LARGO COIN – ESCROW SERVICES POWERED BY BLOCKCHAIN TECHNOLOGY
One of the most prominent issues that are being encountered by individuals in the cryptocurrency market is the issue of distrust among transacting individuals. This can be said to be as a result of the decentralized nature of the industry and the fear of losing one’s priced asset. The reason for this is not farfetched owing to the lack of integrity and dishonesty which is lurking in the industry.
In the midst of these issues of distrust ravaging the cryptocurrency space, stands a project in the armor of excellence and grace, riding on the chariot of competence and immense skill to bring salvation to the industry in the area of Insurance and Escrow service via the Largo platform.
LARGO COIN AND ESCROW SERVICES
The largo platform stands out as the most revered platform for the provision of escrow services to ensure that transactions are conducted safely and timely, protecting the interest of both parties and ensuring that the terms of the contract are adhered to. This would translate to greater satisfaction on the path of both the buyer and the seller. Irrespective of the value or volume involved in the transaction, the largo platform has an efficient system that guarantees that the transaction can be conducted seamlessly.
How the Escrow Works
Both parties involved in the transaction are expected to decide and set up an agreement before an invitation is made for the escrow provider.
The buyer pays for the escrow service along with the initial cost for the transaction. This is to be transferred to the Largo Platform and the Escrow provider would notify the seller when the payment has been confirmed.
After the fund has been secured and the confirmation has been made by the Escrow provider, the seller is expected to fulfill his or her part of the obligations according to the registered agreement by sending goods or providing services to the buyer. The seller is regularly required to provide tracking information to the buyer to monitor the state of delivery or shipment of goods.
The buyer accepts the services or goods provided or sent by the seller, inspects, and verifies the quality of goods or services complies with the initial agreement.
Once the buyer has accepted the goods or services the escrow provider further processes the payment transaction to the seller; in case the buyer refuses to accept the goods or services, the transaction is frozen in the escrow account and will only be released once the buyer and seller settle their differences according to their initial agreement.
LARGO ESCROW FUNCTIONALITY
TOKEN INFORMATION
CONCLUSION
The largo platform has been designed to ensure that every transaction is carried out with the utmost care. This has been authenticated with the assignment of a validator to every escrow service registered on the platform. The validator has the responsibility of revising the terms of the contract to ensure that both parties have fulfilled their obligations as defined in the contract, before funds are released to the deserving party.
PROJECT INFORMATION
WEBSITE - https://web.largocoin.io
ANN THREAD - https://bitcointalk.org/index.php?topic=5200762
TWITTER - https://twitter.com/largocoin
FACEBOOK - https://www.facebook.com/LargoCoinPublic
MEDIUM - https://medium.com/@largocoin
REDDIT - https://www.reddit.com/r/largocoin/
TELEGRAM - https://t.me/largocoin_chat
AUTHOR’S INFORMATION
BTT USERNAME - princecharles
BTT PROFILE LINK - https://bitcointalk.org/index.php?action=profile;u=1432114
WALLET ADDRESS - DBHwuMzcpSaa6CERJihycVzoBWtdVsSzd4