DESTREAM – Cryptocurrency for Streamers

July 25, 2018

FrederikNielsen
25

DeStream ICO Review

As data becomes cheaper, streaming becomes more and more popular. From Facebook to YouTube to Switch, the platforms are numerous — and so are the streamers. Some kinds of streaming are more popular than others. Gaming has for a long time been a favorite in the streaming world, and the audience keeps growing every day.

The industry has become so profitable that it is now a legitimate occupation to be a full-time streamer. Some accept donations from their fans, others are sponsored by corporations. Needless to say, streaming eats up a lot of data. As a matter of fact, two thirds of all Internet traffic is down to streaming services. Due to the rapid growth of the industry, it is an ever-changing space. Whilst many have enjoyed great success from their streaming, others have been left disappointed with the platforms themselves. YouTube, for example, recently changed the eligibility criteria for streamers who want to earn ad revenue from their streams. Streamers who previously were able to make some money from ads discovered that they were no longer eligible. In addition, YouTube tends to censor certain content that is not in line with their own political leanings. This has caused many streamers and content creators to look for other platforms. Fortunately, there are alternatives to making an income. Patreon is a very popular website where content creators and streamers can accept regular donations from their audience. YouTube, Twitch, and other platforms also allow livestream chats to be pushed to the top in exchange for a donation. The only problem is the cut the platforms take from the donations. Patreon takes 10%, and the other platforms also impose heavy fees.

What is DeStream?

DeStream is a project that aims to address all the issues outlined above. While many streamers have digital wallets where they can accept cryptocurrency donations to, there is not yet a dedicated streaming platform that facilitates crypto-payments. DeStreams wants to be that platform, and it will not only allow for a decentralized streaming platform where cryptocurrency donations are possible, it will also make it completely free from censorship. Best of all is that the platform will drastically reduce the fees charged on donations, so streamers will see more of their fan donations in their bank accounts.

What is the DST token?

The DST tokens are the native currency on the DeStream platform, and will have several uses. They will obviously be used by fans to make donations to their favourite streamers. They will also be used to pay for the transactions, and purchasing digital goods on the platform and its affiliate partners. When streamers take on advertisers, they will also be paid in DST tokens. The tokens can also be used by streamers to access big data analytics. Finally, streamers will also be able to pay for marketing on the platform using DST tokens.

Frederik Nielsen
Frederik Nielsen

I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.

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