Escroco: The Escrow Service That’s Changing the ICO Game

The Rise of Escrow Services in ICOs

Investors have recently found themselves captivated by escrow services, particularly as they pertain to Initial Coin Offerings (ICOs). Escroco, a startup that launched its pre-ITO and ITO rounds in autumn 2017, is leading the charge with its unique approach to safeguarding investments through escrow mechanisms.

What’s All This Talk About Freezing Tokens?

So why are tokens getting the cold shoulder? Well, Escroco imagines itself as a combined escrow and insurance service. They aim to minimize risks for investors while maximizing returns, as outlined in their white paper. Sounds good, right?

Token Dynamics: Limited Supply, High Demand

Escroco’s strategy for their tokens is both intriguing and clever. By limiting the coin supply, they not only aim to keep inflation in check but also to enhance the overall control of their currency. Think of it like a limited-edition sneaker drop; everyone wants what they can’t easily get!

Insurance On Investments: How It Works

The crux of an escrow arrangement is a safety net for funds. When a startup wants to borrow substantial amounts of Bitcoin, they must collateralize it with some Escroco tokens, which are then frozen in an escrow account. Once the investment cycle ends, voilà—the borrower gets their tokens back. It’s like putting your money in a piggy bank and breaking it open when you need it!

Charges and Fees: The Borrower’s Investment Package

Every investment package comes with a referral charge, only payable by the borrower upon successful contract establishment. This fee is a percentage of the investment costs, ensuring that only successful outcomes lead to further expenses.

Building Trust: Safety Funds and Insurance Accounts

To build investor confidence, Escroco allocates around one-third of its tokens to a safety fund. They plan to have 2 million out of 3.1 million tokens in circulation, with the remainder safely tucked away. Plus, a small percentage of profits make their way to a separate insurance account. It’s like having a rainy day fund in case of unexpected expenses!

Enter the Airdrop: Escroco Cash Airdrop (ESA)

On January 15, Escroco took to Twitter to unveil its latest innovation—an airdrop of a new token named Escroco Cash Airdrop (ESA). Depending on your existing holdings, you could receive ESA tokens free of charge at a ratio of 4:1—four ESC grants you one ESA. Just be sure to keep your tokens on waveswallet.io, or you’ll miss out!

The Road Ahead: ICO and Beyond

With the first two rounds of their ITO complete, Escroco is gearing up for its ICO, slated for Q3 2018. In January 2018, they launched platforms to facilitate interactions between borrowers and investors. Currently, Escroco tokens can be purchased on crypto exchanges, with trading pairs including ETH/ESC, BTC/ESC, and BCC/ESC.