INTRODUCTION

It is a matter of time before all centralized economy of the world will accept the use of cryptocurrencies in their countries. 30 percent of world’s countries are already embracing this digital technology and the crypto world is growing everyday as new cryptocurrencies are introduced into the market. As these cryptocurrencies are evolving, also users are finding ways they can exchange these cryptocurrencies to other cryptocurrencies and their own local currencies (fiat currencies) since all cryptocurrencies cannot be accepted in all local markets (It is not possible). There is therefore, a great need for a platform that is safe, secured, trustworthy, fast and reliable for these exchanges.
There are a lot of exchange platform on the blockchain. But these platforms have limitations that in one way or the other discouraged users from using them in exchange of their currencies.

The limitations/bottleneck of the exchange industry

Trust

About some time back, I was wanting to buy a particular cryptocurrency because it value was falling compared to values of other cryptocurrencies in the crypto market. I decided to make this purchase from someone I met on social media – someone I have not met physically. He told me to send the money for this transaction into an account of his before he can transfer the cryptocurrency I bided for into my crypto account. I was scared that he might be one of the internet scammer so I turned down the trade.
I decided to use an online vendor that sells and buy cryptocurrencies for local currencies. The online vendor actually sold my demanded cryptocurrency to me but something happened. The quantity of the cryptocurrency sold to me was not equivalent to the money I paid. It was way lesser than what I wanted; than what was shown on their website. I felt cheated and buying cryptocurrencies to me from someone I have not seen or a third party or an online vendor or exchange platform is not dependable to me.
This is actually the problem crypto users are facing in the fast growing crypto market. As new cryptocurrencies are being introduced into the crypto market, there is need for a reliable platform that users can confidently exchange their cryptocurrencies without the fear of being cheated or scammed.

Interoperatability and Scalability

Most exchange platforms only make exchange of some few cryptocurrencies. They are limited to a number of cryptocurrencies they have decided to make their exchange on. This is also one of a major drawback in the exchange industry as users and investor will have to sort for differ platform to exchange their cryptocurrencies if they operate more than one cryptocurrency.

Security

The issue of security is also a bottleneck to exchange platforms. Transactions made by users and investors are not securely transparent.
Taking all the above mentioned limitations of the exchange industries to consideration, a new technology on the blockchain community is on the horizon – Streamity!

STREAMITY

Streamity is a cryptocurrency exchange platform where users and investors can exchange their cryptocurrencies to their local currencies (fiat currency) or other form of cryptocurrencies of their desire in order for transparency using smart contract.
Streamity is ready to bring to an end the issue of trust, security and inability of users to use a single exchange platform to exchange their numerous cryptocurrencies being invented or introduced into the blockchain community.

STREAMDESK

The major tool of the Streamity exchange platform is the STREAMDESK. The streamdesk will be integrated with the StreamDesk Decentralized Application (DApp) that will enable users and investors to have a secure and trustworthy peer to peer platform for exchange of cryptocurrencies.

STREAMDESK TECHNICAL DESCRIPTION AND HOW IT WORKS

Streamdesk Token (STM)

The Streadesk Token (STM) will be used as the key token for exchange of other cryptocurrencies. This means every project will be paid in the Streadesk Token (STM). The good thing about the Streadesk Token (STM) is that it will be made available on other major cryptocurrencies exchange platform which will in turn allows users to trade instantly.
Though Streamity does not accept fiat currencies, it will give access to users in order to transfer these fiat currencies through the Streamdesk platform.
In the Streamdesk exchange platform, there are two ways in which cryptocurrencies and fait money are exchange either the Know Your Customer (KYC) system or the automatic response of the payment system.

The Streamity Alpha phase platform

Currently, the streamity Alpha phase is active. Below is the glance view of how the platform looks like:

Payment Methods

Streamity tech will pay it users directly to the crypto account the users specified in their smart contract entry. Streamity will incorporate the use of electronic payment cards and platform into the Streamdesk for speed, convenient and transparent of transactions such as paypal, Skrill, Perfect Money, Paytm, Payfast, QIWI, Payeer, MoneyPolo, Webmoney, Аstropaycard, BPAY, CashU, Dwolla, Hal-cash, M-PESA, Рaysend and more to come.

ADVANTAGES OF THE STREAMITYPEER TO PEER EXCHANGE PLATFORM COMPARE TO EXISTING EXCHANGE PLATFORMS.

Security conscious using Smart contracts on blockchain

Since existing exchange platforms currently used by users and investors in exchange of their cryptocurrencies to their local currencies or to other cryptocurrencies are somehow porous to security, the Steamity tech will enable users to use smart contract in securing their transactions against such risk of insecurity. This will drastically change the peer to peer exchange industry.
To be without security flaws, the Steamity tech will also have a platform in it DApp where active users can be monitored of their activeness. This will increased the security value of the exchange industries as accounts that are inactive would be restricted for such transfer of funds until a form of reputation is attain for a better security output.
Also, during the transaction of exchange made by users on the platform, a thorough check of individual authentication is made to ensure security and safety of users’ digital assets by employing the Open Protocol of Authorization (OAuth) system. This will ensure the security of the users too. Existing exchange platforms are already vulnerable to security threats and online theft. The Steamity exchange platform will tackle this plague on the existing exchange platforms using smart contracts on the blockchain unlike other exchange platforms. Users will also exchange at fair market price between cryptocurrencies.

Fore knowledge of current exchange rate of cryptocurrencies

Another benefit of the Streamdesk tech is that users will also be fully aware of the current status of the cryptomarket by providing users with News, analysis and educational resources that will give users optimum awareness of the cryptomarket before they invest in it.

No language barrier

One of the Streamity core advantage that will also make users to always find it a better option of exchange platform is it ability to integrate different language option. In this case, a translator would not be needed before users can understand what they see on the platform. In order words, a user can chose his preferable language that he understand very well without a translator.

Low fees charges in making transfer

Users will be charge free or a very low fee charges in transactions made on the streamdesk platform. The fee would be as low as 0 to 2 percent of the total money to be transfer. What can beat that?

Partnership

Steamity is also working tirelessly to partner with numerous blockchains for smart contract. This will enable interoperability and scalability of the tech.

The Steamity Road Map

The Steamity has a timeline that outlined it plans for now and the future.

Steamity Road Map
Source: Streamity Whitepaper

TEAM

The Steamity team is a group of experience personnel on the blockchain ecosystem. Headed by VLADISLAV KUZNETSOV (CEO and Founder) and Dmitry Martianov (CTO and Co-founder), the team are determined to bring a change and contribute their own quarter to the development of the fast growing blockchain.

Click for more about the Steamity Team here