Version 4.0 - Non-custodial Solana Escrow
Platform / Service — Website and software interface for transactions using an escrow smart contract on the Solana blockchain.
Buyer — User who transfers SOL into the escrow contract to purchase information.
Seller — User who receives SOL after the Buyer confirms delivery.
Escrow Contract — A Solana smart contract (PDA) that temporarily locks the Buyer's funds.
PDA (Program Derived Address) — An address on the Solana blockchain without a private key, controlled solely by smart contract code.
Arbitration — Dispute resolution procedure between Buyer and Seller by the Platform administration.
2.1. The Platform is a technical intermediary providing an interface for listings, escrow contracts, and arbitration.
2.2. The Platform is NOT a custodial service, bank, or party to the transaction. We do not guarantee the quality of the information provided.
2.3. Key Feature: Buyer funds never reach the Platform's wallet. They are locked in a secure PDA controlled solely by the smart contract.
2.4. No one (including the Platform and hackers) has access to the locked funds until the contract conditions are met.
3.1. The fee is 5% of the transaction amount in SOL.
3.2. The fee is paid by the Buyer at the time of transaction creation and is non-refundable under any circumstances.
3.3. When creating a deal, the Buyer signs a transaction: 95% of the amount → Solana escrow (locked), 5% fee → Platform account.
3.4. Upon deal confirmation, 100% of the locked funds (95% of the total amount) are transferred directly to the Seller.
Step 1. Seller creates a listing with a price in SOL.
Step 2. Buyer initiates the deal. Phantom requests payment: 95% to the escrow account (PDA), 5% fee to the platform.
Step 3. Lock: Funds are considered locked after 1 network confirmation. The Buyer cannot withdraw them independently after this.
Step 4. Seller transfers information to the Buyer (via chat, email, etc.).
Step 5. Buyer clicks "Confirm Receipt". The smart contract immediately transfers 95% to the Seller.
Step 6. Timeout: If there is no confirmation or dispute within 48 hours, funds are automatically transferred to the Seller.
5.1. A dispute can be opened if information is not delivered or doesn't match the description (before confirmation).
5.2. Arbitration fee — 0.2 SOL (paid in Profile, non-refundable). A dispute blocks the automatic timeout transfer.
5.3. Review period — up to 7 business days. The arbitrator verifies the fact of information delivery.
5.4. Outcomes: In favor of Buyer (95% refund), In favor of Seller (95% payout), or proportional Split.
5.5. Arbitration decisions are final and not subject to appeal.
6.1. Blockchain risks: network congestion, smart contract errors, phishing. The Platform is not liable for these.
6.2. Volatility: The Platform does not compensate for SOL exchange rate fluctuations during the lock period.
6.3. Fraud: The Platform does not verify user identity. Buyers assess risks independently when choosing a Seller.
6.4. Quality: The Platform does not verify information accuracy. Protection is only available via dispute before confirmation.
6.5. Hacking: In case of interface compromise, the User must verify transaction parameters in their wallet.
6.6. No Compensation: The Platform has no insurance fund. All losses are borne by the User.
7.1. Transfer of illegal content, malware, or third-party personal data is prohibited.
7.2. The Seller guarantees rights to the information and compliance with legislation (including Germany and Ukraine).
7.3. The Platform may block an account for rule violations or at the request of authorities.
8.1. For users from Germany: the right of withdrawal does not exist for the delivery of digital information (as per § 312g BGB).
8.2. By clicking "Create Escrow", the Buyer confirms consent to immediate execution and loss of the right of withdrawal.
Changes take effect 14 days after publication on the Website.
By clicking "Accept Terms" and registering, you confirm full understanding of escrow mechanisms, fees, and all risks described in these Terms.