Risks & Disclaimers
We believe in full transparency. Before using JoobEscrow, please read and understand the following risks.
1. Smart Contract Risk
While our smart contracts were audited by SpyWolf (an independent Web3 security firm), there is always a non-zero risk of undiscovered vulnerabilities in any software. If a critical bug is exploited, funds locked in the escrow could be lost. We reduce this risk with an independent audit, a Safe multisig for admin actions and an emergency pause.
2. Non-Custodial Nature
JoobEscrow is a decentralized, non-custodial protocol. We do not have access to your private keys, nor can we arbitrarily move your funds outside of the strict rules defined by the smart contract. If you lose access to your wallet, JoobEscrow cannot recover your funds.
3. Irreversibility of Blockchain Transactions
Transactions on the BNB Smart Chain (BSC) are permanent and irreversible. If you release funds to a provider prematurely, or send funds to the wrong address, those actions cannot be undone by JoobEscrow or anyone else. Always double-check contract addresses and wallet addresses before signing a transaction.
4. Asset Volatility
While we primarily support stablecoins like USDT to mitigate volatility, the underlying blockchain networks and assets are subject to extreme market fluctuations. JoobEscrow is not responsible for any loss of purchasing power that occurs while funds are locked in escrow.
5. Administrator Dispute Resolution
In the event of a dispute, the JoobEscrow administrator acts as a neutral third party to resolve it based on the evidence provided. By using the platform, you agree to abide by the administrator's final decision. If a dispute remains unresolved for 30 days, the protocol has a "stale dispute" fallback that allows either party (client or provider) to trigger a 50/50 split of the funds.
6. Regulatory considerations (MiCA / EU)
JoobEscrow is a non-custodial software protocol. It does not provide investment services, financial advice, or portfolio management. Users interact directly with smart contracts on the blockchain. You are entirely responsible for ensuring that your transactions comply with the regulations in your jurisdiction (including the EU Markets in Crypto-Assets regulation where applicable).