Streamity: Analysis on upcoming ICO
“Cryptocurrencies may be the purest form of democracy the world has ever known” — Paco Ahlgren
With the advent of disruptive Blockchain technology and the subsequent evolution of the cryptocurrency market, it was about time that we had a safe and sound system wherein we could trade and convert our cryptocurrencies into one another. A need for a platform which provides affordable conversion without any intermediaries and legitimate rates is clear and well understood. Essentially, a cryptocurrency “exchange” is just the thing everyone is unknowingly waiting for to exist. Needless to mention; I am talking about an economically “beneficent” platform over here.
STREAMITY a Singapore based company with their product StreamDesk is an upcoming ICO which aims to solve the inconveniences that a cryptocurrency holder essentially faces. The problems prevalent in the current system which the StreamDesk claims to tackle is the lack of transparency and convenient services to convert a wide range of cryptocurrencies. For example, Local Bitcoins is a service which deals exclusively with Bitcoins, rendering it inefficient for users holding other cryptocurrencies. We also have Changelly, but it doesn’t allow us to sell the cryptocurrencies for fiat money which turns away a lot of interested people.
StreamDesk is the first peer to peer decentralised platform which protects the transactions of exchanges of cryptocurrencies to fiat money without any intermediaries based on smart-contracts. Smart-contracts provide additional security to the cryptocurrency exchange process in addition to the verification of users. The STM tokens will be openly traded on the major cryptocurrency exchanges that will make them available to the new users and let investors sell them instantly. It plans to use artificial intelligence in various resources of the Streamity medium. Investors can officially purchase tokens regardless of their location, and it supports partnership with most of the significant payment systems. There are minimal chances to manipulate STM token rate as they are protected within Streamity platform. Hence the supply, demand, and the consecutive price would be decided accordingly.
There are also security benefits for both the purchaser and seller of cryptocurrency with StreamDesk. The cryptocurrency of the seller is blocked using a smart contract. When the fiat money enters the seller’s account, the payment system sends a signal to open the smart contract, and the purchaser will receive the cryptocurrency. For added security, if the buyer does not send the fiat money to the account of the seller within a given time, the smart contract gets opened, sending the cryptocurrency back to the seller, so they do not lose money to fraud. Streamity also follows KYC policy and principles associated with reasonably good partnership, making the operations completely legal, something that some other exchanges profoundly lack in specific markets.
Users will appreciate the minimal commissions, which may not even include any fees and fiat currency. The cryptocurrency commissions can be as small as zero and max out at 2 percent, letting users save money. For further savings, StreamDesk offers a fair service with the cryptocurrency value set as close to the current exchange rate as possible. In fact, the system automatically sets the average market value based on information from primary exchanges.
The STM tokens are part of the Ethereum platform and meet the ERC 20 standard. The number of tokens is limited to 186 million, and no more would be issued in the future. Investors can buy the token using BTC, ETH, LTC, ETC, EUR, USD. The token sales begin on March 12 with a 20 percent discount on day 1 and 15 percent discount for the rest of phase 1 (up to March 25). There would be 100 million tokens available during this phase. Phase 2 will have a 10 percent discount and last from April 16 to 29.
Headed by Vladislav Kuznetsov and Dmitry Martianov, Streamity has quite a few experienced people who have been in the field of Blockchain technology and cryptocurrency market for quite some time adding to its credit. Founder, Vladislav has more than ten years of experience in the field of trading and investments.
Ratings based on various parameters:
- Whitepaper, Website, Video: 8+10+9 = 27/30
2. Online Presence (Twitter, Facebook, Telegram etc.): 10/10
3. Product idea: 10/10
4. Risk: 9/10
5. Team: 8/10
6. Necessity: 9/10
7. Token Sale Participation: 7/10
8. Competition: 9/10
Final Rating: 8.9
Overall, with new and new cryptocurrencies coming to the market of all sorts of different kind and types, there is no way something like StreamDesk by Streamity would go unnoticed. As for September 2017, the total cryptocurrency trade has exceeded 4 billion US dollars, and the market capitalisation of cryptocurrencies is above 130 billion US dollars. And it won’t be hard for one to estimate the rise in the figures after the Bitcoin Shenanigans around the time of Christmas last year. The ever-increasing development of the E-Commerce industry does nothing but support my statement. In all these rustles if someone gives me an option to convert my cryptocurrencies into one another and even cash and fiat money, I shall not spend any more time being skeptical about this product. I am intrigued and deem this ICO as a promising one and expect positive returns.
