DeStream Decentralized Blockchain Streaming Platform Reduces Commission Fees
DeStream, A Decentralized Platform To Reduce Streaming Commission Fees
There is a new platform that was created to help streamers all over the world, its name is DeStream. This platform was developed with the sole issue of letting streamers keep more of their earnings by being a part of a blockchain-driven ecosystem that will help them to receive donations without having to pay huge fees to receive their money.
According to the startup, the esports market is growing a lot in recent years and audiences are growing in services like Twitch and YouTube. However, even if this industry is increasing about 10 percent a quarter, there are still some problems which are far away from being solved at the moment.
One of these issues, according to the company, is that a lot of the money being donated to the streamers by their fans is lost due to high fees and this is the main challenge that the company is tacking on.
The ecosystem will start by being implemented in many popular streaming services such as Twitch, Youtube and other not so well-known ones as Mixer and afreecaTV. It is the belief of DeStream that these integrations will help to increase the initial price of the DST tokens and will make them be widely used among streamers, which can be a solid foundation for the project to thrive.
As many ICOs were simply not successful even after being funded, the company is aware of the pitfalls and the problems that may appear along the way. However, it believes that by offering low fees of 0.77 percent by transaction only, the company will surely be able to offer a high quality service for the streamers at the same time that it keeps business afloat.
However, the company affirms that it does not have any plans to actually create its own streaming platform, only connect and integrate its services to existing ones. Why? Because there are already good platforms, so what the market is really needing at the moment is something different, which is just what the company is focusing on.
This way, DeStream will make it easier for content creators to access their revenues without having to pay exorbitant fees. The company will also enable advertisers to launch campaigns with the most well-known stars of the market and to use big data to ensure that promotions will really reach the people that they need to.
Focusing On Content
One of the main goals of DeStream is to let the content creators focus on content as this will help them to reduce the distractions that they have when starting a viable career in the area.
Streamers will also have the option to use many smart contract templates to implement their ideas, which can also help them to save a lot of time and do what they do best: create content. Fans will have higher levels of engagement with their idols this way and the idols will have more money. This way, both sides end up winning.
Some features offered by the company will be live voting in options using tokens, which will turn passive viewers into active ones and will also offer an internal marketplace in which fans can purchase goods.
According to the company, the DST token will be the heart of the platform and will be used to offer a lot of options for everybody. They can let the viewers vote or make donations to their favorite streamers, which will reward them for the engagement.
Another important aspect is that the company is aiming to make the process of withdrawing funds easy for the streamers and they will be able to spend their money with debit cards and to withdraw them as cash from ATMs easily.
Finally, the company is also focused on creating a nonprofit organization which will be named Worldwide Streamers Association. The platform will be used to further develop this specific niche industry and to allow professionals to connect with each other and to share their experiences while training others, which will certainly help business to thrive.
The Future Of DeStream
The company already has its token sale going on right now and it will continue until September 30. It has also released a road map that unveils the most important priorities of the company in the near future. For instance, the company will run an alpha version of the platform in the first half of 2019. After that, it will launch the beta version and have the DeStream Festival, an upcoming annual event.
Anar Mekhtiev is the co-founder and CEO of DeStream. He has more than 15 years of experience in software development and has taught courses focused on the blockchain technology before. Another co-founder and CFO is Tachat Igityan, which was chosen as one of the 50 most influential people in web development by Tagline.