Crypto Escrow Monitoring Service


WHAT IS CRYPTO ESCROW MONITORING SERVICE?

The Crypto Escrow Monitoring Service (CEMS) offers public reporting, publishing and monitoring of escrowed multi-signature cryptocurrency accounts controlled by a third party, usually start-ups, and Inlea Foundation. CEMS provides transparency, verification and safe for start-ups’ investors, shareholders and token holders.


WHO ENJOY CRYPTO ESCROW MONITORING SERVICE?

WHO ACCESS TO CRYPTO ESCROW MONITORING SERVICE?

When a company, start-up or project contracts the Crypto Escrow Monitoring Service, the funds stored are kept in 2 of 2 multi-signature cryptocurrency accounts which are controlled by the two entities that guarantee the accumulated funds are only used to the company, investors or project token from token holders.


WHO CONTRACT CRYPTO ESCROW MONITORING SERVICE?

Currently, Crypto Escrow Monitoring Service are contracted by:


Pungo token

Pungo Token


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HOW IS CRYPTO ESCROW MONITORING SERVICE?

WHAT DOES CRYPTO ESCROW MONITORING SERVICE PROVIDE?

The Crypto Escrow Monitoring Service (CEMS) provides three main services:

  • Monitoring and Reporting the funds of escrowed multi-signature cryptocurrency accounts created by a start-up or company, and co-controlled by Inlea Foundation.
  • Publishing, in a monthly basis, the origin of the accumulated funds, detailing deposits and withdrawals on the various cryptocurrency multi-signature escrow accounts.
  • Release of assets, including the payments from the escrow accounts.

ARE THE FUNDS SAFE WITH CRYPTO ESCROW MONITORING SERVICE?

The investors, shareholders or token holders can be safe:

  • Independency: Inlea Foundation is an independent party, not controlled directly or indirectly by any company or project who contracts.
  • Public: Inlea Foundation is hired to monitor and publicly expose and/or denounce any irregularity that goes against the service contract act established between the company and the Inlea Foundation. Inlea Foundation cooperates with authorities if the company does not collaborate or comply with the obligations.
  • Multi-signature cold storage accounts: The funds are kept in 2 of 2 multi-signature escrow accounts. The type, the amount, the number of the cryptocurrency wallets are decided by the company. Both Foundation’s and the Company’s approval is needed to unlock the funds.
  • Transparency: The Crypto Escrow Monitoring Service publishes in openingchain.org regular monthly reports.

WHAT DOES INLEA FOUNDATION WITH CRYPTO ESCROW MONITORING SERVICE INCOMES?

The Inlea Foundation is a non-profit organization and spends all Crypto Escrow Monitoring Service incomes to develop its main propose: promote training in ITC, human capital and incorporate new technologies and business models in society.

Consequently, the Inlea Foundation spends the incomes to develop the Opening Chain project exploring, disseminating and counseling the blockchain technology.