Crypto*Trade 2.0 Community

At the moment, issue a token known as ESCX which stands for Escrow X in the Crypto*Trade 2.0 Community, to be launched on 31 July 2016. The objective is to allow both traders on each side i.e. BUY and SELL to trade safely in the marketplace. This is where the insurance of each transaction kicks in, ESCX is a token circulate in the community to help protect a deal from financial losses as a result of fraud from a trusted member only.

Victims are able to get reimbursement by filing in a report provided claimer is well insure before the event OR a protected deal that goes thru escrow, it is a community driven insurance protection scheme whereby the reimbursement rate is largely depends on perception of escrow members, which are candidate elected from community before approval to create additional ESCX token in the community and that losses value of BTC is recovered by auction hence the outcome of each case can vary significantly.

ESCX - Risk of exchange with Peace of Mind

More announcement at https://bitcointalk.org/index.php?topic=1542073.msg15502682#msg15502682
More information at https://blockscan.com/assetInfo/ESCX

Join us at https://t.me/c2trade
Ensure your Telegram apps is on!

[Updated]: 08.09.2017
Moving forward

In order to thrive further and put it to a more sustainable growth path of marketplace in longer term period, Crypto*Trade 3.0 is born. We are currently in talk with other group leaders to achieve common ground. It is a private group, added manually only with invitation given to traders who have actually fulfilled our stringent criteria set out here.

#. You use an Indiesquare wallet
#. You are already a VM @c2trade
#. You are an Escrow Committee who hold at least 20 ESCX

What's next?

Crypto*Trade 3.0 will continue to co-exist with @c2trade. To further safeguard the cryptocommunity, some measures are introduced on top of existing houserules as we are preparing to integrate our ESCX membership token in various exchanges. In other words, there is a free float cost of membership that is determined by the market force if you want to join us.

Ideally speaking, for a new group with no socialized community losses whatsoever then your membership should be nil that is no cost to join. However, we do have some cases happened in the past unfortunately, settled and brought forward. You got to check our historical development in the group @c2trade. Hence, our cost of each token is set at 0.001 ESCX/BTC which indicates 15% discount of last done price, available to purchase from ESCX Treasurer, while stock last. Payment is made to Treasury address to reduce workload of audit and make it easy to cross check in blockchain later. Use the address from Indiesquare wallet for both BTC and ESCX transactions. No third party transfer - Proof of Receipt.

In the old group @c2trade, we are going to introduce new measure to ensure it reaches far greater audience and horizon in cryptocommunity. The membership renewal fees is set out below. Well, admin team will carry out duty to scrutinize all activity diligently from time to time with integrity, ethics and profession.

OPT1: Send 1 ESCX per year as your membership renewal fees to Treasury address

OR

OPT2: You can simply ask for a waiver by bringing in another 10 referrals or new friends per year via 'add member' feature @c2trade to keep counter in check

Failure to do so will have your ads post removed from the group. We encourage you to promote our ESCX membership to your friends and traders. Often enjoy more direct deals with ample liquidity in marketplace if you feel being part of us and no more third party intermediary deals.

Terminology of ESCX Membership Program

#TokenIssuer
Admin shall remain as the sole issuer of ESCX token in Crypto*Trade 2.0 who is responsible to liaise to/from multisig escrow members route and thus are NOT allow to carry out any sales related of token directly.

#EscrowMembers
Escrow members are elected candidate to carry out duty to ensure a smooth transaction can happen between a buyer and a seller. Escrow members are responsible to carry out the sales of ESCX token, to justify the new amount of token and to decide on the outcome of a claim, all you need is 2 of 3 approvals or in case of tie, a referendum will call in.

#EscrowCommittee
Escrow committee are the ultimate owner of Crypto*Trade 2.0 and capable to dissolve the formation of escrow members after each new round of amount of token released to public due to claims.

#CT2Traders
CT2Traders are trusted dealer networks who registered with @cerebros_bot and got an introducer who has transaction history with track record, ranked by public and credit risk secured by insurance protection.

Classification of membership:

#Verify Members (VM)
Trader who obtained a pass in our verification system and eligible for ESCX Insurance on volunteer basis or by invitation only

#Non-Verify Members (nVM)
Trader who has long trades of history (5 individual trades) in the group that honoured a transaction without fail, vouched by 3 other members ie. A proposal, A seconder and A witness. The 3As' must have either​ fulfilled one of three criterion outline here, been active for one year, recognized as VM and dealt with the person before. You will be automatically tagged in our Gazetted Master List (GML) as somehow trusted. However, nVM are not entitled for ESCX Insurance. Deal at your own risk

#Guests
Ordinary member who joins the group for fun, chit-chat, discussion of crypto and perhaps meet up for business idea, expand networks relationship and do not get involved in any transaction or trade at all.

Classification of wallet:

#EscrowAddress
A multisig BTC address held by 2 of 3 escrow members. Used it to keep for ICO funds, claim funds, escrow transactions and escrow fees
[19.5.2016] Escrow Address: 32EyQiKfmqAz8AA5PcabUVbUsxSxWVif6w

#DevelopmentAddress
A multisig BTC address held by 2 of 4 lead escrow committee. Used it to authorize tranches of bill payment arises from development order

Payout in BTC
[18.3.2017] Development Address1: 39CKv4fRZSRiRpxkcs4B4ebeRr43XSUpyJ

A solo ESCX pool address which has leftover​ of unauctioned and unsold unit of ESCX held by admin, derived outcome of votes from ESCX holders. Used it to authorize tranches of bill payment arises from development order

Payout in ESCX
[6.6.2016] Development Address2: 1AXgQdNmANYQgu4KXYRFTCKS6A26no9bek

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Comments

How to become a verify member @c2trade?
Example: https://onename.com/jslim162

Section 1: Individual Profile
#. Go to sign up an account at https://onename.com and ensure that the compulsory username you pick up is tally with Telegram ID you set
#. Fill in your details, you got to have at least the following:-
##. A clear profile picture, group photos is not acceptable
##. Full name as per identity with 2+3 asterisk to retain some of your privacy
##. Location, just the name of city of your current residence
##. Bitcoin address, your ESCX wallet address
##. Description, your international format cell phone contact number
##. With at least 2/3 verifications activated, Facebook or Twitter or Github

Download the Indiesquare apps from Playstore/Appstore at https://wallet.indiesquare.me/

Use only that receiving address found in Indiesquare wallet for both your BTC and ESCX transactions, all trades made @c2trade from now onwards. Look, you got to update this wallet address at onename.com profile page. Try not to make low level mistake in your Indiesquare wallet, always remember to backup paper key in your settings and keep it safe

Section 2: Additional Supporting Documents
Primary Verification - [Proof of Identity]
~Passport or
~Driver’s License or
~National Identity Card

Secondary Verification - [Proof of Residence]
~Bank Statement or
~Utility Bill or
~Tax Return

Tertiary Verification - [Proof of Cellular]
~SMS
~Voice

Final Verification - [Proof of Receipt]
~Do inform moderator once you already adhere with houserules and you become a verify member in Crypto*Trade 2.0 @Cerebros_bot and appear at GML. However, you must maintain at least 20 ESCX collateral at all time to stay as active.

Moderators will help you to get verify membership status @c2trade. Ensure that your proof of residency is issued no older than 3 months, with all images to be strike out “FOR CRYPTO*TRADE 2.0 ONLY” visible at least 300dpi resolution or higher. We reserved the rights to use external resources eg. awwapp.com or live webcam to randomly spot check the qualitative membership of traders from time to time