Breaking Barriers

Have you ever tried to recruit a friend or acquaintance into the world of blockchain? If there's anything more difficult to explain for the first time than the concept of a decentralized immutable ledger, it's the process in which one can convert between fiat and the projects that sound the most promising to a new user. The technology itself is world changing and new, so explaining that concept to someone that is not familiar with it is a little difficult, but it has a use case you can pitch so it's completely doable. When it gets time to explain to them how they can buy and sell cryptos, you might meet some resistance. This is why Streamity is breaking that barrier and opening up a whole world of new opportunity!

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Issues with fiat/crypto trading

When I first started acquiring cryptocurrency, I was the pioneer in my group. I did some research and finally decided to purchase my first cryptocurrency. In the following months, I would cautiously acquire very small amounts of Bitcoin, Ethereum, and Litecoin from Coinbase. From what I could tell, this was the only "safe" route I had into the market. Safe in quotes because as secure as an established firm like Coinbase is, it's still an exchange which means I didn't own my private keys. As I learned about other projects, I felt bombarded with information, not only about the projects themselves, but also the exchanges in which they were traded. I felt nervous signing up for all these new exchanges just to expand into other currencies. After some time, I've gotten to a point where I regularly am buying and selling cryptos. The one thing that I don't bother doing but would love to, is trading back and forth between crypto and fiat. I sometimes try my hand at analyzing the market and making intelligent buying/selling decisions. Unfortunately, I usually settle for trading into the crypto that I think will take a smaller hit during dips and back into the ones I expect to grow after a dip is complete. Either that, or I'll trade for Tether, but Tether has always made me nervous. I always have a feeling that Tether is going to turn out to be a fraud and I'll lose any money sitting in tether, so I try to get my money in and out of Tether quickly. I'd rather trade directly for fiat currency, but I simply don't have a efficient method of doing so.

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A new gateway

This is where Streamity comes in. Streamity offers the ability for users to buy and sell multiple cryptocurrencies in a peer-to-peer market. This means that I would finally be able to sell my Bitcoin when I think there is an impending dip, and buy more Bitcoin when I feel it's about to bounce back up. In addition, I'm taking the middleman out of the equation (isn't that what blockchain is all about?) and relieving myself of transaction based fees. With Streamity, I can pay a monthly fee based on the tier that best matches my trading volume, and then I can make as many crypto to fiat (or fiat to crypto) trades as I need. With the simplicity of a system such as this, I can finally recruit some friends that are skeptical of the new blockchain technologies and give them a useful and easy to use experience. I can send them a few STM tokens to their newly created account and pay their first few months of fees to let them give it a shot. I can directly impact the adoption of my favorite blockchain projects by easily integrating my friends into the market. When people realize they can get their friends easily on-boarded into this market, they might also see their friends bring new users into the platform. Technology like blockchain is great, but when some sort of catalyst is in place to make adoption easier it's not uncommon to see massive growth in the market.

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Streamity and their public interface, StreamDesk, offer many advantages to their users. The graphic below presents some of those benefits quite concisely. One of the biggest factors are the use of smart contracts to build a trust-less system for P2P trading. In addition, the fee structure and fixed rates of cryptocurrencies pegged to the market as a whole create a fair and user-friendly system for buyers and sellers. In order to use Streamity, users simply need to pay a reasonable monthly fee using their STM token. Different tiers support different trade volumes, but for a beginner to start using the platform the very basic membership is only $1 per month. Without Streamity, it might be hard to get someone to try cryptocurrencies. There's a bit of a feeling that it's difficult to manage crypto to fiat relations in the current scheme, and rightfully so. Streamity can offer a user-friendly way to simplify this relationship so you can finally get your friend to check out your favorite blockchain project.

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Check out the Streamity website to participate in the ICO. Also, read the whitepaper for more technical information. You can also follow the project on YouTube, Facebook, Medium, Twitter, Telegram, and BitcoinTalk. The crowdsale was done in 2 parts, the first is already complete, the second is open now. Check out this video for a look at how StreamDesk will change the cryptosphere!

This is a submission to an @originalworks writing contest.

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