DeStream ICO - Project Review
The mid-90s marked a very important milestone in the lives of mankind, which is when the commercialization of the Internet started. The Internet since then has evolved tremendously and has revolutionized the way we communicate, interact, relax, have fun, engaging products and services, manage businesses and make income.
Internet-based companies have continued to increase yearly at an exponential rate in different niches and providing a very wide range of services across different sectors.
Entertainment is one of the biggest businesses on the Internet, spanning different types of media contents like video games, music, videos, and audio.
In this article I will be focusing on the e-gaming industry, shedding some light on the challenges faced by the biggest influencers in the industry which are the streamers. Also, I will be introducing a decentralized platform that has been created specifically to provide better financial services for the streamers. This decentralized platform is called DeStream.
DeStream
DeStream is a fully decentralized financial ecosystem providing add-on services to content streaming sites and thus providing streamers worldwide with revolutionary solutions to some of the challenges they currently encounter with the traditional payment gateways and providing some additional benefits for a better streamer and user experience.
What Is Streaming And Who Are The Streamers?
Generally, streaming is said to be a situation in which a user watches a digital content, either video or audio directly on the internet. Live streaming involves the delivery and engagement of those contents in real-time on a media publisher or content delivery network like YouTube. A streamer is a person that creates and shares this shares content on the internet.
Importance Of Streamers
Game streamers are pros and they perform excellently at the games they play. They play this games finish the difficult levels, gives insights, tips, tricks and share this with their audience on their media channels. Some other streamers come from different fields and also deliver valuable contents to their audience.
Streamers often create and shares their contents both as a lifestyle and as a business venture. In fact, the streaming market is a source of income for millions of people worldwide and this is a multi-billion dollars industry which is growing yearly at an exponential rate.
Streamers monetize their services through donations, subscription fees, and advertisements. According to the DeStream project whitepaper, "a report published by Newzoo Company, claims that gamers worldwide will make revenues in excess of $128 billion by the year 2020." This doesn't take into account the streamers of other types of contents which is also a multi-billion dollars market.
Problems Streamers Encounter
The streaming market is a very big one and one that is still posed with a lot of financial problems. Some of those problems are:
- High-interest rates on electronic payment options
- Lack of transparency in payment structures
- Slow payout processing time and Multiple payment gateways
- No guarantees and complicated cash out procedures
- No tools for designing and customizing personal mechanisms.
DeStream Is The Innovative Solution
The DeStream project is creating a decentralized platform that will allow streamers obtain maximum benefits from their intellectual products or services. The DeStream platform is built on the blockchain, governed by a smart contract and powered by the platform's DST tokens.
Importantly, DeStream is not competing with the content delivery networks like YouTube, this platform will be delivered as an add-on to the content delivery sites and applications as a payment option for the users to pay their subscription fees, donations and also for the streamers to redeem their payments.
DeStream Solution to High Transaction Fees: Through decentralization, DeStream is able to eliminate the middlemen which are the payment companies, this companies charge high transaction fees for their services and by eliminating them totally from the ecosystem DeStream is able to cut transaction fees to the minimum.
DeStream Solution to Transparency: The blockchain is a decentralized public ledger which provides transparency as all transactions are recorded permanently and publicly on the blockchain. This provides the much needs transparency for streamers as all their payments information can be easily accessed on the trusted ledger.
DeStream Solution To Payment Challenges: By making payments in the platform's cryptocurrencies which is the DST token, payments can be made and redeemed almost instantly and subscribers do not need to worry about multiple payment systems and keeping multiple online wallets as all payments will be acceptable in DST tokens.
DeStream Solution To Lack Of Guarantees: as stated earlier, the platform is governed by a smart contract which will automatically deliver the made payments to the streamers once the content is delivered to the users and this also applies to other payments which are released to the right receiver once the terms of the smart contract are met by both parties. The smart contract is capable of granting or rejecting payments or service access for streamers and their audience in a trusted way.
DeStream Solution To Lack Of Personal System Tools: This is an aspect in which DeStream has gone over and beyond to provide streamers with the best tools to give them a more than satisfactory experience.
Firstly DeStream provides a wide range of standard smart contracts which can be applied to a wide range standard use cases. On top of that DeStream is providing top streamers with a visual editor which will possess an interactive interface which can be used for the development of a customized smart contract to fulfilling some specialized purposes.
Streamers will also be able to customize their channels using a special editor that the platform will make available.
There are a lot of added benefits that this platform provides and you can read more about them in the platform's whitepaper.
Project Team and Roadmap
Team: The DeStream project has a team of 10 professionals from different fields. The team is led by TACHAT IGITYAN and ANAR MEKHTIEV, who are both the founders of this project.
The experience history and expertise of this team is stated fully in the DeStream project WHITEPAPER.
Roadmap: When analyzing ICOs the main feature I look for on a roadmap is the working product because I believe any project that will succeed will have a working product before the start of its token sale. According to the whitepaper, this project has a progressive roadmap and has already achieved the milestones of a working prototype and portal development in Q1 and Q2 this year. Although the release of the platform's alpha version will start running in 2019, I believe if this team can continue the good work, the platform will be a huge success.
ICO and Token Economics
The DeStream token sale started August 1st and will run till the 30th of September. The project has a soft cap of $5.5 million and an hardcap of $12 million. The token distribution sees 60% of the total token supply made available for sale to the public which is a good move by a decentralized platform, putting power into the hands of the community.
Ticker: DST
ICO Price: $0.006
Soft Cap: $5.5 Million
Target Cap: $9 Million
Hard Cap: $12 Million
Conclusion
DeStream provides solutions to an imminent problem that streamers face in their businesses. The streaming business presently has a cap of over $100 in revenue and these figures are only going to get higher with the elimination of middlemen in the payment system for streaming services.
Aside from just making payments for services easier and better this platform a lot of other features that makes the streaming activities a more interactive and enjoyable experience for both the streamers and their audience.
An Hardcap of $12 million means this is a well-priced platform and there is a good potential to make good ROI on funds invested through the token sale.
Join the ICO through the referral link below and benefit up to 5% bonus on the funds invested.
https://destream.io/?referralId=adf52557d7994818a3bf8131262f2179#action=bountyreg
Official Contacts
Website: https://destream.io/
Whitepaper: https://destream.io/media/1101/whitepaper_en.pdf
Telegram: https://t.me/DeStreamEN
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=4698321
Facebook: https://www.facebook.com/destream
Twitter: https://twitter.com/destreamproject
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