Streamity: Decentralised Digital Asset Exchange Service
The digital culture is an essential piece to produce added value in our economy, the technological era in which we are now able to enter society by promoting the transfer of data and information, in addition to developing trade, industry, health among others, all this innovation could not be possible without the digital networks that encompass both consumers and markets around the world, opening paths to new opportunities.
Companies have now been entering the world of blockchain through ICO or tokens, turning their assets into cryptomoney, this is possible thanks to exchange platforms and websites where you can buy, sell or exchange cryptomoney or even change tokens into trust money. As more and more companies and new entrepreneurial projects raise funds through token launches, the number of tokens within the market is increasing, which in turn causes investors to acquire a variety of tokens as an investment strategy.
The problem is that the limited options to liquidate these tokens in the market make convertibility of the tokens to another a challenge for investors and traders alike.
One of the main reasons for this is that most of the most popular centralized exchanges require reservations of the tokens that are being quoted, without a user wanting to buy or sell an unusual token, it would be very difficult to do so since this type of token does not have the support of the main centralized exchanges. Finally, most of these trading platforms tend to require users to wait minutes or sometimes hours to confirm their trade or even to withdraw, as a result, the selling price many users or investors see and expect to obtain when they initiate a transaction may change at the time the transaction is completed and sometimes result in a loss of value in the investment.
The Security Question of Centralization
While daily trade volumes between different cryptocurrencies such as bitcoin and Ethereum may be in the tens of millions, daily transactions between all cryptomarket assets, most of which are less than three years old, are also approaching these large trade volumes, as is the case with steem. The problem with this is that, despite the decentralized nature of cryptocurrency, most exchanges take place in centralized exchange bureaus which can be victims of fraud or hacking.
Every day there are news about piracy attempts in the main exchanges of cryptocurrencies, these attacks are usually directed to the centralized exchange houses since they keep all the information of the user and his private keys giving him the opportunity to a hacker to access this information and the user loses all his investment.
The solution to these problems would be a decentralized, reliable and transparent exchange platform where transactions between users are directly between them through a p2p network, Streamity has anticipated this and has launched Streamdesk that will eliminate all these problems when changing tokens.
What is StreamDesk?
StreamDesk is the first and only decentralized platform for exchanging cryptocurrency for any currency in its class, allowing users to carry out their transactions without the intervention of any intermediary and guarantees fairness, security and transparency thanks to its intelligent contract architecture to guarantee secure P2P transactions, even with FIAT.
StreamDesk is a platform that seeks to protect both buyer and seller from fraud as the seller's token will be blocked within an intelligent contract while the fiat is transferred to the seller's account, then the intelligent contract releases the token to the buyer, causing transaction fees to be greatly reduced and security to increase considerably.
By implementing the use of intelligent contracts in combination with verifications and encryption algorithms increases the security of transactions, this will avoid the possibility of hacking into customers' accounts and lose all their deposit, they will have a fully improved P2P system where the user will not have to wait in the queue to buy to be available and be able to make the exchange, the buyer and seller will be the ones who refine and adjust the process of buying and selling.
Advantages of StreamDesk
Minimum rates: the user can choose the transfer method he wants, almost always there will be no fees in trust money, the rates in cryptocurrency could vary from 0 to 2%.
The Use of Intelligent Contracts: Intelligent contracts assure the user that there can be no fraud at the time of making the exchange, if the seller or buyer does not comply with the agreed transaction will be cancelled and no one will lose any tokens in the process.
Ease of Service: the exchange of crypts is easy and reliable and can be done by both experts in the field and by beginners within the world of blockchain.
Service without Borders: StreamDesk can be used anywhere in the world.
Crypto Community Free: No tokens or fiat are stored inside the platform.
For the creation of the StreamDesk platform, Streamity is raising funds with its STM token, this token is Streamity's internal currency and is used in all transactions within its ecosystem.
The main competitors of Streamity are the P2P crypto exchange services, the problem is that the solutions to the problems of the P2P network are far from perfect and reliable, in this context I will indicate some of the problems of the main Exchange Platforms:
Local Bitcoins
This platform is in a nutshell a bulletin board that gathers all the interested parties of a specific country, one of its big problems is that it only supports one currency: the bitcoin, the exchange rates are fixed by the users and there is a great lack of secure transactions.
Changelly
This platform includes more cryptos but the security is not transparent because it is only guaranteed by the credibility of your team.
Qvolta
This is a more recent service and ICO fundraising, the platform is still in trial mode and is still under development, this platform only supports bitcoin and Ethereum.
Streamity is a platform that along with StreamDesk seeks to integrate more and more people into the world of cryptocurrencies and blockchain, more and more people realize that tokens are a much safer and more reliable option than banks when it comes to investing, Streamity through its StreamDesk application wants to give users one last push to be convinced that the adoption of cryptocurrencies is a good investment and will greatly improve their economy, I am already convinced of what Streamity offers and believe in all their future plans.
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Greetings @roronoa07
We have been following closely @oryginalworks and for that reason I've read few articles about Streamity and I must admit that I like the way you explained this project. Easy to read and understand.
Best regards, Cotton Coin Team
Cotton Coin
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