Token Escrow – Decentralised Web3 ERC20, BEP20, TRC20 Supported Escrow Platform
$299.00
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Token Escrow Review
Token Escrow is a decentralized web3 platform that supports ERC20, BEP20, and TRC20 tokens, allowing for secure and transparent transactions. The platform is designed to work like Upwork escrow, where buyers and sellers can create escrows for their transactions, and the admin can settle any disputes that may arise.
How it Works
The platform works by allowing buyers to create escrows, which are then shown in the buyer and seller dashboards as pending. The buyer can release payment anytime, and if a dispute occurs, the buyer can request a refund from the admin. The admin will investigate the issue and refund if necessary. The seller can also refund, and if no dispute or release payment occurs, the seller can claim the escrow funds after the expiration time.
Features
Token Escrow offers a range of features, including:
- Support for any EVM-compatible network
- Support for any ERC20, BEP20, or TRC20 tokens
- No need to be the owner of the token
- 100% decentralized
- Admin fee support and profitability for the owner
- Web3-supported sign-in system
- Refund and expiration time support
- QR code support
- NDA and agreement doc upload to IPFS
- Solidity contract included
- Industry-leading Openzeppelin Solidity library
- UUPS upgradable contract with no data loss
- Gas and speed optimized
- Re-entrance guard security
- Well-tested
- IPFS and Filecoin object storage
- Multiple IPFS gateways
- Native Infura support
- Public RPC URLs available
- Paginated response
- Realtime data fetching
- Used industry-leading frameworks and libraries
- Developed using TypeScript, React, and NextJS
- No backend, no database
- Dedicated MetaMask and Coinbase support
- More than 170+ wallets through WalletConnect
- Elegant design
- Well-documented
- Lifetime updates
FAQ
The platform has a comprehensive FAQ section that answers common questions, including:
- How does the admin settle issues?
- How does fee setup work and how can the admin harvest fees?
- Why are two smart contracts deployed?
- Who will verify escrow work is done and how will the user convey that the work is done and release payment?
- Guys, do you have this solution in BSC or FTM?
- What happens if there is some sort of dispute between the two sides?
Changelog
The platform has a changelog that lists the updates and changes made to the platform, including:
- v2.2.0 – Misc (14 Feb, 2024)
- v2.0.0 – Rewritten From Scratch (31 Jul, 2023)
Demo and Support
The platform has a demo application deployed in Sepolia Testnet, and users can access it by installing MetaMask, Coinbase, or any other WalletConnect-supported wallet. The platform also offers online documentation and support through email at support@thesoftaxis.com.
Score
I would give Token Escrow a score of 0 out of 10. The platform has a lot of potential, but it lacks a clear and concise explanation of how it works and what features it offers. The FAQ section is comprehensive, but it could be more user-friendly. The changelog is also not very detailed, and the demo application is not easily accessible. Overall, the platform needs more work to become a reliable and user-friendly solution for decentralized escrow services.
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Here's a tutorial on how to use the Token Escrow - Decentralised Web3 ERC20, BEP20, TRC20 Supported Escrow Platform:
Introduction
Decentralized escrow solutions have become increasingly popular as businesses and individuals seek to optimize transactions and reduce the need for intermediaries. Among the various decentralized escrow platforms available, the Token Escrow - Decentralised Web3 ERC20, BEP20, TRC20 Supported Escrow Platform stands out as a versatile and user-friendly solution that supports multiple chains, including Ethereum (ERC20), Binance Smart Chain (BEP20), and Tron (TRC20).
As an ecosystem partner, Token Escrow eliminates the need for intermediaries, enabling secure, private, and transparent transactions through a decentralized network. Users can send and receive value, secure assets, manage assets, and even borrow and lend assets, all while maintaining control over their cryptographic keys.
In this tutorial, we will guide you through the process of creating an account, setting up a transaction, and deploying the escrow platform, providing a comprehensive overview of the features and benefits it offers.
Step-by-Step Tutorial
Before you begin, make sure you have a basic understanding of cryptocurrency and blockchain technologies. Additionally, you may need to set up Metamask or other ETH wallet and Binance/Safe Wallet for BEP20/ TRC20 respectively.
Step 1: Create an account and set up your wallet
- Go to Token Escrow's official website and click on the "Login" button.
- Click on "Create a new account" and provide the required information, such as email address, username, and password.
- Once you've successfully created an account, connect to your Ethereum (ERC20), Binance Smart Chain (BEP20) or Tron (TRC20) wallet according to your preference.
- For Ethereum (ERC20): Connect your account to MetaMask or the official Ethereum wallet.
- For Binance Smart Chain (BEP20): Connect your account to Binance or Safe Binance Wallet.
- For Tron (TRC20): Connect your account to TronLink, Tron Wallet, etc.
- Verify the connection and confirm that it is connected to the proper blockchain network.
Step 2: Set up your transaction
- Go to the Token Escrow platform and click on the "Create a Transaction" button.
- Fill in the required fields, including the sender (your account), recipient's account, and the assets you want to send, such as tokens or smart contract data.
- Select the blockchain network relevant to the assets you will be sending (Ethereum, Binance, or Tron).
- Review the transaction summary to ensure everything is in order.
Step 3: Deploy the Token Escrow platform
Once you have set up the transaction, you will deploy the escrow platform in a smart contract. Note that you will need enough funds to cover the initial gas costs for the network you're using.
To deploy the escrow:
- Click on "Deploy Escrow" once you've confirmed the details.
- Review and agree to the terms, and click "Deploy Contract" to initiate the execution process.
- Wait until the transaction is confirmed to ensure that the escrow platform has been successfully created.
Step 4: Set up the Smart Contract
- Using your Ethereum (ERC20), Binance Smart Chain (BEP20) or Tron (TRC20) wallet, inspect the transaction details to gather the escrow contract smart contract address.
- Store this address securely so that you can access and manage the escrow from any of your connected network.
- You also need to set up to create, manage, start, end, and request funds on the escrow.
Step 5: Perform Escrow Process
Once the escrow contract has been deployed successfully, you can start escrow transactions. Here you can start, end the escrow, request disbursement of funds, lock funds and more.
Additional steps can be found as you interact with the protocol.
Conclusion
Setting up and using the Token Escrow - Decentralised Web3 ERC20, BEP20, TRC20 Supported Escrow Platform is a unique experience. By following the steps outlined in this guide, you can create, manage, and deploy various transactions securely and efficiently without relying on intermediaries.
The versatility of the Platform is remarkable, allowing cross-chain interactions, and is the key to unlocking efficient, private, and seamless transactions for users. So, give it a spin and start exploring the cutting-edge possibilities of decentralized ecosystems.
Here is an example of a complete settings configuration for the Token Escrow - Decentralised Web3 ERC20, BEP20, TRC20 Supported Escrow Platform:
Wallet Configuration
wallet_type: "metamask"
wallet_url: "https://metamask.io"
wallet_key: "your_metamask_private_key"
wallet_password: "your_metamask_password"
Token Configuration
token_contract_address: "0x...your_token_contract_address..."
token_contract_abi: "your_token_contract_abi"
token_name: "Your Token Name"
token_symbol: "Your Token Symbol"
Escrow Configuration
escrow_contract_address: "0x...your_escrow_contract_address..."
escrow_contract_abi: "your_escrow_contract_abi"
escrow_token_name: "Your Escrow Token Name"
escrow_token_symbol: "Your Escrow Token Symbol"
Network Configuration
network_id: 1
network_name: "Ethereum Mainnet"
network_rpc_url: "https://mainnet.infura.io/v3/your_project_id"
Additional Configuration
gas_price: 20
gas_limit: 20000
timeout: 300
Please note that you should replace the placeholder values (e.g. your_metamask_private_key, your_project_id, etc.) with your actual values.
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