STREAMITY — Decentralizing Cryptocurrency Exchange

The time of the digital economy is now. Digital economy is growing. We are getting more and more used to acquiring goods and services online. I literally just ordered a pair of sneakers from my phone, Set to arrive at my doorstep in 3 –5 working days. Such is the norm nowadays. The digital economy is taking over. What can you not buy online? Fast Food? Clothes? Electronics?, you name it. Whether you’re purchasing goods and services online (e-commerce) or using an online platform and infrastructure for commercial transactions (e-business), you’re engaging in the digital economy. Currently, the Digital Economy is the primary driver for the world’s economic growth.

Because of the increasing popularity and normalization of the digital economy, it became quite necessary to have decentralized common currencies to use across the world, which are not governed by any particular government or central bank, not subject to any tax authorities, or more importantly, judicial systems, and hence cryptocurrencies have seen a massive increase in popularity within the digital economy because of the decentralized nature of the blockchain on which they are built.But then, converting fiat currency to cryptocurrency, or from one crypto to another, has still not been properly optimized. The existing exchange platforms sometimes operate with significantly varied price quotations, making one wonder if the prices are even real, and in countries like mine, where there is no form of cryptocurrency legislation whatsoever, it is left at the sole discretion of these exchanges to abuse the trust of their customers however they like, to acquire profit. For example, whenever I intend to buy some coins, I have to convert my Nigerian Naira into USD first, with any of the fluctuant rates at the FOREX, then buy Bitcoins, then convert the Bitcoins to the desired cryptocurrency of my choice through one of the exchanges. Admittedly, I’ve lost some money and a lot of time in the process.

Like every other great solution to any problem, the solution to the problems faced with these exchanges is very obvious. Decentralization. And that is what streamity is all about.

Streamity is a project that is focused on creating a cryptocurrency exchange that includes a broad range of services allowing users to benefit from the full range of positive developments in the cryptocurrency world, while reducing the risks taken and the losses incurred in the process of ownership, transfer and exchange of currencies.The underlying platform of the streamity exchange is the STREAMDESK aggregator which will ensure that the exchanges are carried out using smart contracts, and the rates will be acquired from market capitalization and aggregating data from major cryptocurrency exchanges. This will make it impossible for anyone to tweak the system in order to acquire gains from unsuspecting customers. Because the decentralized nature and the transparency of the system, all the rates and fees will be known in advance by each party involved in the exchange. The removal of intermediaries from the system will help users save money, and will protect them against fraud from dubious elements in the market, through the use of smart contracts.

Streamdesk will also provide users and investors with relevant market data which they will then use to participate k the fair and transparent exchanges that they think may be beneficial to them. The service will also include news, analysis, educational, and investment resources all of Which will help the user in reaching an informed decision, before participating in the exchange.

Why should you choose STREAMITY?
You may be thinking, yes, but there are other credible p2p exchange platforms so why should you choose STREAMITY?.. Well I'm going to convince you with these arguments. Comparing streamity with each of its peers on different criteria;

Local Bitcoins: matches interested parties in an area, but only exchanges bitcoins, rates are set by the users, and the transactions are not secured.

Changelly does not allow for conversion of Bitcoins into fiat currency and the security technology is neither decentralized nor transparent

Qvolta allows for only Bitcoin and Erthereum exchanges till date and development is still in progress as it was created last year in 2017. It is unclear how smart contracts will be used in the program, and there Is lack of technical description of the process even in thier official whitepapers.

Streamity, as explained earlier has conquered each these faults. The transactions are fully secured and transparent, the rates are standardized, smart contracts will be used to ensure the security of transactions and multiple cryptocurrencies will be featured on the platform.

The key element of the ecosystem is the STREAMITY token (STM) which will be the internal currency of the STREAMITY project. This means that payment for all project services will be made in STMs. It can also be kept as an asset like all other cryptocurrencies. It is an Erthereum based token and the initial exchange rate is at 0.2$.You can purchase these tokens early in the Initial Coin Offering. STM are available for sale for BTC, LTC ETH, ETC, USD, EUR. STM will be transfered to users' accounts after the second stage of the ICO. The minimum transaction amount in ETH is 0.1ETH.

Visit the website at: http://www.streamity.org/

Read the Whitepaper :https://streamity.org/uploads/docs/en/Whitepaper_Streamity_en.pdf

My BTT:https://bitcointalk.org/index.php?action=profile;u=367891