Quick-cycle is HERE to make life easier for streemians and get more value for our SBD and STEEM, You can exchange your SBD/STEEM directly to your LOCAL CURRENCIES/BTC without going though the stressful process of an exchange website.
How Quick-cycle Escrow works
Buyer and Seller agree on a rate/price
Seller sends SBD/STEEM to escrow
Escrow acknowledge receipt of STEEM/SBD
Buyer sends money (currency) to Seller
Sellers acknowledges recieved funds.
Escrow release SBD/STEEM to buyer , buyer acknowledge receipt of Currency from escrow .
NOTE: TRANSACTIONS ARE INITIATED OPENLY ON THE GROUP.
Why should I trust this process?
The escrow team is made up of 4 members of the project team, namely @topchuqs, @kcester @tochprince @powellwoods. They are the only ones who have access to the account information of the account. Though we cannot prove our trust by merely telling us to trust them or merely telling you they trust themselves, but we believe with a couple of transactions and as the project moves on, the level of trust would be boosted.
Quick-cycle helps to reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses SBD when both Buyers and Sellers are satisfied. All transactions are open on the steemit blockchain and can be easily confirmed by all when payments are received or not.