In this era of globalisation, the presence of enhanced technologies is becoming prominent and the need for currency decentralisation can not be over emphasized.
There's a stronger connection between races and countries today. So also are a wider range of products and services. That brings us to the concept of money, payments and financial exchanges in general.
There's this saying that "the devil you know is better than the angel you have not known".
That people are comfortable, trading and transacting with Fiat currencies does not mean that they are ignorant to cryptos, adamant to change or cowards but they simply get pissed off with the transaction difficulties and high percentage charges that accompanies crypto exchanges.
But we all know that cryptocurrencies is the future and have come to stay.
Many businesses and services have incorporated them to their payment options and this has further increased its awareness.
Though, the centralised cryptocurrency exchanges are easily prone to hacks.
But the present exchange markets are deeply flawed. Because there exists percentage charges, delays in transaction, risk of fraud, low exchange rate and rigorous transfer/confirmation processes. Not forgetting the powerful intermediaries and same Blockchain selectivity.
The current P2P exchange market
Similarly, Peer to peer transfers, services and payment is now common but some people are still being spectators in the system. How can we include such people in the crypto world and why are many people still undecided about exchanging their currency type?
P2P exchange markets has helped to aggregate and connect customers but their charges are highly inflated.
For example, when I want to power down, I first convert my SBD/Steem to bitcoin then to dollar and finally to naira.
Hence I lost some money to the conversion charges and had longer period of exchange transaction.
If I don't have knowledge of why it happened this way, the experience is hard enough to send me out of the crypto community.
But hold on, what if we all come to know that there's a way out? I mean an easy way to change your Fiat to crypto and vice versa with a simple step that requires no intermediaries, difficulties or high percentage charges.
Yes, that's what streamity does!
streamity website
Introducing Streamity Network
Streamity is an exchange platform backed by STM tokens which is traded on exchange market and used as the platform payment . It is also an information portal of everything related to crypto news, analysis, education etc.
Streamity always provide their information in various languages (translation) making it easy for everyone to access their platform.
The CEO is Kuznetsov Vladislav, a seasoned business professional together with his veteran team.
In order to use this platform, all you need to do is register on the website's dashboard or download the app and register, place your order and exchange your currency without hassle.
Streamity exchange services is done through Streamdesk.
However, the transfer of money from an individuals' bank account or credit card through an exchange platform, on a device or mobile phone to another persons account or device is called peer2peer (P2P) banking.
Streamdesk is a decentralised p2p exchange that ensures equity and transparency in the transactions that exists between a seller and a buyer.
It makes use of digital codes (algorithms) in setting up their smart contracts making it to automatically execute itself once a potential buyer and seller has fulfilled the prerequisites of the contract and trade.
This simply means no barriers as individuals residing in various countries with different currencies and government regulations can within minutes, exchange their fiat to crypto.
Same with people who have different tokens/coins of various blockchain exchanging directly to fiat/altcoins.
Use Cases
Dr Modest is a top official in a bottling company. Through his telegram contact, he became aware of a new decentralised project. He believes their value and goals are great and wanted to invest in them. He intends investing only one thousand dollars.
He became dissapointed that the criteria is crypto based. He is not familiar with cryptocurrencies. He can't seek his Son's help because the money will be embezzled. He came to work and found Nancy peering all day on her phone. On inquiry, he learnt that she is reading Streamity whitepaper for a bounty program.
Dr Modest took it up from there, researched and registered on the alpha Streamdesk.
Satisfied with the process, he placed his order the next day and within minutes got his etheruem in his new created ether wallet. What an easy, swift and safe transaction!
He has now become a cryptocurrency owner in just a few hours. No long stories involved.
Now he can.........you guessed right.
Bose is a cryptocurrency trader. He trades only five altcoins because he will lose alot when trying to convert and exchange for new coins.
He decided to source for a better analytical tool and news and stumbled on streamity.
He not only got the analysis but he also saw a competent and better exchange medium.
The unique and excellent features of streamdesk
Streamity WhitePaper, Page 24
Streamdesk allows for growing of other cryptos in your portfolio unlike other P2P exchanges and trading platforms.
It involves no intermediaries in the exchange hence it has a very low fee of 0-2% as percentage charges.
It is Blockchain-flexible and allows for direct exchange of other cryptos without converting to bitcoin or Etherum. This is a great relief to new crypto-users as it cut out most of the process and technicalities of entering the crypto sphere.
It uses smart contracts and API system of payment which makes the transactions swift, trustworthy (no risk/fraud) transparent and traceable.
It has a steady update on current exchange rates.
It also requires OAuth open protocol of authorisation before transactions, making one's account access-safe.
It has a cryptocurrencies converter for people who want to change one crypto to another.
Streamity's successful journey and collaboration
Streamdesks' alpha version is very simplified and efficiently functioning.
To ensure that the platform is efficient, accessible and interoperable, Streamity is into a smart contracts partnership with NEM and EOS.
They are also in league with Civic and IT Test networks to conduct customers KYC and conduct overall testing of the project respectively.
Similarly, PayPal and Yandex have also been incorporated to make it easy for Fiat based clients to gain easy entry to the system.
Streamity have the best ICO and is rated very high indicating that the project is right on track and very stable.
In its roadmap, streamity will embark on the phase two of the token sale.
They will also strive to enrich and perfect the existing alpha Streamdesk as it is the first decentralised financial exchange system ever.
Streamity will also seek out and liase with more Blockchain communities,
Incorporate the use of Artificial intelligence in the Streamity platform,
Perform community training and conferences.
In conclusion, this is an amazing project and you can become a part of it now as there are lots of bonus with the STM ongoing token sale.
For more details about Streamity check out
Streamity Website
Streamity OnePager
Streamity WhitePaper
Streamity YouTube
Streamity Facebook
Streamity Medium
Streamity Twitter
Streamity Telegram
Streamity BitcoinTalk
The first image was sourced from
file:///storage/emulated/0/Download/images%20(3).jpeg
Few idea of smart contracts from
https://googleweblight.com/e?u=https://www.investopedia.com/terms/s/smart-contracts.asp&hl=en-NG&late=1&rqid=pPAtW4SnGsr3-AG0tKUQ
This is an entry to a contest sponsored by Streamity and organised by @OriginalWorks with more details at
https://steemit.com/crypto/@originalworks/605-steem-60-bonuses-sponsored-writing-contest-streamity
Streamity 2018