How Natmin Inspires Confidence in its Dispute Resolution with the help of Natmin Nodes

Natmin Pure Escrow is a decentralized application that provides Pure Escrow Services. Built on Blockchain Technology and utilizing Smart Contracts, it supplies buyers and sellers with a secure and affordable place to transact knowing their money is safe.
During the transaction process, it’s possible for either the buyer or the seller to initiate a dispute. Once a dispute is raised, both parties provide supporting documentation regarding the dispute. Natmin Nodes then vote regarding the sufficiency of this evidence in relation to the completion of the transaction.
We want to inspire confidence in the platform with the use of a Node voting system. Only valid and honest votes will be rewarded, thus promoting the truthful assessment of documentation provided.
What is a Natmin Node?
A Natmin Node is a physical user that participates in dispute transactions; anyone can register on the website and apply to become a Node. Nodes earn Natmin tokens for successfully participating in a dispute transaction.
Node Voting Process

A dispute can be initiated during the transaction process by either party. When a dispute is raised, Natmin Nodes are required to vote on the evidence presented by both parties. When assessing the documentation provided, Nodes are required to answer 1 simple question: “Was the supporting documents sufficient to complete the transaction process?” In other words, do the supporting documents show that the transaction was completed? Nodes then answer with either Yes or No.
All dispute transactions will consist of 5 votes and need a success rate of at least 60%, meaning a minimum of 3 votes is needed to count as the majority vote. All voting is done anonymously, with each Node being unable to see how the other 4 Nodes have voted.
Nodes Earn Tokens
Each disputed transaction incurs a 3% transaction fee, which is payable by the party initiating the dispute. Out of this transaction fee, a Node is eligible to receive 14% in tokens, as long as their vote counted towards the majority vote. If a vote was made on the majority side, the Tokens will be awarded automatically. If a vote is made towards the minority side, the Node will not be paid.

Node Reputation
Nodes are rewarded or deducted points, depending upon the voting results. If a Node votes with the majority, they will receive 2 points. However, if a Node votes against the majority, they will lose 1 point. If a Node loses 3 points, their right to be a Node will be revoked and they will be unable to reapply to be a Node.
These points are viewed as the Node’s reputation within the Natmin platform.
“This point system is designed to inspire confidence in the voting process and to promote a truthful assessment of the documentation provided in a dispute transaction.”
If you would like to know more, please visit our website natmin.io.

