Reserve

Reserve

Already managed few small amount and one for a campaign. I have shown that campaign as reference. But other small transactions not mentioned on the forum so I have not mentooned here. People not trusting me only after getting loan or i only trust them but a lot og people who traded with me trusts me and sends funds to me first. Also when people sends collateral they send first to me.

Good Luck bro @shasan, welcome to the new journey, hopefully great successful story in the future.

I do not see that shasan needs to establish a history of trust to prove that he is trustworthy enough to launch escrow services in amounts that exceed his annual income from the signature campaigns he joins.  He runs the most important lending services on the forum and has a significant number of assets in the form of unsecured loans to many forum members.  This strengthens his position as one of the most reliable members of the forum and has enough preparations to manage this type of service.
Those who use his services will be aware of these details since his trustworthy page says everything even to those who do not know him.

There has to be a beginning sometime. Learning from his mistakes may be expensive, but it is one of the best ways to gain experience. Given that he already deals with financial services, I believe he has a good basis for an escrow offer.
Although I personally would never decide on such a business, there are too many parameters that are difficult to recognize in advance and can turn for the worse.
Anyway, good luck with this shasan, I hope you'll be successful.

I have been following you for really long time and I believe you will be doing a great job . Please make sure you do not get duped by any of the dealing parties !

Nice to see you in this field after the lending service. I also feel good to see provably I was probably the first person who used you as an escrow , It was a smooth deal.

As the previous replies are saying be careful in this field. In lending, if you make some mistake then you will lose the fund that will be lent, but in this Escrow field if you make any mistake you will lose your Reputation which is 100x bigger than any amount of money.

One more thing I want to suggest. If you do any escrow for a bounty campaign must make the deal crystal clear. Basically, the things that will do the distribution after ending the bounty. Bounty distribution may cost a huge amount of fees based on the network. So if the deal is you have to make the distribution must ask for the fees upfront (with the escrow fund). otherwise, it can create a big problem if the project team leaves after ending the campaign

Btw best of luck!

But the combination of the two services might be good for him since he has been in the lending service for some years now and with that he has the experience to deal and overcome the scammers and their technical know how. And whereby he hasn't get experience in the escrow service before this time, I will also advise him to focus on the leading service which he has more experience with, because scammers are subtle and we have heard and seen campaign managers escrow accounts were hacked all the funds were stolen. I believed even this year we have heard such bad news in the forum.

But if shasan can also face the risk and determine to do the service then it is good because practice make perfect. Therefore we should not discourage him but to encourage him. We wish you all the best @shasan.