[ANN][ICO] Natmin Pure Escrow - Escrow Services powered by Blockchain Technology - page 33.

nesh1

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Quote from: phantam on September 29, 2018, 08:11:46 AM

Quote from: natmin on September 29, 2018, 06:58:09 AM

Quote from: arifdadang34 on September 29, 2018, 06:51:16 AM

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.

I think this is a great idea as the immutability of blockchain seems to be well targeted for something like this, but how will natmin handle verification that person A has given person B the item so payment for instance can be released?

I think Natmin will be the middle man? Person A will give the products to "the middle man" and same goes for person B and once this has happened the middle man gives the items to the right person.

phantam

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Bountyhive.io

Quote from: natmin on September 29, 2018, 06:58:09 AM

Quote from: arifdadang34 on September 29, 2018, 06:51:16 AM

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.

I think this is a great idea as the immutability of blockchain seems to be well targeted for something like this, but how will natmin handle verification that person A has given person B the item so payment for instance can be released?

AngelJoshua

member

Activity: 630

Merit: 10

Quote from: natmin on September 29, 2018, 06:58:09 AM

Quote from: arifdadang34 on September 29, 2018, 06:51:16 AM

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.

I see, I'm just planning to ask this question too because I thought you're only escrow for specific thing like only for crypto. Then it will be really good if we can use it to buy something online too.

natmin

copper member

Activity: 96

Merit: 0

Quote from: arifdadang34 on September 29, 2018, 06:51:16 AM

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.

arifdadang34

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I really like the concept of escrow, but the question is what transactions can be done on your platform?

natmin

copper member

Activity: 96

Merit: 0

Quote from: Nathan01 on September 29, 2018, 05:15:32 AM

Quote from: natmin on September 28, 2018, 08:04:42 PM

Quote from: Nathan01 on September 28, 2018, 07:45:34 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?

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.

Nathan01

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DocTailor IEO on Zloadr

Quote from: natmin on September 28, 2018, 08:04:42 PM

Quote from: Nathan01 on September 28, 2018, 07:45:34 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?

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

Ace44

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Activity: 672

Merit: 11

Quote from: chan001 on September 29, 2018, 12:42:52 AM

So this project is based in Australia? This is what I see at first page of this thread.

"We are incorporated in Australia and part of our AML/CTF legislation requires us to collect KYC information for certain services to be compliant with ASIC for all token distribution during our TGE / ICO"

Blockchain technology is gaining popularity in different part of the world. This is first project I am seeing from Australia. At least I am not aware of any such project.

Yea, that's something to note, having a presence matters, never invest in any project that can't authenticate their existence and other upcoming project should come to terms about that, individuals are investing their hard earned money, so they need to give something to investors in order to attract more individuals into their brand, so the above is commendable

jamzzz123

member

Activity: 350

Merit: 16

Quote from: chan001 on September 29, 2018, 12:42:52 AM

So this project is based in Australia? This is what I see at first page of this thread.

"We are incorporated in Australia and part of our AML/CTF legislation requires us to collect KYC information for certain services to be compliant with ASIC for all token distribution during our TGE / ICO"

Blockchain technology is gaining popularity in different part of the world. This is first project I am seeing from Australia. At least I am not aware of any such project.

It's good to see more projects across the globe, but certainly not Australia's first project,
Check out powerledger, massive project which got the green light from the government too.

Nevertheless, it's nice to see more and more projects pop up from all around the globe

chan001

jr. member

Activity: 280

Merit: 1

So this project is based in Australia? This is what I see at first page of this thread.

"We are incorporated in Australia and part of our AML/CTF legislation requires us to collect KYC information for certain services to be compliant with ASIC for all token distribution during our TGE / ICO"

Blockchain technology is gaining popularity in different part of the world. This is first project I am seeing from Australia. At least I am not aware of any such project.

RyCriptoC

jr. member

Activity: 238

Merit: 1

Quote from: Getadaaa on September 28, 2018, 05:48:00 PM

Quote from: Kinkadeinspired on September 27, 2018, 04:29:14 PM

Quote from: Ace44 on September 27, 2018, 03:26:34 PM

Quote from: ibininja on September 27, 2018, 02:36:54 PM

Quote from: cryptossi on September 27, 2018, 02:13:03 PM

I do not think I’ve seen a project with no softcap before, this is encouraging for investors, but it does beg the question where will the funds come from if they raise a small amount? What’s the point in doing an ICO if you do not have a minimum?

I am wondering the same. I don't think there was another ICO with the same approach; well at least to the extent of my knowledge. For the softcap is usually the min needed to kickstart the project and start making money.

Its nice to see them taking another kind of approach, personally i never liked the softcap and hardcap thing, brands should just state what they need, go for it and stop bickering about soft and hardcaps, their concept is pretty sleek, the virtual world is not safe and with this brand coming into play, we may get to see a boost in transactions, with relief from both parties involved

It really is refreshing seeing projects coming up with new idea. Never have I seen projects without Soft or Hard cap, seeing this makes me believe in the Natmin Pure Escrow team.

There’s a hardcap. Which is set at 70% of total token supply.
I guess they know what they want and are determined to going for it; No need for soft cap.

This gets me to ask, what would happen if 70% of tokens aren’t all sold?

70% of total tokens is hardcap or softcap? It should be softcap if it's less than 100% Wink

. Hardcap is always 100% of the total tokens available for sale.

ibininja

member

Activity: 490

Merit: 10

Quote from: natmin on September 28, 2018, 08:04:42 PM

Quote from: Nathan01 on September 28, 2018, 07:45:34 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?

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.

There are several and true the rate is terrible; I think they are able to do a 1% instead of more because they used the smart contracts so they don't have to have someone manually approving requests. I am not sure if they will be sharing for KYC though.

natmin

copper member

Activity: 96

Merit: 0

Quote from: Getadaaa on September 28, 2018, 05:48:00 PM

Quote from: Kinkadeinspired on September 27, 2018, 04:29:14 PM

Quote from: Ace44 on September 27, 2018, 03:26:34 PM

Quote from: ibininja on September 27, 2018, 02:36:54 PM

Quote from: cryptossi on September 27, 2018, 02:13:03 PM

I do not think I’ve seen a project with no softcap before, this is encouraging for investors, but it does beg the question where will the funds come from if they raise a small amount? What’s the point in doing an ICO if you do not have a minimum?

I am wondering the same. I don't think there was another ICO with the same approach; well at least to the extent of my knowledge. For the softcap is usually the min needed to kickstart the project and start making money.

Its nice to see them taking another kind of approach, personally i never liked the softcap and hardcap thing, brands should just state what they need, go for it and stop bickering about soft and hardcaps, their concept is pretty sleek, the virtual world is not safe and with this brand coming into play, we may get to see a boost in transactions, with relief from both parties involved

It really is refreshing seeing projects coming up with new idea. Never have I seen projects without Soft or Hard cap, seeing this makes me believe in the Natmin Pure Escrow team.

There’s a hardcap. Which is set at 70% of total token supply.
I guess they know what they want and are determined to going for it; No need for soft cap.

This gets me to ask, what would happen if 70% of tokens aren’t all sold?

Just to clarify the total supply is 400,000,000 and 240,000,000 was made available for sale (Which is 60% of the total supply). Our hardcap is set to 12,000 ETH. 70% of the unsold will be distributed to the investors as a bonus according to their investment. 15% of the unsold tokens will be instantly burned and the other 15% will be made available to be purchased directly from the platform. The platform tokens will be burned at a rate of 1% per month for 15 months or until the available amount reaches 0, whichever comes first.

natmin

copper member

Activity: 96

Merit: 0

Quote from: Nathan01 on September 28, 2018, 07:45:34 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?

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.

Nathan01

member

Activity: 728

Merit: 11

DocTailor IEO on Zloadr

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?

AngelJoshua

member

Activity: 630

Merit: 10

Quote from: faulerwilli on September 28, 2018, 06:28:53 PM

Has anyone already looked at the demo platform? I have just noticed that there is already one :-) I will take a closer look tomorrow, today it is already too late
https://www.natmin.io/app/dashboard

Yeah, I watched the Demo Transactions video for it and I learned a lot on how does their platform will going to be look. It's easy to use and I think it will going to be affordable when they officially announce on how much will be the transaction fees.

faulerwilli

full member

Activity: 994

Merit: 140

Has anyone already looked at the demo platform? I have just noticed that there is already one :-) I will take a closer look tomorrow, today it is already too late
https://www.natmin.io/app/dashboard

Getadaaa

jr. member

Activity: 448

Merit: 3

Quote from: Kinkadeinspired on September 27, 2018, 04:29:14 PM

Quote from: Ace44 on September 27, 2018, 03:26:34 PM

Quote from: ibininja on September 27, 2018, 02:36:54 PM

Quote from: cryptossi on September 27, 2018, 02:13:03 PM

I do not think I’ve seen a project with no softcap before, this is encouraging for investors, but it does beg the question where will the funds come from if they raise a small amount? What’s the point in doing an ICO if you do not have a minimum?

I am wondering the same. I don't think there was another ICO with the same approach; well at least to the extent of my knowledge. For the softcap is usually the min needed to kickstart the project and start making money.

Its nice to see them taking another kind of approach, personally i never liked the softcap and hardcap thing, brands should just state what they need, go for it and stop bickering about soft and hardcaps, their concept is pretty sleek, the virtual world is not safe and with this brand coming into play, we may get to see a boost in transactions, with relief from both parties involved

It really is refreshing seeing projects coming up with new idea. Never have I seen projects without Soft or Hard cap, seeing this makes me believe in the Natmin Pure Escrow team.

There’s a hardcap. Which is set at 70% of total token supply.
I guess they know what they want and are determined to going for it; No need for soft cap.

This gets me to ask, what would happen if 70% of tokens aren’t all sold?

faulerwilli

full member

Activity: 994

Merit: 140

Quote from: Cnote112 on September 28, 2018, 03:35:27 AM

I was about to start reading your whitepaper, I noticed it's already translated into about 13 languages, Italian, German, Arabic and French all inclusive, I was impressed for real.

this is very good, i often have problems understanding the technical side of a project, if i can not read the information in my native language. I will read the white paper in my language tonight

Corleone100

newbie

Activity: 238

Merit: 0

Quote from: gee777 on September 28, 2018, 09:19:43 AM

Quote from: Cnote112 on September 28, 2018, 03:35:27 AM

I was about to start reading your whitepaper, I noticed it's already translated into about 13 languages, Italian, German, Arabic and French all inclusive, I was impressed for real.

Wow. They really want to get across to a wide range of individuals. Very good strategy to employ at just the early stages of a project.

I missed that part 13 countries already, this shows how serious Natmin intends to get across a wider range of audience, I’m really impressed.

Topic: [ANN][ICO] Natmin Pure Escrow - Escrow Services powered by Blockchain Technology - page 33. (Read 24762 times)