How Zenland Escrow Works??

in zenland •  2 years ago 

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Overview

In today’s world, it is common for online identities to be fabricated, agreements to be manipulated, and confidence between peers to be broken. Our goal is to simplify the implementation of blockchain technology so that users of online marketplaces can purchase, sell, and collaborate without fear of financial loss.

The use of a smart contract that acts as an escrow is one method to ensure that both parties are treated fairly and that the transaction is secure and reliable for both parties involved.

Zenland is a decentralized blockchain-based platform that helps users around the world to securely and transparently store escrow funds in cryptocurrencies. It is in the process of building several new features, including launching the ZENF token and launching an escrow market.

💠 Buyer and seller create and edit payment terms until the contract is mutually approved.

💠 Publish it to the blockchain, and follow the contract flow approving transactions in Metamask.

Close the deal, renegotiate terms, or dispute anonymously via the contract chat.

How can this be implemented???

The peer-to-peer market has been one of the toughest modes to get right. The lack of transparency and trust between users in such a large network is an issue that exists across all online areas. At Zenland Platform we are developing a solution where users can buy and sell directly with no risk or fraud.

To make peer-to-peer commerce safe, we are building a blockchain network that enables secure identity verification and P2P deals using escrow smart contracts.

Zenland escrow contracts are governed by a series of logical operations performed by the user known as contract actions. The interaction between the user and the escrow contract through contract actions results in activation of the specific condition written in the code and change(s) made to the contract state.

Peer-to-peer transactions on “sharing economy” networks and freelance marketplaces are on the rise. The quantity of phony listings, evaluations, and profiles, as well as fraudulent chargebacks and disgruntled users, also increases. The need for a simple, low-cost, decentralized answer for trustless peer-to-peer trade is met by a smart contract escrow such as:

👉 Online commerce 1;
👉 OTC trade;
👉 Freelance services;
👉 Digital art and NFT ;
👉 And Blockchain transparency and secure web3 access.

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Smart contracts are the future of commerce. They represent a simpler and faster alternative to traditional agreements that can be easily created and deployed on the blockchain. Smart contracts are immutable, meaning that their details cannot change after they have been deployed.

The concept of Zenland as the end-user-ready smart contract escrow platform was born in October 2021. Through the collective input of team members and beta testers, the recent versions of smart escrow contracts have been successfully tested on five major EVM-supported networks.

What Next??

Zenland introducing a new way to pay for your escrow and marketplace contracts on the Zenland platform. Using ZENF tokens, users get a 50% bonus on their own balances. Early adopters will also be rewarded with ZENF tokens as part of our efforts to grow the overall value of the project and its token.

ZENF utility is a cryptocurrency token that can be used on the Zenland platform to pay fees for all contracts (escrow and marketplace). It gives you a 50% bonus to your balance in addition to giving early adopters an extra incentive if they choose to contribute with their funds.

Use ZENF to pay for services within the Zenland ecosystem. You’ll get a 50% bonus on your balance and early adopter rewards when purchasing ZENF tokens via exchanges or in-app purchases!

Conclution

Zenland is the first no-code smart contract platform for direct online sales (P2P, C2C) through escrow smart contracts. Trustless. Anonymous. Real-time.

Type ERC-20 Network, Chain Ethereum Have Supply: 200,000,000 and this Addres Contract: 0xE9b7B5D5e8d2BCC78884F9F9099bfA42A9e5c1A5

Link Info:

Website | Token | Escrow app | Docs | Twitter

Proof of Authentication
Bitcointalk username: Gayong88
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=1261405
Telegram username: @RosellaGirl87
Wallet Address: 0x1fbED16C868d8609F19557CDcF765dB1e791AF9A

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