Water & Music | $STREAM Season 3

The core concept behind $STREAM as laid out in our original Hello World post remains true: $STREAM is a “research token” that represents high-quality, tangible contributions to our larger project of collaborative research, knowledge-sharing and community-building in music and tech.

As a reminder, the $STREAM token has no inherent financial value. Rather, the token functions primarily as a key to on-chain governance for our most active contributors and supporters, especially with respect to how we use our community treasury resources to fund future research and editorial projects.

Like any other token, you can view $STREAM's entire distribution and ownership history on-chain. Unlike many other tokens, however, no part of the incentive design or reward mechanics for $STREAM is currently automated; instead, core Water & Music team members (and, down the line, our core supporters and contributors) determine who earns $STREAM ba... See more

Water and Music are doing a great job marrying web3 to the music industry and creating a large community of musicians, executives, tech heads ad fans in order to create the next music movement. It is not easy to solve the multiple issues that a behemoth, never-ending, moving industry faces.

At Water & Music, we wanted to be much more thoughtful about our airdrop approach, and are intentionally diverging from the dominant "airdrop culture" by treating this launch first and foremost as a tool for strengthening our existing community and signaling the core values of our mission, instead of purely pursuing top-of-funnel marketing growth.