Monero based multisig escrow (monero.im)

submitted 10 months ago* (last edited 10 months ago) by snitchy_asc@monero.im to c/monero@monero.town

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we'll try to come with a website in the future. feel free to vouch and test us

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[-] janowitz@monero.town 2 points 10 months ago

This is a great idea for a service, however it needs to establish trust that it's not colluding with anyone. If it was a well-known member of the community, it would most probably be more convenient than it is now. Anyway, lowest amount you can secure is 1 XMR but your fees up to 1 XMR are 5% but there is 1 XMR min? All in all the fees seem reasonable.

[-] snitchy_asc@monero.im 1 points 10 months ago

I'm pretty known and i can produce content on how to notice a scam to also prove my escrow legitimacy. For the moment i only can do ~ 1 XMR trades because it's still manually exectued as a proof of concept but with a friend, we're planning to do a website for automatizing the escrow process so we might can secure lower amounts because we only will need to deal with disputes (2 of 3 signatures).