.

Relevance Of Token Distribution on BSC

Token distribution on BSC is crucial for a lot of reasons. Some of which we will explain below you in detail.

1. Ensures Fair Play

Token distribution guarantees that tokens are distributed fairly and equitably amongst the meant recipients. Additionally, this exercise helps in the prevention of token concentration in the hands of some individuals or groups. Hence promoting the idea of democracy in token distribution.

2. A Great Help in Developing Groups

Over and above that, one can apply this concept of token distribution to stimulate engagement and participation within a community. By distributing tokens to members who work for the network namely, users, developers, validators, or communities.

In all, token distribution on BSC plays a crucial role in encouraging adoption, ensuring fairness, creating communities, raising capital, and generating liquidity. But at the same time, both the developers and the projects shall carefully examine their token distribution strategy. To ensure that it is delivering the expected results along with offering value to its stakeholders at the same time. Furthermore, to get a deeper insight you can reach out to experts from Streamflow Finance through our homepage.

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