Here’s our 186 AMA recap!
Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with ESCROW PROTOCOL 15 January, 2022. This guest star,
- Andrey — Project Manager / Operation Officer
- Ana Olmeda PR & Marketing Manager
- Guillaume Coco — Provent CTO
Introduction
Coco G :
I am Guillaume — CTO Escrow Protocol, Co — founder
As CTO of Escrow, building the platform and the technology that will improve legitimacy, adoption and success of the market.
In cryptocurrency since 2016. I have been inspired by the creation of EVM blockchain. This lead me to an understanding on what blockchain can bring to the world.
I participaed on first DpoS project such has Lisk. after many years of trading, study, and work on cybersecurity, I always wanted to be an actor and shape this industry, to empower new investors.
QUESTIONS MODERATOR
What’s Escrow Protocol? Can you share with us more in detail?Coco G :
Escrow Protocol is a decentralized trust fund that combines traditional crowdfunding with Blockchain technology and easy-to-engage smart contracts. tech is under the hood — no SiFi for the user
Start-up projects seeking funding can lay out roadmap milestones and timelines according to their actual capacity and contingent upon realistic performance targets, establishing measurable criteria for delivering payments upon only fulfillable promises. It is about taking responsibility.
Escrow Protocol’s incremental funding system allows for ICO funding to be managed post-raise with milestone-based micropayments and unprecedented investor oversight.
Investors will have then the opportunity to provide feedback, and vote on the evolution of the project using a smart gouvernance system, based on behavior of users
An in dApp chat system with badge, tiers privacy, council group is completing the tool to provide a safer enviromnent, scam free.
We also have design very smart usage for NFT’s such as ID checker, redeemable NFT, and staking / investment boost.
Why Escrow Protocol? What are some of the problems that Escrow Protocol aims to solve? What solutions are offered?Coco G :
We are fighting with scams and shit coins. We are doing the job, which lots of people and organizations do not like. Our project is more than just a business, we are changing the investment paradigm.
We are solvings :
- Sleeping funds inactive by allocated project funding to DeFi protocol and redistributing the yield to users (80/10/10).
- Control and securitization of funds through governance and councils.
- Open funding is easy to apply for.
-Scam, rug-pull, impersonation.
- Smart usage with vested token with our Redeemable NFT
- Security and protection on ICO and new projects
- Guidance and explanation on this fresh and hardly understanble industry
We are also creating an environment where FUD can be handled, and not scaring experienced or non experienced people
Actually we received great feedback from all the VC’ and partners, it indeed a project oriented to mass adoption, through basical problems.
Lot of project, which i love BTW are dev oriented to make the industry better.
Us we aim to make the user experience to an other stage
Could you tell us about ESCROW tokenomics and use-cases?Coco G :
We have constructed a network of important actors that funded us.
We programmed our tokenomics in such a way that teams’ tokens will be vested for a very long period.
You can find all the information on our webpage :
https://www.escrowprotocol.app/tokenomics/
Initial MarketCap will be around 1.1M
Concerning user funds, we have an agreement ongoing with Polkacover to offer B2B, and B2C coverage fund for our platform
Being a doxxed team and Tokenomics all play a part in the longevity and success of a project.
Concerning usage :
Our token is :
Stakable in dApp
Farm able with our partner Wingswap 140 %
Allowing you an allocation for funding projects.
Beeing burned while using the redeemable NFT
We also have a nice collection that is completing some utility
https://dirtypigs.io/nft.php?collection=16
If you have time and want a bit of story
https://medium.com/@dirtypigs_io/escrowbat-king-doge-the-final-battle-1c9537fcc7a3
Who are Escrow Protocol current partners and backers?Coco G :
We have built in 2021 around 40 partners, it will be long to name them all
though
We are proud to have several professional investors, traders and companies as our partners.
We have onboarded around 20/30 ventures including DCI Capital, Centauri Group and GHAF Capital Partners just to name a few. Even our marketing company decided to fund us a partner . We always made the same impact.
Making Escrow a standard of secure investment like Certik is for Audit. And we are all looking toward a very long-term collaboration.
We are also teaming up with other LaunchPad such as Synaps Network, FantomStarter, which are great and very experienced team
We have listed some on our Website too
We have about 1000 Profesional holders with big investment capacity make us pretty appealing for new projects
Willing to do a clean job here, and thrive through time
Please inform Escrow Protocol roadmap? What is the strategic plan of Escrow Protocol in the future?Coco G :
Reliable information about ICOs, their market areas, and their myriad of moving parts is difficult to come by, and there exists no comprehensive resource for investor due diligence. The Escrow Protocol platform has firm plans in place to expand its services in due course to offer a full investment education package, drawn from expert research and bolstered by the experience and knowledge gathered as the platform scales up and matures.
and entering new networks is the target for us — we are multi chain!
Let me also share with you the last annoucement made to our community
[Forwarded from Robin Clark]
Dear Community,
We thank you for your interest on the project.
This is our weekly update:
Development:
We saw many questions about the staking.
We have currently in hand the V1 Staking contract for MATIC and for FANTOM network.
The contracts are being audited by partners, while we are queuing for a full audit with a renown company.
The contract work has followed:
- 1 month length staking 15 % APR
If term is respected, you will receive one NFT + your reward.
This NFT will be used as boost for your investment score and will allow you to have a better visibility on the chat, and greater allocation for the funding opportunity on the platform.
Our plan is to be able to deploy it with the redeemable NFT which is now in second round of phase test.
We expect to have it deployed through the next week. (+/-15 days)
What is the redeemable NFT:
For now, you are receiving your weekly airdrop by an automated batch.
Our key feature, the redeemable NFT will take the relay.
You will at the deployment at the platform, receive an NFT Loaded with your vested token.
Owning this NFT allow you to redeem yourself your weekly token.
If you decide to sell your NFT, you are selling your vested token.
Cool thing is the project will have to use this feature, and by doing so, that will trigger a burn of ESCROW token
The rate of burning will be defined with the first project launch planned for Q1 2022.
A clear article describing the feature will be published few days before the deployment.
Our developers are currently working on a hybrid mobile version, that will be available at same time.
A second part of our developers are working on Staking V2 already to offer a multi tiered pool. (3 different term + higher APR).
We also started previous week a hiring process for the following position:
2 Front end developers + Blockchain engineer to complete the team and accelerate the development process.
Concerning projects:
Very great news:
We have currently 4 projects that want to use our protocol, 2 from cryptosphere, and 2 from real world.
We will onboard them in Q1 2022.
Our strategy with professional partners is working good, and the flow of project is already gravitating around us.
Concerning Marketing :
@Ana_Olmeda, our PR & Marketing manager did work out with all our media and advisor partners great events:
- Ambassador program rewarding influencer, and people who bring to us project.
- Mass mailing campaign.
- Community FAQ competition with 2000 USD reward split for 5 winners.
- VC NFT reward campaign with deep introduction and AMA with them.
- Opening of UAE and Dutch community.
- Big coverage withing Miami blockchain submit for the Escrow Bat Collection.
- Partnership announcement (We made more than 40 partners, and we have a lot of networking announcement that will come)
We are also hiring in that department, graphics designers and content writers.
We do work around the clock to make great things for all of us and the progress are significant.
It is hard to communicate and all stage since the industry is evolving very fast, though we listen you, and we will work on improving feedback to you all.
The best is yet to come for Escrow, and we wish you an excellent 2022.
Concerning roadmap,, on our webite, the roadmap is from our seeds rounds.
We took some delay on listing an few other event like every other real crypto projects, though we are progressing at correct path working around the clock to make things happen
We will update it after deploying our first sense of the platform ( we speaking in days here. )
Our aims is to start onboarding project in Q1 2022 since we already have projects knocking to our doors to use our protocol
QUESTIONS TWITTER
ESCROW PROTOCOL is a crowdfunding project, which also features Staking and Yield farm. I just wonder how are the stake and yield farm work in ESCROW platform? How is the calculation reward that user can get if they staking? What is the requirement? How much APY is each year?Coco G :
We have developed a smart system that is monitoring the behavior of the people like that :
- Token holded (amount and length)
- Staking made, and fidelity on staking.
- Chat behavior
- Fulfillment allocation given.
These elements provide an investor core, that will be then divided by the total size of the pool to give you an allocation.
On top of that, we are adding utility NFT Partner collection and Escrow Bat collection ) that will boost this score.
Yield farm is built with insurance system with our Partner CoverCompared.
We will focus on stable coin farming to protect funds with APY going up to 24% depending on period
The staking is in dApp, for the V1, providing 1 month lenght, 15% APR + 1 utility NFT if term respected
Staking available on FTM and Polygon
The V2 that will come later, i mutliple lenght 1M / 3M / 6M
with higher APR and higher tiered NFT
We also have a great LP program with wingswap
140% its huge
Lets say, you buy 5k escrow, you buy 5k USDC
you provide liquidity
Thats 583,333 USD paid in WIS per month
Its about 6% monthly without attacking the selling pressure on Escrow
we are building also traders competition, and LP competition to attract traders
NFA though
Not a Financial Advise)
Though some of our mods are providing LP themselves
Escrow Protocol is “Blockchain-based Oracle Web3 platform” that allows investors to invest in businesses while maintaining greater control over their financial contributions. What role do oracles play in the funding process? What can this fundraising tool do for you?Coco G :
Oracle means that we are collecting and using blockchain data to track and reward users. To provide real and meaningful status.
The funding process is important with the gouvernance and the Yield Farming collaboration we are building with protocol such as Aave, Anchor.
This tool is providing an all in one environment, to invest safely, in due intelligence, with an additional layer of protection.
We are working with Marketings expert to rebrand some of our working to lead us close the a leadership company.
ESCROW will protect project funds & release payments once the project reaches its goal. But, how does ESCROW protect these funds in the meantime? Is the ESCROW protocol completely secure from external attacks and loss of funds? Has everything been audited?Coco G :
We are tackling this aspect in three terms :
First the YF protocol will be oriented to stable coin to protect the funds.
Second, we are working with trusted and bulletproof protocol.
Third, partnering with a trusted insurance funds company.
And, obviously, we are our contracts will be audited in time before usage.
Additionally, funds are automatically released if no warning wise rised from the community
A smart council system is set to allow users to team up and provide more accurate and legitim votes
Projects will have a period to react if a dispute as been rised
Initially, Escrow Protocol was deployed on the BSC network. However, the project then decided to migrate into Polygon network. What was the reason behind this move? Were there issues that your project had faced while it is on the BSC network?Coco G :
Hum, this was an early stage mistakes
The contract was deployed from one of our old partner, and was pretty wrong. When i jumped on board, i decided to change the contract the polygon for multiple reason.
Polygon is mature, and providing a great support to ETH
It was matching better with our NFT usages
And this allowed us to clean early stage mistakes
That reason is also valid for FTM first bridge choice with our partner multichain
Since these networks are mature and decentralized
Which the BSC is not
That is also matching our goal to be a REAL DAO
Playing tranparency is the mot important.
Issue happening everywhere, that is call humanity.
The most important is to face it, assuming it, and resolving it in the most fair manner
EVM network is huge
and each providing fair benefits
Current NFT is a hot topic, but are NFT not just for art. Does your #EscrowProtocol project think that more real world use cases will emerge for NFTs as time goes on, why should we take NFTs seriously?Coco G :
I guess that our white paper is replying well to that question
https://www.escrowprotocol.app/wp-content/uploads/2021/09/Escrow-Protocol-White-Paper-ver.-0.1.1.pdf
As fair experienced traders i aw the birth of NFT
and to be honest i wasnt that enthousiast on that usage
Though, when you scratch your head around , understanding the power of an unic and proofed “asset” unveilling a lot of usage
We have multiple type of Utility NFT
Collections ( Partners / Meme ( with the escrow bat)
Staking boost
Investment Boost
Special sales
Private chat access
Fun bagdes
We have the ID NFT to handl KYC and metadata transfert
We have our redeemable NFT that is allowing you, to have a control on your vested token
What is the redeemable NFT:
For now, you are receiving your weekly airdrop by an automated batch.
Our key feature, the redeemable NFT will take the relay.
You will at the deployment at the platform, receive an NFT Loaded with your vested token.
Owning this NFT allow you to redeem yourself your weekly token.
If you decide to sell your NFT, you are selling your vested token.
Cool thing is the project will have to use this feature, and by doing so, that will trigger a burn of ESCROW token
The rate of burning will be defined with the first project launch planned for Q1 2022.
A clear article describing the feature will be published few days before the deployment.
And we will deifnitly keep improving
Feel free to join our TG to be part of the community
https://t.me/Escrow_Protocol_Chat
QUESTIONS TELEGRAM
Most projects have issues with the UI / UX and this disables new users. How do you plan to interact with new users and users outside of the crypto world?Coco G :
We are building a very nice platform, very users friendly, for mobile and desktop.
adding to cutting edge improvement to allow experienced user to enjoy in too.
Let me share with you some screens
We are preparing an dApp deck though the release is wrapping up
That will be nice to spread
Are you intending to promote your project in countries/regions where English is not good? Do you have a local community for them to better understand your project?Coco G :
Yes we have plan for multiple community starting this month.
Turkish CM
UAE CM
ENG CM
Russian CM
Dutch CM
Spain CM
And we are keen on opening new one, if we find the correct and organic motivated CMO to handl and expend to these countries.
Feel free to send an email to g.provent@escrowprotocol.app
Do you have plan to include staking in your ecosystem? If yes, When will be the staking program be launch?Coco G :
Yes, indeed we have.
It is not disclosed yet since we are working on the Math there.
We will burn a significant amount of token which was allocated for IDO’s
We have a burn system that will be evolutive while new project i using our redeemable NFT
And we are seing an opportunity that might be submited through governance for the yield farm reward (80%) through a buy back, and a distribution. To allow people to freely hold there tokens,to increase their investor score or selling them for financial reward
Do you have any whitepaper or lightpaper? Can you tell me From where Can I get more Information about your project?Coco G :
Every thing is here
https://www.escrowprotocol.app/
and there
https://t.me/Escrow_Protocol_Chat
How big is your marketing team and do you have an experienced team ? Are you a public team and how can we trust your project is legit?Coco G :
Yes we are working with two well known marketing company with more than 100 projects each.
We are developing a steady flow of campaign ( Gleam , competition, promotion KOL)
Our team is completly Doxxed, and our network of VC’s is bringing us nice flow of project incoming ( Metaverse, real world, GameFi)
all of this in safe ENV
Coco G :
This is some important info
How to Purchase Escrow Token?
Escrow Protocol is a blockchain-based Web3 oracle project that promotes start-up funding with milestone-based funding release and yield-farm allocation of Escrow held funds. Using Escrow Protocols, investors can fund start-ups with extended control of their financial contributions as the funding is released on the project’s successful completion of milestones.
At the core of Escrow Protocol lies the ESCROW token that helps investors participate in the services offered by the project and earn even better rewards. The immediate use cases of ESCROW token includes Governance, NFT Minting and Funding Opportunities.
Today, we will be discussing how to purchase Escrow Tokens using the Fantom ecosystem.
How to purchase Escrow Tokens?
The first and most important step is to add a metamask wallet and purchase one native token from the preferred native blockchain. Users can purchase BNB from Binance Smart Chain, Matic from Polygon or FTM from Fantom ecosystem. Today we will be following a BSC — Polygon — Fantom roadmap to purchase Escrow tokens using BNB. However, if you have an FTM token, you can skip the first few steps.
Add Fantom Network to Metamask Wallet
Network Name: Fantom Opera
RPC Url: https://rpc.ftm.tools/
ChainID: 250
Symbol: FTM
Block Explorer URL: https://ftmscan.com/
Purchase USDC token on Binance Smart Chain using the contract 0x8ac76a51cc950d9822d68b83fe1ad97b32cd580d
Use the Multchian Bridge to transfer USDC from BSC to USDC Polygon.
Using the same Multichain Bridge, convert your USDC Polygon to USDC Fantom.
(Pro Tip — to reduce the average cost of the transaction, users can flatten their orders which will increase the time but lower the fees)
To Flatten the Order
Users can reduce transaction costs by using multiple DEXs for a transaction. For instance, for a budget of 5000 USDC, the users can use two DEXs where ESCROW is listed.
Quickswap
Purchase ESCROW token worth 2500 USDC from Quickswap using the contract 0xCf6BaA0Ede177f446da2aa111a594E6FcEe89669.
Alternatively users can follow this direct link.
Wingswap
Purchase ESCROW token worth 2500 USDC from Wingswap using the direct link.
Note- Double check the Contract as 0xe613a914bbb433855378183c3ab13003285da40a
Now you have ESCROW tokens worth 5000 USDC on Quickswap and Wingswap.
Adding Liquidity on Wingswap
The next step to get even better rewards from the ESCROW token is to add liquidity to Wingswap using the API.
After adding liquidity, you will receive LP tokens on the Wingswap farm.
About Escrow Protocol
Escrow Protocols is a decentralized Web3 accelerator and crowdfunding platform curated to provide investors extended control over their invested funds. The project leverages the best of blockchain technology and DeFi services to create an all-inclusive investment hub, a simple and easy-to-use platform where investors can safely and reliably support their favourite projects.
The features of Escrow Protocol Includes a DAO, Yield Farming Protocols, NFT ID-Badges, a high-end, easy-to-use interface, allowing current non-crypto users to get involved, governance model, reputation-based scoring system, and white-label escrow service.
To learn more about Escrow Protocol, visit
Telegram Chat | Telegram Channel | Twitter | Website | Twitch | Medium | Facebook | Instagram | Youtube
Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about ESCROW PROTOCOL.
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