Starting a New Escrow
The creation of an escrow contract is exclusively initiated by the buyer. This means it can only be initialized if you are the party requesting a service or purchasing an asset. Providers or sellers must inform the buyer to commence this process.
To establish an escrow contract between the receiver and the provider, the buyer must input the seller’s contract address into the designated field. Subsequently, the buyer specifies the amount of tokens to be transferred upon the contract's completion. The next step involves selecting a token contract for the escrow, either from Elektroscrow's listed tokens or by entering a custom token. (Always conduct due diligence when using custom tokens) Once all fields are populated with correct data, the buyer finalizes the process by clicking the Start Escrow button to create the contract.