1 Jun 2022 [services]

OrangeFren project announces 'Guarantee' service

The OrangeFren1 project has announced2 the addition of a new Guarantee service, which aims to protect its users from misbehaving exchanges:

The OrangeFren Guarantee is a service that works like a security deposit which is paid for by the exchanges I partner up with [..] if your money were ever to be stolen by the exchange you’ll be able to get it back directly from me.

Note that OrangeFren Guarantee currently only applies to FixedFloat3 trades.

Compensation amounts, limits and conditions are listed on the website and in the announcement thread2.

To learn more about the project, consult the previous Monero Observer report4.