605 STEEM + 60 Bonuses ~ Sponsored Writing Contest: Streamity

originalworks (69)in #crypto • 6 years ago (edited)

Welcome to the @OriginalWorks sponsored writing contest!

Status: CLOSED.

Accepted Languages:

English

Start Time: ~11 PM ET, Friday
End Time: ~11 PM ET, Monday

This is a call to all great Steemit writers! Streamity has sponsored another Steemit writing contest!

Please make sure to read the contest topic carefully. Good luck!

Prize Pool Total: 725 STEEM

Prizes: 605 STEEM + 120 STEEM (60 bonuses of 2 STEEM!)

1st Place: 72 STEEM
2nd Place: 58 STEEM
3rd Place: 55 STEEM
4th Place: 47 STEEM
5th Place: 41 STEEM
6th Place: 36 STEEM
7th Place: 32 STEEM
8th Place: 28 STEEM
9th Place: 26 STEEM
10th Place: 24 STEEM
11th Place: 21 STEEM
12th Place: 18 STEEM
13th Place: 16 STEEM
14th Place: 14 STEEM
15th Place: 12 STEEM
16th - 20th: 10 STEEM
21st - 25th: 6 STEEM
26st - 30th: 5 STEEM
31st - 90th: 2 STEEM Bonus

Deadline: 72 Hours

All articles must be submitted within 72 hours of this post to be considered!

Changes in submission rules below

What is Streamity's StreamDesk?

Streamity is a multi-faceted platform that is designed to continue growing with their users.

Streamity's core component is StreamDesk - a P2P exchange that protects both buyer and seller from fraud by utilizing smart contracts to escrow transactions. Streamity is partnering with CIVIC, EOS and NEM to be compatible and effective it processing transactions.

The problem is that those services are not safe or very inviting to new cryptocurrency users.

This is where the StreamDesk platform comes in. StreamDesk uses smart contracts to ensure safe P2P transactions, even with FIAT. The seller's cryptocurrency is blocked within a smart contract. As the fiat is transferred to the seller's account, the smart contract releases the cryptocurrency to the purchaser. The commissions are greatly reduced in comparison to traditional P2P purchase methods while safety is maximized.

Streamity WhitePaper, Page 24

Current P2P Exchange Market

In cryptocurrencies, FIAT based transactions are cumbersome and difficult. Users must either trust a centralized exchange with their money, meet a local to do a cash exchange, or find a website where they find buy and sell orders. All of these create a huge barrier to entry and incur high costs while carrying a high risk.

An example of a competitor in this space is Local Bitcoins. While they connect users, they do not ensure the safety of transactions. There is no level of user reputation or credibility that can beat the trustless attribute of a smart contract powered escrow system.

This is an issue that impacts not only existing cryptousers, but also potential cryptousers who are discouraged by the difficulty of the process. This hurts the entire industry as a whole.

Streamity's StreamDesk

Streamity designed StreamDesk with the aim to create trustless P2P transactions. They do so by creating an escrow system powered by smart contracts that eliminate any risk associated with P2P transactions.

So, if a user wishes to purchase a cryptocurrency, they enter a smart contract with the seller.

As an example, let's say Betty want's to buy Bitcoin from Sally. Sally wants Betty to send the cash first, while Betty wants Sally to send the Bitcoin first. A very common dilemma in any exchange. Instead of hiring a trustworthy third-party to escrow their exchange, they can use StreamDesk and enter into a smart contract. The smart contract will be triggered upon receiving bot the cash as well as the Bitcoin. Once triggered, it will swap the assets and release them to the relevant parties. This way Betty gets her Bitcoin and Sally gets her cash without having taken any risks in between.

Streamity Alpha

Streamity has released the Alpha for StreamDesk.

Check out the StreamDesk Alpha here.

Partnerships

To successfully integrate into the cryptocurrency market, Streamity is pursuing numerous partnerships with blockchains such as EOS and NEM for smart contracts.

For payment systems, Yandex Money and PayPal has already been integrated!

Streamity will continue pursuing partnerships and collaborations to improve the end user experience and bring compatibility to the platform.

Token Sale

The Phase 2 of the crowdsale will start on June 25th. The project has already raised over $4 million to date.

Token Sale Page

The decentralization of a P2P platform means that users are protected from bad trades and unfair deals. Smart contracts allow for trustless trading. The commissions are completely transparent and prices are based on going rates at major exchanges.

Streamity Roadmap

Streamity has a roadmap that outlines its future plans.

With the alpha out, and the second phase of the token sale coming up, they will continue to further develop their offerings as well as polishing the alpha.

Streamity Live YouTube Event

Streamity is going to be doing a live YouTube interview/Q&A!

Streamity Airdrop

Streamity is also doing a Steemit exclusive airdrop!

https://steemit.com/bounty/@bountyworks/streamity-airdrop

Date: June 24th 2018
The stream can be accessed here (Streamity YouTube Channel)

Feel free to come online and ask questions.

For more information watch this short introduction:

More Information & Resources:

Rules & Submission

Write an article about how Streamity will change the P2P exchange industry! How is this better than existing solutions? How does the smart contract system assure safety for both buyer and seller? How will Streamity help mass adoption of cryptocurrency? How does giving people the ability to use FIAT lower the barrier to entry? As always, the topic is fairly open-ended, so be creative!
Feel free to use images and media from their website. You can even make your own video and have it in your submission! Videos have a chance of winning a separate bonus based on quality. Videos should be uploaded to YouTube. DTube or IPFS. Please do not remove the videos, or it might impact future eligibility. Feel free to make a new YouTube account for these. We really wanted to use DTube, but sometimes the videos were not view-able at all. We may change this in again in the future. For the time being please ensure whatever service you choose to use is working.
The article must be at least 250 words in length and it is recommended(not mandatory) that the length is under ~1500 words.
At least 70% of the submission must be original. Using "article spinners", and other word substitution tools is also not permitted.
All copied text must be in quotes.
Please keep discussions relevant to the contest topic. We would like to encourage a good vibe in the comments!
To submit please do the following:

Add the word "streamity2018" (without the quotes) at the very end of your article.
Link this post in your submission.
Post the link to your article as a reply to this post.
Resteem this contest post.

How the winners are decided

The submissions will be passed along to the team at Streamity, and they will decide the best method for picking winners and the winning articles.

More information & recommendations:

Pay attention to spelling and grammar!
Feel free to use informal language such as "I would, etc"
Use information and resources above to learn more about Streamity!
If you copy something, use quotes. This is an @OriginalWorks contest after all :)
Link the company's website: Streamity so that your readers can do research for themselves.
Articles can be edited up until the deadline.

After writing an article, within a few minutes you should get one of these as a response to your article post:

If you don't get one, let me know by adding a quick message after you submit your link as a reply here and it will be done manually. Sometimes it can take some time, so don't worry if it isn't instant! Rest assured, as long as your link is shared as a reply here, everything is double checked at contest close to ensure that all articles are submitted!

60 submissions will get 2 STEEM each. The article must meet the contest conditions such as word length and a level of quality.

Disclaimer: @OriginalWorks makes no claims as to the legitimacy or operating procedures of contest topics. @OriginalWorks does not offer any sort of investment advice. This is a writing contest. @OriginalWorks only guarantees prize payout. The contest topic company may choose to share the winning contest submissions.