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DeSream – THE FIRST DECENTRALIZED GLOBAL FINANCIAL ECOSYSTEM FOR STREAMERS

Many old professions disappeared and replaced by a new one: eSports athlete, streamer, blogger etc. The game industry is developing dynamic, and so does streaming services. Today, being a streamer is the full-time work with various sources of income, such as advertisements, subscriptions, platforms promotion and, of course, donations which represent an important part of streamer income.

Generally, gamers who broadcast gameplay on the internet are called streamers. Of course, the main market is games, but there are millions of non-gamers, e.g. musicians, athletes, writers, creators of ASMR, poets etc., who find an audience for their creative content through the internet and streaming. YouTube hosts a myriad of video bloggers, who post videos, broadcast games and competitions, comments, sing, dance, cook and organize lectures. It is important that a broad audience is willing to reward these vloggers for creating interesting content. One viewer from the UAE with the alias «Motar2k» has already paid $ 50,000 to several streamers. Some people may think that those making donations are strange, but thanks to them, we can still believe in this the good in people. In fact, a donation is a form of gratitude, a reward for streamers for their work.

Why do people support streamers? Because they excel at playing a certain game, they deliver interesting and passionate comments at tournaments and championships, they dance, sing, or read books, and sometimes simply because of their exuberant personalities. Only the imagination, the current legislation and the regulations of the platforms used can limit the actions of the streamers, which Essential means there are no boundaries.

what is the destream?

The main aim of project DeStream is to establish a decentralized global platform for the streaming market, which will allow streamers to maximize their productivity, diversify their activities and secure start-up capital.

We are establishing an innovative platform to serve as a new ecosystem for streamers. The use of blockchain technology will allow us to cut transaction fees in half. Due to decentralization, we will exclude payment systems from the process and reduce numerous costs of transactions. Thus, we will improve the quality of content, and streamers will be allowed to focus on creating content, instead of operational activities.

Nowadays, the commission fee for streaming-platforms can reach 10%. Our aim is to reduce this number to 0.77% and thereby increase streamers’ income. A single gateway for accepting any cryptocurrency will simplify the conversion to any available currency.

There will be uniform rules for depositing and withdrawing money, with the same commission rate, regardless of the currency or the way of making deposits. The platform will not set any restrictions.

Smart contracts will ensure the implementation of the terms of transactions. The launch of a system with smart contracts will assure viewers that their donation will, in fact, reach its addressee and that the order accompanied by the donation will be fulfilled by the streamer if this service is available in the service catalog. In turn, the smart contract will focus on the service catalog in the blockchain. This will allow for transparency of procedures since the targeted action, which is expected by the viewer and offered by the streamer, cannot have dual interpretation and its performance will be guaranteed.

The main problem of the streaming system

Weaknesses of the current system.

  1. High-Interest Rates On Payments: Currently, the commission fee for transfers to electronic payment systems, PayPal or bank accounts can reach up to 10%.
  2. It Is Necessary To Support Multiple Payment Gateways In Order To Have Maximum Effect: Viewers who are ready to support streamers financially, are offered various wallets in different payment systems since a viewer from the US might prefer PayPal, whereas a viewer from Russia would opt for Yandex. Money or WebMoney
  3. Many Different Rules And Restrictions: Some systems do not allow withdrawing funds at once, and people are forced to wait 1 to 6 months. There are several restrictions regarding the minimum withdrawal amount, the maximum amount of donations etc.
  4. No Guarantees Of Payments: Unfortunately, there are cases of systems failing to pay streamers, or freezing their funds for various reasons.
  5. Complexity Of Consolidation Of Funds: Funds cannot be used for purchases without converting them to fiat money first, which incurs a commission fee — in some cases twice.
  6. Problems With Chargebacks: Streamers are regularly confronted with the problem of chargebacks from unscrupulous viewers.

THE ABSENCE OF A CLEAR CONTRACTUAL RELATIONSHIP BETWEEN THE VIEWER AND THE STREAMER (THE STREAMING SERVICE DOES NOT ALWAYS REACH THE CUSTOMER)

  • There Is No Single Tool For Designing Personal Mechanisms: All existing services of streaming and fund-raising have only basic tools, and at times streamers have to come up with complicated ways to conduct a simple survey.
  • It Is Almost Impossible For Lower Ranked Streamers To Get Advertising Jobs: Only the top streamers earn money, but there are increasingly popular streamers who could help advertisers reach a wider audience at lower costs.

Destream Is The Solution

GOALS AND OPPORTUNITIES

The main aim of project DeStream is to establish a decentralized global platform for the streaming market, which will allow streamers to maximize their productivity, diversify their activities and secure start-up capital. We are establishing an innovative platform to serve as a new ecosystem for streamers. The use of blockchain technology will allow us to cut transaction fees in half. Due to decentralization, we will exclude payment systems from the process and reduce numerous costs of transactions. Thus, we will improve the quality of content, and streamers will be allowed to focus on creating content, instead of operational activities.

Nowadays, the commission fee for streaming-platforms can reach 10%. Our aim is to reduce this number to 0.77% and thereby increase streamers’ income. A single gateway for accepting any cryptocurrency will simplify the conversion to any available currency. There will be uniform rules for depositing and withdrawing money, with the same commission rate, regardless of the currency or the way of making deposits. The platform will not set any restrictions.

Smart contracts will ensure the implementation of the terms of transactions. The launch of a system with smart contracts will assure viewers that their donation will, in fact, reach its addressee and that the order accompanied by the donation will be fulfilled by the streamer if this service is available in the service catalog. In turn, the smart contract will focus on the service catalog in the blockchain. This will allow for transparency of procedures since the targeted action, which is expected by the viewer and offered by the streamer, cannot have a dual interpretation and its performance will be guaranteed.

Detailed information about ICO

To find out detailed information about destream, please visit the official website via the link below.

Links –
Website: https://destream.io/
Whitepaper: https://destream.io/media/1101/whitepaper_en.pdf

Author Profile –
BountyPlatform Username: cakgendowor@gmail.com
Bitcointalk username: Roro Jonggrang
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1909844

 

 

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