Decentralized Escrow

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Decentralized Escrow ICO details

Start Date: 2017-11-29

End date: 2018-1-27

    • Category: Platform, Software
    • Token: DES
    • Platform: Ethereum
    • Type: ERC20
    • Initial price: 1 DES = 0.001 ETH
    • Bonus:
    • Accepting: ETH
    • Hard cap: 66,666 ETH

Decentralized Escrow

DES – Decentralised Escrow Service (Descrow) is the first in the world and unique by its nature decentralised escrow platform for conducting ICOs.

Blockchain has proved its worth as a decentralized distributed ledger and growing worldwide interest in this subject testifies it directly.

Introduced by Blockchain, а new paradigm of relations between people that excludes intermediary services from this process, is not used to the full extent of its power, and it’s also being manipulated in part. The reason is that management of structures and operating services around

Blockchain are not different from the classical, capitalist approach. In its turn, ICO (Initial Coin Offering) – as a new type of business ideas and acting projects funding is gaining more and more popularity. The amount of money entering the economy, therefore, has been increasing from year to year and is already estimated at billions of US dollars. Moreover, the classic scheme of investment raising – crowdfunding, long established its viability and truly global scale also stands in the way of global changes and adjustment to the new e-commerce paradigm.
descrow
DES keeps up with the times, catches the market movement and will be a necessary deputy in the new economy development.

Descrow key aspects

  • Secured collection, storage and distribution of the funds and avoiding of unforeseen losses.
  • The platform splits up the project finance into the stages with temporary blocking of the funds designated for the further stages.
  • Voting as a way of evaluation of the feasibility of the project on every stage. The investor is allowed to finance the project at any moment in full while the amount of tokens he selected is transferred to him.
  • All uninvested funds are indemnified from the startup cancelation. The reserve fund within the Descrow platform is used for partial compensation of investor’s funds contributed during ICO.

How DES will be useful for cryptocommunity?

  • it will revitalize the market of capital raising both in crypto-industry, and
    in the sphere of crowdfunding;
  • it will reduce the number of unscrupulous projects that take advantage of
    financial illiteracy of population and poor knowledge of blockchain technologies.

As the general interest for crypto technologies grows, the newly arrived
investors sometimes neglect elementary safety rules and take the assertions of
so-called experts on trust.

Team

Sergey Besedin

Founder of Russian Blockchain Association

Ekaterina Tarasova

Pr-Director FB

Ilya Basuev

Director of Business Development FB

Anton Mitrokhin

CFO, co-founder

Juliana Olshevskaya

Project Manager

Tatyana Maximenko

Promotion

Alexey Karpov

Developer

Vladislav Rutskiy

IR-manager

Decentralized Escrow Advisors

Colbert Low

Senior Advisor from Malaysia

Denis Efremov

Venture strategist

Vladimir Popov

IT-lawyer

Vladislav Sapozhnikov

Ambassador of OpenLedger

Sergey Skabelkin

FinTech Expert

Max Taldykin

R&D

Md Mofassair Hossain

Mentor from Asia

Anton Akentiyev

Blockchain Developer

Bonnie Normile

Advisor

Simon Cocking

Senior Advisor Twitter

Anurag Rathore

Computer Science Engineer

Milestones

2017 May – August
- Project start. - Demo-model of escrow-smart-contract - Preparation to Pre-ICO
2017 27 August
- Start of Pre-ICO
2017 1 Oct
- Preparation to ICO; - Working with Community – gathering of feedback on Descrow improvement; Registration of the company, creation of the corporate structure; Team expansion
2017 22 Nov
Start of ICO
2017 20 Dec
- ICO completion; - Blockchain floating
2018 Q1 2018
- Development and implementation of Descrow
2018 Q2 2018
- Initial launch of Descrow; - Running of first ICOs within Descrow; - Advising and communication with startups; - Building relations with partners and investor
2018 Q3-Q4 2018
- Enhancement the platform with extra functions, building blocks and ancillary modules for simplification of projects fundraising process
2019 Q1-Q2 2019
- Development of Descrow solution for integration with third party blockchains, that provide the conditions for tokens issue and smart-contracts operation

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