Introduction

This tutorial explains how to use the escrow system through the user interface. Each step corresponds to a core function of the smart contract and is executed via the UI.

1. Introduction

The escrow system enables secure peer-to-peer transactions using ERC20 tokens. A buyer initiates a deal with a seller by locking funds in the smart contract. The transaction is only completed once both parties accept the deal. In case of disagreement, a dispute can be raised and resolved by the administrator.

Key features:

• Funds are held in escrow until mutual agreement.

• A 3% fee is collected on every deal.

• Disputes can be resolved manually by an administrator.

• Funds can be withdrawn at any time after a deal is resolved.

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Additional Information

• Deals that are not accepted within 30 days can be expired via expireDeal().

• Users and admins can view balances using:

  • getUserBalance(address user, address tokenAddress)

  • getAdminBalance(address tokenAddress)

  • getContractBalance(address tokenAddress)