Streamity – Decentralized Cryptocurrency Exchange

Introduction

There are two types of cryptocurrency exchanges in operation today - centralized exchange and decentralized exchange. Centralized cryptocurrency exchanges are good but not exactly the best in terms of safety when used. Incidents such as Mt. Gox hack and Bitfinex hack are great examples that showcase the fragility of a centralized solution. But still, we are actually forced to use these centralized exchanges which fundamentally violates the basic principles of a decentralized blockchain technology.

Centralized Exchange

A centralized exchange operates like a brokerage house where you deposit funds in an account and the exchange makes the trades for you. The advantage is that the exchange does all the work, and it is often insured and regulated by the authorities.

Most of the well-known exchanges like GDAX and CEX.IO are centralized. A popular benefit to these exchanges is that they will take credit or debit card and bank-transfer payments. They may also pay out in fiat currencies.

Decentralized Exchange

A decentralized exchange or DEX, is a marketplace for cryptocurrencies and is totally open sourced. Nobody is in control at a DEX and there is no absolute owner. Instead, it works as a P2P trading service where buyer and seller are in total control of their own wallets.

Put simply, DEX is a “DIY trading solution.” You make the trades and hold the funds or assets in your own account. The biggest advantage to this system is that your funds will be not entrusted to a trading company or other third party. Common examples of DEX are IDEX, Etherdelta, Radar Relay, to name a few. There are more DEX solutions coming into the crypto economy.

Current Problems

Even though DEX is more resistant to hacking due to its decentralized nature, most of the DEX in the market looks shady, have very low liquidity or are facing security difficulties. Most solutions, at the moment, only allow cryptocurrencies trading and does not support Fiat currency. As a result, many turn to OTC sites like localethereum, localbitcoins or remitano to trade cryptocurrencies for Fiat or vice versa. The more popular DEX, on the other hand, charges more commission fees.

The Solution – Streamity’s Streamdesk

Streamdesk is a dApp that provides a P2P platform for buyers and sellers to transact safely with low commission fees, higher ease of use and Fiat-enabled.

Key Features

• Smart contract
  Provides an escrow service that secures your crypto trading
• Simple & convenient
  One smart application is all you need. Nothing else.
• 101% Legal
  KYC policy followed by Streamity is based on principles of fair partnership.
• Crypto-freedom
  Fiat and multiple crypto are supported. You don’t have to be tied down to a small set of options anymore.
• Minimal commissions
  0 to 2%. You’re free to select a transfer method and in most cases, you will not be required to pay fee in fiat currency.
• Fairness
  Cryptocurrencies is valued as close as possible to the current exchange rates collected from major cryptocurrency exchanges. The average market value is set online automatically in market.

The Process

1. The Buyer selects a suitable order from the list in Streamdesk application
2. As the order is confirmed, the cryptocurrency is blocked by a smart contract.
3. The Buyer makes payment directly to the Seller, using the selected method.
4. As the seller receives money to his account, smart contract obtains a signal which unblocks them.
5. Then cryptocurrency is sent to the buyer's account.

Milestones in 2018

Q1
Launch of Streamdesk and the marketing campaign. ICO Starts.

Q2
Launch of the education and information «Streamity» resource

Q4
Launch of cryptocurrencies converter

Token Sale

• Phase #1

Start: 12.03.2018 (9:00 AM GMT)
End: 25.03.2018 (9:00 AM GMT)

Quantity of tokens available during the first phase of ICO: 100,000,000 STM
The cryptocurrencies accepted: BTC, LTC, ETH, ETC, USD, EUR
Tokens exchange rate: 1 STM = 0,2 USD
This price doesn’t include bonuses, please check the bonus program

• Phase #2

Start: 16.04.2018 (9:00 AM GMT)
End: 29.04.2018 (9:00 AM GMT)

Quantity of tokens available during the second phase of ICO: hard cap
The lower limit to launch the project: 25,000,000 STM
The cryptocurrencies accepted: BTC, LTC, ETH, ETC, USD, EUR
Tokens exchange rate: 1 STM = 0,2 USD
This price doesn’t include bonuses, please check the bonus program

Please visit their channels for more information,

Company website: https://streamity.org/en/
Whitepaper: https://streamity.org/uploads/docs/en/Whitepaper_Streamity_en.pdf
Telegram group: https://t.me/streamityChat_en
Medium: https://medium.com/@streamityorg

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