STREAMITY WILL CHANGE THE WAY P2P TRADING IS DONE IN THE CYTPOCURRENCY MARKET.
Image source: https://streamity.org
Streamity is a multi-functional distributed exchange that provides users with all the features expected from a cryptocurrency. StreamDesk is also a P2P crypotocurrency exchange platform.
Image source: https://streamity.org ; Vladislav kuznetov- The founder of streamity
The CEO and founder of streamity and his team members has a mission of contributing to the development of crypto–community security. Thereby, working towards developing a fair and completely transparent StreamDesk service for fiat currencies without intermediaries.
Image source: google images
Therefore, streamity will change the P2P trading by:
1). Use of smart contracts: The rising price of cryptocurrencies has attracted new investors and this has also increased the number of scammers and fraudsters. Therefore, using smart contract means to protect users from fraud which is common in the market. By so doing, Streamity will change the way P2P trading is done.
Image source: https://streamity.org
2). Minimal commission charges: Also, streamity will change the P2P trading by charging minimal commission charges which ranges from 0% to 2% and also exhibits low market prices of its token (SMT) because a token is been received at a price lower than a price during the launch of the service that gives them significant saving while using the streamity service crypto-investors or using STM tokens as a low-risk component of their investment portfolios.
Image source: https://streamity.org; cryptocurrencies
Will Streamity prompt fiat users to enter the cryptocurrency market?
YES, it will because streamity target audience are the cryptocurrency users and fiat users trading in the centralized cryptocurrency exchanged. Fiat users will enter the cryptocurrency market because of the following reasons:
1). Volatility: denoting that there will be a future hike in price with the limited amount of cryptocurrencies. For example: Only about 21 million bitcoins will ever come into the world and about 80% are mined already and no new ones will appear till after 2040 and scarcity will drive up demand. This is also applicable to SMT, in no time the quantity supplied will be purchased and this causes its scarcity and the price will increase.
Streamity token (SMT) is the internal currency of the streamity project. The number of STM released is 186,000,000 tokens which is limited, target PRA-ICO: 2.8 million USD The STM won’t be issued in the future. The value of one token is 0.2$. Purchase methods are available in BTC, LTC, ETH, ETC,USD, EUR.
Image source : https://streamity.org
2). Streamity strength: Streamity is powerful in the area of cryptocurrencies and block-chain technology, which will include news, ideas, high-quality analysis in one personal account, unique training courses created by experts in various fields’ algorithms and ready-made solutions for trading, user friendly interface, and timely data submission. This will help fiat users to know and learn more about cryptocurrency market
3). Crypto-community freedom: Once fiat users are aware that both fiat and cryptocurrencies are used on this platform then, they enter the cryptocurrency market.
4). Terms of Transaction: Steamity will prompt fiat users because of its safety and favorable terms of transactions and also fiat money security is high and fiat money is transferred between individuals.
5). Commission charges: Streamity’s commission charges ranges from 0% to 2% and also exhibits low market prices of its token.
Also, streamity has a projected plan they will want to achieve in the nearest future.
6). Fair service: Cryptocurrencies value is as close as possible to the current exchange rates. Information on the current value of cryptocurrencies is collected from major cryptocurrency exchanges which is available for everyone.
How will this impact cryptocurrency to fiat conversation for you?
Image source; https://streamity.org
1). Privileges: If I own more than 1250 STM, I will receive a set of privileges and also lower commission on the streamDesk platform.
2). Easily accessible: I can easily access the STM because it’s open for sale on the key crypto exchange.
3). Simplify and convenient: StreamDesk has made it simple and convenient to buy and sell cryptocurrency.
4). Security: Streamity has been designed to be hack-proof as smart contracts secure all my transactions flowing through the platform.
Image source: https://streamity.org
5). Profit: I could also sell STM tokens in the secondary market or use STM token as part of my investment portfolios since, they have low risks.
Image source; google images
How does decentralization benefit P2P trading?
There are two cryptocurrencies which is centralized and decentralized cryptocurrencies.
Centralized is controlled by some government or any company, while decentralized cryptocurrencies has no connection with the government or any company. Trade occurs directly between users through an automated process. The system can be achieved by creating proxy tokens, that is; crypto assets that represents a certain fiat or crypto currency For example, bitcoin.
Image source: google images.
Centralized exchanges are easy to use, easy to access and they provide advanced trading functionalities but they are not the best because they also represent a security risk for you funds.** How the does P2P benefit traders?**
1). Trustless: the funds are held by the users not any central authority, so users are not required to trust any third party.
2)Privacy: Users details are not exposed to anyone, its confidential except the transaction requires a bank medium. Also, users’ documents are not required.
3)No risk of server downtime: All hosting of a decentralized exchanges is distributed through nodes and this simply means that there is no risk of server downtime.
Therefore, streamity is worth investing in because of its vision.
Image source: https://streamity.org
References
https://streamity.org/#streamdesk
https://www.cryptocompare.com/exchanges/guides/what-is-a-decentralized-exchange/
https://www.investopedia.com/articles/forex/091013/future-cryptocurrency.asp
https://www.google.com.ng/search?q=why+should+i+invest+in+cryptocurreny&oq=why+should+i+invest+in+cryptocurreny&aqs=chrome..69i57j0.88417j0j4&client=ms-android-sonymobile&sourceid=chrome-mobile&ie=UTF-8
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@cheetah.. Am wondering why you flagged my post, the things here are original content and anything gotten from streamity.org was referenced.
This is a very nice production, and a great idea.
However, there is one glaring point that has been artfully omitted.
Many, if not all, fiat printers do not want to do business with anyone using cryptos.
These are governments / banksters,
with lots of brainwashed, order-following, thugs with guns,
and the power to shut down and confiscate any bank account they don't like.
So the Big Fat Pink Elephant in the room is......,
how are you going to deliver fiat currencies reliably ??
There is no mention of this, only a vague reference to being
"legitimate" or "legal", and a single mention of "KYC",
with no explanation, which is a very BAD sign.
Or, do you only "accept" fiat for cryptos, but not vise-versa,
in which case, there is already successful competition for your idea.
(but you idea does have some superior qualities even if it doesn't deliver fiat)
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