DESTREAM (ICO Review)-Is the First Decentralized Global Financial Ecosystem for Streamers

bdcoinmarket (25)in #destream • 6 years ago (edited)

They are establishing an innovative platform that will act as an ecosystem for streamers. The use of blockchain technology will allow us to reduce transaction fees by more than twofold. Decentralization will allow us to exclude payment systems from the process and reduce numerous transactions costs. Thus, they will improve the quality of the content and the streamers will be allowed to focus on creation, instead of operational activities. The existing tools allow streamers to raise funds and attract an audience in various ways. However, all these tools and services are independent from each other. Each service allows them to perform strictly defined transactions. Funds are received from different sources with different interest rates, as well as different rules of depositing and withdrawal of funds.

What is destream?

Destream is a project that focuses on establishing a blockchain based global platform that is decentralized for usage in the streaming market.

Website :https://destream.io/
Whitepaper:https://destream.io/WhitePaper.pdf

How DeStream Financial Blockchain for Streamers Works
The platform is a unique structure that offers all streaming services with improved interactivity with the viewers. The platform also provides a financial tool used for donations and the payment of services in the ecosystem. The platform also offers an advertising channel that very effective and contains powerful analytical tools, which allows advertisers to automatically select a streamer for their services. The platform uses smart contract technology to implement the terms of payment. A viewer can be certain that the addressee will get the donations made on the platform. In addition, the streamer will fulfil the accompanying order to the donation, only if the service is made available on the service catalogue on the platform.

DeStream Benefits

Low Transaction Costs
Blockchain technology allows system transactions to be reduced to up to 0.77%, which is two times lower than any other system. There are no restrictions put up by the platform in that there will be equal rules applied for inputs and outputs operations with no regards the type of currency.

Security
The platform’s smart contract regulates the relationship among streamers, advertisers, and viewers thus leading to their protection from a partner failing to meet their obligations in terms of payment.

Free Marketplace
The marketplace forum allows streamers to purchase new equipment and sell their customized merchandise in the system.

Problem they resolve
High interest rates on donations

They ensure fixed 0, 77% commissions per transaction. The blockchain based DeStream platform will take at least 13 times lower donation commissions.

Lack of instruments for convenient donations

By using our smart contract constructors, users will be able to configure and launch myriads of controllable challenges with clearly distributable rewards and penalties.

Funds consolidation complexities

All users of DeStream will need only one wallet and one token (DST) for all transactions.

Non- efficient advertising budgets allocation

Advertisers will be able to make data-driven decisions on ads placements, as the DeStream ecosystem will include an analytical interface based on users’ Big Data.

Payment insecurity and chargebacks

DeStream will launch internal smart contracts to serve as a warranty of clear contractual relationships between viewers, streamers and advertisers.

Token withdrawal from the ecosystem

They will deploy an internal marketplace for streamers and viewers so they can purchase goods and services more conveniently

Scheme of work

Development and technology
DeStream was conceived as a global system for the streaming market with the following qualities:

Scalability
High-speed transaction processing
Flexible support of smart-contracts and oracles
Safety
High availability
They have chosen the Straits platform as a technological and infrastructure partner for their project, which, being at the forefront of technology development, will ensure the proper development and scaling of the project.

During the development of the infrastructure, the smart contracts will be executed in a centralized environment, like Oracles

The scheme of interaction with the blockchain at the primary stages is shown in Figure 2, but on further releases of the platform, and in accordance with the development of the Straits platform, we plan to move as much as possible towards decentralization.

Planned Functionality
Integration plug-in for OBS and other broadcaster software
Mobile apps for viewers
Portal for streamers
Portal for advertisers
Marketplace with products
Smart contract editor

Why do we need an ICO?
Currently, funding for this project is provided by the founders. The prototype of the platform is under development and numerous discussions and consultations on its mechanisms are underway. With the help of the funds collected through the pre-ICO and ICO, they intend to develop the project on a global scale. At the first stage, they will concentrate on markets where the gaming industry and eSports are developed.

The structure and emission of tokens
They will implement some mechanisms of the banking system to leave money inside our economy. They are conﬁdent that this will ensure loyalty to the project, and streamers will not withdraw Tokens in ﬁat overnight, reducing the capitalization of our Tokens. They hedge 20% of the collected funds to secure our crypto Tokens, as well as to quickly transfer Tokens in ﬁat money. This will be a single Token for turnover inside the platform – for exchange and sale through exchanges, or P2P. The goal is to increase the intra-platform turnover of Tokens, which will lead to an increase in the Token’s capitalization.

What can you use DST tokens for?
— To make a donation;

— To pay for the transaction fees on the platform;

— To buy digital goods;

— To receive payment from an advertiser;

— To purchase any goods in the aﬃliate shops;

— To gain access to big data analytics;

— To pay for the services of the platform (marketing, making the streams more attractive, etc.);

— To perform internal P2P operations

Token Sales