How Escrow fights rugs and fraudulent teams.
An article dedicated to those who unfortunately lost money to scams.
Protecting investors from scam teams, Escrow Protocol has created an innovative funding method that prevents teams from running away with peoples’ money. According to CBS News, crypto scams have soared by over 1,000% since October (check it out here), and we are here to change that. We believe there is no need for any Start-Up to sit on gigantic sums of raised money for months or years while they are developing the basic infrastructure of their project. Instead of the entire raised capital being received, it is released in pre-arranged sums. This allows investors to remain in control of their funds, and motivates the start-up to deliver quality results in a timely manner.
Reliable teams will accept these pre-arranged sums of money proposed by the community of investors; and will start building until the next milestone is met to unlock the next sum of money and keep building. In contrast, fraudulent teams will never accept Escrow’s funding method, which results in the community of investors inside Escrow’s platform remaining safe.
Investments inside the Escrow platform will never result in total money loss. Only a very small amount of the money collected from the private rounds will be released to the projects in the early stages initially so that they can start building. However, if a project decides to run away with this money (which is quite unlikely due to the small quantity), investors will only lose a minuscule amount of money.
This is why The Escrow Protocol invites all readers to join the community in order to invest in legit projects and get the best ROI due to the way Escrow-held funds are allocated to stablecoin Yield-Farming protocols. This is the chance for the whole crypto community to join together in order to discourage fraudulent teams and developers. Join Escrow.
Links:
- Check out Escrow’s website here
- Join Escrow’s telegram community here
- Follow Escrow on Twitter here
- Follow Escrow on Instagram here
