Millions of dollars are lost everyday due to the cost accumulated in exchanging cryptocurrencies to different kinds of money. The commission attached, especially amongst intermediaries has made transactions cumbersome and heartaching for the blockchain users. For example, before exchanging to other cryptocurrencies, Bitcoin or Ethereum cryptocurrencies must be used for exchange, this alone cause frictions in various transactions with outrageous trading fees incurred to each exchange.
The intermediaries rules are too crude and costly for users
Security uncertainty is another set back arising in the cryptomarket, where the safety based on transactions amongst people are not adequately maximized and policies backing the market is not perfectly guaranteed. The crypto community is opened to various risks and threats which affects the security of every user.
Despite of all these minuses, Streamity is at the aim of breaking all barriers for exchanging various crytocurrencies in an efficient way and at a minimal cost with maximum security.
The question then is,
What qualities do Streamity posses that will enable them to be more efficient than other crytocurrencies exchangers?
This is a platform that enables a person-to-person cryptocurrency transaction under the protection of smart contracts in order to avoid risks in trading. Smart contract, which allows credible person-to-person transactions without intermediaries makes Streamity unique from other exchangers. It aims at providing transparency during transactions between people and this so called "transparency" is enabled by Smart Contracts.
It's simply where people can exchange crytocurrencies to any kind of currencies even for Fiat money(no intrinsic value)
The most important element in Streamity is Streamdesk which is the terminator of any possible risk that may occur between a person-to-person transaction. Streamdesk was created by Streamity with the purpose of building untrustworthy transactions due to the fact that it's a direct buying and selling amongst people and remember, no intermediaries are involved. Therefore, the use of smart contract is utilized by Streamdesk in order to avoid fraud among people and ensure adequate security in transactions.
For this smart contracts purpose, streamity have made collaborations with EOS, NEM, CIVIC and IT test
A breakdown illustration of what Streamdesk is all about
I want to buy Ethereum and I found a seller but this so called "seller" wants me to send the money or Fiat before he sends me ethereum cryptocurrencies which is a risk on my side due to possible fraudulent practises. Instead, I persuaded the seller to send Ethereums first. Now, this scenerio is risky on both sides and has cost many users a lot of losses. The answer to this confusion is Streamdesk, where the smart contract is enabled to receive both the ethereum coins and money with the means of Streamdesk which will pay both buyer and sellers with money(or Fiat) and cryptocurrencies based on their initial agreement. This is done to avoid fraud and insecurities found in P2P(person-to-person)transactions.
Streamdesk
There are many visible facts that makes Streamity better than existing solutions, and they are;
With the help of smart contract, fraudulent practises from both parties would be eradicated. With this quality, Streamity is proven to be better than existing solutions.
Any currency is exchangeable to any other currency. No barriers from a-must-intermediary.
Minimum Trading Fees
Local bitcoin is highly costly to exchange cryptocurrencies because of the use of intermediaries like Bitcoin. For example, before I would purchase EOS, I need to use Bitcoin to exchange to other cryptocurrencies. This scenerio in the Local Bitcoin is outrageously expensive, where high charges are attached to every exchange made. But Streamity has a proven to even make some specific transfers without any charges incurred and even when charges are attached, it is way low and convenient.
Fixed Rates
The rates incurred in purchasing cryptocurrencies are fixed in Streamity, where rates are directly ascertained from the main cryptomarket. No fluctuations from hidden factors in Streamity.
Smart contracts is one vital software tool for safety in blockchain transactions.
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Smart contracts is a software that holds both the buyers and sellers responsible for their consensus. It is a software program that digitally keep records of p2p transactions in the blockchain. With such quality, the risk involved in transactions are totally minimized due to a consensus block box(smart contracts) that allows both parties agree without any fraud involved.
Imagine sending money to another account in exchange for another currency, but you never received what you bargained for. Smart contract deals with all those transactions you think are trustworthy, where funds from both persons would be locked in smart contracts until an agreement is reached by both parties. It simply infiltrate every transaction, which makes it safe for both buyers and sellers.
Remember, like I stated earlier of how accomodating Streamity is, it surely will bring in new cryptocurrencies to the market. How?
The aspect of Fiat money
Streamity has lessen the difficulties involved in buying cryptocurrency for Fiat money as a result of their efficient service to users. This alone will encourage a mass adoption of cryptocurrencies.
The Almighty Alpha Version Streamdesk
This version of the Streamdesk service makes speedily transaction and at an easy pace. It's level of convenience which is high is an undeniable fact of how authentic Streamdesk is. This quality will definitely adopt mass cryptocurrency.
The use of Fiat in cryptocurrency market for exchange is too cumbersome and inefficient for users in the blockchain, where new users will definitely be restricted due to Fiat money. But an adoption that lessen the difficulties in exchanging Fiat with other cryptocurrency will definitely bring more people into the blockchain and that is what Streamity posses. How?
Most exchangers don't allow cryptos to be exchanged to Fiat or Fiat to cryptos which has restricted a lot of activities in the blockchain but when Fiat money is accepted, new users can be accommodated in which Streamity with their efficient service has lessen the barriers, where Fiat deposits can be conveniently accepted.
Their extra features
Their amazing bonuses for inviting friends there by earning 3% for every investment they make
Amazing news about their activities and various collaborations. Stay updated!
Their simple and authentic portal
The fair distribution of their STM tokens for cryptocurrency transactions
The Streamdesk team developers.
Advisers and Partners
In conclusions, watch out and remain updated about this fast arising decentralized cryptocurrency exchanger which has assured security, minimal charges and other beneficial services in the crypromarket.
There will also be a live streaming on YouTube on the 24th of Julyclick here
To participate in this contest kindly click here Original works
Also, click to know more about Streamity
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