π°Escrow Smart Contracts
Good to know: This feature is particularly useful for freelancers and is defined in Use Cases section of this whitepaper. Expected to be rolled out in Nov 2022.
β¨ User taps on the Send Escrow request
β¨ User adds the amount, expected date of delivery and the email id of the receiver
β¨ Receiver receives the request and puts in the equivalent token into the smart contract
β¨ The smart contract verifies the end date and based on approval from both ends, releases the token to the sender's wallet.
β¨ The whole mechanism is handled through GrowLimitLess Smart Contract
β¨ Once payment is processed successfully the transaction is recorded on chain and the sender receives a notification of the same.
Last updated