King's Escrow is a service that allows buyers and sellers to safely conduct transactions without the potential for being scammed! With so many scammers out to get everyone, this service will be vital. Let's say you are shopping around for a product or service and the seller wants to be paid in crypto. King's Escrow will allow you to pay the seller in BUSD. Once you have come to terms with the seller and have agreed on a price, you can use King's Escrow as a third party to hold those funds until the product has been received or the service rendered. This gives the seller the confidence in knowing they will be paid when they deliver the product or service and gives the buyer the confidence in knowing they will not lose their money if the seller doesn't deliver. Once you have received what you paid for, you can release the funds to the seller. In the rare occurrence of a dispute, we will act as an arbitrator to fairly and securely resolve it, without charging any additional fees.
We will also incorporate a two-way marketplace into the escrow service, matching reputable, verified service providers with customers. Initially, this will include many services needed by users in the crypto space, including graphic design, contract and web development, marketing services, and so much more. This service will assist buyers and sellers alike, to safely facilitate transactions. We expect to release this Q2 or Q3 2023 and plan to expand it outside the crypto space where credit cards and other alternative forms of payment will be accepted, providing endless opportunities for growth.
As with everything we do, profits will be shared with those that are staking their DFK tokens. We expect this to be one of our service offerings that generates a massive amount of passive income for our holders!