DESTREAM - The First Decentralized Global Financial Ecosystem For Streamers

In our world today, cryptocurrency has become a global phenomenon known to most people. But still many people do not understand what is cryptocurrency. Banks, governments, and many companies are aware of the importance of cryptocurrency. By 2016, you will find it difficult to find large banks, large accounting firms, leading software companies or governments that do not research cryptocurrency, publish papers on it or start what is called a blockchain project. The rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is DESTREAM

The Global trend of financial eco-system has evolved to a stage where blockchain technology has taken penultimate position as the driving force. The current scenario of emerging innovate technology such as blockchain technology, advancement in fintech, efficient, fast, secured, reliable and low-cost fund transfer as well as the utilization of cryptocurrency by the masses. It is just in time for financial industry to embrace the wave of change as the way forward. Many cryptocurrencies have been launched in the market but i will be introducing you to a visionary project that comes to life in the form of ICO's which is DeStream project and they are developing a decentralized financial ecosystem for the streaming market.

ABOUT DESTREAM

The DeStream platform was created as an infrastructure project that would simplify the process of creating content, interacting with viewers and financial transactions and it will become an integral part of the market. The aim of the DeStream platform is to make the lives of streamers, viewers, and business easier with the help of the new innovative global ecosystem. The platform is even transforming this segment of the economy and taking it to a new stage of development. The possibilities of DeStream are endless. DeStream is an ecosystem that provides enormous opportunities for integration of streaming platforms, their development, and the extension of their functionality, which can almost completely provide the day-to-day professional needs of the streamer, including quick profit. To further summarize this, the DeStream platform is a superstructure over existing streaming services, adding new interactivity with viewers and a financial tool for donating and paying for services inside the ecosystem.

DeStream is an ecosystem that provides enormous opportunities for integration of streaming platforms, their development, and the extension of their functionality, which can almost completely provide the day-to-day professional needs of the streamer, including quick profit. To further summarize this, the DeStream platform is a superstructure over existing streaming services, adding new interactivity with viewers and a financial tool for donating and paying for services inside the ecosystem.

DeStream was conceived as a global system for the streaming market using the DST token. Destream has the following qualities - Scalability; High-speed transaction processing; Flexible support of smart-contracts and oracles; Safety; High availability. The utility of the DST token will be in these areas – for donations; To pay the platform Commission for executing transactions; buy digital goods; a reward from advertisers; To purchase goods in authorized affiliate shops; To gain access to big data analytics; To pay for the services of the platform (marketing, making the streams more attractive, etc.); and To perform internal P2P operations. The platform will actively support young and forward-looking Streamers. All streamers, regardless of the kind of activities, will benefit from the use of the platform. The platform will implement a range of tools for the interaction of the streamer with his viewers, developed with the help of professional streamers, visionaries, and psychologists. Streamers will be able to perform various activities to maintain viewers’ interest and increase funds.

The main goal of the DeStream project is to build a decentralized global platform for streaming markets that will enable to maximize ribbon productivity, diversify their activities and secure start-up capital.

They are building an innovative platform that will become an ecosystem for streamers. The use of blockchain technology will allow to reduce transaction costs by more than doubling. Due to decentralization, they will exclude payment systems from the process and reduce much transaction costs. As such, they will improve the quality of the content and the streamer will be allowed to focus on the creation, not the operational activities

The many problems creators in the streaming industry are exactly what DeStream seeks to address with its platform. DeStream intends to create a hub which would allow the donors to continue paying in any format convenient – meaning currency, payment system and jurisdiction, while streamers receive all the proceeds in a unified format (internal DST tokens) on a unified wallet, same for all platforms the streamer operated and all transaction he or she receives;

Consolidated accrued funds are free to be withdrawn into fiat, sold for other crypto currency, or spent for goods and services available from DeStream partner.

PROBLEMS DESTREAM AIMS TO SOLVE

Many of those centralized solutions are faced with problems, and due to the young age of the sector, there hasn’t been much time for competition to develop. Patreon and Flattr take more than 10% away from each creator’s donations in fees and processing.

YouTube’s and Twitch’s in-house solutions also charge hefty fees and more-over lack worldwide availability. Some creators have thought of turning to cryptocurrency, but the issue with this aside of adoption lies in the fact that a subscription-based model with crypto hasn’t proved hard to develop.

SOLUTION PROVIDED

The project ‘s ideology presented in 2 or maybe 3 phrases can be as follows: DeStream intends to produce a hub which would allow the donors to keep spending in any format convenient — meaning currency, payment system and jurisdiction, while streamers receive all of the proceeds in a unified format (internal DST tokens) on a unified wallet, same for those platforms the streamer operated and all transaction he or perhaps she receives;
Consolidated accrued funds are actually no cost to be withdrawn into fiat, sold for other cryptocurrency, or even spent for goods and services offered from DeStream partners; DeStream names digital goods, food and consumer electronics as a result, and I cannot resist this urge and picture several gamers’ existence becoming completely self-sufficient in the DeStream platform: tokens to pay for downloading music and movies, cola and pizza along with a brand new video card. Not much need adding: rent and communal services, along with a little number of home stuff as toilet paper);
Donors will be presented with a number of ways to aggregate funds distribution channels: in a single move, a set of streamers might be paid selected by traffic, audience and cost criteria. This may be helpful for advertising specialists that place packet orders in gaming.

SCHEME OF WORK

ADVANTAGES OF DESTREAM PLATFORM

Artificial intelligence, which is the basis of Destream, has justified itself and provided its users with the opportunity to work on several tasks at once through patented algorithms. Designers meet the latest requirements in the field of advertising and are constantly updated by the creators.

Work on the platform is carried out through a multicurrency wallet, where both cryptocurrencies and fiat money are accepted as payment and exchanged at a favorable rate into DST platform tokens.

Destream platform is also beneficial for advertisers. With its help, an advertiser will be able to analyze the profitability of advertising, the effectiveness of its content and the level of return from its placement.

The platform is developed with the use of smart contracts and guarantees the transparency of all transactions, the security of their performance and a low commission.

Destream platform token is used to purchase digital goods and services between a customer and a streamer, and to pay for additional functions on the platform.

DeStream platform guarantees a fixed transaction fee of 0.77% of a transaction amount. To date, no payment service is working under these conditions.

TOKEN AND ICO DETAILS

Symbol: DST

Platform: Ethereum (for ICO), Stratis (for the platform)

Total Supply: 1,000,000,000 (1 billion)

CROWDSALE INFO:

Private round until July 15th

Stratis Crowdsale July 15th - August 1st

Crowdsale August 1st - September 30th

Soft cap $5,500,000

Hard cap at $12,000,000

Target cap aimed at $9,000,000