Topic: [ANN][ICO] Natmin Pure Escrow - Escrow Services powered by Blockchain Technology - page 30. (Read 24762 times)
October 01, 2018, 07:18:03 AM
I just looked at the whitepaper in my language. If someone was paid for it, then I would reclaim the money, it just seems to have been sent through the Google Translator. Although I think the idea of multilingual Whitepapers is good, they do not make much sense if translated poorly
October 01, 2018, 06:51:10 AM
I really like the self-regulated system, nodes and votes is a fair way of resolving disputes. Applications to become a node are open to everyone. One of the team members on the Natmin telegram also confirmed that if they notice the system is being abused they will bring in the necessary changes to eradicate any suspicious activities. The team have really thought of everything.
Yes, that's like creating an autonomous community, creating an avenue whereby users actively participate in whatever that's happening in the platform, will boost the community and its also stated on their whitepaper that those who are involved in resolving of disputes will be rewarded with natmin tokens, which is another way of building value around the token
October 01, 2018, 06:17:32 AM
I carry out trade in a popular escrow service in my country *wouldn't share the name for sake of avoiding promoting them here, and I know it have been one of the most effective mode of selling my ETH... But then again they charge some considerable amount for fee
When you talk about fraction of cost as payment can you give a mathematical idea of what that means?
When you talk about fraction of cost as payment can you give a mathematical idea of what that means?
Other escrow services normally charge around 5% and sometimes even more. Our normal transaction fee is always 1%. Dispute transactions carry an additional 3% fee.
How long does it take to resolve dispute using your escrow service? I mean when I have strong evidence I didn't receive any payment
The party who initiates the dispute transaction will be able to set the time frame. The minimum is 24 hours, as this will give the other party sufficient time to provide their evidence.
Isn't 24hrs minimum quite long timeframe in a case where the first party is in dire need of money for maybe an emergency case?
If your that in need of money i doubt your going to be using this as your source for money i mean almost all lending services are going to take longer than 24 hours especially doing it person to person securely, if your lending from a trustworthy person you wouldnt need an escrow
Since it's done on the blockchain and promises to be autonomous wouldn't it be nice that the timeframe is optimized to a shorter distance between opening and closing dispute
October 01, 2018, 05:45:02 AM
I think you misunderstand the question. Everyone uses escrow for security, you can hardly trust anyone when it comes to dealing in crypto. But in a situation where you have transacted and need money urgently, isn't 24 hours too much?
That is, unfortunately, the contract you will be subjected to. Before the transaction begins, both parties need to agree to the contract terms and one of the items on the contract will be the time period in which you are bound.
October 01, 2018, 05:03:11 AM
I carry out trade in a popular escrow service in my country *wouldn't share the name for sake of avoiding promoting them here, and I know it have been one of the most effective mode of selling my ETH... But then again they charge some considerable amount for fee
When you talk about fraction of cost as payment can you give a mathematical idea of what that means?
When you talk about fraction of cost as payment can you give a mathematical idea of what that means?
Other escrow services normally charge around 5% and sometimes even more. Our normal transaction fee is always 1%. Dispute transactions carry an additional 3% fee.
How long does it take to resolve dispute using your escrow service? I mean when I have strong evidence I didn't receive any payment
The party who initiates the dispute transaction will be able to set the time frame. The minimum is 24 hours, as this will give the other party sufficient time to provide their evidence.
Isn't 24hrs minimum quite long timeframe in a case where the first party is in dire need of money for maybe an emergency case?
If your that in need of money i doubt your going to be using this as your source for money i mean almost all lending services are going to take longer than 24 hours especially doing it person to person securely, if your lending from a trustworthy person you wouldnt need an escrow
I think you misunderstand the question. Everyone uses escrow for security, you can hardly trust anyone when it comes to dealing in crypto. But in a situation where you have transacted and need money urgently, isn't 24 hours too much?
October 01, 2018, 04:37:32 AM
Did you guys know that they have a demo platform? i did not notice at first but i saw it on their website and tested it out, it is very easy to use and has a clean look to it.
October 01, 2018, 04:20:27 AM
Natmin.io shows the Public sale is on. With a 10% bonus and price of 1ETH to 20 000NAT that looks good.
These tokens would be used in a transaction with persons from different countries. Is there a specific country restriction in being part of the public sale?
These tokens would be used in a transaction with persons from different countries. Is there a specific country restriction in being part of the public sale?
Yes, unfortunately, citizens from the USA are not allowed to participate in the public sale. They will, however, be able to buy our tokens from exchanges once we announce the big news.
How about folks from China, I know both countries are usually restricted, does the restriction apply to them as well?
October 01, 2018, 02:24:33 AM
Natmin.io shows the Public sale is on. With a 10% bonus and price of 1ETH to 20 000NAT that looks good.
These tokens would be used in a transaction with persons from different countries. Is there a specific country restriction in being part of the public sale?
These tokens would be used in a transaction with persons from different countries. Is there a specific country restriction in being part of the public sale?
Yes, unfortunately, citizens from the USA are not allowed to participate in the public sale. They will, however, be able to buy our tokens from exchanges once we announce the big news.
US citizens are really missing out from important ICO because of the government restrictions there. But at least they can get the tokens from the exchange ones it gets listed.
October 01, 2018, 01:16:04 AM
When first time heard about Escrow, I thought it's just one service, supporting one or two products. But no, definition of Escrow is very wide.
September 30, 2018, 11:00:09 PM
I really like the concept of escrow, but the question is what transactions can be done on your platform?
Our platform will be able to facilitate any type of transaction where goods or services are involved. For example: You want to buy a secondhand phone from someone online. You don't know that person and don't feel safe just transferring your money. You will be able to use our platform service to create and facilitate the escrow transaction. Same goes for anything else, like buying a domain name, getting a freelancer to build a website. The possibilities are endless.
Good one but how can we trust that our valuables will be safe with you guys. What is unique about having you guys as our escrow service.
Conventional escrow companies keep the escrow money in their bank accounts, which opens the door to fraud and the bribing of the company officials. With us, being a blockchain backed escrow, your money is held in a smart contract. It is immutable and cannot be defrauded. If a dispute occurs, the nodes will handle the voting and the outcome of the dispute. The voting is anonymous, meaning voters cannot see the votes of others. Also, Natmin as a company cannot influence the votes in any way.
Okay. So will the smart contract create a new address for the users fund till the other party fulfills their commitment or there will be a general address for escrow services being rendered?
I think technically this would always means transferring the funds to Natmin's account; through the smart contract you keep track of addresses that deposited and according issue the funds.
I believe so and its good to see that their concept can be implemented in the conventional brands, there's a huge market waiting for them out their and once their reputation increases based on transparency and prompt response, then they will become successful, the internet is filled with scammers and such project will relieve users of some huge chunk of headache
Yeah, I agree with you. It's not easy to trust anyone in this digital world. But if you have platform like what Natmin is developing then many problems will be solved
Apologies for the typos in my earlier message I was navigating through a mobile because of travels and it wasn't the best experience. Anyways what i wanted to say is that technically it can be achieved. A smart contract can monitor all incoming transactions and keep records of them. This solution can be achieved purely through the blockchain or through a hybrid approach of onchain and offchain.
September 30, 2018, 10:28:13 PM
Oh, the tokenale is already over? No extension as with other projects? I like that, finally another ICO that sticks to its own timetable. Now I'm looking forward to the result
EDIT: sorry, there was an error on the homepage, now i see that the ICO is still going on. Looks like there is another bonus in october, "only" 10%
Token sell ends in around 90days,EDIT: sorry, there was an error on the homepage, now i see that the ICO is still going on. Looks like there is another bonus in october, "only" 10%
in this time they will be promoting their service to get new investors! this is still a new project!
September 30, 2018, 08:54:23 PM
Natmin.io shows the Public sale is on. With a 10% bonus and price of 1ETH to 20 000NAT that looks good.
These tokens would be used in a transaction with persons from different countries. Is there a specific country restriction in being part of the public sale?
These tokens would be used in a transaction with persons from different countries. Is there a specific country restriction in being part of the public sale?
Yes, unfortunately, citizens from the USA are not allowed to participate in the public sale. They will, however, be able to buy our tokens from exchanges once we announce the big news.
September 30, 2018, 06:53:33 PM
When do we anticipate this lovely project to be on the exchange and on which exchange should we be expecting it?
We will have an exciting announcement about exchanges in the next week. Please stay tuned and follow us on our social media to find out.
https://t.me/NatminPureEscrow
https://twitter.com/NatminPE
https://www.facebook.com/natminpureescrow/
https://www.linkedin.com/company/natmin-pure-escrow-pty-ltd/
https://medium.com/natmin-pure-escrow
well they are obviously a new business startup i believe as time goes on they will upload more videos and their social presence will increase.
September 30, 2018, 06:27:01 PM
I really like the concept of escrow, but the question is what transactions can be done on your platform?
Our platform will be able to facilitate any type of transaction where goods or services are involved. For example: You want to buy a secondhand phone from someone online. You don't know that person and don't feel safe just transferring your money. You will be able to use our platform service to create and facilitate the escrow transaction. Same goes for anything else, like buying a domain name, getting a freelancer to build a website. The possibilities are endless.
Good one but how can we trust that our valuables will be safe with you guys. What is unique about having you guys as our escrow service.
Conventional escrow companies keep the escrow money in their bank accounts, which opens the door to fraud and the bribing of the company officials. With us, being a blockchain backed escrow, your money is held in a smart contract. It is immutable and cannot be defrauded. If a dispute occurs, the nodes will handle the voting and the outcome of the dispute. The voting is anonymous, meaning voters cannot see the votes of others. Also, Natmin as a company cannot influence the votes in any way.
Okay. So will the smart contract create a new address for the users fund till the other party fulfills their commitment or there will be a general address for escrow services being rendered?
I think technically this would always means transferring the funds to Natmin's account; through the smart contract you keep track of addresses that deposited and according issue the funds.
I believe so and its good to see that their concept can be implemented in the conventional brands, there's a huge market waiting for them out their and once their reputation increases based on transparency and prompt response, then they will become successful, the internet is filled with scammers and such project will relieve users of some huge chunk of headache
Yeah, I agree with you. It's not easy to trust anyone in this digital world. But if you have platform like what Natmin is developing then many problems will be solved
Yes, It's really hard to find some good Escrow Services online to make every buyer and seller transactions secured. I think Natmin will really going to be a good escrow for everyone.
September 30, 2018, 06:21:17 PM
I really like the self-regulated system, nodes and votes is a fair way of resolving disputes. Applications to become a node are open to everyone. One of the team members on the Natmin telegram also confirmed that if they notice the system is being abused they will bring in the necessary changes to eradicate any suspicious activities. The team have really thought of everything.
September 30, 2018, 06:05:24 PM
I carry out trade in a popular escrow service in my country *wouldn't share the name for sake of avoiding promoting them here, and I know it have been one of the most effective mode of selling my ETH... But then again they charge some considerable amount for fee
When you talk about fraction of cost as payment can you give a mathematical idea of what that means?
When you talk about fraction of cost as payment can you give a mathematical idea of what that means?
Other escrow services normally charge around 5% and sometimes even more. Our normal transaction fee is always 1%. Dispute transactions carry an additional 3% fee.
How long does it take to resolve dispute using your escrow service? I mean when I have strong evidence I didn't receive any payment
The party who initiates the dispute transaction will be able to set the time frame. The minimum is 24 hours, as this will give the other party sufficient time to provide their evidence.
Isn't 24hrs minimum quite long timeframe in a case where the first party is in dire need of money for maybe an emergency case?
If your that in need of money i doubt your going to be using this as your source for money i mean almost all lending services are going to take longer than 24 hours especially doing it person to person securely, if your lending from a trustworthy person you wouldnt need an escrow
September 30, 2018, 05:49:40 PM
Natmin.io shows the Public sale is on. With a 10% bonus and price of 1ETH to 20 000NAT that looks good.
These tokens would be used in a transaction with persons from different countries. Is there a specific country restriction in being part of the public sale?
These tokens would be used in a transaction with persons from different countries. Is there a specific country restriction in being part of the public sale?
September 30, 2018, 04:58:26 PM
I really like the concept of escrow, but the question is what transactions can be done on your platform?
Our platform will be able to facilitate any type of transaction where goods or services are involved. For example: You want to buy a secondhand phone from someone online. You don't know that person and don't feel safe just transferring your money. You will be able to use our platform service to create and facilitate the escrow transaction. Same goes for anything else, like buying a domain name, getting a freelancer to build a website. The possibilities are endless.
Good one but how can we trust that our valuables will be safe with you guys. What is unique about having you guys as our escrow service.
Conventional escrow companies keep the escrow money in their bank accounts, which opens the door to fraud and the bribing of the company officials. With us, being a blockchain backed escrow, your money is held in a smart contract. It is immutable and cannot be defrauded. If a dispute occurs, the nodes will handle the voting and the outcome of the dispute. The voting is anonymous, meaning voters cannot see the votes of others. Also, Natmin as a company cannot influence the votes in any way.
Okay. So will the smart contract create a new address for the users fund till the other party fulfills their commitment or there will be a general address for escrow services being rendered?
I think technically this would always means transferring the funds to Natmin's account; through the smart contract you keep track of addresses that deposited and according issue the funds.
For security reasons each transaction created on the platform will have its own custom escrow wallet. So, there won't be a central escrow wallet. This will prevent all the eggs from being in one basket.
Okay. Nice that is settled for the security of the users. How will natmin verify that both parties are satisfied before transferring the funds out to the recipient.
September 30, 2018, 04:50:07 PM
I carry out trade in a popular escrow service in my country *wouldn't share the name for sake of avoiding promoting them here, and I know it have been one of the most effective mode of selling my ETH... But then again they charge some considerable amount for fee
When you talk about fraction of cost as payment can you give a mathematical idea of what that means?
When you talk about fraction of cost as payment can you give a mathematical idea of what that means?
Other escrow services normally charge around 5% and sometimes even more. Our normal transaction fee is always 1%. Dispute transactions carry an additional 3% fee.
How long does it take to resolve dispute using your escrow service? I mean when I have strong evidence I didn't receive any payment
The party who initiates the dispute transaction will be able to set the time frame. The minimum is 24 hours, as this will give the other party sufficient time to provide their evidence.
Isn't 24hrs minimum quite long timeframe in a case where the first party is in dire need of money for maybe an emergency case?
September 30, 2018, 04:43:43 PM
Oh, the tokenale is already over? No extension as with other projects? I like that, finally another ICO that sticks to its own timetable. Now I'm looking forward to the result
EDIT: sorry, there was an error on the homepage, now i see that the ICO is still going on. Looks like there is another bonus in october, "only" 10%
EDIT: sorry, there was an error on the homepage, now i see that the ICO is still going on. Looks like there is another bonus in october, "only" 10%
Yeah, it is nowhere near over yet. It finishes at the end of this year. They have a lot going on at the moment and the team are currently working their way through their different development phases whilst raising funds in the token sale.
Jump to: