Video games are played by billions of people all over the world, as people find it fun, interesting and also play to ease tension. On this same basis, Skilled players otherwise known as streamers make money by show casing their gaming skills online from their large audience. The esports industry has undergone massive growth when it comes to participation and audience. From a whooping 162million audience in the year 2016 to about 194 million in the year 2017 and a proposed growth up to 303 million by the year 2020. The big number in the year 2020 is only understandable and realistic as the growth is more than 30% on a year basis. As the amount of viewers keep increasing it is in the same way that the amount of revenue generated from esports increases as well .About 350 million USD in revenue was generated on the 2016 and on the year 2017, the esport industry saw an exponential growth to about 517million USD. This fact prove to you how big the esports industry is, and how games are important to humans
Though it is visible that the esports industry is going good, but what if I told you that it can do better? Well there are certain problems that even now is restricting the progress of the esports industry and this problems include:-
PROBLEMS
Huge transaction fees are charged to users who use payments system for esports based transaction. This fee can be as high as 10% rate of interest, which is very high .
Currently, because different viewers are viewing from different parts of the world, the payments method offered to them are different associated to what part of the world they come from . To make this payments go through to be able to stream, viewers have pay added charges because they are paying from one payment system to another.
Current streaming platforms are not flexible at all, and they impose rules on their users, rules like a streamer not being able to withdraw all funds at a go. This is just an example of one of the hindrances the platforms puts on its users.
Due to the fact that this streaming platforms run a centralized mode of operation, there are times when they might unfortunately, fail to make payments to owners of funds, or probably freeze their accounts . In such cases there is nothing one can do and it really is painful.
On current platforms payments cannot be made directly and in most cases have to be converted to fait money so it can be spent. It makes the whole process complicated and time consuming . Remember it will also result in added charges.
Traditional Esports(streaming) platforms are not transparent enough, it therefore reduce trust be trust between the users and the platform.
The issues started above can be generally said to be in existence because of the centralized pattern of operation current streaming or esport platforms operate with. To put a stop to this issues and allow esports fly high without limits, Destream came into existence .
SOLUTION
WHAT IS DESTREAM?
Destream is a blockchain based platform that aims to decentralize the global streaming industry. Through the creation of destream personal blockchain this revolution is very possible . Blockchain technology has proven over the years that when it comes to decentralization, it is the best method of payment. For this reason the destream platform decided to imbibe blockchain technology in the esports industry .
BENEFITS OF DESTREAMS DECENTRALIZED STREAMING(ESPORTS) ECOSYSTEM
A platform where viewers, streamers and advertisers can only meet up and work with each other
Reduce transaction cost or charges when it comes to esports based transaction
Get rid of the multiple payments system which is cumbersome and time consuming, and leaves its worldwide users with a general wallet for sending and receiving payments
The Destream platform will have its own blockchain which means the platform boasts of transparency . Transparency will lead to trust between the users and the platform .
The destream platform conducted an ico and already has lots of audience which means the platform will grow rapidly .
Smart contract technology is also put in place to help better the platform and run operations
Payments and transactions are swift and rapid through destream tokens (DST)
DESTREAM TOKEN
This is the token peculiar to the destream platform, it can be used in several operations which include
Donation making
Purchases of digital materials
As a payment method to receive payment from advertisers as a streamer
To make payments on the platform
For more information about the prestigious project and its platform do visit ;
Writers information
Writer's bountyplatform email :- [email protected]
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