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#Monero Contract System
**Monero Contract System** is a open source web application written in Rust that allows for you to host your own escrow service. (with no javascript involved)
People can create contracts like, "You will build me a website like X and Y in 1 month" or the what i think will be the most common "You will sell me 10 xmr for 2k usd"
The person that is selling the XMR will deposit that on escrow, share the link to the other end that the money is in escrow, and if the other end (in you usd example) deposited the usd , you can release the funds to him. That is if things go smoothly, if not you can contact the website administrator for escrow.
Right now the only form of monetizing that is if something goes wrong you charge a fee for doing the arbitration. If you want me to add the feature of always taking like a 5% fee, i can add it.
- You can see it roling in a video here: [Monero Contract System MVP demo](https://odysee.com/@nickbrazilian:b/monero-contracts-system:5)
- Or you can run it yourself in here: [Github of the MVP](https://github.com/nickbrazilian/monero_contract_system)
#This proposal is to make the first release and allow people to run a business on top of this.
Me, Nicolas, will be doing all the dev work by myself in the span of 4 months.
I have divided this into 4 parts: Improve security, Usability, and deployability. Getting a payout for each part that is done.