The recently announced blockchain escrow to be used in financial markets was released today. It will be the first system of its type to be able to store the funds of the investors on smart contracts to protect them from frauds.
This tool was created to diminish the risks that the investors are subject to and to protect them from scams and the misuse of funds. The beta version contains publicly available smart contracts whose code can be found on Github.
Initially, the customers will only be able to make deposits in Ethereum but other tokens will be added soon to the list. The escrow will be used Grand Capital broker company as soon as it is launched, as the company is the first one to openly support it.
The release is the result of an Initial Coin Offering which ended on March 2018.
The Team Comments On The Launch Of The Escrow
The founder of this project is Stanislav Vaneev, told the media that the escrow that was created by the team can be used as an universal instrument to settle mutual business in any sphere or industry and that it expands the scope of the systems to increase attraction. According to him, the development is also 100% in accordance with the original road map of the company.
Serenity’s team has experience and knowledge of foreign exchange industry and of the relationship between brokers and traders.
Anyone will be able to test the escrow system for free. You can do this by opening a standard trading account on the third party that is currently using the system: Grand Capital broker. In this company, you can trade classic currencies and single stocks CFDs. At the moment, you can only withdraw and deposit Ethereum.
The CTO of Serenity, Vasily Alexeev, states that the Beta version of the software is only the first step of the software. According to him, now they will be able to reach new milestones and to offer a better product in the future.
As soon as the program is upgraded, new features will be launched and it will improve how the whole system works. Because of this, the CTO asks the community for patience, as the product is still in development.
You will be able to follow the progress of the escrow on the Telegram channel of Serenity or by consulting the “road map” section of the site.