Do you need to exchange good and services online, but you’re worried about getting scammed by an anonymous counterparty?

Cryptegrity has you covered!

If you’ve ever bought or sold goods or services online, you’ll be familiar with the uneasy feelings of distrust between counterparties. Even if both of you are completely honest, there’s always some lingering doubt until you see the funds or goods in your possession.

Cryptegrity fixes this problem. Our simple platform makes it easier than ever to exchange goods and services online securely, even between anonymous parties.

Built on blockchain technology, the Cryptegrity Escrow Service is reinventing how we exchange value online. Our innovative protocol is:

• Secure - All funds, data and content is safely locked in escrow vaults and can only be released when both parties are satisfied that the agreement has been met.
• Safe - No one, not even Cryptegrity, has access to the locked vaults. This features eliminates of commingling or misappropriating funds and contents.
• Decentralized - Cryptegrity is self-governing, with an unbiased and distributed DAO resolving disputes between counterparties.
• Simple - Whether a first time user or an industry veteran, Cryptegrity’s user experience is designed to be accessible and streamlined for all users.
  

In this brief guide, we’ll demonstrate how to open a Cryptegrity Escrow Vault and start exchanging goods, services and funds online with unrivalled safety and simplicity.

Step One: Connect to the Cryptegrity Site

First, head to cryptegrity.io on your desktop computer or from within a mobile crypto wallet app, like Metamask.

In the top right hand corner of the screen, hit ‘Connect Wallet’.

When the automatic pop ups appear within your crypto wallet extension or application, tap ‘Confirm’ again.

Step Two: Create an Escrow Transaction

Find the ‘Transactions’ tab in the header menu and click the arrow to bring up the dropdown menu.

Choose which type of Escrow transaction you’d like to create and click your selected option. In this example, we’ll be creating a ‘Goods Ecrow’ Transaction.

On a mobile device, you’ll need to hit the three lines in the top corner to open the menu.

Step Three: Set the Terms of the Escrow Transaction

On the next page, you’ll be required to provide information about the transaction, including what is expected of both parties in the agreement. In this example we’ll be the Buyer, purchasing source code and marketing assets for a new app we’re developing.

We recommend that you provide as much information as possible and establish clear expectations for both sides of the agreement. In the unlikely event that there is a dispute between parties, this agreement serves as the reference that will be evaluated by the Cryptegrity DAO.

Fill out all the required fields, and don’t forget to include Milestones and payment terms within the agreement.  

Once your happy with the terms, click ‘Next’ at the bottom of the form.

Step Four: Review and Confirm your Escrow Vault

On this page, you’ll have the opportunity to review all the conditions of your proposed vault.

After reading it through and correcting any errors, input the crypto wallet address of your counterparty in the provided field. Then, check the box saying that you agree to Cryptegrity’s terms and privacy policy.

When you’re ready, click ‘Start Escrow’ to prompt the transaction in your crypto wallet. Click ‘Confirm’ in the pop up window of your crypto wallet extension or mobile app.

After a few seconds, another window will pop up asking you to set a spending cap limit for the cryptocurrency you selected earlier to use as payment.

We’d recommend clicking ‘Use Default’, which will automatically input the figure you specified in the agreement.

You’ll see other pop up, asking you to approve the spending cap you’ve just set. Click ‘Approve’.

One final pop up will appear, asking you to confirm the final transaction.

Click ‘Confirm’ one last time to create the Escrow Vault. This step will fund the vault with the your cryptocurrency you’ve selected as a payment method.

Step Five: Share the Escrow Vault with your Counterparty

Now that your escrow agreement has been created and the vault has been funded, you should see this screen in your brower or crypto wallet mobile app.

From here, you can copy the link to the vault and send it to the counterparty. You can also click ‘View Transaction’ to check the status of the agreement, including what the other party has submitted to reach certain milestones.

What Does My Counterparty See?

When your counterparty clicks the link you sent them, they’ll need to connect their crypto wallet to the Cryptegrity site. After doing so, they’ll be able to review the agreement in its entirety.

If they’re happy with the arrangement, all they need to do is check the box agreeing to terms and privacy policy and click ‘Start Escrow’.

The counterparty will be able to upload content as required to the escrow vault to await review from the buyer. If the buyer is happy with the what’s been provided, they funds locked in the vault will be released to the seller, completing the agreement and ensuring both parties get exactly what they’ve agreed upon.

What Else Can I Use Cryptegrity For?

In this example, we’ve demonstrated just how easy it is to set up a secure and decentralized escrow vault to exchange source code and marketing assets. At no point in the process was it possible for either party to disappear with funds or vault contents, ensuring that both parties honor their side of the agreement.

What you can exchange using our revolutionary platform is limited only by your own imagination. Cryptegrity’s escrow vaults aren’t only limited to goods and services, our platform also facilities the convenient transfer or NFTs, gambling agreements and mulitsignature contracts.

With millions of users and businesses already using online platforms to exchange goods and services, it's time to take it up a notch with the power of blockchain technology. As the global adoption of cryptocurrency accelerates at an unprecedented pace, trust between anonymous parties is more important than ever.

That's where Cryptegrity comes in – our complete escrow solution provides a trustworthy exchange experience that's sorely needed in the online world. With Cryptegrity, you can rest assured that your escrow transactions are secure, reliable and simple.

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