Streamity - Decentralized cryptocurrency exchange
Streamity company is basically coming out of Singapore but the team is predominantly Russian team. The token is called STM and they're an independent platform peer-to-peer for trading. The problem that exists that they're trying to eliminate is that although cryptocurrencies are decentralized, there's not really existed a true peer-to-peer exchange without some kind of a third-party interference. The Streamity project embodies the idea of really honest cryptocurrency exchange between two individuals in other words a peer-to-peer exchange. Streamity platform will solve this because it enables the peer-to-peer transactions with low fees and smart contracts that act as an escrow type security while keeping anonymity intact. There is a KYC that you're going to fill out know your customer and give them pertinent information that will be intact and kept private but it helps prevent illegal and questionable transactions like money laundering and things like that. The market size currently is 5.1 trillion dollars and that is on a monthly basis what's being purchased and transacted across the world in FIAT but people are coming into the crypto world which is going to take that five points one trillion dollars per month into the marketplace of blockchain and all the transparencies that are involved in all of that and all of the activity that helps protect you and I as investors and as clients, customers. So, 5.1 dollars is basically per month is the market size in the future market size is going to continue to grow as well because of the awareness of the world coming to blockchain technology in Bitcoin revolution and cryptocurrency world. Another thing is how far back does the footprints go Do they have a working product or a service? yes there is traction the fact that they have their first prototype was finished in August of 2017 and that they will be ready to launch the first phase of their platform in the first quarter of 2018. All this is going to take place on your smartphone and what I like about this is if you're wanting to take FIAT and turn it into cash and I've had a lot of people ask me how do I do this, especially large numbers. Depending on how large the number it could really become a flag as far as whether someone's trying to launder money but if they're actually just saying what I'll buy $1,000 with a Bitcoin or I got a Bitcoin and I want to sell it for $1,000. You can go to Steamily platform on your phone, find your other peer who is going to do what you need done if you're buying a thousand dollars with the Bitcoin find someone on this platform that's selling a thousand dollars of Bitcoin and you two come together here and there's no exchange. And that is huge in the fact that you don't have to go home get on your computer move money from your wallet to an exchange and get everything set up.
With Streamity, their peer-to-peer system is the ability to transact using smart contracts from one user to another so you can do those FIAT transactions and crypto transactions through their system. It is completely independent secure due to the use of smart contract architecture and the API of payment systems. the other thing that's unique about this is nearly all the exchanges you are currently dealing with are centralized whether you like it or not. Binance, Kucoin etc. whatever you’re holding your funds on their exchange in a centralized system. This will be decentralized like everything that’s pretty much peer-to-peer where the entire network controls it and the smart contracts is the safety mechanism on this. This will be also a very good mechanism for moving money around the globe as well at very low. There's 180 million coins, whatever does not sell will not be made available to anyone else after the sale other than on the exchanges. Anything left after the sale will be divided out amongst the founders and the team and whatnot as well as any other program and with marketing and all that has taken place. It is an ERC20 token, when you get your tokens, you can hold them on a trazor or anything that will hold an ERC20 token for the wallet.
Website: https://streamity.org/
Twitter: https://twitter.com/streamityorg
Facebook: https://www.facebook.com/streamity
Telegram: https://t.me/streamityChat_en
Whitepaper: https://streamity.org/uploads/docs/en/Whitepaper_Streamity_en.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2519489.0
Authored by: donniedarko
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1720051