Review of DeStream Project

nahar278 (5)in #cryptocurrency • 6 years ago

DeStream is actually a platform which focuses on setting up a blockchain based global platform which is actually decentralized for use in the streaming market. The platform provides for the maximization of the productivity of streamers, diversification of the activities of theirs and securing the startup capital of theirs. Blockchain technology provides for the decrease in the improvement and transaction fees of quality on the platform, therefore, allowing streamers to shift the focus of theirs on creation rather compared to operational tasks. DeStream brings on a concept for a much-needed solution. A decentralized platform for streamers to utilize might get back out of the ever-expanding platform creators of live content has. Live-streamers are constantly on the search for a much better solution as well as recognized to follow new options as they come, being tech savvy as they're.

How does DeStream Work?

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The platform is actually a distinctive structure which provides all streaming services with enhanced interactivity with the viewers. The platform additionally offers a monetary tool used for donations as well as the payment of products of the environment. The platform also provides an advertising channel that extremely effective and has powerful analytical tools, allowing advertisers to immediately select a streamer for the services of theirs.
The platform uses sensible contract technology to carry out the terms of payment. A viewer could be sure that the addressee is going to get the donations made on the platform. Additionally, the streamer is going to fulfill the accompanying order to the donation, only when the service is actually made readily available on the service catalog on the platform. This, in turn, improves transparency of the whole process specifically if the action targeted and anticipated by the person does not have two interpretation, has a promise of performance, and it is provided by the streamer.

Official YouTube presentation

What Solution does DeStream offers:

The project 's ideology presented in 2 or maybe 3 phrases can be as follows: DeStream intends to produce a hub which would allow the donors to keep spending in any format convenient - meaning currency, payment system and jurisdiction…
while streamers receive all of the proceeds in a unified format (internal DST tokens) on a unified wallet, same for those platforms the streamer operated and all transaction he or perhaps she receives;
Consolidated accrued funds are actually no cost to be withdrawn into fiat, sold for other cryptocurrency, or even spent for goods and services offered from DeStream partners; DeStream names digital goods, food and consumer electronics as a result, and I cannot resist this urge and picture several gamers' existence becoming completely self-sufficient in the DeStream platform: tokens to pay for downloading music and movies, cola and pizza along with a brand new video card. Not much need adding: rent and communal services, along with a little number of home stuff as toilet paper);
Donors will be presented with a number of ways to aggregate funds distribution channels: in a single move, a set of streamers might be paid selected by traffic, audience and cost criteria. This may be helpful for advertising specialists that place packet orders in gaming.

DeStream Benefits:

Low Transaction Costs
Blockchain technology allows system transactions to be reduced to up to 0.77 %, that is 2 times lower compared to every other system. There aren't any restrictions put up by the platform in that there'll be identical rules applied for inputs and outputs operations without any regards the kind of currency.
Security
The platform 's smart contract regulates the connection among streamers, advertisers, and viewers, therefore, leading to the protection of theirs from a partner failing to meet the obligations of theirs in phrases of payment. The sensible contract guarantees that terms of making transactions are actually followed faster.
Free Marketplace
The marketplace forum allows streamers to buy equipment that is new and sell their customized merchandise in the system. The user doesn't need to begin thinking of withdrawing the funds of theirs for use since pertinent products are readily offered at the marketplace.

More Features of the Project and Competitive Environment

There are two facts about DeStream I would point out: (i) the project will be based on Stratis blockchain rather than on massively popular Ethereum which, in my opinion, gives good chances for developers to progress faster and aim for better customization of their solutions, (ii) DeStream claims that is will charge only 0.77% in commissions compared to 10% we have discussed earlier. Payment systems for streamers and gamers are not new to the market. I’m not that deep into the topic, that’s why I simply copy a comparative chart put together by the project. The only valuable addition on my side is name of those competitors above their logos – I’m sure it’s difficult to recover all brands from those pictures)) The chart clearly indicates that there will be way better functionality in the system as compared to existing players.

Token Sales Information

Token Info.png
Public ICO start date: 2018-05-09
Public ICO end date: 2018-06-30
Tokens available (Pre Sale + Public ICO):6,000,000,000
Name: DeStream
Ticker: DST
Token Type: Stratis
Token Price: 1 DST = 0.006 USD
Available for Token Sale 3,600,000,000 DST (60%)
Target cap: $9.0mn
Soft cap: $5.5mn
Hard cap: $12.0mn