As the demand for cryptocurrencies grow, so does the trading volume. As at September 2017, it was estimated that the market capitalization of cryptocurrencies exceeded $130B according to Streamity's WhitePaper(P8).

Exchanges have been the traditional channel via which individuals have been able to get desired cryptocurrencies. However, there is a need to do things differently and more efficiently, seeing most of them have high transaction fees, are prone to hacks (because they have a single point of failure, leading to loss of funds), and more importantly, they don’t just have their users as their primary focus.

STREAMITY: LIGHT AT THE END OF THE TUNNEL
Streamity has created a decentralised solution that fosters healthy transactions between users, cutting out the middle man, more importantly.

They also ensure that resources are made available, through which users can get better insight via news, investment tips and other related materials. These materials will be created by users, but will be screened by trusted professionals in the cryptocurrency space, before it does go live on the Streamity.org platform.

Advantages of Streamity/StreamDesk.

• Allows for easy exchange and lower transaction fees.
• No single point of failure, and having reserve funds minimizes the risk of manipulation of STM tokens.
• STM tokens will also be available on major exchanges, to ensure that users remain truly unlimited and can carry out exchanges via multiple channels, if they choose to make use of these additional channels.
• For every user that holds on to more than 1250 STM tokens, they will have additional privileges, and will have transactions costs of just 0.5% rather than figures that could rise to 2%.
• Streamity ensures that prices for cryptocurrencies from major exchanges are taken into consideration, to set a fair price, for exchange services. Giving as much value as possible.
• Membership fees on StreamDesk will enable users to carry out exchanges free of charge, as long as it is within the limits.
• Streamity.org ensures users are giving access to key resources.

To carry this out, Streamity uses a key tool known as STREAMDESK to make this happen. StreamDesk is the platform that ensures that transaction cost are lower, the process is more efficient, and users have more options, with regards to purchasing cryptocurrencies. Not everyone has access to cryptocurrencies or even knows how to go about using exchanges to get them. It also ensures that cryptocurrencies can be exchanged for fiat (fancy way of referring to paper money-Dollar, Euro, etc) and fiat for cryptocurrencies. Users will be able to make purchases via Skrill, Visa and Master card, and PayPal. Users do not need to pass through a multitude of processes and incure additional transaction fees at every step, anymore. This is very important, because it will encourage, users and more importantly, first timers to get involved, leading to the growth of the P2P exchange industry, the cryptocurrency industry, and mass adoption as well.

A very important feature of StremDesk is the revolutionary smart contract feature it makes use of. Smart contracts ensure that all parties can trade for commodities with the risk or fear or incurring losses. By holding on to assets till payment has been confirmed one way, users are protected from fraud. They are automated processes, and do not have a single point of failure as regular exchanges have.

APPLICATION
When a user decides to buy or sell digital assets, they input their request, and this request is displayed on the platform for interested parties to see. Seeing StreamDesk sets fair prices can be expected to be more reasonable that regular exchanges.

Displaying the request ensures that interested parties can see the request, and they can choose to transact with the the user that put up the request. They do this by accepting the request, filling in their information such as wallet address, name, telephone and email address, if they are unauthorized users.
Along the way, the requests goes to PENDING CONFIRMATION, and then PENDING SMART CONTRACT, after confirmation by the user who put up the request.

Assuming the user put up a request to sell, the buyer will then make use of StreamDesk’s tools to effect payment. Once payments are confirmed by the user who put up the request, the digital assets are released by the smart contract. These simply shows how the smart contract system helps in simplifying transactions and protecting all users.

IN CONCLUSION
When users have access to easier options to become holders of cryptocurrencies, this ensures that growth is sustained, more users can hold on to them at even lower fees, and the crypto economy will grow.

Users can also liquidate assets easily, if the need to do so arises, without such assets losing a great deal of value, as a result of transaction costs.

As times goes on, more decentralized options will come along, and this will ensure that exchanges who do not have the users at heart, will die off gradually. This will ensure that rapid changes, growth and adoption will take place in the coming years.

TEAM


ROADMAP

VIDEO
Brief Introductory Video about SteamDesk

Note: Crowdsale begins tomorrow, and runs through July 22,2018. to learn more, kindly click here.

More Information & Resources:

Streamity Website
Streamity's WhitePaper
Streamity Facebook
Streamity Telegram

Entry to @originalworks contest here

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