[ESCROW] Zenland: Decentralized Escrow for All | Fees as Low as 1.75% ☑️

Marketplace Thread Approved

Summary
This service has been tested by the marketplace moderation team to ensure that it meets the standards for the marketplace. The service has been checked to ensure that it can deliver what it advertised in accordance to its TAT or in a timely manner if no TAT was provided.

Service Information
  • Disclaimer: We've allowed the seller to select 2 forum members and provide their service for free. The staff monitored the process and everything involved with it.
  • The communication between all sides was easy
  • Here are a few things both members mentioned in their reviews of the service:
    • Member 1: "The overall process will take some time to learn if you're new to crypto, but it will save you from getting scammed. The mutual agreement between a buyer and seller before the contract is deployed ensures that both parties are getting into an agreement beforehand."
    • Member 2: "The platform is nice, you can see the various stages of the transactions, from the contract creation stage till when the funds are released, also those little instructions comes in handy like the notification to change network which is quite helpful for new crypto users. As for communication, there is a chat a feature even though I didn't use it throughout. The best part is all anonymous you don't need to sign up for anything with your personal details. The way I see this platform funds are released automatically once the contract has been marked done, judging from my experience. No need of waiting endless hours to get your money."
Thread Edit Log
With anything more than 5 going in here
Information For Buyers:
  • Service Quality: The quality of the product or service that I receive is what you should expect, or better. If you feel that the quality of the service has dropped significantly, please let us know via the report button.
  • Disputes: If you do not receive a product or service as advertised, or at all in the event of a dispute, do not be afraid of a "no refunds" refund policy as you are allowed to request a refund through the shit list process. For more information and to see whether or not your dispute qualifies, refer to the shit list rules and procedures.
  • Review Copies: Per the marketplace rules, if a seller does not offer trials or review copies, please do not request them in the sales thread, otherwise your post will be removed and further action may be taken.
 
Last edited:
Many thanks to BHW moderation for checking and approving our thread. Also, special thanks to participants of the review process for taking the time and going through the app.
 
Good idea
First escrow service I seen here
Check your pm for my 20$
Hi. Thank you for your interest.

Yes, we're excited to be offering escrow service on BHW. Our tool will definitely help members have safe and secure sales and purchases.
 
This is a really great idea. But to offer an escrow service, you must have a sort of credibility.
At least you have to register a company in a crypto friendly country for your service.
 
This is a really great idea. But to offer an escrow service, you must have a sort of credibility.
At least you have to register a company in a crypto friendly country for your service.
The core idea of Zenland is that it is decentralized (this can be confirmed by anyone who wants to look at the source code of the escrow contract that can be found under the New Contract form). As a team behind the app, we do not have access to any escrow contract created using our app. We can't cancel, pause, delay, or delete the contracts, or interact in any way with the funds inside them.

Unlike traditional escrow services, where the funds are kept by a third-party entity (company or individual), on Zenland, buyers and sellers draft, activate, and execute their escrow deals independently.
 
The core idea of Zenland is that it is decentralized (this can be confirmed by anyone who wants to look at the source code of the escrow contract that can be found under the New Contract form). As a team behind the app, we do not have access to any escrow contract created using our app. We can't cancel, pause, delay, or delete the contracts, or interact in any way with the funds inside them.

Unlike traditional escrow services, where the funds are kept by a third-party entity (company or individual), on Zenland, buyers and sellers draft, activate, and execute their escrow deals independently.

Well, your thread says it differently. Or did I misunderstand?!

Suppose they are not able to reach a consensus by themselves. In that case, they can escalate the dispute to the second stage, where an agent is invited to investigate the case and decide who will receive the funds (sent to either one party or split between two parties).

The existing agent roles are taken and managed by Zenland employees until the Zenland DAO is formed.
 
Well, your thread says it differently. Or did I misunderstand?!
As a new platform we obviously lack exposure and understand your trust concerns. That said, our mission as a web3 escrow platform is to eliminate the very trust factor from the online trades and let people to buy and sell without trusting the other party. And this is the beauty of web3 and blockchain technologies.

Zenland agents can’t read your chat or interact with the contract until the state of the contract is changed to Agent Invited https://docs.zen.land/contract-actions/invite-an-agent. Only buyer or a seller can invite an agent to the contract and until that moment no one can access the contract.

Here is the part of smart contract code:
agent_part.png

As you can see when an agent is invited, the agent's only allowed function is to release the money from the contract to either buyer, seller, or split between them. Agent's assistance is based on the evidence both parties provide per request.

Our credibility can be proven by the source code of the contract as there are no backdoors for Agents to materially profit from cases except the allowed resolution fee of 1%-3% based on the case complexity and mediation efforts. To ensure no case is left neglected or unresolved, currenctly NDA-signed employees take responsibility as Agents.

When we have enough dedicated community members to form a decentralized autonomous organization (DAO), only community-voted Agents would be assigned to cases.
 
Want to to sell your website, SEO, or Instagram accounts with $0 escrow fees? Only 19 review copies left for you!

Use our safe and simple one-page escrow contracts to send and release payment from the blockchain. Never again get unpaid or feel cheated in online trade!

Here's a sneak peek how Zenland escrow works on both ends

Signing is quick (no email or card), easy, and free ($20 bonus fully covers any trade below $1 100 ). Go to Zenland now!
 
Hey, funny I never saw your BST until just now. What happened, its been inactive since January? I am interested in this, but I see a downside risk. The impartiality of the invited agent in the event of a dispute. I know you say yeah zenland employees acting as agents have no stake in the matter, but a better way would be for buyer and seller to provide and approve an agent address which they both trust. So that way I could invite maybe a mod or any JrVIP to be agent (he provides his address) and if its agreeable to the counterparty, it gets approved by the counter party. Then whatever happens afterwards, we are responsible since we CHOSE and agreed on our intervening agent. If you can do this, you just might become the BHW escrow standard.
 
I really don't see the point in this. There is no way for a blockchain to act as an independent neutral party to verify whether the contract was completed in the real world according to the buyer's specifications. At the end of the day it's still open to abuse because you will always need a human third party to manage disputes, which others escrow services provide without any need for a "smart contract". What matters is credibility. Thus rendering the whole blockchain concept for escrow as nothing but a novelty that doesn't actually provide any extra security, only the illusion of such.
 
I really don't see the point in this. There is no way for a blockchain to act as an independent neutral party to verify whether the contract was completed in the real world according to the buyer's specifications. At the end of the day it's still open to abuse because you will always need a human third party to manage disputes, which others escrow services provide without any need for a "smart contract". What matters is credibility. Thus rendering the whole blockchain concept for escrow as nothing but a novelty that doesn't actually provide any extra security, only the illusion of such.
Not really correct. Other escrows that are not based on smart contracts require the funds to be held by the escrow. This has been one big problem why BHW has not been able to provide escrow service to members - there are several legal and financial reporting landmines. With this, that problem is solved. No one holds the money, not even the maker of the smart contract. No one needs to explain to authorities or even require licenses. I just googled zenland and I see they have spread the word much on crypto space. However, my observation in my earlier post is where I think their real success will lie - the ability for parties to choose and agree on their intervening agent. They can even have an agent listing marketplace where agents can list their availability (I have seen an escrow service like this somewhere on the web, cant remember where now). This crowdsourcing of agents plus the confidence counterparties will have in their own chosen agent is the fuel I think this needs to fly. Confidence in an agent can only come community specific applications, where everyone has a good idea about the applicant agents. For instance in the BHW context, if I as buyer create the contract with you and pick, say BTB as the agent (with his consent of course), and you trust BTB, you will approve the contract and the escrow is live. In the event of a dispute, BTB intervenes and the decision made is immutable and effective immediatelyNo refunds or extra payments required. No licenses required, no reporting required etc. it basically makes escrow services, which are the preserve of large companies available to anybody and participants can make money in the process. I like it.
 
I really don't see the point in this. There is no way for a blockchain to act as an independent neutral party to verify whether the contract was completed in the real world according to the buyer's specifications. At the end of the day it's still open to abuse because you will always need a human third party to manage disputes, which others escrow services provide without any need for a "smart contract". What matters is credibility. Thus rendering the whole blockchain concept for escrow as nothing but a novelty that doesn't actually provide any extra security, only the illusion of such.

Not really correct. Other escrows that are not based on smart contracts require the funds to be held by the escrow. This has been one big problem why BHW has not been able to provide escrow service to members - there are several legal and financial reporting landmines. With this, that problem is solved. No one holds the money, not even the maker of the smart contract. No one needs to explain to authorities or even require licenses. I just googled zenland and I see they have spread the word much on crypto space. However, my observation in my earlier post is where I think their real success will lie - the ability for parties to choose and agree on their intervening agent. They can even have an agent listing marketplace where agents can list their availability (I have seen an escrow service like this somewhere on the web, cant remember where now). This crowdsourcing of agents plus the confidence counterparties will have in their own chosen agent is the fuel I think this needs to fly. Confidence in an agent can only come community specific applications, where everyone has a good idea about the applicant agents. For instance in the BHW context, if I as buyer create the contract with you and pick, say BTB as the agent (with his consent of course), and you trust BTB, you will approve the contract and the escrow is live. In the event of a dispute, BTB intervenes and the decision made is immutable and effective immediatelyNo refunds or extra payments required. No licenses required, no reporting required etc. it basically makes escrow services, which are the preserve of large companies available to anybody and participants can make money in the process. I like it.

Hey @Bamspeedy and @Brickbat1,

Good to see you engaging with Zenland. Your thoughts are valuable to us.

@Bamspeedy, you've got a point there. The role of a trusted agent in a deal is essential, and we totally agree that the buyer and seller should have the right to choose an agent they both trust. We've heard this suggestion before, and I must say, it's a brilliant one. We're on it already and are quite optimistic that it'll help Zenland become a preferred choice for escrow services, especially in communities like BHW.

@Brickbat1 , you're right that the blockchain alone can't verify real-world actions. But here's where the human element comes in - the trusted agent. They'll be the ones to step in and resolve any disputes. We believe the combination of blockchain's transparency and the trustworthiness of a human agent can make a big difference.

@Bamspeedy, your idea about an agent listing marketplace is quite interesting. It could encourage participation from the community and foster a sense of trust among users. We'll definitely consider this as we continue to evolve.

As for the question about Zenland’s inactivity, we've been working behind the scenes to improve our platform and services. The point you brought up about the ability to choose a trusted agent is part of our current work.

We're also exploring a referral program, which would allow anyone to register and invite users to our platform. For every confirmed Zenland wallet top-up, the referrer would receive a 50% commission.

Thank you again for your feedback. We're excited about the road ahead and are grateful for your support!
 
We've just hit a major milestone!

1,000
registered users on Zenland.

Thank you to our amazing community for being a part of this journey!

Twitter - 1000 Users (2).jpg
 
Interesting. Send you a dm regarding this.
Responded to your DM. Thank you.

By the way, I wanted to remind BHW that every person who registers on Zenland will receive $25 in their Zenland balance to test out the platform.

Let us know if you have any questions. We're here to walk you through the process of creating and deploying an escrow contract
 
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