The rise of the internet has led to the creation of a new economy, one where people can buy and sell anything online. However, this new economy has also brought with it new risks and challenges, such as fraud, scams, and security concerns. That’s where Zenland comes in – with our smart contracts, we provide a secure and transparent way for people to trade anything online.
With smart contracts are general use escrow contracts that store the specific conditions of purchase or sale along with its payment inside the blockchain. The transparency and trustless nature of Zenland contracts ensure the security of the ownership transfer and provide peace of mind for both parties involved in the transaction.
Zenland escrow smart contracts are a secure, trustless way to facilitate online transactions between two parties without the need for intermediaries. By storing the transaction details on the blockchain, Zenland escrow contracts ensure that both parties meet the agreed-upon conditions before releasing payment. This creates a transparent and secure environment for online transactions, reducing the risk of fraud and disputes.
Zenland Use Case
For example, let's say that Oscar wants to purchase a digital product from a seller he found online. With traditional payment methods, Oscar would have to send the payment first and hope that the seller delivers the product. However, with Zenland escrow contracts, Oscar can create a contract that includes the specific conditions of the transaction, such as the delivery date and the quality of the product. The payment is then held in escrow until these conditions are met, at which point the payment is released to the seller.
This system benefits both parties in the transaction. For the buyer, the escrow contract provides a guarantee that they will receive the product or service they paid for, reducing the risk of scams or fraud. For the seller, the escrow contract ensures that they will receive payment once they have delivered on the agreed-upon conditions, reducing the risk of non-payment or disputes.
Overall, Zenland escrow smart contracts offer a secure and efficient way to facilitate online transactions in a variety of industries, from e-commerce to freelance services to digital assets. By leveraging the power of blockchain technology, Zenland escrow contracts provide a trusted environment for online transactions, promoting transparency and trust between buyers and sellers.
How Does Zenland Works
Zenland's escrow smart contract is a decentralized solution to facilitate peer-to-peer transactions without involving any third-party intermediaries. Here is how it works:
The buyer and seller agree on the terms of the transaction, including the price, product or service description, and delivery terms.
The buyer deposits the payment in cryptocurrency to the smart contract's address, which acts as an escrow.
The seller delivers the product or service to the buyer according to the agreed-upon terms.
Once the buyer confirms the delivery and approves it, the smart contract releases the payment to the seller.
If any disputes arise during the transaction, the smart contract provides a dispute resolution process that involves an impartial arbitrator. This arbitrator is selected by both parties and must be agreed upon before the transaction starts.
To connect to Zenland's escrow smart contract using Metamask, you need to follow these steps:
Open Metamask and select the Ethereum Mainnet network.
Click on the three dots on the top-right corner of the Metamask window and select "Add Token."
In the "Token Contract Address" field, paste Zenland's smart contract address, which you can find on their official website.
The rest of the fields will be automatically filled in, so you can click on "Add Tokens."
You can now see your ZENF tokens in your Metamask wallet and use them to participate in transactions on Zenland's escrow platform.
For example, let's say you want to buy a rare collectible item from a seller on Zenland's escrow platform. You agree on the price, and the seller provides you with their smart contract address.
You deposit the agreed amount of ZENF tokens into the smart contract's address using Metamask.
The seller ships the item to you with a tracking number.
Once you receive the item and confirm it's in the agreed-upon condition, you approve the transaction in the smart contract.
The smart contract releases the payment to the seller, and the transaction is completed.
Thanks to Zenland's escrow smart contract, you can be confident in the security of your transaction, knowing that neither party can scam the other.
Here are some of the most common use cases for Zenland contracts:
Domain names and websites – With the rise of website flipping and online business sales, Zenland contracts can ensure a safe and successful transfer of ownership for domain names and websites.
Freelance services – As more people buy or sell their services and skills through freelance marketplaces, Zenland contracts provide a secure way to protect against fraud and fake job postings.
Artwork and collectibles (NFT) – For high-value items such as digital artwork and NFTs, Zenland contracts ensure a safe and successful purchase or sale.
In-game assets, games, and game accounts – Zenland contracts provide a secure way for avid gamers and streamers to trade in-game assets and accounts without the risk of fraud or theft.
OTC currency exchange – Zenland contracts offer a secure and trustless exchange of cryptocurrency to fiat, cryptocurrency to cryptocurrency, and fiat to cryptocurrency between peers without the need for a middleman.
Anything tradable online – Zenland contracts can be used for any product, service, or asset that is traded online. With fully customizable contract conditions, Zenland ensures that there is no manipulation or deceit, and that the conditions are met before the payment is made and the contract is executed.
To buy Zenland tokens (ZENF), interested parties can participate in our presale on Pinksale. During the presale, participants can purchase ZENF tokens at a rate of 1 BNB = 15,500 ZENF, with a minimum investment of 100 BNB and a maximum investment of 300 BNB. The presale will run from March 1st, 2023, at 16:00 (UTC) until March 7th, 2023, at 23:59 (UTC).
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Conclusion
To further enhance the user experience, Zenland has introduced its own token, the $ZENF token. This token will be used as a means of payment within the platform, providing users with a fast, secure, and low-cost way to transact. The $ZENF token is currently available for presale on Pinksale, offering early adopters the opportunity to purchase tokens at a discounted rate.
In conclusion, Zenland's escrow smart contracts offer a secure, efficient, and transparent way to transact online. By utilizing blockchain technology and eliminating the need for a central authority, Zenland is paving the way for the future of secure transactions. Whether you're a buyer or a seller, Zenland's escrow smart contracts offer peace of mind and protection for all parties involved.
If you need update, visit at:
$ZENF token sale page: https://token.zen.land/
Zenland Website: https://zen.land/
Escrow App: https://app.zen.land/
Telegram: https://t.me/zenlandofficial
Twitter: https://twitter.com/zenland_app
Author content:
Forum Username: Klima Dorres
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3424966
BEP-20 Wallet Address: 0xe0a9ed643a9d39350Eb8EbaEB6a22ce318441e7a