Chainpals’ Secure Crypto Platform Protects Users With A Secret Cyber Weapon

United Kingdom - June 28, 2022 —

Chainpals’ crypto platform enables secure transactions and stops scammers and fraudsters in their tracks with a secret cyber weapon.

Hailed as the ‘PayPal for crypto payments’, Chainpals is bringing fairness, authenticity, and transparency to cryptocurrency transactions and putting an end to the fraud and internet scams plaguing the crypto space with its revolutionary platform. Now, Chainpals has taken things to the next level by implementing it secret weapon, aka., escrow transactions backed by smart contracts.

“It is hardly breaking news that crypto crimes are on the rise. Fears of ghosting and scams are the top reasons those unfamiliar with cryptocurrencies avoid the crypto craze. At Chainpals, we decided to play an active role in mitigating these obstacles to crypto adoption and give both new and seasoned token holders the peace of mind to take advantage of the benefits offered by cryptocurrencies and blockchain technology,” explains a spokesperson for the platform.

Chainpals sets itself apart in the world of cryptocurrency with the introduction of professional escrow managers. These skillful stewards oversee each transaction with a view to ensuring transparency, fairness, and authenticity. 

“A successful escrow manager has both the buyer’s and seller’s best interests at heart. Their purpose is to protect the deal by examining its validity and assisting when disputes arise. We consider them our secret army, charged with keeping a watchful eye over all transactions with smart contracts being their secret weapon,” continues the spokesperson.

A smart contract is designed to balance the buyer's needs with the payout to the seller. The purpose is to ensure that users on both sides of a transaction feel secure and keep everything above board with a written agreement listing the details of the project and the timeline. 

“These tools make it easy for escrow managers to review transactions in case of disputes, while assuring buyers and sellers that Chainpals has their back. In the future, we predict in Q1 2023, every transaction will be moderated by three escrow managers who will each receive a share of the 0.25% fee,” adds the spokesperson.

Escrow managers compete to be in the top 10 NFT holders, and their positions, though crucial, are also vulnerable. Chainpals allows users to vote on their escrow managers via a system of community engagement.

“This openness builds comradery and keeps our system safe from predators. In the event of misconduct, an escrow manager will lose his or her title and be blacklisted from accessing our platform or transferring any Chainpals tokens he or she may hold.”

Chainpals takes community building seriously, offering between 0.5 to 0.10% commission on transactions they have referred. Furthermore, the platform’s Chainpals Hero program provides additional incentives for building the Chainpals community. 

“For example, members can quickly become a Chainpals Hero if they refer 100 users who go on to complete a transaction via our platform. It is partnerships like these that encourage users to engage and help us build an enduring ecosystem,” notes the spokesperson.

“Our team is constantly looking for ways to improve our products and keep members committed to this next-level evolution in crypto transactions. According to Statistica, more than 75 million U.S. wallets are tied to the blockchain. With that number set to rise in the future, achieving our mission is imperative if we wish to prevent a matching rise in fraud and scams.”

“Our goal is to level up the crypto game by adding a layer of protection for every transaction in the Chainpals ecosystem. Thanks to our pioneering escrow system which is backed by smart contracts and a robust blockchain technology, we can offer users an unprecedented level of security when it comes to cryptocurrency payments,” concludes the Chainpals spokesperson.

Social Media Links

Twitter: https://twitter.com/chainpals_
Telegram: https://t.me/chainpals 
YouTube: https://www.youtube.com/channel/UC49u6v99JJoDoMU7i4B6Dlg/ 
Instagram: https://www.instagram.com/chainpals.io/
Discord: https://discord.com/invite/V7drQqQ7

Contact Info:
Name: Chainpals News
Email: Send Email
Organization: Chainpals
Address: United Kingdom
Website: https://chainpals.io/

Release ID: 89077389

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