Natmin MVP Release Date Announced

Natmin Pure Escrow is thrilled to announce that our MVP, Minimum Viable Product, will be launching on 1st December 2018.

Our Escrow Platform is currently on the Rinkeby Testnet and is scheduled to move to the Ethereum Mainnet on 1st December 2018.

At this time only NAT tokens will be accepted — these are available to buy from our ICO website or the platform itself.

Buyers and sellers will be able to use the platform to perform a basic transaction. It will work as follows:

1. Either the buyer or seller can create the transaction.
2. Both parties need to accept the terms and conditions.
3. The transaction is created on the blockchain (this happens in the background).
4. The buyer funds the escrow account with the designated token amount, this is taken from the tokens in their personal wallet in the system. If the wallet does not have enough tokens, the buyer will first need to send tokens to their wallet from an exchange or wherever they can buy it from. They will also be available for purchase using ETH directly from the platform.
5. After the payment has been confirmed, the seller dispatches the goods or services and marks the transaction as dispatched.
6. The buyer inspects the goods or services and marks the transaction as complete. Once the buyer has marked this transaction as complete, the money will be released to the seller.

IMPORTANT NOTE

• The MVP does not have a dispute resolution functionality yet, so this will need to be handled between the buyer and seller themselves. This feature will be available upon the full release of the platform.

Additional features of the MVP

• In their wallet on the platform, users will be able to see their wallet/deposit address to use for deposits.
• Users will be able to withdraw their tokens.
• Users will be able to view their withdrawal history.
• Users will have a profile section.
• KYC is required before creating a transaction.

For more details on the Natmin project please visit our website or read our whitepaper.