Overview
- Name: Escrow Protocol
- Token ticker: ESCROW
- Token Type: BEP20 BSC
- Website: https://escrowprotocol.app/
- Hard Cap: 21,000,000 BTC
- KYC: NO
- Registration Country: Canada
- Country Restrictions: Vietnam, Pakistan, Kyrgyzstan, Lebanon, Morocco, Indonesia, Bolivia.
- Presale: June 21st 2021 – July 23rd 2021
- Sale Date: July 24th 2021 – August 31st 2021
- ICO Token Distribution: (75%) Private & Public Sales, (10%) Team, (12%) Community Rewards, (1%) Company Reserves, (2%) Bounties
Company purpose and problem-solving ideas
The ESCROW PROTOCOL is a decentralized trust fund that combines traditional crowdfunding with blockchain technology and easy to engage smart contracts. Start-up projects looking for funding will set Roadmap Milestones and Timelines according to their actual capacity and realistic performance targets, setting a basis for making fulfillable promises.
A key goal of ESCROW PROTOCOL is to protect investors while building trust in upcoming projects’ initial coin offerings. Projects funded via ESCROW PROTOCOL are expected to deliver a successful product as soon as possible. Start-ups seeking funding will upload their Roadmap Milestone Targets via ESCROW’s Web interface and allocate a funding value to each step of their project development. As long as the company meets its promised milestones, invested funds are released.
ESCROW PROTOCOL is a bridge between traditional crowdfunding and the crypto space, providing security to investors and establishing credibility for projects.
Highlights
- As part of the ESCROW PROTOCOL, funds can be staked automatically. While their money is awaiting allocation to a pre-defined startup project, investors can receive interest payments.
- The ICO sale is conducted on the Binance Smart Chain. At the end of the Sale period, tokens will then be credited to investors on the newly developed ESCROW Blockchain.
- The Funding round will consist of four stages: first a seed funding round, followed by two early investor rounds, and finally a public ICO sale.
Token Usage
Access to the crowdsourcing platform
- The purpose of the ESCROW token is to ensure crowdfunding of startup projects with controlled asset allocation.
- Any start up project looking to raise funds through the ESCROW platform will be required to upload their roadmap and milestone targets. Each step of the business plan will then be allocated an appropriate funding value.
- These milestones and targets will be set by the project looking for funding. Each startup will then be able to set the Milestones and Timelines according to their actual capacity and realistic performance capacity. This is setting a basis for making fulfillable promises.
Investment Management platform
- Invested funds allocated to a start up project will only be released upon the completion of the promised milestones and targets.
- Investors will be able to vote on the release of funds in voting power relative to their investment stake.
- The ESCROW platform will also provide investors exclusive chat rooms. This will be helpful to focus conversations without interference from bots, fake users or promoters.
Token Distribution
- (75%) Private & Public Sales
- (10%) Team
- (12%) Community Rewards
- (1%) Company Reserves
- (2%) Bounties
Total supply: 1B $RWD Tokens
Token Allocation
- (45%) Marketing & Growth
- (10%) Payroll
- (30%) Project development
- (5%) Licensing & Legal compliance
- (10%) Bounties & Community
Team
- Dennis Schulte – CEO & Market Development
- Guillaume Provent – Blockchain and Data Systems Architect
- Andrew Reyes – Marketing Lead
Advantages
- Good value proposition: The ESCROW platform aims to limit principal risk as much as possible. According to their website, the main risk is within the initial funding round, with the release of the first payment which provides working capital to the funded project.
- An interesting way to gather stakeholders of a crypto project: More than just a crowdsourcing platform, the ESCROW platform also offers several features to help build a community of crypto investors with skin in the game,
Potential Drawbacks
- No mentions of regulations: Currently there are no mentions of how the team will deal with regulations linked to crypto projects or documents required from regulated countries.
This review was sponsored by ESCROW PROTOCOL. ICO Hot List does not endorse or recommend participating in any initial coin offerings. ICO Hot List has received compensation from ESCROW PROTOCOL to be featured in this article.