Streamity is a new project that is developing a decentralized
cryptocurrency exchange for peer to peer use. Something called
StreamDesk is a key aspect of the Streamity project. StreamDesk is an
aggregator to make sure that traditional currencies can be exchanged
without an intermediary by using smart contracts. StreamDesk is also
responsible for the exchanges between different cryptocurrencies.
Efficiency and security are two of the most important aspects of the
exchange. An interesting feature is that the rate of exchange is tied to
the values that are collected from other exchanges. This allows for a
fair market price of the cryptocurrency being traded. Other services
that are going to be provided by Streamity are investment and
educational resources, analysis, and news.
With the
rapid growth of cryptocurrency demand, there is much room for additional
currency exchanges and products. As the public becomes more comfortable
with these products, demand will increase even more. Streamity is well
positioned to provide great services in this sector. By adding the use
of smart contracts to the process of exchange, security is greatly
improved.
There
is also going to be a Streamity token with the symbol STM. This token
will be used to pay for Streamity services and fees. Anyone who has more
than 1250 STM tokens will get privileges like lower commissions when
trading on the platform.
To start
using the platform, first a request is created. Information such as
payment method and wallet number are included in this. The open request
can then be accepted by another user and the status becomes pending. The
creator of the request then needs to confirm the transaction again, and
the sale does not occur until the seller has notice that their account
was credited with the money. This process is all handled with a smart
contract. Read more about Streamity and their new platform using the
links provided below.
https://bitcointalk.org/index.php?action=profile;u=1726043;sa=summary
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