1. What is Escrow8 ?
The Escrow8 (ES8) token, a fundamental component within the Escrow8 Web3 service, is designed to offer a new level of security and transparency for financial transactions. It fulfills a dual role:
- B2B Solution: The ES8 token functions as both a primary and supplementary instrument alongside ETH and BSC tokens, forming the core of the Escrow8 service. It enhances the security and reliability of financial transactions within the platform.
- Promotion Mechanism: Beyond its utility within the platform, ES8 also acts as an incentive and promotional tool to expand the reach and adoption of the Escrow8 platform.
Escrow8 addresses the critical need for trust in a decentralized cryptocurrency market, where trust between parties is paramount. This token provides a secure mechanism by holding funds in escrow through a trusted third party until the transaction meets the predefined conditions. This approach minimizes the risk of fraud, which has become a significant concern in the crypto space.
Additionally, the Escrow8 service simplifies the process of transacting in cryptocurrencies, making it more accessible, particularly for newcomers to the crypto world. It offers a clear and guaranteed transaction mechanism, further enhancing user-friendliness.
The ES8 token implements a commission mechanism, with fees applied to each transaction. These fees are allocated as follows:
- 50% is earmarked for promotional activities and marketing, contributing to consistent growth and increased awareness of the Escrow8 service.
- 50% is utilized by the development team to create ecosystem products and promote them.
The Ethereum network hosts the token, which launched via a fair launch presale on Pinksale.It has a total supply of 888,888,888,888 ES8 tokens, with a 4% tax on transactions. The funds’ usage involves allocating 51% for liquidity, pledged for 12 months, and dedicating 49% to marketing promotion among Tier-1 calls.
Looking ahead, the roadmap outlines key milestones for the Escrow8 project, including the launch of the Escrow8 MVP app on Google Play and the App Store in December 2023, as well as a secure transactions app marketing campaign scheduled for March 2024.
In conclusion, the Escrow8 (ES8) token, in conjunction with the Escrow8 Web3 service, represents a significant advancement in facilitating secure and transparent financial transactions within the cryptocurrency space. It addresses the critical need for trust, minimizes fraud risks, and aims to make cryptocurrency transactions more accessible to a broader user base while actively reinvesting in its community’s growth and awareness.
2. Token Sales and Economics
| Token Name | Escrow8 |
| Token Symbol | ES8 |
| Token Decimal | 12 |
| Total Supply | 888,888,888,888 |
| Contract Address | 0x7AdBf655dC33c846592BAC722a3362858E88088c |
| Projects Age | 2 days, 14h, 36m |
| Contract Type | ERC20 |
| Compiler | v0.8.18+commit.87f61d96 |
| Sol License | Unlicense |
| Contract Created | Nov-04-2023 01:13:59 PM +UTC |
| Contract Language | Solidity |
| Related Audit | Available |
3. Roadmap and Updates
December 2023
Launch of Escrow8 MVP app and launch on Google Play and App Store
March 2024
Launch of Escrow8 secure transactions app marketing campaign
