Hello fellas did you ever use p2p (peer to peer) exchange before I think lot of people using regular exchange for trading cryptocurrency like bitfinex, coinbase, coinmama etc. We all know that regular exchange only support visa/master card and bank payment but people want to use other payment processor for exchange cryptocurrency to flat money like paypal, qiwi, payza, skrill etc . And idea come from that is p2p exchanges. Using p2p exchange is lot easier to exchange cryptocurrency to flat money with your favorite payment processor. But reason that i don't like using p2p exchange is it also have some certain risks like scam or fraud you know it's directly person to person trading so it's lacking of safety. The reason today i'm talking about this is i saw ICO project Streamity.
What is Streamity ?
Streamity is ICO project of p2p cryptocurrency exchange. But one thing here is p2p exchange wtih smart contract. This gives you more safety and faster trading option with your favorite payment processor. The idea of this project is giving more easier, secure way of trading cryptocurrency with low commission fee and without hidden fee through the smart contract.
How it work ?
1. Seller/buyer place an order to sell/buy cryptocurrency.
2. After seller/buyer made request to sell/buy cryptocurrency sellers get notice that asked about confirmation of trade.
3. After seller confirm trade offer necessary fund(cruptocurrency) will be locked in smart contract.
4. Buyer send fund(flat money) directly to seller and Streamity(Streamdesk) will confirm payment.
5. After confirmation of payment cryptocurrency will be transferred to buyers account.
It's a little bit complicated but it will be performed through the system so all you need is create order and confirm your order.
Fee and commission
Streamity commission fee is fixed an monthly subscription based you can see price at below table.
As you can see for example trading less than 100$ monthly basis will cost 1$ and with over limit you will bi charged 2% commission. Defending on how much money you trade commission become more lower. And subscription fee is fixed so doesn't matter how much token price become you will be pay same amount of USD.
Token sale
Hard cap on PRE ICO: 2.8 million USD
The volume of PRE ICO sale: 20,000,000 STM
The volume of ICO sale: 110,200,000 STM
Upon selling of this number of tokens ICO will be considered as completed.
How to buy tokens.
STM Tokens are available for sale for BTC, LTC ETH, ETC, USD, EUR. STM Tokens will
be transfered to users' accounts after the second stage of the ICO.
The minimum transaction amount in ETH: 0.1 ETH
All the tokens not sold during the ICO remain in the reserve of STREAMITY project
founders.
Conclusion
P2P exchange had always some negative reputation for it's users and around people. I think this project help a lot for taking current p2p exchange name from the ground. Idea of project is very innovational and accurately saw the current p2p exchange problems and lacks. Using smart contract for exchange system is the part i really liked about and i personally don't like to use p2p exchange but if this project starting it's services i don't mind to using it. And lastly in p2p exchange one most important thing is how many payment processor or services accepted. So i'm really looking forward how much this project can grow.
Visit the website:
https://streamity.org
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