ICO DESCROW
ICO Descrow - Along with the rapid development of crypto currencies around the world, many startup companies are trying their luck with Initial Coin Offering (ICO) operations. ICO itself specifically to raise funds from investors who believe in the spirit of young people who want to build his dream.
what is Descrow
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 subsequently submitted to 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 a guardian 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
1. 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 obliged 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.
2. 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 escrow agent as a document storage, funds which will be submitted to each party.
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.
Initial Coin Offering (ICO)
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)
Token Descrow symbol: DES
Compatibility DES: ERC20 standard
Hard cap: 66 666 ETH
Starting price: 1 DES = 0,001 ETH (~ 0.30 $)
Token Number: ~ 66 666 666 DES
Special conditions: 25% / week token price increase
Initial price for blockchain-floating: 1 DES = 0.00175 ETH (~ 0,52 $).
You can invest directly by visiting the official website at: DEScrow
The DEScrow project can be found at the following link:
Bitcointalk my profile: https://bitcointalk.org/index.php?action=profile;u=1255738
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