According to CoinMarketCap, the current market capitalization of the whole cryptocurrency market reached nearly $255 billion and that's amazing. We see more and more people and which is more important businesses getting on the board, banks and governments seem resigned to the inevitable and there are no doubts that cryptocurrency is the future.
So, today I would like to present to you a project which I hope will take its place in that future :)
The Problem
As of the market keeps growing, by attracting more and more customers and businesses it's extremely surprising to realize that problem with a secure, but at the same time, a quick and convenient way of crypto exchange still remains unsolved. While there is already a huge number of crypto exchanges, there are no any which will provide all the mentioned features at the same time.
Usage of the centralized exchanges are risky since they are potentially valuable, also it requires us to trust third parties, which contradicts one of the basic principles of the blockchain, on the other hand, current decentralized exchanges are slow and require some knowledge and experience that newcomers generally lack.
This is one of the main problems which slow down the growth of "crypto world" and that's the problem Streamity's team is going to solve!
Streamdesk
Streamdesk is Streamity's core product which they present as a one-stop shop to buy cryptocurrency. In other words, it's a P2P exchange to trade cryptocurrency and fiat. While providing a quick and easy-to-use platform, Streamdesk also provides a secure and trustless way for trading, using smart contracts instead of third parties.
How it works?
Everything is pretty simple:
- Users will need to signup on the platform and pass the KYC
- After the seller will place a sell order
- Crypto funds will be transferred from the wallet and a smart contract will be created
- Buyer selects the fiat payment system and makes the payment
- After the payment is verified funds will be transferred from the smart contract to the buyer
Streamdesk is already in alpha and may be tested by anyone who would like to. Though there is only ETH trading available in alpha, we can see that Streamdesk is going to support much more coins and tokens later. And though they currently support only PayPal and Yandex.Money for fiat payments, but one of the goals is to integrate as much payment systems as possible.
Only Streamdesk?
No...
While the trading platform is the core product, Streamity is going to do more, by creating online tools for market analytics and monitoring, with the latest news and useful educational resources.
Everything for crypto-market development :)
SMT Token
Currently, Streamity is in the second stage of an ICO. The offered token (SMT) will be the only internal currency to purchase Streamity's product.
The hard cap is $20M and $4,2M was already raised during pre-sale, hope these guys will have a great success.
That's all friends, thanks for reading, replying and upvoting in advance.
Please, feel free to share your opinion about this project in replies, do you think crypto markets need a project like this?
Some useful link:
- Streamity Official Website
- Streamity WhitePaper
- Streamity Sponsored Writing Contest
- Streamity Exclusive Airdrop
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