Terms of Service
The rules for using the JoobEscrow interface and its escrow contracts. The JOOB presale is governed by separate Presale Terms.
Nature of the Service (Non-Custodial)
Important: JoobEscrow is not a bank, a payment institution, or a custodian of funds.
JoobEscrow provides a software interface to interact with smart contracts deployed on BNB Smart Chain. JoobEscrow, its executives and its employees cannot seize or move escrowed funds outside the rules defined in the verified, open-source contract code. In an emergency, the JoobEscrow Safe multisig can pause the creation and release of escrows; withdrawals of credited funds and dispute resolution keep working during a pause.
Role of JoobEscrow: Third-Party Arbitrator
The platform acts exclusively as a technology provider and, where applicable, as a Third-Party Arbitrator (Dispute Resolver). When a dispute is declared by either party, the JoobEscrow arbitration multisig has the exclusive power to allocate the escrowed funds between the Client and the Provider, in any proportion from 0% to 100% (full refund, full payment or a split).
JoobEscrow is committed to analyzing delivery evidence impartially. The arbitration decision of JoobEscrow is final and binding. Details: how disputes work.
Platform Fee
The use of the smart contract is subject to a service fee (Commission), automatically deducted by the smart contract from the amount the Provider receives. The Client pays no fee. The fee depends on the escrow amount: 5% under $1,000, 3% up to $10,000, 2% above. The exact percentage is read from the smart contract and displayed before the funds are locked, and it is recorded on-chain for each escrow.
Inherent Risks of Cryptocurrencies
The use of the blockchain involves technical and financial risks, including but not limited to the loss of private keys, extreme volatility of crypto-assets, and network congestion. JoobEscrow declines all liability for the loss of funds due to a user manipulation error. Funds must be deposited exclusively in the supported stablecoins (USDT or USDC on BNB Smart Chain). Full list: risks & disclaimers.
Stale Disputes
Warning: to avoid paralyzing funds, if a dispute is opened and no solution is found within 30 days, either party can trigger a 50/50 split directly in the smart contract to unlock the funds.
Legality and Compliance
The JoobEscrow interface is a neutral tool. It is the strict responsibility of Users to ensure that the subject of their transaction is legal in their jurisdiction. JoobEscrow reserves the right to block access to its web interface to any IP address or wallet linked to illicit activities.
Geographic Eligibility
JoobEscrow is open to adults (18+). You are entirely responsible for verifying whether the use of cryptocurrency and decentralized protocols is legal in your country of residence. By using JoobEscrow, you represent and warrant that you are permitted to do so under your local laws.
No Financial or Legal Advice
Information provided on the JoobEscrow platform, marketing materials, or communications does not constitute financial, investment, or legal advice. JoobEscrow is a non-custodial software service, and you use it entirely at your own risk.