I believe Royse , as the escrow, will make decisions over the dispute.

But this is a public forum and anyone can open a topic about the situation.


There are so many exit scam around... A third-party escrow is always welcome. This gives an extra layer of security until ~5kUSD. This is pretty good imo.

I believe this is the new standard for avoiding or reducing the chances of a crypto swap service engaging in exit scams.

When I see a service that provides momentary custody (like an instant exchange) by making a third-party escrow with a highly reputable forum member or using a trustworthy campaign manager, it already improves my credibility with the service, making it a great first impression.

Quoted and verified

How did you verify the USDT amount?

It will be me. Any suggestions, support from the community that will help to resolve any case easily will be appreciated.

As the users, I do suggest you keep evidences unedited so that it helps me to investigate a case.


Yes, I have the custody of the funds. Right now it's exactly 4,997.4151 USDT on a TRC20 address. Whenever there will be any change, I will update the amount.

Even as good as this initiative is, there is still a gray area that cannot be addressed. I'm sure there are many forum users who wouldn't mind transacting with Lizex at the moment, being aware that about $5,000 in 'insurance' covers the business. Nevertheless, do not lose sight of the fact that there are many other potential users who may exchange amounts for more than what Royce has custody of. So in a sense, this supposed insurance covers ONLY members of the forum who are aware that it exists.

Let's not forget that these could be non-members who may be motivated by the surge of support or patronage from forum members without knowing it's incentivized by an insurance. There non-members may end up exchanging for far more than $5,000. I'm not suggesting that Lizex could be an exit scam. I'm just saying that social signals could mislead people who may not be aware of the cautious approach others who are more informed took.

Nice initiative Lizex.io X Royse.

Btw, does this also mean for every disputed funds that are paid out by you, you will have to sign off with a new signature and amount update on this thread ?

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Btw format of USDT is incomplete ( commas and decimal missing somewhere), when it comes to money assumptions can't be made.

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Was wondering the same, but am guessing tx id wasn't shared to avoid tagging/tainting the address/funds should anything happen like the Sin situation.

 

Why open a dedicated thread for disputes in advance? This is an escrow only as a guarantee up to a certain amount.
I assume that it is expected that there will be no disputes (there were none until now), but if there are, it is easy to open a discussion.

Thanks for the update

I never knew what was going on until I had to check the thread. Perhaps an update on the thread title could work? Like an addition of the day you will withdraw the security.