Hello, fellow cryptocurrency users.
We are the team behind FlexDeal (
https://flexdeal.tech)! We aim to solve the problem of people not holding up their ends of their bargains. Look at this forum! There are plenty of scammers and scams (among many legit users as well). Knowing this, me and my partner created an Ethereum Smart Contract to help facilitate deals.
The basic flow is this:
- Set who you and the other party are.
- Declare an arbitrator.
- Set the payment.
- Set collaterals.
- Fund the deal.
After this, either party can call in the arbitrator, or if both sides say everything is ok, the payment is released and collaterals are returned.
If the arbitrator is summoned, they can do a mass refund (and collect both collaterals), or say one party is in the right (who would get the payment and their collateral baack). To keep arbitrators honest, we're also launching a Discord bot with a transparent DB to rate different accounts.
We differ from other services. How? We run a fee-less smart contract. Unless an arbitrator is summoned, no one can control your deal. We get no profits from it. We also work with various ERC20s, not just a single coin. We have a poll on our site to determine what coins we'll launch for.
If you want to chat with us, or learn more, feel free to join our Discord!
https://discord.gg/meNFytb
