Storiqa Whitepaper

Abstract

The position of cryptocurrency in today’s world is growing rapidly: the combined
market capitalization of all cryptocurrencies has increased more than threefold since
early 2016, reaching almost $150 billion in August 2017. According to the latest data,
the current number of unique active users of cryptocurrency wallets is estimated to
be about 6 million. Thus, the application of cryptocurrency becomes an important
issue.

If cryptocurrency is designed to be a means of payment, then what can you buy
with it right now? There are precedents of people using bitcoins to buy real estate
and conduct other financial transactions, and each notable use of cryptocurrency
becomes an event in the cryptofield and brings society closer
to the widespread use of such currencies.

But can you actually buy something from another person using bitcoins or
“altcoins”?

Even though more and more outlets and merchants are beginning to accept
cryptocurrency as a means of payment, anyone in possession of a sum of bitcoins or
“altcoins” can still not use them in day-to-day financial operations.
The idea of creating a marketplace came to the project team after a crowdfunding
platform where small-scale productions and startups find crowdfunding for the
development of their projects and realization of their own ideas.
In the space of 5 years, Boomstarter has helped fund more than 1,500 projects
that have subsequently become full-fledged, profitable business ventures. That was
when we found out that small-scale productions with real potential have no viable
way of breaking into a global market. Through supervising and studying their work
from inside we realized what impedes them from participating
in global trade.

Storiqa Website
Storiqa Whitepaper

Social