We are happy to announce that DeStream has successfully reached its soft cap of $5.500.000, passing the analytics and verification process of the venture fund, and getting a commitment for additional project funding! It allows us to cover fully the soft cap and move to the next funding round. Currently, all documents are waiting to get signed by the venture capital and different regulators. At the earliest possible date, we’ll officially announce the details about our new partnership
The project was launching the ICO stage the last June 2018 successfully collecting $1.5 million and now another ICO funding round is ongoing and will be finished on 30th of September. A new partnership with venture capital will play a significant role in further project’s development.
Getting Ahead of the Competitors
Currently, there are no strong competitors on the market who can offer comparably low fees for every transaction made on different streaming platforms. Our team has rolled out a new technology which allows cutting all transactional costs to 0.77%, in comparison with traditional platforms, fees may reach up to 20% in some cases.
Considering the fact that streamers’ donations have reached almost $800 million marks in 2017, a new financial ecosystem will turn the tides back, saving millions of dollars. Soon, the team is planning to release the first version of the MVP, making many functions available for testing.