The concept of escrow services has attracted the attention of investors over the last six months. Many startups have promoted the idea that investing in country offices can be protected by escrow mechanisms, which have various applications. For example, a start-up called Escroco, which organized its pre-ITO and ITO tours in the fall of 2017, offered a reserve of funds to grant repayment of losses.

Why freeze tokens?

Escroco describes itself as an escrow and insurance service that aims to connect investors with borrowers in a way that reduces risk and maximizes profits.

The team states in the project's white paper that its Escroco architecture is limited in the supply as well as highly needed, "thus mitigating inflation, extraction and destruction. Improved control of the currency on the market. "

The basic idea of ​​a receiver is that the funds must be raised with all the risk of loss being insured. For example, a startup plans to use frozen deposits. When a borrower wants to borrow large amounts of Bitcoin, he will have to use a Escroco token. The token will be frozen in an escrow account. But at the end of an investment package, the borrower can recover Escroco

A referral fee is associated with investment packages. According to the white paper, "It must be paid by the borrower who created the package based on his patronage." These fees are based on a percentage of the cost of investment. Fees are only collected when investors successfully establish an investment contract on a particular package.

In addition, the start-up set up a security fund with nearly a third of its chips. "Of the symbolic production, two mln out of 3.1 mln ESC will be in circulation, while 1.1 mln will be in a security fund account and used for such purposes. At the same time, a very small percentage of the profits of the investors will go to

According to the team at Escroco in Bitcointalk, the project is quite different from Bitcoinnect or any other loan piece: "Our module is new and we are more close to salt and ether, but we give investors the interest paid by the borrowers.

Airdropping a new token

On January 15, the Escroco team revealed on Twitter the plan for issuing and delivering 39, a new token, its users, who called Escroco Cash Airdrop (ESA).

The revelation states that Escroco "will dump a new chip that will be worth $ 1 ( at least for the first few weeks), which our holder will get for free at 4: 1- four ESCs get an ESA. those who keep their room on waveswallet.io will be able to get the new room.

Up to now, the Escroco project has completed the first and second rounds of the ITO.The next round, ICO, is scheduled for the third quarter of 2018. In January 2018, the start-up also released the platforms for borrowers and investors.

Today, Escroco chips can be purchased at crypto exchanges. December 1, 2017, Escroco tokens are listed on two exchanges: livecoin.net and openledger.The two platforms offer many currency pairs, including ETH / ESC, BTC / ESC and BCC / ESC trades.