Lynxfort is a project that aims to combine the benefits of a cryptocurrency token and an escrow service provider. Lynxfort has its own native token, LYNX, which is based on the Ethereum blockchain and follows the ERC-20 standard. LYNX can be used for various purposes, such as paying for fees, rewards, governance, and staking.
Lynxfort also offers a secure and reliable escrow service for crypto transactions, using smart contracts and multi-signature wallets. Lynxfort escrow service allows users to buy and sell cryptocurrencies with confidence, knowing that their funds are protected until the transaction is completed. Lynxfort escrow service supports multiple cryptocurrencies, including Bitcoin, Ethereum, USDT, and LYNX.
Agreement: The buyer and the seller agree on the terms and conditions of the transaction, such as the price, quantity, and delivery method of the cryptocurrency.
Escrow setup: The buyer and the seller choose Lynxfort as their escrow service provider and create an escrow account on their website or app. Lynxfort generates a unique multi-signature wallet address associated with the transaction, which requires two out of three signatures to release the funds. The third signature belongs to Lynxfort, who acts as the mediator in case of a dispute.
Buyer’s payment: The buyer sends the agreed-upon amount of cryptocurrency to the multi-signature wallet address provided by Lynxfort. The funds are locked in the wallet and cannot be accessed by either party until the conditions are met.
Seller’s delivery: The seller delivers the cryptocurrency to the buyer as per the agreed-upon terms. The seller can use any platform or method they prefer, such as a crypto exchange, a wallet, or a P2P service.
Buyer’s inspection: Upon receiving the cryptocurrency, the buyer has a specified period to inspect and verify their satisfaction. If everything is in order, the buyer signs the transaction and releases the funds to the seller. If there is an issue, the buyer can raise a dispute and contact Lynxfort for resolution.
Release of funds: Once the buyer signs the transaction, the seller also signs the transaction and receives the funds from the multi-signature wallet. If there is a dispute, Lynxfort reviews the evidence and decides whether to release the funds to the seller or return them to the buyer.
Lynxfort charges a fee for its escrow services, which is usually a percentage of the transaction amount. Lynxfort also provides 24/7 customer support and dispute resolution in case of any issues or conflicts between the buyer and the seller. You can learn more about Lynxfort and its token and escrow services on their website
Professionals with Competence
We collaborate in a setting of trust and friendship where partners support one another.
Outstanding Service
Our goal is to give customers the greatest value and service available in the sector.
Security
Your money is kept safe and secure by our system's authentication, cold storage, intelligent backup, and manual withdrawal processes.