Bitcoin Forum

Introduction
Escrow X (ESCX) is a cryptocurrency transacted on the Trust/Rating network - a decentralized way to check bitcoin holder credibility platform. Market maker and Market taker can exchange ECSX for insurance protection particularly reimbursement and claim of losses on the network. Visit https://telegram.me/joinchat/AsM5oj39qEMP-zoBm31NDA (https://telegram.me/joinchat/AsM5oj39qEMP-zoBm31NDA) or simply https://telegram.me/c2trade

Roadmap to issuance of token ECSX
Crypto*Trade 2.0 Framework

Objective: To offer insurance protection of each trade carry out through escrow service here

Assets
*included @EchoesBot
*included @EscrowBot
*excluded @robocops_bot
*excluded @cerebros_bot

Credibility: Issuance of token shall never exceed the losses reported and incurred by Crypto*Trade 2.0

:-\ :-[ Statistic of incidents ??? :(

Details of token
Abbreviation: Escrow X (ECSX)
Amount to be raised: 2 BTC
Expected Price: 0.001 ECSX/BTC
Par value: 1 BTC to 1000 ESCX
In Circulation: 2000 ESCX
Registry: Sidechain of Blockchain
Date of Launch: 31 July 2016
#TokenIssuer: @jslim18
#EscrowMembers: @jslim18, @JamesG07 and @okcoin
More information: http://blockscan.com/assetInfo/ESCX

Auction style
Just-subscribed is the best and ideal outcome, 2000 ESCX hold by various escrow investors at IOU price of 0.001 ESCX/BTC, amount raised is 2 BTC which is the verified claim, payable to victims and we shall achieve 100% reimbursement rate, i.e. full claim on losses.

Over-subscribed will have victims achieved full reimbursement claim of losses. Instead of rejection, the excess of amount raised in BTC goes to #EscrowMembers for future development, whereby the price of ESCX will be adjusted accordingly at the time of market rate.

Under-subscribed will have lower reimbursement rate claim on victims losses, it is one time off payable amount in BTC. Instead of giving away, the excess IOU will be kept and held in reserves by #EscrowMembers for future fund raising, whereby the price of ESCX will be adjusted accordingly at the time of market rate.

Claims
All claims are associated with supporting documents to be submitted to #EscrowMembers for further review on case by case basis. In case of a tie, referendum will be conducted and all votes count towards the final decision to pay or not to pay a victim.

Controls
The board will take false claim and cheating as bank run very seriously and may reject/accept a claim or postpone it till much clarity.

Risk Disclosure
A purchaser is bound to agree to the risk nature associated with the IOU token. It grants you the rights to own part of Crypto*Trade 2.0 network and equity, that you are fully aware of the raised fund of each round where it heads to in return to the credibility of escrow.

Subscribed Fees
There is 1% chargeable fee, one-time off upon subscription to the IOU token at launch and #EscrowMembers shall collect the payment.

Grace Period
The IOU token will have 7 days cooling off period with full refund.

Revenue
To justify the sustainability and growth in escrow service, one of the income sources would be the escrow fees it gets for each successful transaction and others could be from memberships subscription.

#TokenIssuer
Admin shall remain as the sole issuer of ESCX token in Crypto*Trade 2.0 who is responsible to liaise to/from multisig escrow members route and thus are NOT allow to carry out any sales related of token directly.

#EscrowMembers
Escrow members are elected candidate to carry out duty to ensure a smooth transaction can happen between a buyer and a seller. Escrow members are responsible to carry out the sales of ESCX token, to justify the new amount of token and to decide on the outcome of a claim, all you need is 2 of 3 approvals or in case of tie, a referendum will call in.

#EscrowInvestors
Escrow investors are the ultimate owner of Crypto*Trade 2.0 and capable to dissolve the formation of escrow members after each new round of amount of token released to public due to claims. But, escrow investors are prohibited to make any decision in the progress of claims which may affect the outcome.

#CT2Traders
CT2Traders are trusted dealer networks who registered with @cerebros_bot and got an introducer who has transaction history with track record, ranked by public and credit risk secured by insurance protection.

Classification of membership:

#Verify Members (VM)
Trader who obtained a pass in our verification system and eligible for ESCX Insurance on volunteer basis or by invitation only

#Non-Verify Members (nVM)
Trader who has long trades of history (5 individual trades) in the group that honoured a transaction without fail, vouched by 3 other members ie. A proposal, A seconder and A witness. The 3As' must have either​ fulfilled one of three criterion outline here, been active for one year, recognized as VM and dealt with the person before. You will be automatically tagged in our Gazetted Master List (GML) as somehow trusted. However, nVM are not entitled for ESCX Insurance. Deal at your own risk

#Guests
Ordinary member who joins the group for fun, chit-chat, discussion of crypto and perhaps meet up for business idea, expand networks relationship and do not get involved in any transaction or trade at all.

Classification of wallet:

#EscrowAddress
A multisig BTC address held by 2 of 3 escrow members. Used it to keep for ICO funds, claim funds, escrow transactions and escrow fees

#DevelopmentAddress
A multisig BTC address held by 2 of 4 lead escrow investors. Used it to authorize tranches of bill payment arises from development order





How to become a verify member @c2trade?

#. Go to sign up an account at https://onename.com and ensure the compulsory same username you pick up is tally with Telegram ID
#. Fill in your details, you got to have at least the following:-
##. A clear profile picture, group photos is not acceptable
##. Full name as per identity with 2+3 asterisk to retain some of your privacy
##. Location, just the name of city of your current residence
##. Bitcoin address, your ESCX wallet address
##. Description, your international format cell phone contact number
##. With at least 2/3 verifications activated, Facebook or Twitter or Github
#. Do inform moderator once you already adhere with houserules and you become a verify member in Crypto*Trade 2.0 @Cerebros_bot. However, you must maintain at least 20 ESCX collateral at all time to stay as active.

Download the Indiesquare apps from Playstore/Appstore at https://wallet.indiesquare.me/

Use only that receiving address found in Indiesquare wallet for both your BTC and ESCX transactions, all trades made @c2trade from now onwards. Listen, you got to update this wallet address at onename.com profile page. Try not to make low level mistake, always remember to backup paper key in your settings and keep it safe

Additional Supporting Documents
Primary Verification
Proof of Identity
~Passport or
~Driver’s License or
~National Identity Card

Secondary Verification
Proof of Residence
~Bank Statement or
~Utility Bill or
~Tax Return

Tertiary Verification
Proof of Cellular
~SMS
~Voice

Moderators will help you to get verify membership status @c2trade. Ensure that your proof of residency is issued no older than 3 months, with all images to be strike out “FOR CRYPTO*TRADE 2.0 ONLY” visible at least 300dpi resolution or higher. We reserved the rights to use external resources eg. awwapp.com or live webcam to randomly spot check the qualitative membership of traders from time to time

Any new update on this?

How can I help with this project?

this could be very interesting small number of tokens

...we took a small step for a big dream.

The scheme is set to launch as scheduled.

Work needs to be done on the bot. Interested, please contact us.

Come visit us https://telegram.me/joinchat/AsM5oj39qEMP-zoBm31NDA

Fingerprint=EF90 9CAA F8EB 3FBD 2F27  590D 2034 61E8 58AD 8138
https://pgp.mit.edu/pks/lookup?op=get&search=0x203461E858AD8138

Cool interesting project, I'm watching is there any way i can help with this project ?

What the pioneers there can assure you is that you won't lose out by helping others and that we are for reputation and the trust held in our escrow system while providing a sustainable business growth model to our investors. Imagine a warm charcoal in snow storm to needy who was trapped financially due to malicious act. Come and join our group, let's make it live!

Keep us updated on the progress

A very much anticipated ESCX ICO launching event is happening now. You are advised to read the pinned message as an ESCX holder.

For ESCX token distribution
ESCX pool address:
1AXgQdNmANYQgu4KXYRFTCKS6A26no9bek

For BTC payment collection
ESCX trust account:
32EyQiKfmqAz8AA5PcabUVbUsxSxWVif6w

How do I proceed from here to collect my ESCX token?
#. Download the Indiesquare apps from Playstore/Appstore at https://wallet.indiesquare.me/
#. After you make BTC payment to ESCX trust account, inform admin about your receiving address found in Indiesquare wallet. Try not to make low level mistake, always remember to backup paper key in your settings and keep it safe
#. Admin requires another escrow member to confirm the payment transaction before the release of ESCX to each and individual from the pool address, appreciate your audit work

What's next?

It's about verification
#. Go to sign up an account at https://onename.com and ensure the compulsory same username you pick up is tally with Telegram ID
#. Fill in your details, you got to have at least the following:-
##. A clear profile picture, group photos is not acceptable
##. Full name as per identity with 2+3 asterisk to retain some of your privacy
##. Location, just the name of city of your current residence
##. Bitcoin address, your ESCX wallet address
##. Description, your international format cell phone contact number
##. With at least 2/3 verifications activated, Facebook or Twitter or Github
#. Do inform moderator once you already comply with houserules and you become a verify member in Crypto*Trade 2.0 @Cerebros_bot. However, you must maintain at least 20 ESCX collateral at all time to stay as active.

How long does it last?

Who cares?  Just another attempt to transfer btc from fools to thieves.

The so called escrow is the OP and his buddies.
#EscrowMembers: @jslim18, @JamesG07 and @okcoin

no bounty?

why?

Their goal is to make/scam money not give it away.

Alright, freebies? Nope. Sorry, we are way too under-subscribed and no intention to get hype in a big wave either. We just wanted to settle the old claims upon us and move on, possibly with some left over for further development since the creation of the Crypto*Trade 2.0, one of the leading bitcoin trading groups in Telegram. It is merely an offer for you to subscribe as an ESCX holder, part of owner and become a verify member there.

this thread open in july 2016
so ico selling is finish and end or still ico selling
use escrow or not, if direct send, where is addres, and where walet escrow coin
and where exchanger acepted escrow coin

I am a bit shy to admit that. Yes, you were right. The ICO was opened since July 2016 till Jan 2017, possibly the longest yet most quiet ICO dated out here. We had it closed for registration a few days ago as we already achieve that subscribed target in Crypto*Trade 2.0. Download the Telegram apps and join our group https://telegram.me/c2trade and you may get the historical development over there with all the logs and details.

The ICO collection is payable to the escrow address as it acts as a trust account in the group. Once other escrow members confirm the collection, then only admin is allowed to distribute it from the ESCX pool address to each and individual.

Here is schedule of timeline
[08.01.2017] ~ESCX Registration closed
[15.01.2017] ~ICO Pay up due date
[16.01.2017] ~Escrow members +2 to audit and verify each transaction
[17.01.2017] ~Admin to release ESCX from pool address
[22.01.2017] ~ESCX is tradable within the Crypto*Trade 2.0 community
[23.01.2017] ~Grace period to refund the ICO is over
[25.01.2017] ~Developer team to ensure bugs free platform
[28.01.2017] ~Open to guests who wish to sign up at @Cerebros_bot and become a verify member
[31.01.2017] ~ESCX is tradable offshore exchanges

It will be immediately trade-able among members in the group after 22.01.2017 and we will slowly open up to offshore exchanges, since we use the counterparty platform, it should be the first trade-able offshore exchange and the rate should be determined by the present market and liquidity.

untill now how much btc raised about ico?

U been running this ICO behind the canvas since july, right? For what purpose? Lol I will arrest u if I see u again posting in this thread. U can't run this on bitcointalk forums, u'd better try getting donations from ur fellows and roommates. But make sure to set age limit for participation in ur crowdfund to 13.

We successfully raised 1.74 BTC out of 2.00 BTC, =87% which is under subscription on 17 January 2017. In other words, achieved indemnity of 87% per case. So, 1740 ESCX will be released to each and individual, the balance of 260 ESCX will be kept by the pool address.

See here at https://blockscan.com/assetinfo/ESCX#assetholders

Moving forward

In order to thrive further and put it to a more sustainable growth path of marketplace in longer term period, Crypto*Trade 3.0 is born. We are currently in talk with other group leaders to achieve common ground. It is a private group, added manually only with invitation given to traders who have actually fulfilled our stringent criteria set out here.

#. You use an Indiesquare wallet
#. You are already a VM @c2trade
#. You are an Escrow Committee who hold at least 20 ESCX


What's next?

Crypto*Trade 3.0 will continue to co-exist with @c2trade. To further safeguard the cryptocommunity, some measures are introduced on top of existing houserules as we are preparing to integrate our ESCX membership token in various exchanges. In other words, there is a free float cost of membership that is determined by the market force if you want to join us.

Ideally speaking, for a new group with no socialized community losses whatsoever then your membership should be nil that is no cost to join. However, we do have some cases happened in the past unfortunately, settled and brought forward. You got to check our historical development in the group @c2trade. Hence, our cost of each token is set at 0.001 ESCX/BTC which indicates 15% discount of last done price, available to purchase from ESCX Treasurer, while stock last. Payment is made to Treasury address to reduce workload of audit and make it easy to cross check in blockchain. Use the address from Indiesquare wallet for both BTC and ESCX transactions. No third party transfer - Proof of Receipt.

In the old group @c2trade, we are going to introduce new measure to ensure it reaches far greater audience and horizon in cryptocommunity. The membership renewal fees is set out below. Well, admin team will carry out duty to scrutinize all activity diligently from time to time with integrity, ethics and profession.

OPT1: Send 1 ESCX per year as your membership renewal fees to Treasury address

OR

OPT2: You can simply ask for a waiver by bringing in another 10 referrals or new friends per year via 'add member' feature @c2trade to keep counter in check

Failure to do so will have your ads post removed from the group. We encourage you to promote our ESCX membership to your friends and traders. Often enjoy more direct deals with ample liquidity in marketplace if you feel being part of us and no more third party intermediary deals.