STREAMITY is a Decentralized cryptocurrency exchange

STREAMITY  is a Decentralized cryptocurrency exchange, which started their Journey in 2017.

The STREAMITY project

At the beginning of the project, focused was creating a powerful cryptocurrency exchange with a vast range of services. The major goal is to make sure that the users can get benefit from the developments in the cryptocurrency market, and same time avoiding risk from cryptocurrency ownership, transfer and exchange.

The key element of the STREAMITY project is the STREAMDESK aggregator. StreamDesk is a decentralized application with a distributed database for the exchange of cryptocurrencies for Fiat money. StreamDesk ensures exchange of cryptocurrencies for fiat currencies by using smart contracts(the smart contracts provides maximum protection for the buyers and sellers), which is the StreamDesk prototype, available online and represents the core concept.

In the white paper it has been quoted that “STREAMDESK will ensure the most secure and efficient exchange of cryptocurrencies by aggregating market capitalization and price data from major cryptocurrency exchanges. Thus, cryptocurrency rates will always be bound to its true market rate, and for profit manipulation of exchange rates will be impossible. All fees are known in advance and will be transparent”.

Smartdesk has it’s significant advantages for investors and users which a clear display of market data and its fees including fair, transparent and secure exchange. Also the Streamity include services such as news, analysis, educational, and investment resources. They will also provide value-added assistance to investors’ management and accumulation of cryptocurrency funds. Each and every services will represent business environment, which will get income from various digital services.

Cryptocurrency Market Problems and Solution from STREAMITY

Complicated Process Of Buying/Selling Cryptocurrencies

90% P2P platform use only BTC/ETH for buying/selling, which clients have to pay twice. First fees for exchanging them to BTC/ETH and second fees for exchange for fiat money, which is almost 10% fees they have to pay.

Streamity Solution: Using block chain technology’s smart-contract cryptocurrency seller/buyer can avoid intermediaries and perform transaction directly within few clicks using the convenient interface.

Only a Small Number of Cryptocurrencies is Represented on P2P platforms

According to the whitepaper, Most P2P exchanges accept only BTC and ETH, which prevents the user from quickly creating the desired portfolio of cryptocurrencies.

Streamity Solution: They are offering not only BTC/ETH, but also other currencies to create fast sellr/buyer’s own portfolios of different cryptocurrencies.

High Fees When Exchanging Cryptocurrencies for Fiat Money

As mentioned in the whitepaper users lose up to $2.5 billion daily while exchanging crypto-currency for fiat money.

Streamity Solution: They are offering the commission which is reduced to 0-2%, users will not lose 8% fees for their transaction, which is going to be a great benefit for this exchange.

STREAMITY Token Symbol (STM)

Token name

            The main element of the STREAMITY ecosystem is the STREAMITY TOKEN (STM). In another way all transaction and payments for all services will be made in STMs.

Numbers of Tokens

            On the Ethereum platform STM will be issued and it’s hard-capped at 186,000,000 tokens.

Start exchange rate

            The price is for one STM is equal to $0.20(USD) which will be fixed by ETH price, one hour befor pre-ICO/ICO based on currency rates provided by the Poloniex exchange and the rate will be updated on every hour.

PRE ICO parameters:

            Hard cap on PRE ICO              : $2.8 million USD

            The volume of PRE ICO sale   : 20,000,000 STM

            The volume of ICO sale                      : 110,200,000 STM

How to buy tokens:

STM can be buy using BTC, ETH, LTC, ETC, USD, EUR and STM will be send to user’s account after the second stage of the ICO.

0.1  ETH is the minimum transaction amount.

Unsold tokens will remain is reserve with Stremity’s project founders.

Advantages of STREAMITY:

· This project is a one-stop shop for cryptocurrency services;

· The development of the services, and the influx of new users, will create a strong and steady  demand for STM;

· STM will be available on major cryptocurrency exchanges, allowing users and investors to trade instantly;

· Due to STREAMDESK's convenience, low commissions, and efficient market rates, STREAMDESK allows for economical conversion between fiat currency and STM;

· The manipulation risk of STM rates is minimized due to its reserve fund; and

 · Each user holding more than 1250 STM will receive a set of privileges, including lower commissions on the STREAMDESK platform.

The Project Plan:

According to the white paper the development of the global P2P platform are : acquiring state permissions and licenses to exchange cryptocurrencies, engaging with various unions, and cooperating with traditional payment systems.

The step-by-step project plan of the team has shown below, which has been collected from the whitebook:

·         $0.5 million (USD) - minimum capital required to launch the project.

·       $1.5 million (USD) - P2P exchange service aimed at Asian and European markets.       Development of information and analytical resources.

·     $5 million (USD) - P2P exchange service aimed at Asian, European and US markets.   Development of information and analytical resources.

·     $10 million (USD) - P2P exchange service aimed at Asian, European, US and Latin America markets. Development of information, analytical, educational, and investment resources.

·       $20 million (USD) - P2P exchange service aimed at the world market. Development of information, analytical, educational, and investment resources, translated in 5 to 7 major languages.

Streamity will collaborate with credit card and payment systems which the requirement to develop identification systems, because of the regulations and necessary technical requirements.

Distribution of tokens

25%-STREAMITY team

·    40% of the Streamity team’s share will be kept in reserve which will smooth the development of SteamDesk service and also will maintain the liquidity within the system.

·     50% share will be held for one year for the stipulation  by the conditions of smart-contract and until the launch of the StreamDesk mobile application.

·         10% will be paid to staff as a honor for their accomplished work.

2%-advisors and partners

·      Shares for STREAMITY's advisors and partners will be held for one year, as stipulated by the conditions of smart-contracts

Distribution of raised funds

·    40% of the ICO capital will be used for the main expenditures, such as staff       recruitment, staff payments, and purchase and maintenance of equipment.

·         25% of the ICO capital will be used on active marketing which is a crucial component for a successful exchange.

·     25% of the ICO capital will be stored as reserve funds, which will help the            development of the StreamDesk service, licenses, permissions from various jurisdictions, audits  development and access to new markets.

·       10% of the ICO capital will be held for the expenses for legal support.

Bonus Program

STREAMITY offers special discounts depending on the timeliness of the buyer's entrance when purchasing STM. During the pre-ICO, STM will be discounted by 30%. Afterwards, the ICO will consist of two phases: phase one and two. On the first day of phase one, STM will be discounted by 20%. After the first day, phase one, STM will be discounted by 15%. STM will be discounted by 10% during phase two.

Bounty Program

Development of a high quality product is not the only key success factor. Products must be delivered to intended target audiences, clear and regular communication with customers must be maintained , and the brand must be continuously promoted. These activities will ensure excellence in our service and will allow us to effectively compete against our competitors.

STREAMDESK SERVICE MONETIZATION

- membership fee allows users to exchange cryptocurrencies on our exchange platform free of charge;

- commission will be charged on transactions exceeding the specified package limit; and

- packages offer different sets of benefits (packages are offered at different prices. The more benefits included in the package, the more expensive the package).

For more details go to the website  : https://streamity.org

For the white paper :  https://streamity.org/uploads/docs/en/Whitepaper_Streamity_en.pdf

For the bitcointalk thread  : https://bitcointalk.org/index.php?topic=2519489

For the Bounty : https://bitcointalk.org/index.php?topic=2906478.0