Yescrow - Official Thread

[yescrow]

Hey NameBros, Yescrow.xyz is an automated escrow for stranger-to-stranger domain sales. Since domain transfer data is publicly available and it updates when domains transfer, the most user-friendly (no account, no ID needed) solution is to simply hold the deal in a cryptographic contract (fully auditable) that is released automatically to the seller once the domain successfully transfers to the buyer.

Best value is to use Yescrow for the domain sales where you can’t exactly trust the other party. Other escrows rip-off the small domain deals, since they are aiming for the big money and don’t want the hassle. Not us, though. We built to accommodate a minimum of $10 per deal. Using voucher “NAMEBROS” will waive any fees (it’s 1% without the voucher). The only favor that I ask of you is that after using the ‘crow you’d leave a review here.

Let me know of any quirks you want improved.

Let's innovate,
Teo

 

[mumu]

@yescrow can you escrow a $1 domain sale? And how much is the minimum payout?

 

[BridgeFlows]

Hi , the first flaw I see in your transaction flow (just a feedback to you):

you are sending the client to go buy stables, that's adding a couple of steps before making payment (kyc to buy crypto etc..), which has the potential risk for the buyer to change the mind if the buyer is old school (1) , if its a a millennial/gen Z perhaps its ok, perhaps it might be easier for them, however most domainers here that have good portfolios since these people are older, and have seen projects like yours come and go, and stick to the old services that have reputation and licenses, like escrow.com and atom , etc..


Second flaw:
While the commission for the escrow service is attractive, the issue really is that you hold the crypto, which is a trust based purely on you, some without a reputation (I havent checked if you use smartcontract for the escrows, but that does not change anything even if it would).

The incorporation does not mean anything now adays, the Estonian company can be registered on a mule, fake id etc.. , so basically without a reputation and exposure of real people instead of blockchain addresses on a dark website.

I don't want to discourage you from running ur project, but that just my opinion. My advice is to build some reputation, expose ur self to the public, who you are , how you look, cerate some videos, and associate your self with respectable people from the community, change the crow bird from the logo, as its associates in my mind with thievery, replace it with an animas that would secure the coins not steal them.

just my opinion, and yeah I do love crows as well, its just the wrong fit, and I get it they are smart and solve issues, just not appropriate to this project.

good luck to you and your project.

 

[yescrow]

@yescrow can you escrow a $1 domain sale? And how much is the minimum payout?

The minimum deal is $10. Below that it's not worth the hassle of a transfer for either side.

No minimum payout on our side if you use the voucher code (NAMEBROS), otherwise it is 1%. After the deal is done you can take it out to your own wallet for free, no gas needed. If you then cash out at an exchange, their minimum deposit applies, but a $10 sale should clear that easily.

Another reason why not to allow $1 deals is because Yescrow pays the network costs of every deal, so nobody has to hold crypto to use the 'crow to pay for gas. On a $1 deal those costs can be more than the deal itself, and it'd let anyone spam the escrow with fake micro-deals.

$10 is the lowest we could go and keep it safe for real sales and uphold a nice user experience.

 

[yescrow]

Hi , the first flaw I see in your transaction flow (just a feedback to you):

you are sending the client to go buy stables, that's adding a couple of steps before making payment (kyc to buy crypto etc..), which has the potential risk for the buyer to change the mind if the buyer is old school (1) , if its a a millennial/gen Z perhaps its ok, perhaps it might be easier for them, however most domainers here that have good portfolios since these people are older, and have seen projects like yours come and go, and stick to the old services that have reputation and licenses, like escrow.com and atom , etc..


Second flaw:
While the commission for the escrow service is attractive, the issue really is that you hold the crypto, which is a trust based purely on you, some without a reputation (I havent checked if you use smartcontract for the escrows, but that does not change anything even if it would).

The incorporation does not mean anything now adays, the Estonian company can be registered on a mule, fake id etc.. , so basically without a reputation and exposure of real people instead of blockchain addresses on a dark website.

I don't want to discourage you from running ur project, but that just my opinion. My advice is to build some reputation, expose ur self to the public, who you are , how you look, cerate some videos, and associate your self with respectable people from the community, change the crow bird from the logo, as its associates in my mind with thievery, replace it with an animas that would secure the coins not steal them.

just my opinion, and yeah I do love crows as well, its just the wrong fit, and I get it they are smart and solve issues, just not appropriate to this project.

good luck to you and your project.

Thanks so much for the feedback, appreciate it very much, I will look into it and reply in a bit, now got to drive to my spouse's parents countryside! Have a great day y'all and it's a nice, smart community here, will be back in a bit.