[ANN] Natmin Pure Escrow - Escrow Services powered by Blockchain Technology

[Kinkadeinspired]

I carry out trade in a popular escrow service in my country *wouldn't share the name for sake of avoiding promoting them here, and I know it have been one of the most effective mode of selling my ETH... But then again they charge some considerable amount for fee

When you talk about fraction of cost as payment can you give a mathematical idea of what that means?

Other escrow services normally charge around 5% and sometimes even more. Our normal transaction fee is always 1%. Dispute transactions carry an additional 3% fee.

How long does it take to resolve dispute using your escrow service? I mean when I have strong evidence I didn't receive any payment

The party who initiates the dispute transaction will be able to set the time frame. The minimum is 24 hours, as this will give the other party sufficient time to provide their evidence.

Isn't 24hrs minimum quite long timeframe in a case where the first party is in dire need of money for maybe an emergency case? 

If your that in need of money i doubt your going to be using this as your source for money i mean almost all lending services are going to take longer than 24 hours especially doing it person to person securely, if your lending from a trustworthy person you wouldnt need an escrow

I think you misunderstand the question. Everyone uses escrow for security, you can hardly trust anyone when it comes to dealing in crypto. But in a situation where you have transacted and need money urgently, isn't 24 hours too much?

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[natmin]

I think you misunderstand the question. Everyone uses escrow for security, you can hardly trust anyone when it comes to dealing in crypto. But in a situation where you have transacted and need money urgently, isn't 24 hours too much?

That is, unfortunately, the contract you will be subjected to. Before the transaction begins, both parties need to agree to the contract terms and one of the items on the contract will be the time period in which you are bound.

[Nathan01]

I carry out trade in a popular escrow service in my country *wouldn't share the name for sake of avoiding promoting them here, and I know it have been one of the most effective mode of selling my ETH... But then again they charge some considerable amount for fee

When you talk about fraction of cost as payment can you give a mathematical idea of what that means?

Other escrow services normally charge around 5% and sometimes even more. Our normal transaction fee is always 1%. Dispute transactions carry an additional 3% fee.

How long does it take to resolve dispute using your escrow service? I mean when I have strong evidence I didn't receive any payment

The party who initiates the dispute transaction will be able to set the time frame. The minimum is 24 hours, as this will give the other party sufficient time to provide their evidence.

Isn't 24hrs minimum quite long timeframe in a case where the first party is in dire need of money for maybe an emergency case? 

If your that in need of money i doubt your going to be using this as your source for money i mean almost all lending services are going to take longer than 24 hours especially doing it person to person securely, if your lending from a trustworthy person you wouldnt need an escrow

Since it's done on the blockchain and promises to be autonomous wouldn't it be nice that the timeframe is optimized to a shorter distance between opening and closing dispute

[Ace44]

I really like the self-regulated system, nodes and votes is a fair way of resolving disputes. Applications to become a node are open to everyone. One of the team members on the Natmin telegram also confirmed that if they notice the system is being abused they will bring in the necessary changes to eradicate any suspicious activities. The team have really thought of everything.

Yes, that's like creating an autonomous community, creating an avenue whereby users actively participate in whatever that's happening in the platform, will boost the community and its also stated on their whitepaper that those who are involved in resolving of disputes will be rewarded with natmin tokens, which is another way of building value around the token

[faulerwilli]

I just looked at the whitepaper in my language. If someone was paid for it, then I would reclaim the money, it just seems to have been sent through the Google Translator. Although I think the idea of ​​multilingual Whitepapers is good, they do not make much sense if translated poorly

[ethtrader16]

Did you guys know that they have a demo platform? i did not notice at first but i saw it on their website and tested it out, it is very easy to use and has a clean look to it.

Yeah, even I seen their video but not tested it. If we visit on that webpage you will find there demo ID & Password for demo platform.

[AngelJoshua]

When first time heard about Escrow, I thought it's just one service, supporting one or two products. But no, definition of Escrow is very wide.

Yes Escrow is not only for one or two products. It can also use on some other products that you can make any transactions either online or offline. Also I thought Natmin will going to be a Escrow for crypto but I confirmed on their telegram that we can also use it on different products.

[Darkoth89]

I just looked at the whitepaper in my language. If someone was paid for it, then I would reclaim the money, it just seems to have been sent through the Google Translator. Although I think the idea of ​​multilingual Whitepapers is good, they do not make much sense if translated poorly

Lol, maybe bring that up with the team, if you can do a better job might get a reward for doing so?

[RyCriptoC]

When first time heard about Escrow, I thought it's just one service, supporting one or two products. But no, definition of Escrow is very wide.

Yes Escrow is not only for one or two products. It can also use on some other products that you can make any transactions either online or offline. Also I thought Natmin will going to be a Escrow for crypto but I confirmed on their telegram that we can also use it on different products.

Yeah, I am following their telegram channel and I saw this information. Natmin platform will help large number of people to use the escrow services.

[CrypticBabe]

Did you guys know that they have a demo platform? i did not notice at first but i saw it on their website and tested it out, it is very easy to use and has a clean look to it.

i wasn't aware of it!
is it operational now? i mean can we make Deal or anything?
provide the link please

[Suke_Teki]

I see your main sales have started and have collected 147 ETH at the beginning of the sale, while the remaining time is still very much 91 days, please tell me how much is your softcap?

[nesh1]

Did you guys know that they have a demo platform? i did not notice at first but i saw it on their website and tested it out, it is very easy to use and has a clean look to it.

i wasn't aware of it!
is it operational now? i mean can we make Deal or anything?
provide the link please

Here is a link to the demo: https://www.natmin.io/login?type=demo, you can also find it on their website besides that Natmin also has a demo explainer video here: https://www.youtube.com/watch?v=VmoWGiqfZrs&.

[ibininja]

Did you guys know that they have a demo platform? i did not notice at first but i saw it on their website and tested it out, it is very easy to use and has a clean look to it.

Ya they do; I did not test it out yet though. I think the escrow field is quite huge and because they have the smart contracts do everything that would make them standout in terms of transparency.

[ning_aric]

I just looked at the whitepaper in my language. If someone was paid for it, then I would reclaim the money, it just seems to have been sent through the Google Translator. Although I think the idea of ​​multilingual Whitepapers is good, they do not make much sense if translated poorly

Lol, maybe bring that up with the team, if you can do a better job might get a reward for doing so?

Lol. I didn’t know some else would notice that. But the whole idea of the project was clearly stated and could be understood. I don’t think anyone would miss to see that the project is unique As well as the project tokens use on platform and details.

Also, You could ask questions on the telegram community.

[chan001]

I just looked at the whitepaper in my language. If someone was paid for it, then I would reclaim the money, it just seems to have been sent through the Google Translator. Although I think the idea of ​​multilingual Whitepapers is good, they do not make much sense if translated poorly

Lol, maybe bring that up with the team, if you can do a better job might get a reward for doing so?

Lol. I didn’t know some else would notice that. But the whole idea of the project was clearly stated and could be understood. I don’t think anyone would miss to see that the project is unique As well as the project tokens use on platform and details.

Also, You could ask questions on the telegram community.

The job of translation should be given to native language speaker, writer. It should not be translated using Google. Many statement gets changed in Google Translation.

[Ace44]

When first time heard about Escrow, I thought it's just one service, supporting one or two products. But no, definition of Escrow is very wide.

Yes Escrow is not only for one or two products. It can also use on some other products that you can make any transactions either online or offline. Also I thought Natmin will going to be a Escrow for crypto but I confirmed on their telegram that we can also use it on different products.

One good aspect of the project that got me is the flexibility, formerly i thought it was created to only satisfy the blockchain industry but when i asked about that, they clarified me that even conventional brands can use it, so they have a huge market to satisfy if they play their cards right and i hope to see them excel because this is highly needed in the community 

[Kinkadeinspired]

I think you misunderstand the question. Everyone uses escrow for security, you can hardly trust anyone when it comes to dealing in crypto. But in a situation where you have transacted and need money urgently, isn't 24 hours too much?

That is, unfortunately, the contract you will be subjected to. Before the transaction begins, both parties need to agree to the contract terms and one of the items on the contract will be the time period in which you are bound.

So, in essence, the transaction time frame is subjected to a contract and the minimum time frame is 24 hrs? still that is a bit too much if you ask me, since its done on the blockchain a more faster period would be ideal.

[nxnqauff]

I just looked at the whitepaper in my language. If someone was paid for it, then I would reclaim the money, it just seems to have been sent through the Google Translator. Although I think the idea of ​​multilingual Whitepapers is good, they do not make much sense if translated poorly

Lol, maybe bring that up with the team, if you can do a better job might get a reward for doing so?

I think this information should be informed to the team. They will do the needful. No project wants their white paper translated version to have mistakes.

[faulerwilli]

I just looked at the whitepaper in my language. If someone was paid for it, then I would reclaim the money, it just seems to have been sent through the Google Translator. Although I think the idea of ​​multilingual Whitepapers is good, they do not make much sense if translated poorly

Lol, maybe bring that up with the team, if you can do a better job might get a reward for doing so?

Unfortunately, my translation skills are not much better than Google Translator :-)
But I've already met some translators who regularly translate white papers and do very well

[phantam]

I just looked at the whitepaper in my language. If someone was paid for it, then I would reclaim the money, it just seems to have been sent through the Google Translator. Although I think the idea of ​​multilingual Whitepapers is good, they do not make much sense if translated poorly

Lol, maybe bring that up with the team, if you can do a better job might get a reward for doing so?

Unfortunately, my translation skills are not much better than Google Translator :-)
But I've already met some translators who regularly translate white papers and do very well

Sadly getting quality native speakers for translations in this industry seem to be quite difficult to find I’ve noticed from other projects that have been hunting for native translators so I imagine their having the same issue