EnverX employs escrow as a reliable safeguard to enhance security and transparency in transactions, ensuring a trusted mechanism for financial interactions between projects and investors.
How does it work?
Project Investment Protection: After an investor funds a project and it reaches its goal, it enters an escrow state for added security.
Withdrawal Request Process: When a project developer submits a withdrawal request from escrow, EnverX's escrow team meticulously verifies it, matching the request with project milestones.
Approved Withdrawals: Upon successful verification and compliance checks, the approved amount is released. The released funds become visible in the project developer's EnverX organization wallet, ensuring clear visibility and traceability.
EnverX's escrow process is thoughtfully designed to instill confidence, trust, and transparency at every stage of the investment journey for both investors and project developers.