Receive all Cointelegraph news immediately in Telegram.
Decentralized escrow is a new concept in the blockchain space, which describes a means of control over the invested funds.
This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Decentralized escrow is a new concept in the blockchain space, which describes a means of control over the invested funds. The involvement of escrow agents or companies, as a guarantee of liability, turns out to be an insufficient measure, due to the human factor that discredits the security of independent, distributed system. Meanwhile, decentralized way of regulating ICO campaigns could turn out to be the best solution for regulating processes in distributed market.
The platform for ICO investments, DES, founded by the head of Russian Blockchain Association Sergey Besedin, includes an in-built instrument for decentralized escrow. This tool allows investors to control the distribution and use of invested funds in a decentralized manner, via general voting. DES will be first in the world project to guarantee the independence of escrow and the only decentralized solution for the transparent and fair use of funds, once the crowdsale is over.
Within the DES framework, investors of the particular startup decide whether to initiate the next step of financing or not, considering the previous performance of the project. This procedure will eliminate the fraudulent companies that do not plan to develop a finished product, and bring to light those that are ready to meet the stated obligations.
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.
The main mission of blockchain is to get rid of intermediaries in agreements between people, where a trusted third party is required. The DES project completely eliminates the third party (escrow agent) problem with the help of blockchain and smart-contract and helps to revitalize the ICO-market.
Decentralized space requires decentralized methods of regulation and project DES is going to provide it. Right now the project is holding its pre-ICO campaign in order to collect funds for further development and extension of its services globally. Early investors are welcome to take part in DES pre-ICO with special bonuses provided till the end of September.
Company name: DES
Company site: https://descrow.org/
Company contacts: pr-director
Follow us on Facebook
For updates and exclusive offers, enter your e-mail below.
One fine body…
Thank you for contacting us! We will reply to you as soon as possible.
Thank you for your interest in our franchise program.
We are considering your request and will contact you in due course. If you have any further queries, please contact:
Reset letter sent.
Please checkout your mailbox for password reset details