Decentralised Escrow Service (Descrow) is the first in the world and unique by its nature decentralised escrow platform for conducting ICOs. DES platform contains qualitative criteria for risk management and assessment, which allows startups to raise larger funds.
Decentralized Escrow, as a tool, is directly integrated with the the processes of fundraising, storage and distribution of funds. The commission for using DES-platform is charged only in case the next tranche is initiated by the majority of investors via voting. Transaction fee will decrease in a progressive mode — its exact amount will depend on the size of the transaction and ICO model. This scheme doesn’t involve any additional expenses for the startups and costs nothing for the investor.
How it works?
Descrow key aspects are:
- Secured collection, storage and distribution of the funds and avoiding of unforeseen losses.
- The platform splits up the project finance into the stages with temporary blocking of the funds designated for the further stages.Voting as a way of evaluation of the feasibility of the project on every stage. The investor is allowed to finance the project at any moment in full while the amount of tokens he selected is transferred to him.
- All uninvested funds are indemnified from the startup cancelation. The reserve fund within the Descrow platform is used for partial compensation of investor’s funds contributed during ICO.
For the first time, investors can be insured against 100% losses and fraudulent ICO-projects. DES platform provides investors with the opportunity to participate in the life of the project they trusted with their money. If the majority of token holders decide that the project does not fulfill its obligations, they can vote to stop further financing and save part of their funds, which is better than loosing all, in case a startup decides to make off with the money.This instrument is beneficial for startups too. Implementation of a decentralized escrow mechanism in the ICO-campaign will level up confidence and loyalty from the side of the investors.
1. Pre-ICO campaign was launched on the 27 th of August and will last tillthe 1st of October, 2017.
2. In the course of ICO- campaign we are planning to sell the total of 37 500 000 DES tokens for 0,001 ETH per coin.
2. In the frame of the pre-ICO, about 1 500 000 DEST of tokens will be available on sale for 0,001 ETH per unit with a maximum limit of 1 500 ETH per.
3. Participants of pre-ICO will be rewarded with bonuses, more details on descrow website or whitepaper.