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
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.
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.
IntroductionEscrow 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 or simply
https://telegram.me/c2tradeRoadmap to issuance of token ECSXCrypto*Trade 2.0 FrameworkObjective: 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
Round 1#160630
Impairment: 2 BTC
Victims: 4 cases
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/ESCXAuction styleJust-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.
ClaimsAll 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.
ControlsThe 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 DisclosureA 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 FeesThere 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.
#TokenIssuerAdmin 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.
#EscrowMembersEscrow 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.
#EscrowInvestorsEscrow 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.
#CT2TradersCT2Traders 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
#GuestsOrdinary 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:#EscrowAddressA multisig BTC address held by 2 of 3 escrow members. Used it to keep for ICO funds, claim funds, escrow transactions and escrow fees
#DevelopmentAddressA multisig BTC address held by 2 of 4 lead escrow investors. Used it to authorize tranches of bill payment arises from development order
Payout in BTC
[18.3.2017] Development Address: 39CKv4fRZSRiRpxkcs4B4ebeRr43XSUpyJ
A solo ESCX pool address which has leftover of unauctioned and unsold unit of ESCX held by admin, derived outcome of votes from ESCX holders. Used it to authorize tranches of bill payment arises from development order
Payout in ESCX
[6.6.2016] Development Address: 1AXgQdNmANYQgu4KXYRFTCKS6A26no9bek
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
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