Streamity is Building a Decentralized Cryptocurrency Exchange with P2P Services
Bitcoin Press Release: Despite regulatory uncertainty around cryptocurrencies, interest in digital assets is steadily increasing and Streamity aims to deliver a robust, decentralized crypto exchange which caters to the needs of traders and investors.
The recent crypto boom has led to mass demand for both trading and exchanging virtual currencies, but the crypto community faces several challenges. While numerous crypto exchanges are offering their services, the pitfalls of centralized systems plus the often unfair trading fees, arbitrary rules and security threats add considerable risk for users.
Streamity is developing a decentralized cryptocurrency exchange to protect crypto community members from these risks and provide all users a safe ecosystem. As we recently explained, decentralized exchanges enable peer-to-peer (P2P) crypto trading by promoting trustless transactions conducted without any third-party participation.
The key element of the Streamity project is StreamDesk – a decentralized blockchain-based application that will allow users to convert virtual currencies into fiat money without any intermediaries. It will also ensure phased exchange of most cryptocurrencies that are traded in the market.
Being a P2P platform, StreamDesk facilitates direct transactions between individuals, while its security is guaranteed due to a KYC policy and that use of smart contracts. As a result, there is full transparency of the money transfers between the parties.
The platform aims to provide everyone with safe and fair terms of transactions with minimum or no commissions (from 0 to 2%). All fees will be known in advance, and there will be no hidden commissions.
In this way, StreamDesk emerges as a unique service that maximizes the possible benefits of the crypto space while minimizing the risks and pitfalls usually associated with it.
The internal currency of the ecosystem is an ERC-20 compliant Streamity token (STM), which will be used as a means of payment for all the services offered by the project. Besides, STM tokens will be openly traded on all major crypto exchanges.
Streamity ICO details
The team behind the project has already closed the pre-ICO sale round and is now getting ready for the ICO, which will be carried out in two phases. Phase 1 starts on March 12 and ends on March 25, 2018. During the first day of phase 1 of the ICO, 20% bonus will be offered to participants, and from the second day to the fourteenth day of the ICO a 15% bonus will be offered to all participants buying STM tokens.
Phase 2 of the crowdsale begins on April 16 and will be live until April 29, 2018.
The ICO exchange rate for 1 STM is set at $0.20. The total supply of STM tokens is limited to 186 million, with 70% (110.2 million) available for sale. All unsold tokens will remain reserved with the Streamity project, and none will be issued after the sale.
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