Omnify’s crypto escrow service is a brand new way of safely auctioning and trading crypto tokens. It is a peer-to-peer way of exchanging crypto coins.
On OmniEscrow, anybody can create an escrow contract on any of our supported networks. Then, they can share the contract’s ID to receive bids and trade their offered assets with someone else’s.
Once any bids are placed, the owner can safely accept a bid to instantly swap their offered assets for the bidder’s offered assets.
Upon accepting a bid, our smart contracts instantly transfer the offered tokens to the bidder — and the bidder’s tokens to the owner.
This trustless method ensures a safe, transparent, and foolproof way of trading crypto coins. It keeps both the owner’s and bidder’s assets safe from any misuse by maintaining a self-custody and peer to peer mode of action.
Start using OmniEscrow to auction, trade, and bid crypto at escrow.omnify.finance or app.omnify.finance/escrow.
Alternatively, you can programmatically call our Escrow contract using its interface.
Omnify crypto blog is focused on bringing you all the latest news about crypto, blockchain, and digital assets from Omnify. Along with the state of the crypto payments, crypto bridges, and crypto deposits industries. Omnify is a multi-chain open-source app deployed on many blockchain networks like Ethereum, OP Mainnet, Arbitrum, Polygon.
