Descrow-Crypto Currency Decentralized

As the development of crypto currencies so rapidly around the world, many startup companies are trying their luck by holding Initial Coin Offering (ICO). ICO itself aims to raise funds from investors who believe in the spirit of young people who want to build his dream. And one of the supporters of an ICO is the existence of Escrow. The question is what is Escrow? As quoted from wikipedia, Escrow is a legal agreement in which an item (usually in the form of money, but also something or other) stored by a third party (called an escrow agent). Meanwhile, those who use the services Escrow wait for the contents of the contract is met.

On the other hand it is stated that Escrow is a legitimate document (other deed), money, shares or other property sent by grantor, promisor or obligor into the hands of a third party, to be stored up to a certain time until the occurrence of a possibility or an achievement of a condition (agreed upon), and will then be submitted to the grantee, promise, or oblige.

As for a document transfer system such as deeds, bonds, shares, funds or other property executed by a third party to be kept until all conditions within a contract are met; such as the submission of deed to the escrow agent under (agreement) installment of land purchase until the payment of the land is fulfilled.

In general, Escrow is described in two terms :

1. Escrow is a neutral third party designated and acts as caretaker for documents and funds throughout the process of transferring property from the seller to the buyer or during the replacement of the ownership structure.


2. Account held by a lender containing the funds collected together with monthly mortgage payment installments. The funds in the escrow account are used by the lender to pay annual fees such as taxes and insurance on behalf of the borrower.

Then, in practice, the escrow agreement has forms that can be described as follows :

 

•  Two Party Escrow Agreement (Two-party Escrow Agreement)

In this form of agreement, the law of the trust applies, in this case the trust which is born through the covenant. The Escrow Agent, in this agreement serves as a trustee, in which he will give an achievement to a beneficiary. The escrow agent is obligated to maintain and secure documents, shares or other valuable items from the interference of others, to be subsequently awarded to the beneficiary in accordance with what is instructed in the escrow instruction. This type of agreement is often encountered in agreements regarding software licenses.

•  Three Party Escrow Agreement (Three-party Escrow Agreement)

This agreement is the most common type of agreement in an escrow agreement. In this agreement, there are three parties, namely the parties in the principal agreement, the principal agreement may be in the form of sale and purchase, lease, etc., and the escrow agent as a deposit document, funds that will be submitted to each party.

 if you already understand what it is escrow let us now discuss about Descrow ICO.

• What Is Descrow?

Descrow or Decentralized Escrow Service (DES) is an escrow platform as described above, which is a revolution and is the first in a decentralized world.

With a decentralized system making Initial Coin Offering (ICO) run startup will be safer for the participants. Then next because it will make potential investors have different views and do not have distrust of the beginners who are wanting to start his business.

The other effect by making this escrow desetralization is to give impetus to the ICO that will run in the future. This will integrate the whole idea created as a versatile instrument into all applicable blockchain segments.

• Descrow Workflow

In the Descrow platform will be the collection, storage and distribution of safe funds and avoid unexpected losses. In the ICO process we are often faced with the uncertainty of a business step. Because of course this can not be avoided from various factors that can affect the occurrence of bad results in ICO. And because it is a necessity, Descrow minimizes the losses resulting from failure.

Furthermore the platform will divide project financing to the stages with the temporary blocking of funds intended for the next phase. This will make investors more confident about the funds invested, because the deposit of funds is not done directly by the ICO organizers, but deposited to third parties that ensure security.

As a way of evaluating the feasibility of the project at each stage then Descrow will provide voting time. Investors in this case are allowed to finance the project at all times in full while the number of tokens that he chooses will be transferred to him.

All funds that have not been invested are frozen from startup cancellation. The reserve fund in the Descrow platform is used for partial compensation of investor funds contributed during ICO. For more details you can see in the following scheme :

ico details
To support this great project, Descrow has launched ICO and can be followed by anyone who wants to invest in luck.

You can see the details of the coin offers below :

• ICO started on: 29 November 2017 (12:00 UTC)
• ICO finish on: December 27, 2017 (11:59 UTC)
• Descrow token symbols: DES
• DES compatibility: ERC20 standard
• Hard cap: 66 666 ETH
• Initial price: 1 DES = 0.001 ETH (~ 0.30 $)
• Number of Tokens: ~ 66 666 666 DES
• Special conditions: token price increase of 25% / week
• Initial price for blockchain-floating: 1 DES = 0.00175 ETH (~ 0,52 $)

for more information please visit the link below :

Website | ANN Thread | Whitepaper | Facebook | Twitter | Telegram

author : Nino Ambarawa

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