STREAMITY: A TRUSTED DECENTRALIZED CRYPTOCURRENCY EXCHANGE PLATFORM

The cryptocurrency market is growing per minute per second every single day and many individuals are getting more interested in its functionality and are becoming willing to invest in it, however people want a safer and honest platform that would promote more secured crypto exchanges between buyer and seller, this is what Streamity would like to achieve.

I was exposed to the cryptocurrency world mid 2016 by some of my friends and had to learn the basics of how to trade with crypto and at what time is best to hold, store and sell these cryptocurrency, with the few and little experiences I have had with trading, there's need to have uniformity in exchange. There are several trading platforms for Cryptocurrency that accepts local legal tender (commonly dollars) in exchange for cryptocurrencies and one would notice some slight disparities in terms of service rate.

The goal of Streamity is to ensure users can benefit from the developments in the cryptocur-
rency market, while mitigating risks arising from cryptocurrency ownership, transfer, and exchange.

How does Streamity work?

Streamity believes in the decentralization of cryptocurrencies. It is a project that aims to create a powerful cryptocurrency exchange

The most important Streamity service, named StreamDesk, is the service for fiat-crypto transfers between users, it is a decentralized platform based on the smart -contract architecture and the API of payment systems.

Streamity solves the problem of exchanging cryptocurrency for fiat money.
It means that the transfers of the fiat money are conducted directly between users, inside the third-party service, while the cryptocurrency is locked on the smart-contract, and streamity guarantees the security of the transaction by integrating the API of this third-party service into the architecture of the smart-contract.

Transactions on the Streamity platform are strictly official, since Streamity doesn't support the use of fiat money, since the system has being programmed to know whether money has arrived into the account or not and only the signal from the payment system can unlock the smart contract. Therefore making it impossible to "cheat" the system.
All these are all part of the uniqueness of streamity.

MARKET ANALYSIS

Centralized cryptocurrency exchanges are vulnerable to hackers as, by design, there is a single point of failure.
This means that hundreds of millions of dollars are at risk from a single security vulnerability of an exchange.

This is why Streamity works on a decentralized cryptocurrency blockchain because it is safer and more secure since all transactions are performed and recorded on open-sourced ledgers, it is very easy to detect hackers and fraud.

Streamity aims to use it's decentralized cryptocurrency exchange system to make transactions from buyer to seller easier and faster without the interference of a third-party, this in turn improves efficiency.

A decentralized cryptocurrency also helps to lower the interference of government agencies, central banks etc hence the system is a more stable and independent one.

what makes Streamity different from other competitors?

Streamity is the first peer-to-peer platform that uses smart contracts as a tool to protect and secure it's users transaction information.

Smart-contracts provide additional security to the cryptocurrency exchange process, in addition to the verification of users.

It also calculates rates by the average weighted price from major cryptocurrency exchanges.
Thus pegging their exchange rates at "fair market value."

Advantages of Streamity

1. The Streamity project is a one-stop shop for cryptocurrency services;
2. The development of Streamity services, and the influx of new users,
   will create a strong and steady demand for STM;
3. STM will be available on major cryptocurrency exchanges, allowing
   users and investors to trade instantly;
4. Due to STREAMDESK's convenience, low commissions, and efficient market rates, STREAMDESK allows for economical conversion between
   fiat currency and STM
5. The manipulation risk of STM rates is minimized due to its reserve fund

ICO STRUCTURE

The key element of the Streamity ecosystem is the Streamity token (STM). STM constitutes the internal currency of the Streamity project. Simply put the medium of exchange on the Streamity platform would be STM

STM will be issued on the Ethereum platform. The number of STM is hard-capped
at 180,000,000 tokens.

for more information about the ICO PROJECT and bounty campaign please visit the Streamity white paper.

KYC POLICY

Streamity runs a strict know your customer policy by regular verification and update of customers information this is done to reduce the amount of fact accounts or fraudulent accounts.

Cryptocurrency converter

Streamity Cryptocurrency exchanger would be bound to the market section which would give up to date information about the changing Cryptocurrency rates and their present market capitalization this however would rule out "for profit price manipulation."

Here's a brief video done by me on what Streamity is about

Some useful links
Streamity website
Streamity One pager
Streamity white paper
Streamity Youtube
Streamity Facebook
Streamity Twitter
Streamity Medium
Streamity Telegram
Streamity Bitcointalk

note all unsourced images and are gotten from Streamity website.

This is my entry to the @originalworks contest

streamity2018