Decentralized Escrow with SaveChives: A Safer Way to Buy and Sell Online

James-Walstonn
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In today’s digital age, online transactions have become a norm for buying and selling goods and services. However, with the rise of online scams and frauds, it’s important to have a secure and reliable platform for conducting these transactions. This is where SaveChives comes in.

SaveChives is a decentralized escrow platform that utilizes non-fungible tokens (NFTs) as moderators to resolve disputes between buyers and sellers. The platform operates on the VBHex blockchain, which ensures transparency and security in transactions.

The process of buying and selling on SaveChives is simple and straightforward. Once a transaction is completed, the buyer has the option to confirm the order on VBHex. If the buyer is satisfied with the transaction, they can confirm the order and the seller will get paid immediately. If the buyer neither confirms nor disputes, the seller will be able to claim the funds after a certain period (depending on the settings).

In the event of a dispute, both the buyer and seller can choose a moderator (which is deployed as an NFT) for their transaction. If the dispute cannot be resolved by the moderators, the app owner will make a final resolution. It’s important to note that only after the seller refuses to dispute can the buyer/seller escalate the dispute.

SaveChives also has a unique feature where only escalated disputes can be resolved by moderators. Additionally, the moderators will receive a commission fee and score if their resolution is the same as the final one. This ensures that the moderators are held accountable and motivated to make fair and just resolutions.

In summary, SaveChives is an innovative and secure platform for conducting online transactions. By utilizing NFTs as moderators and the VBHex blockchain, SaveChives ensures that buyers and sellers have a safe and reliable experience when buying and selling online. Try it out for yourself by visiting www.savechives.com.