I've shared this ICO on the Twitter account a while back and now I feel I should post it here on Steemit as well. Before I continue further I must disclose that I am financially invested in this ICO and you should you choose to invest in this project it may have some financial benefits for me. However, this post will be an unbiased review of the project and I'll share all the pros and cons with which I'm familiar.
Quick Disclaimer: All Streamity links shared in this post contain my personal referral link to their sites' registration page.
I'm not urging anyone to invest but I'm sharing this as I do any other information because I believe there is value in it and whether you choose to invest or not is of your own accord.
With all that being said let's jump right into it.
A couple months back, two maybe three months, I had come across this project's ICO and upon further research, I decided to invest. Streamity is a decentralized exchange or platform rather that allows for peer-to-peer transactions through the use of smart contracts. Unlike most P2P exchanges that only facilitate BTC/ETH to fiat trading, Streamity will offer a direct exchange of altcoin to fiat trading and vice-versa.
EtherDelta also uses smart-contracts but is difficult for the user to navigate. Coinbase has a limited variety of altcoins and certain nations aren't able to purchase from the exchange. Localbitcoins is another P2P exchange which has a friendly user interface but is handicapped by the high commission and only allows for bitcoin trades.
Streamity combines the best of all these exchanges and then some. You can trade crypto for fiat currency using a credit/debit card and e-wallets such as Skrill, Payeer, and Perfect Money etc. The Asian market also has payment options like WeChat pay and the Russian market can use Yandex Money.
The project is run by a well versed and fairly experienced Russian team and strategically registered in Singapore for fairer regulatory conditions. The team though could be bettered with stronger advisors and new positions. One weak point I've noticed with the project is the lackluster of marketing efforts during this ICO. The team doesn't seem to have a dedicated marketing member and it is evident on their social media platforms.
Technically the team is very strong in terms of developers and engineers which means the platform will be great but for the sake of the ICO, there needs to be a strong marketing push behind it. It kind of reminds me of Litecoin, it's technically strong but Charlie Lee isn't outspoken enough to promote the project to new heights but you can rest assured that behind the scenes he works as harder as anyone else.
I've seen some Streamity banners recently on CoinMarketCap and nowhere else, so at least something is being done to promote the project. Personally, I would like to see the project offer airdrops on social media to help spread the word or even some interviews on YouTube. With that said the project does have over 10K telegram followers whom might translate to users of the exchange which is decent.
The ICO has been delayed for a couple of months now because of the ongoing bear market but IMO the project would've been well funded by now if better marketing was being done and the current market conditions aren't helping.
Streamity's business model is a development of services and the engagement of new users to their platform. They already have an operational beta version of the StreamDesk platform (exchange) and other services such as a news resource and market analysis resource.
The news resource offers general news, interviews, free live webinars and more. Market analysis resource will have an investment portal with automatic/semi-automatic trading, ICO calenders, investment statistics, chatroom for traders etc. Further developments can be viewed in their roadmap.
The STM token is an ERC-20 utility token that will be used to engage with the StreamDesk platform and as a provision for even lower fees and other benefits for ICO investors. One such benefit for ICO investors holding STM tokens is the packages programme. They say a picture is worth a thousand words so here's a nice one.
The current cost of packages in STM based on the current market price of $0.2/STM
Basic - 5 STM
Silver - 50 STM
Gold - 250 STM
Platinum - 1 250 STM
Brilliant - 7 500 STM
Unlimited - 25 000 STM
I have great faith that this will be a successful platform and at launch will instantly be among the best on the market. The support it will have for ICO's means that new tokens will likely be supported for trading on the exchange and once it gets listed on CoinMarketCap as an exchange it will only be a couple of weeks before it creeps into the top 5 (the exchange not token).
Luckily, we have the opportunity right now to get in on the ground and enjoy the elevator ride all the way up. True to form investing is made easy as multiple currencies such as BTC, LTC and ETH are accepted as well as fiat currencies. Although I've clearly done research on this project, remember to do your own due diligence when it comes to investing in ICO's. You're are always responsible for what you do with your funds, I just provide information.
If you'd like to contribute to the project visit here to register an account: Registration Page. There's currently a 20% bonus for Phase 2 which will end in a few hours.
Please Note! that you shouldn't transfer ETH directly from your exchange address for the ICO as you'll most likely lose those funds.
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Until the next one, have a great day!
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