How It Works

Parinum uses a double-sided collateral model to ensure trustless, secure transactions between buyers and sellers.

Trustless

No middleman required. Smart contracts handle the escrow logic automatically.

Collateralized

Both parties lock collateral to incentivize honest behavior and fulfillment.

Secure Payment

Funds are only released when the buyer confirms receipt of the goods or service.

Buyer Initiates Purchase

Payment + Collateral

The buyer starts by configuring the purchase agreement. You'll need the seller's wallet address. To ensure fairness, you will deposit the Purchase Price plus a Collateral Amount.

Go to Create Purchase

Seller Confirms

Collateral Deposit

The seller reviews the contract terms. To accept, the seller must also lock the Collateral Amount. This state ("Confirmed") signals that the order is active and the seller can proceed with delivery.

Go to Confirm Purchase

Delivery & Release

Funds Distributed

Once the buyer receives the item or service, they unlock the funds. The smart contract sends the Payment + Collateral to the Seller, and returns the Collateral to the Buyer.

Go to Release Purchase

Change of Plans?

If the seller hasn't confirmed yet, the buyer can Abort the purchase to retrieve their funds immediately.
Go to Abort Page →