The Crypocurrency Enthusiast locked out of Crypto.
It was December 2017 when I decided finally to take the bold and smart step to first of all join the decentralization drive and then buy me some bitcoins. It was well worth over $15,000 then.
Understandly it was a whole lot of Fiat involved, so came the question of who to trust with my hard earned money, which exchange to use that would not charge ridiculous amount of charges.
Which exchange was secure? Which was best? None of those exchanges really was best. They were all flawed, all insecure, all charged insane commissions. It was an unpleasant dilemma.
The Cryptocurrency market is growing at a blistering rate with
CoinmarketCap reporting an average daily trading volume of more than $4billion(USD). However, just like me, Customers have utterly no fast, secure, or economic way of exchanging Fiat into CryptoCurrency. A great disadvantage to the development of crypto!
Building Trust through a Peer to Peer Exchange: The Multi Faceted Streamity
Streamity is building a platform whose purpose is to ensure Crypto users can benefit from developments in the Cryptocurrency market, like I wanted to do way back in December.
Streamity would do this while also mitigating the risks arising from purchasing cryptocurrencies such as lack of trust and security experienced by most crypto enthusiasts, I inclusive, as well as mitigating risks that most times arise in the transfer and exchange of cryptocurrencies.
Well, the last time I paid fees of $10 for a $15 worth of bitcoin transaction left me with a perpetual frown for two weeks.
Achieving a Trustless exchange however would be wrought through Streamity's core component. The
StreamDesk.
StreamDesk is the first ever decentralized platform for promptly and easily exchanging crуptоcurrеncy for any currency, which allows users to trade without annoying and meddlesome middlemen therefore guanranteeing fair deals and security thanks to the architecture of smart-contracts and API of payment systems.
What this entails is, if there was an amazing StreamDesk back in December what I would have done to safely and without hassles of mind and body get my Cryptocurrency would have been just to enter into a smart contract with whosoever I was buying from. Ordinarily and quite true to our nature, I would have wanted to get the Bitcoins first while the other party would have wanted the cash first. I call this the exchange deadlock.
StreamDesk's role is to break this deadlock.
With Streamity's StreamDesk however, once both parties send their assets to StreamDesk, it would trigger a Smart contract and subsequently release the assets to both parties. Crypto made easy!!!
LocalBitcoins? Changelly? Qvolta? Here's the Shocker, You are being Sold Short. Streamity is the Real Deal
Yes! All those exchanges sell you short. You deserve more than that and
Streamity offers you just that.
Let's see what Streamity offers! Loosen your seatbelt! This is a smooth ride! Thanks to
Streamity
Smart Contracts, Guaranteeing Security and Trust
The largest cryptocurrency hack occurred in February 2014, when hackers stole approximately $450 million from Mt. Gox, a bitcoin exchange based in Tokyo that handled 70% of all bitcoin transactions at the time of hack. Streamity on the other hand ensures security through smart contracts while still ensuring that customers perform Trustless transactions. So relax, there's no Mt. Gox here, just Streamity and it's safe.
Minimum, Little or No Fees!
Well, I think this is what we all hate. Having to pay ridiculous fees for little transactions on the Blockchain. Sometimes these go over more than 50% of the transaction. Ridiculous! Imagine having to pay so much just to send over some tokens. Well, with StreamDesk it is a whole different ball game as fees are minimal. Fees may only get as low as 2% at the maximum. Awesome.
Lastly, there is freedom of cryptommunity with
Streamity hence fiat and Cryptocurrency are not locked within the platform.
This all is in sharp contrast with the existent status quo characterised by complicated processes of buying and selling crypto, high fees and a small number of Cryptocurrencies represented in peer to peer platforms.
The fact that Streamity is already pursuing partnerships with Civic, NEM and EOS adds to it's credibility and further brings hope for the crypto enthusiast.
Sustaining the Ecosystem: The Streamity token (STM)
The Streamity token is the key element of the Streamity Ecosystem. STM
constitutes the internal currency of the STREAMITY project. This means that payment for all project services will be made in STMs.
Thus, it enables advantages unrivaled some of which include;
- Due to STREAMDESK's convenience, low commissions, and efficient
market rates, STREAMDESK would allow for economical conversion between fiat currency and STM
- STM would be on all major crypto exchanges thus allowing users to trade instantly.
- The development of STREAMITY services, and the influx of new users,
will create a strong and steady demand for STM
Drawing from the above therefore,
Streamity would very much fast track the mass adoption of cryptocurrencies through the safe use of Fiat because hitherto, just like i was, individuals are hesitant about going into transactions with exchanges who do not guarantee safety, security and fairness and to top it all, charge ridiculous commissions. A situation which is the antithesis of what
Streamity stands for.
The Roadmap
Streamity has outlined a roadmap for it's awesome project.
The Brains. The Team.
Streamity is led by a pretty much experienced project team that is sure to take it to success. The team is led by Vladislav Kuznetsov who is both CEO and Founder.
For more information, check out these sources;
This article was written for
this OriginalWorks contest.
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