Blockchain Powered Escrow Service
Natmin Pure Escrow is a decentralized application that provides pure Escrow Services built on Blockchain Technology. We aim to revolutionize the Escrow industry by utilizing Blockchain Technology to facilitate Escrow transactions for a fraction of the price of conventional Escrow services.
Natmin is a self-regulating system that provides secure transactions between the buyer and seller with extremely low fees. Natmin utilizes smart contract technology to implement and regulate Escrow transactions. This removes the need for a middleman, thus reducing transaction costs and the possibility of fraud.
The Natmin Token (NAT) ensures utmost security and peace of mind between the buyer and seller. It is built on the widely used and accepted ERC20 / ERC223 standard using the Ethereum Blockchain.
How does Natmin work?
Step 1: Create Transaction
Either the buyer or seller can create the transaction.
Step 2: Agree to terms
Both parties are presented with the terms of the transaction and both need to agree.
Step 3: Buyer funds the account
Once the terms are agreed upon, the buyer will fund the escrow transaction account.
Step 4: Seller sends the items
Once payment is confirmed, the seller will be notified to send the items.
Step 5: Buyer receives the items
The buyer confirms receipt of the items or has the option to open a dispute.
Step 6: Seller funds are released
Once the transaction is settled, the funds are released to the seller.
There has been an influx of online transactions between buyers and sellers over the past several years, but unfortunately there has also been an influx of fraud in online transactions. This chart shows the increase of "buying and selling" related fraud transactions recorded in Australia alone over the past 4 years.
Six months into 2018 and the number of recorded fraud transactions has already reached a staggering $7,387,744. That is 74.1% of the total amount recorded in 2017.
This fraud could have been avoided if a secure and trusted Escrow Service was used to facilitate the transactions. Natmin Pure Escrow prides itself on providing a secure service to help prevent the losses consumers otherwise would have faced due to fraud.
Why use Natmin?
We live in a world where convenience has become the great commodity. Our time is precious, and anything that cuts down on wasted time is seen as a boon. Unfortunately, sometimes this convenience can lead to a degradation of quality. It's all well and good to offer a wide variety of products, but it's a vastly different matter to have everyone involved knowledgeable on all products. Sometimes the quality of care you receive is not as extensive as what you would get from someone who specializes in the product you are after.
Would you buy a big-ticket item like a car from a grocery store, or from a dealer whose job it is to know everything about the product they are selling and compare it to others in the market?
At Natmin Pure Escrow, we believe in a superior quality of service. How we deliver this to you is simple: our sole focus and specialty is Escrow services. We don't need to tie you down with unrelated offers or find other ways to grab your business, because our sole concern is Escrow services. We don't need to insert non-Escrow related services into our platform to make it more appealing, because that is not why you need us. You need us for Escrow services, and that is what we deliver. No gimmicks, no loopholes, no wasted time.
All of our time and effort goes into Escrow services. We believe this commitment and superior quality of service is what sets us apart from our competition, and what makes us the wiser choice in all Escrow related services.
Our vision is to develop a secure and trustworthy platform where buyers and sellers can transact, knowing their money is safe. We want to provide an effortless experience with low transaction fees.
We want to inspire confidence in the platform with the use of a Node voting system. Only valid and honest votes will be rewarded, thus promoting the truthful assessment of documentation provided. Points will be given to these Nodes, which will increase their reputation within the Natmin Platform.
Late Q2 2018
Demo Platform Launch
Demo Platform launched on private Ethereum Blockchain
Token Generation Event (TGE)
Token sale event will start early Q3 2018
Team expansion after successful TGE
Early Q4 2018
Closed alpha of the web app will be launched for testing
Late Q4 2018
Beta release of web app
This will be the first beta release of the web app
Production release of web app
This will be the final release of the web app
Mobile App: Android
Mobile app release for Android
Mobile App: iOS
Mobile app release for iOS
Adding Fiat conversion to the platform to increase wider popularity
Q1 2020 - Onwards
Additional features to be added to increase functionality