Streamity: Decentralized cryptocurrency exchange for the blockchain generation
adnanzeal
The economic activity based on digital technology is known as digital economy which includes the on line sales of goods and services as well as the on line platform and infrastructure for commercial transactions. In the year 2012, the Boston consulting group which is a global consulting firm assessed the potential of the digital economy of the G20 countries alone at $4.2 trillion USD. In 2015, it was concluded in the joint research of Oxford Economics and Accenture, that by 2020 the digital economy will contribute to the global gross domestic product by $1.36 trillion (USD).
Due to the fast growth of the digital economy, the demands of online transactions are also increased. And cryptocurrencies have become popular solution to meet the requirement of digital economy. Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. The transfer of cryptocurrency is irreversible in nature and third party entities cannot cancel, block, dispute or carry out a transaction unilaterally. The generation and issuance of cryptocurrencies are regulated by consensus rule and encryption techniques.
What is Streamity?
The main focus of Streamity project is on creating such a powerful cryptocurrency exchange which includes a wide range of services though which risk arising due to transfer and exchange of cryptocurrency ownership, can be mitigated. And users would be able to get maximum benefit from the development of cryptocurrency market.
The key element of the Streamity project is streamdesk aggregator through which exchange of cryptocurrency for the fiat currencies using smart contracts will be ensured. The prototype of Streamdesk project is available online and it represents the core concept of this project.
How Streamity is different from their competitors?
The primary competitors of Streamity are P2P cryptocurrency exchange services such as Local Bitcoin, Changelly, and Qvolta.
· Streamity is based on blockchain technology and smart contracts provide additional security to the exchange process based on cryptocurrency.
· Rates of cryptocurrency are calculated in real time by aggregating the average weighted price from major cryptocurrency exchanges.
· It allows seamless entrance in the world of cryptocurrency investments to its users.
ICO Structure:
Streamdesk decentralized application (DAPP) is a P2P cryptocurrency exchange platform, and Streamity is raising funds in order to launch the services, it also plans to develop educational, informational, and analytical investment resources for Streamity.org and its services.
Streamity Token (STM) is the key element of the Streamity ecosystem; it constitutes the internal currency of the Streamity project.
Total number of tokens which is hard caped at 186,000,000 tokens will be issued on Ethereum platform.
Start exchange rate of one STM token is $0.20 (USD).
Pre ICO:
Hard Cap on Pre ICO is $2.8 million USD
The volume of Pre ICO sale is 20,000,000 STM
The volume of ICO sale is 110,200,000 STM
And, ICO will be completed upon the selling of the above mentioned numbers of tokens.
Accepted crypto and fiat currencies for STM are BTC, LTC, ETH, ETC, USD, EUR and will be transferred to users account after the second stage of ICO.
0.01 ETH is the minimum mount for transaction in Ethereum.
All the tokens which will be unsold will remain in reserve with Streamity’s project founders.
For more information about Streamity project, kindly visit its official website on https://streamity.org/en/ and whitepaper on https://streamity.org/uploads/docs/en/Whitepaper_Streamity_en.pdf.
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