Decentralized Platform to Substantially Reduce Streaming Commission Fees to 0.77 Percent

A new, decentralized global platform is aiming to help streamers keep more of their earnings - and create a blockchain-driven ecosystem where they will find it easier to receive donations from their loyal viewers.

According to DeStream, the esports market is growing, and as a result, audiences on popular streaming services such as Twitch, YouTube and Mixer are increasing by an average of 10 percent a quarter.

DeStream announced that the ecosystem will be integrated first in such streaming services as Youtube, Twitch, Mixer and afreecaTV. The company believes these integrations may increase the initial price of the DST token because they will be widely used among streamers and would lay a strong foundation that should keep the project afloat, compared to other IСOs.

Whereas talents currently face high fees from the offered payment gateways, DeStream is planning to reduce them substantially - to 0.77 percent per transaction.

Shifting the focus back to contentAccording to DeStream, its suite of solutions will help reduce the distractions facing streamers and give them the opportunity to focus on producing premium broadcasts.

The company stresses that it is not designed to be a streaming platform - but instead will be integrated into existing ones.

To engage viewers, streamers will be able to use dozens of smart contract templates "For the implementation of almost any idea," the platform's white paper reveals.

Fans stand to benefit because they will enjoy higher levels of engagement with their idols - with features such as live voting by using tokens, enabling them to be active participants during a stream rather than passive viewers.

As well as enabling viewers to make donations, it will mean streamers can be rewarded by advertisers for engagement.

While the company is aiming to make withdrawing funds easy for streamers, it hopes to simplify managing funds further in future by launching a debit card, enabling them to spend their income in stores or withdraw cash from ATMs. DeStream is also creating a not-for-profit organization known as the Worldwide Streamers Association, which has the goal of maintaining and developing the industry and allowing professionals to share their experiences and train others.