Sep 29, 2018 at 10:28 // News

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There are many ways to buy or exchange cryptocurrency for fiat money: exchange services, crypto exchanges, as well as exchanges through private individuals. Unprotected transactions and high commissions are the first thing that digital gold owners can face, as well as people who are just making their first steps into the cryptocurrency world.

StreamDesk is a service from the STREAMITY team that allows you to avoid all these problems with buying or exchanging crypto. Such a possibility is provided by the complete decentralization of the service, where the security of operations is guaranteed by smart contracts. Ergonomic application allows you to make a transaction, forgetting about scammers, high commissions and long expectations just in a few clicks.

Every day STREAMITY developers add new functions of the StreamDesk service and optimize the previous ones. Quite recently a major update came out in which developers provided users with the opportunity to purchase or exchange cryptocurrencies such as NEO and GAS. For this, the team made its own NEO smart contract that considers all the functional and non-functional requirements. The smart contract has the functions of storing the status of transactions, as well as blocking the token at its address in the NEO network. The structure of transactions has the status of buyer, seller and commission, with the ability to lock tokens until you need to transfer them to the buyer's address or in case of cancellation to the address of the seller.

More information about the NEO smart contract from the STREAMITY team you can find in the Github service.

Also, STREAMITY plans to launch innovative trading of Bitcoin. It is known that the auctions will occur automatically, with the help of the depositing, decentralized and under the management of the Ethereum smart contract (without access to third-party services). The exchange will occur according to the following scenario: the buyer creates an order for the purchase or sale of bitcoin, after which the temporary BTC wallet is created, and all information about the application is sent to the smart contract of the ethereum system, because the bitcoin network does not support this function. After that, the selling or buying side receives all the necessary information about the transaction and meet all the necessary conditions. The operation will be considered completed only after all the terms of the transaction have been met. This method will prevent all the fraudulent actions. And thanks to the usability of the service, this operation can be done in a few seconds.

And some other important information: on September 30, STM token will already be listed on the first Mercatox exchange. And we still continue negotiating with other exchanges where we plan to gradually add STM token and to enter the new markets.

Follow the updates of the STREAMITY project on the official website https://streamity.org

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