STREAMITY:crypto-fiat exchange just got better

joshuaedoja (53)in #crypto • 6 years ago (edited)

INTRODUCTION
Cryptocurrency market is one of the fastest growing and promising markets in the world. However
even today customers do not have the ease of converting cryptocurrency to fiat money in a fast and secure setting.
There are a lot of cryptocurrency exchange services (like bitrex, blocktrades, steemexchanger, air-hawk exchange, olamax exchanger etc), but for most of them their activities are either illegal or attracts overpriced commissions. They lack security and scale; moreover, these services are too diffcult to use!

As the crypto market grows, the need for an end-to-end cryptocurrency platform will become more obvious. Furthermore, that platform needs to be decentralized, otherwise, it’ll end up abusing the rights of many traders. The final solution lies with Streamity. Because of its immense capability, this project is set to carve a niche for itself in the already burgeoning ICO list.

WHAT IS STREAMITY?

After carefully going through its white paper, I think of Streamity as a big multifunctional distributed exchange. This platform will provide all the standard features that are usually expected from a crypto exchange. The most interesting thing about project, however, is that its team is developing an absolutely decentralized platform to exchange cryptocoins for fiat currencies and vice-versa.

Streamity’s decentralized nature will enable its users to interact and trade with each other without any third party. Essentially, the trade on this platform won’t involve any of the risk that’s usually found in traditionally centralized exchanges—and that’s unquestionably a big plus for all potential Streamity users which includes me.

STREAMDESK

One of the biggest developments happening in Streamity is StreamDesk. This is an aggregator that will streamline the exchange of cryptocoins for traditional currencies. Plus, the dedicated development team working on StreamDesk will simplify crypto trading by leveraging smart contracts. Streamdesk is a p2p platform for smart-contract cryptocurrency exchange. StreamDesk is a
unique and fully automatic service with minimal commissions and fair market prices. Smart contracts
will guarantee the perfect security and the transactions of traditional currency will be committed
directly from user to user with the reception of the response from the payment system, which is used
as a “signal” to unlock smart-contracts and close a deal.

Other additional services of the project include;

building educational databases,

creating investment resources,

showing cryptocurrency news, and

delivering crucial trading insights.

This entire suite will provide the platform users with the best assistance regarding the accumulation and management of their crypto funds. Plus, this platform is divided into different sections that will provide a variety of digital services to produce separate revenue streams for its investors.

All in all, the project appears promising because its concept is quite innovative. The platform is robust and includes a set of services that aren’t limited to traditional crypto trading. (However, the focus of the platform remains on making crypto trading as secure and decentralized as possible.)

STREAMDESK EXECUTES HIGH SPEED TRANSACTIONS OF ANY AMOUNT

currently it is not possible to carry out transactions involving a small amount of cryptocurrency.
On analyzing the existing crypto exchanges, you’ll find that nearly every service provider has set a minimum transaction amount. In most cases, this amount/limit is what obstructs many users from using the exchange services.
For example, if users want to make small donations or buy movie tickets or play online games, then they won’t be able to make the transaction, because these things don’t involve huge amounts.
That’s precisely what StreamDesk plans to change by allowing its users to make small-sized transactions as securely and quickly as possible.

STREAMDESK EXECUTES TRANSACTIONS THROUGH SMART CONTRACTS

The streamdesk platform is designed to avoid any situation where the exchange becomes inactive for a number of hours because the system’s security was compromised by a hacker. Furthermore, such hacks even lead to the loss of customer deposits and other crucial trading data. In order to be a foolproof system, the platform deploys well-written smart contracts that are executed with a number of encryption algorithms and verification systems.In short, every single smart contract is written to secure all the transactions. With StreamDesk, any user who wants to buy a cryptocoin will have to provide a sales order. After raising a sales order, the user will have to lock the transaction inside a smart contract until the payment system confirms receiving the traditional currency.Everything related to making or receiving payments on this blockchain is quite straightforward.

With such a platform where crypto-fiat exchange has been made as secured as possible, more traders and investors will become more and more interested in crpptocurrency. Platforms like steemit.com where people earn cryptocurrency(steem) through blogging will get more users registered to them. The fact that streamity has eliminated all the holduos asssociated with traditiona cypto exchange is more than enough reason to bring more persons to adopt cyptocurrency, as they are now sure of a secure as efficient crypto-fiat exchange medium.

ABILITY TO EFFICIENTLY USE FIAT IN STREAMDESK

For any crypto exchange, the interaction between a fiat currency and a cryptocoin should be quite simple, fast, and secure.The team behind Streamity’s StreamDesk understands the importance of these aspects, and as a result, StreamDesk will streamline the interaction between cryptocoins and traditional currencies in the best possible way.Plus, with this platform, the user will allow the conversion of the currencies at a low cost—yes, the commission charge, as per the project’s white paper, isn’t very high. It doesn’t matter whether the investor has Euro or USD or BTC, she/he can simply buy any cryptocoin from this exchange (once it’s up and running).

CONCLUSION

It is evident true that there are many crypto exchanges in the market today, but Streamity is different and on another level because it is prioritizing security and decentralization above everything else. Plus, if Streamity’s StreamDesk really does what it promises on paper, then this project is destined to be successful.The crypto investors of today are seriously looking for an exchange that’ll give them the best in terms of trading insights—well, that is what Streamity is promising.
After going through the project’s white paper, we can see that all project-specific information is given transparently. If you’re looking to invest in a good ICO project, this may be one. However, we advise you to visit the project’s website and run your due diligence before joining the sale.

Meet the streamity Team , Partners & Advisors and The Project Developers

team 1.png

Partners &Advisors

Project Developers

For more information:

check out the Streamity Website here.

If you would like a short summary about streamity, check out the Streamity OnePager

You can also check out the Streamity WhitePaper here

Watch videos pertaining to Streamity on YouTube here

Go check out the Streamity page on Facebook

Stalk Streamity on Medium

Follow, tweet at the Streamity team on Twitter

Go talk to [the Streamity team on Telegram](https://t.me/streamityChat_en

Check out the Streamity BitcoinTalk

This is an originalworks contest entry.
streamity2018

#blockchain

6 years ago in #crypto by joshuaedoja (53)

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