With #Streamity , users can buy, sell, and trade any cryptocurrency through their #decentralized #exchange , #StreamDesk . All #trades are carried out through the use of smart contracts, which provide trustless, peer-to-peer #transactions that protect participants from fraud. Users can place a buy or sell order on any #cryptocurrency offered, which will lock the relevant funds within the contract. When another users agrees to fill the other end of the order, they, too, will send their funds to the contract. Once the smart contract receives both users’ funds, it automatically returns the desired currency for both parties.
Additionally, users can also buy and sell cryptocurrencies for fiat, through the use of any payment gateway desired by the user. Like crypto-to-crypto trades, both parties agree on the price and method of payment, and the smart contract ensures that both users participate correctly and non-maliciously.
Beyond smart contracts, StreamDesk participants will be protected through Know Your Customer (KYC) compliant environment. In order to interact with StreamDesk, all users must first provided proper identification documents, which will link the users to their person, which further prohibits bad actors from taking advantage of users.
Beyond the exchange, Streamity plans to fund a series of educational and investment resources for its users. A current complaint of decentralized exchanges is the lack of a user friendly interface- many potential users are afraid or unwilling to participate due to the complex and even cryptic mechanisms in place. With these resources, new or inexperienced users will have a comprehensive set of learning materials to understand the nature of the exchange completely.