Since March 2017, total market capitalisation of the cryptocurrency market grew almost 2,000%, from $23.8 billion to $454 billion. According to Coinmarketcap, the daily trading volume currently exceeds $18 billion and this is far from being a record-breaking figure.

The trade in crypto assets is quickly developing but while the main idea of cryptocurrencies is decentralisation, the centralised crypto exchanges continue to play the main role in the market. However, their representatives also understand the importance of implementing decentralised platforms.

In the middle of February, the Hong Kong-based Bitfinex exchange announced its plans to launch the decentralised EOSfinex platform. According to Jan Ludovicus van der Velde, the CEO of Bitfinex, such projects “represent fundamentally transformative capabilities for the blockchain industry.” Development of optimised decentralised exchanges based on p2p services is one of the most up-to-the-minute sectors of cryptoindustry. A similar crypto-to-fiat exchange platform is currently planned by the Streamity project team, whose StreamDesk service will probably become the first decentralised p2p platform based on smart contracts. The exchange will be instantaneous, and the prices will be calculated by a special system collecting information from principal cryptocurrency exchanges.

esssThe StreamDesk decentralised app will offer the users:

  • a р2р platform where the users will be able to find each other;
  • security and transparency protected by smart contracts;
  • a just price calculated based on the average prices of leading crypto exchanges;
  • and a package of additional functions and services.

Two different scenarios are planned to be launched for the exchange of the cryptocurrency for fiat money: based on the automatic response of the payment system and based on the KYC (know-your-customer) procedure. To make the first scenario work, StreamDesk will have to be integrated with other payment systems. Currently, the negotiations are in progress with QIWI, OkPay and AdvancedCash. The system will use OAuth, an open authorisation protocol making it possible to grant a third party a limited access to the protected user information without the transfer of login and password. Within the framework of the KYC procedure, SteamDesk will identify the customers and verify their information to guarantee a necessary level of security.

The exchange platform will become the main but not the only part of the Streamity project. The projects of the team include launching an analytics portal helping the investors find their way in the world of the cryptocurrency trade. They plan to regularly update the website with news, expectations of the experts, ICO reviews with comments and recommendations. Besides, the Streamity Education Centre will be launched.

The Streamity Token (STM) issued on the Ethereum platform will become the key element of the entire ecosystem. The token will be used as the means of payment in all the services of the project. The total number of tokens issued is 186 million. The initial price of one token is $0.2. On the pre-sale stage, $2.8 million tokens have already been collected.

At present, the tokens can be bought for either the fiat money (USD, EUR) or cryptocurrencies (BTC, LTC, ETH, ETC). The participants of the ICO will get 70% of tokens, 25% of tokens will be distributed to the project team, 3% are destined for the bonus programme and 2% are reserved for advisors and partners. 40% of the team share are planned to be transferred to the safety fund for the project development and to support the liquidity inside the system. The bonus programme designed for ICO participants will offer price reductions of up to 30%. The funds raised through the ICO will mainly be spent on purchasing licences, developing and maintaining services, team recruitment and marketing.

The launch of StreamDesk is scheduled for the first quarter of 2018. A full-scale version with its own payment system, cryptocurrency converter and mobile versions for iOS and Android will start operating in the fourth quarter of 2019. The service will provide revenue through membership fees giving right to the free exchange of cryptocurrencies, through commission fees on transactions exceeding a certain threshold and through the sales of privileged packages. For instance, the Gold Package sold for $50 will allow monthly exchange of up to $10,000 value of cryptocurrencies for free. A fee of 1% will be perceived for any operation exceeding the limit.

See all the details on the project website:

White paper: