Destream: The First Decentralized Global Financial Ecosystem For All Streamers, Advertisers And Viewers

etherium24 (45)in #ico • 6 years ago

Disclaimer

The details noted here are not financial investment advice. Please do your own research before making investment. Only invest which you can afford to lose.

The Destream project is about creating a global platform which will benefited the streamers all over the world. The team aiming to maximize the productivity of streamers, by creating a stable ecosystem that will give them rewards through their works. By incorporating the blockchain technology fees can be reduced to take advantage of the task done.

Specifically, the project itself isnt a blockchain, but an infrastructure incorporated on blockchain.

One of the main incentives of Deatream Porject is give the streamers a direct connection to individual consumers by using the platform. But consumers will be able to turn the ability to be marketed to, on and off and can get paid in crypto for being advertised.

What are the important factors on reviewing a good project?

Team
Tokenomics ( token metrics )
Concept, Idea, and Product usability
Demand on market
Plan, Roadmap, Timeline

These are the factors that we will discuss about the Destream Project. We can assess if the project has what it takes to compete on the market when they successfully done the ICO. So lets begin now.

Team

This is important when analyzing a crypto project. In reviewing the core team, You should checked their professional account in linkedin. The head of Deastream and some of the team do not appear overly impressive. However, each of them has extensive recent/current history at what you might consider on their previous Company. The github and social sites for their previous company is fairly active, as well. It is clear that their cryptocurrency project is a legit one and visible for everyone.

Here are the links of their Linkedin for everybody's info.

Anar Mekhtiev (Founder and CEO) https://www.linkedin.com/in/mekhtiev-anar/
Tachat Igityan ( Founder and CFO )
https://www.linkedin.com/in/tigityan/
Alexey Khvostenko ( Founder and CTO)
https://www.linkedin.com/in/alexey-khvostenko-1143825/
Rafael Manvelyan ( Founder and COO)
https://www.linkedin.com/in/rafaelmanvelyan/
Rick K Dong ( Korean Business Development Director )
https://www.linkedin.com/in/rick-dong-1469a1148/
Marc Bell ( Business Development Director ) https://www.linkedin.com/in/jmarcbell/
Veronika Golavskaya ( Ecom Partnership Director )
https://www.linkedin.com/in/veronika-golavskaya-83573a25/
Pavel Shynkarenko ( Legal Advisor )
https://www.linkedin.com/in/vspavel/
Dmitry Zorkin ( Head of Community)
https://www.linkedin.com/in/seoserch/
Sander Klaver ( Community Manager ) https://www.facebook.com/sander.klaver.9

*Hope he has a linkedin account so the investors can assess as well his background for being the Community manager.

Alex Wild ( Ciro ) https://www.linkedin.com/in/alexandrie-wild/
Leyla Gazieva ( Cbo ) https://www.linkedin.com/in/leyla-gazieva
Christina Iva ( Cbo ) https://www.linkedin.com/in/christinaeiva/
Kirill Gotovtsev ( Marketing Advisor ) https://www.linkedin.com/in/kirillgotovtsev
Dr. Park Ki Sik ( Management Strategy Advisor )

*Hope he has a linkedin account so the investors can assess as well his background for being the Management Strategy Advisor since we can see how efficient him as an Advisor on the mentioned field.

Igor Frolov ( Gaming Expert )

*Hope he has a linkedin account so the investors can assess as well his background for being included in the team and what he can help in the project.

So far only three of the team doesn't have linekdin accounts which the team should asked them for so the community will know every person behind the project. But all in all they have a great team to work out for this project.

Tokenomics ( token metrics )

This is one of main aspect of every investors should taken into consideration and decision-making in terms of investing in a cryptocurrency project, especially at ICO stages. This determines not potential upscaling but also potential for downside, which must be assessed.

So lets break down what the team plans for their token as follow:

A total of 6, 000, 0000, 000, DST token will be release for their project of which 3, 600, 000, 000 will be available for sale. Based on the target goal, I think soft cap is sufficient enough to handle the project but having a 12million USD hard cap isn't that hard to attain. Since the price of token is 0.006$ which is attracted to investors.

Honestly, 19% to team is pretty good since this is a normal at crypto ICOs. We see ALOT of ICOs with 20% tokens or higher given to the teams. In terms of a vesting or lockup period for team which should be stated for this. But we will just wait since this information has yet to be released.

I like to advise the team that they should aim for a longer period of lockup for team tokens. This incentivize both the team and the investors to contribute and work on the project, it also alleviates the public investor concerns in regards to confidence and commitment to the project by team/advisors. It will increase confidence in the project and therefore likely to be reflected in price.

Concept, Idea, and Product usability

Lots of ICO are being conducted everyday and you can find these projects similar with each concept and objective. Thus increasing competitors on the market. However, we can also use similar competitors to assess potential future marketcap gains that based on the prodcutivity and scalability of the product.

I believe Destream has no competitors yet when they release on market since their purpose isn't to rival the biggest streaming company such as youtube, twitch, mixer and other but to integrate their platform with these firms creating additional revenues and potential collaboration with. Likely they will used the Stratis platform to converge systematically the platform scalabilty. the team believe with this decision will likely increase the liquidity of the project since Stratis project is gaining traction now on market unlike ethereum smart contract which is very congested and loaded with unfortunate conflicts.

Destream will solve the following problems which occur already on other project such as:

HIGH INTEREST RATES ON PAYMENTS

Destream will have a fixed commissions per transaction amounting to 0.77%

FUNDS CONSOLIDATION COMPLEXITIES

Usually many platform have different sequence or token variety using their platform but Destream will plan to utilize only the DST token to process all transactions.

PAYMENT INSECURITY AND CHARGEBACKS

DeStream will create an internal smart contracts to be used on the platform warranting the relationship of all viewers, streamers and advertisers.

LACK OF INSTRUMENTS FOR CONVENIENT STREAMING

Using the destream smart contract, users can able to configure and launch myriads of controllable challenges with distinct rewards and penalties.

NON-EFFICIENT ADVERTISING BUDGETS ALLOCATION

The destream ecosystem will systematically used for advertisers own design and decision on Big data processed.

TOKEN WITHDRAWAL FROM THE ECOSYSTEM

There will be a section of marketplace for streamers and viewers to conduct transactions of goods and services.

All the details of objective and set of solution mentioned aboved are highly explained on their whitepaper. ( https://destream.io/media/1101/whitepaper_en.pdf )

Demand on market

Destream is a project from Estonia. While you might wonder what the relevance is, consider this. Estonia is now booming and becoming leader in crypto adoption. There is a stronger adoption and public positive opinion of crypto in Estonia. Furthermore, Estonia ICOs and cryptocurrency projects have performed remarkably well in the open market and have had plenty of buzz/excitement. Take a look the fabric token project which is now increasing the market cap of their platform.

The MainTelegram group of Destream is now 3.7k members as of this writing and continue to increase as the token sale proceed until September. I believe the market for Destream will continue to grow since the target of the projects are the streamers and advertisers which we knew are keep growing.

Plan, Roadmap, Timeline

Based on the current timeline aand roadmap, the Main token sale still live from August 1 to September 30th with Bonus of 25% and will be decreased to 20% until August 15th and decrease by 5% every 1 week on the month of September. Everyone can register and purchase token here:
https://destream.io/?referralId=adf52557d7994818a3bf8131262f2179#action=bountyreg

Destream will complete the token sale on the 30th of September and development of the platform will continue and exchange listing afterwards.

With this in mind, it is clear that this project is in relatively early phase. Consider that other projects might have great looking roadmaps, but then often fail to follow through as they weren't being realistic. I like the team of Destream due to their simplicity and realistic approach. This could lead to positive trust building in the community.

For more information and latest update of their project you can visit the following links below:

OFFICIAL LINKS:
Official site - https://destream.io

News & Announcements -
https://t.me/destreamann

Bitcointalk - https://bitcointalk.org/index.php?topic=4698321.0

Facebook - https://www.facebook.com/destream/

Twitter - https://twitter.com/destreamproject

Reddit - https://www.reddit.com/r/destream/

Blog - https://medium.com/destream

Github - https://github.com/DeStream-dev

Creator of this article:

https://bitcointalk.org/index.php?action=profile;u=1269701

https://steemit.com/@etherium24