DeStream FAQ
Many of our project website visitors are posing near identical questions. We have prepared a comprehensive FAQ and offer you to read it.
What is DeStream? Who are your competitors?DeStream is the first decentralized global financial ecosystem for streamers. Currently, there is no single financial and utilitarian ecosystem for streaming platforms through which streamers and viewers could perform the full range of appropriate actions. We do not see any direct competitors at the moment, as our ecosystem combines more functions that many similar platforms combined. Our platform is not an analogue of Twitch or YouTube, it is a platform, where users and streamers can interact directly for the great aim of creating high quality content and nurturing talent.
Why would streamers choose destream?The commission fees on streaming platforms can be as high as 10%, whereas we aim to reduce commissions on our platform to 0.77%. This will have a direct effect on increasing streamers’ incomes, thus attracting them to work through our platform. They will move from using numerous wallets and paying commissions to using only one wallet built into our platform. The wallet will later be directly connected to a bank card, thus facilitating the withdrawal of funds. In addition, streamers who are not in the top will be able to attract the attention of advertisers thanks to our AI matching system.
How will you compete with YouTube and other streaming platforms? What are DeStream’s advantages?We ARE NOT building another site for streaming, we do NOT wish to compete with platforms, such as Twitch or YouTube. Our project is a financial ecosystem, an instrument in addition to streaming sites, which will simplify the life of streamers, will save on commissions and will be a convenient means of mutual settlements and interactive with viewers on already existing sites.
most streamers will probably want their donations converted into their own fiat currency, is this possible too?
Of course it is possible to trade DST Tokens on exchanges and bank into fiat. Due to the internal marketplace and integration with external projects, you will be able to use DeStream tokens immediately to buy digital goods such as skins or in-game goods too.
Is the DST a utility or security token?The DST is a utility token. Streamers will receive donations and payments in DST through smart contracts. Due to the internal marketplace and integration with external projects, you will be able to use DeStream tokens immediately to buy digital goods such as skins or in-game goods. Streamers will be able to put their goods up for sale as well.
Us it possible to pay with cryptocurrencies other that those of destream?
Yes, on the donation page, you will choose in what currency you want to pay and the streamer will receive the equivalent in DST. We want a single gateway for accepting any cryptocurrencies. We will also be applying the Bancor protocol, which will simplify conversion in any available currencies.
What can you buy with DST?You can make a donation, pay platform commissions for executing transactions, buy digital goods, get rewards from the advertiser, purchase any goods in affiliate shops, gain access to big data analytics, pay for the services of the platform (marketing, making the streams more attractive, etc.) and perform internal P2P operations.