STREAMITY The decentralized cryptocurrency exchange for the blockchain generation
INTRODUCTION
The Digital Economy is growing. The Digital Economy is the economic activity based on digital technologies. The Digital Economy includes the on-line sales of goods and services (e-commerce) as well as the on-line platform and infrastructure for commercial transactions (e-business).
In 2012, the Boston Consulting Group assessed the potential of the Digital Economy of the G20 countries alone at $4.2 trillion (USD). Furthermore, in 2015, Oxford Economics and Accenture’s joint research concluded that by 2020, the Digital Economy will contribute to the global gross domestic product by $1.36 trillion (USD).
On-line purchases are the new norm and new digital goods and services are being offered every day. These developments spur the growth of the Digital Economy.
Currently, the Digital Economy is the primary driver for the world’s economic growth.
The rapid growth of the Digital Economy increased the demand for on-line payments. As such, cryptocurrencies became an increasingly popular solution to meet the requirements of the Digital Economy.
Cryptocurrencies are digital monetary units that operate independently of a central bank and is permission-less to use. Its transaction information, usually stored on a general ledger, is open and available for system participants to view. Furthermore cryptocurrencies generally do not appeal to authorities such as central banks, tax authorities, or judicial systems. This means that, generally, these entities cannot influence transactions of participants in the cryptocurreny payment system. Furthermore, cryptocurrency transfer is irreversible; third-party entities cannot cancel, block, dispute or carry out a transaction unilaterally. Consensus rules and encryption techniques are used to regulate the generation and issuance of cryptocurrencies.
Cryptocurrencies are predominantly obtained by purchasing it from cryptocurrency owners for fiat currency. Usually a digital currency exchange platform is used. Most of these exchanges allow cryptocurrencies to be purchased with fiat currency or other cryptocurrencies. Price quotations can significantly differ based on the platform used.
Most countries lack cryptocurrency legislation. This means that cryptocurrency exchange platforms are not required to obtain money service licenses, and transactions with such exchanges are unregulated. Thus, trading platforms sometimes abuse the trust and confidence of their participants for profit. As this practice is lucrative, there is a surge in emergence of unfair trading platforms.
However, there is defense against such platforms: decentralization. Exchanges should be made directly between interested parties without the use of intermediaries.
At STREAMITY, we believe in decentralization of cryptocurrencies. People should be free to manage their finances without any interference of third parties. The STREAMITY project embodies the idea of honest cryptocurrency exchange between individuals.
The STREAMITY whitepaper outlines our financial and technical aspects of STREAMITY project, as well as our step-by-step plan for development and technology.
WHAT IS STREAMITY?
The STREAMITY project is focused on creating a powerful cryptocurrency exchange that includes a broad range of services. The goal is to ensure users can benefit from the developments in the cryptocurrency market, while mitigating risks arising from cryptocurrency ownership, transfer, and exchange.
The key element of the STREAMITY project is the STREAMDESK aggregator. STREAMDESK ensures exchange of cryptocurrencies for fiat currencies using smart contracts. The STREAMDESK prototype is available on-line and represents our core concept. 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 forprofit manipulation of exchange rates will be impossible. All fees are known in advance and will be transparent.
STREAMDESK provides significant advantages to investors and users. There will be a clear display of relevant market data and its fees, coupled with a fair, transparent, and secure exchange .
Furthermore the STREAMITY service will include news, analysis, educational, and investment resources. All the aforementioned services will provide value-added assistance to investors with regard to their management and accumulation of cryptocurrency funds.
Each STREAMITY service will represent an independent business environment and will generate income from its various digital services.
THE MISSION
Our priority are our users.
Our mission is to contribute to the development of the cryptocurrency community’s security.
We will develop a fair and transparent STREAMDESK service that allows for the exchange of cryptocurrencies for fiat currencies without intermediaries. This will help users save money, and will protect them against fraud through the use of smart contracts.
ICO STRUCTURE
STREAMITY is raising funds to launch its STREAMDESK decentralized application (DAPP): a P2P cryptocurrency exchange platform.
STREAMITY also plans to develop informational, analytical and educational investment resources for STREAMITY.ORG and its services.
Token name. The key element of the STREAMITY ecosystem is the STREAMITY token (STM). STM constitutes the internal currency of the STREAMITY project. This means that payment for all project services will be made in STMs.
Number of tokens. STM will be issued on the Ethereum platform. The number of STM is hard-capped at 186,000,000 tokens
Start exchange rate. The cost of one token is priced at $0.20 (USD). Tokens will be distributed proportionately to investors’ contribution during the ICO, subject to any premiums. The token price of ETH will be fixed an hour before pre-ICO/ICO, based on currency rates provided by the Poloniex exchange. ETH to USD exchange rates will be updated every hour.
PRE ICO parameters:
Soft cap on PRE ICO
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
The ICO will be completed upon selling the aforementioned number of tokens
How to buy tokens.
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: 0.1 ETH
All unsold tokens will remain in reserve with STREAMITY’s project founders.
ADVANTAGES
- The STREAMITY project is a one-stop shop for cryptocurrency services;
- The development of STREAMITY 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.
- Thus, the STM ICO is valuable to the following market participants:
- Crypto investors may profit from selling STM in secondary markets or holding STM as a low-risk asset in their investment portfolios; and
- interested users of STREAMITY’s services can obtain STM at a discounted price.
DISTRIBUTION OF TOKENS
- 25%-STREAMITY team.
- 40% of the STREAMITY team’s share will be held in reserve. This will be used to sustain the development of STREAMDESK service and maintain liquidity within the system.
- 50% of the STREAMITY team’s share will be held for one year, as stipulated by the conditions of smart-contracts. Also this share will be held until the launch of the STREAMDESK mobile application.
- 10% of the STREAMITY team’s share will be paid to staff as gratuities 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
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.
25% of the ICO capital will be held as reserve funds . The reserve funds will help sustain the development of the STREAMDESK service, in addition to maintaining liquidity.
- Acquisition of licenses and permissions across various jurisdictions ;
- Audits; and
- Development and access to new markets .
- 10% of the ICO capital will be used for legal support.
ROAD MAP
THE PROJECT TEAM
For More Information:
Facebook : https://facebook.com/streamity
Twitter: https://twitter.com/streamityorg
website: https://streamity.org/
Telegram https://t.me/streamityChat_en
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