Informative MicroLikes Escrow Program! 🚀

Mike30

Determined Admin
Staff member
+ Platinum +
Escrow

Great News for MicroLikes Users! 🚀

Starting January 1st, 2025, we’re rolling out the MicroLikes Escrow program—designed to enhance marketplace security and reward your commitment to our community.
This program not only protects members from scams but also allows you to earn rewards on your MicroLikes Escrow Balance, with rewards deposited directly into your main MicroLikes balance every month.

How It Works:

1️⃣ Purpose:
  • To ensure a secure and scam-free marketplace by requiring members MicroLikes Escrow Balance as a sign of accountability.
  • Your Escrow amount will also be displayed on your posts and profiles here at ForumRace, showing others your level of commitment and accountability. This visibility builds trust and reputation within the community.
  • Your escrow balance will be accessible/viewable publicly to other forums, websites, other users, guests, other software/programs, through the MicroLikes API, as they may use this feature to grant you some level of trust or access to their systems/marketplaces, etc...
2️⃣ Minimum Amount:
  • Start with a minimum of 1,000 MicroLikes withheld to join the program.
3️⃣ Earn Annual Rewards Based on Your Escrow Balance:
  • 1% Annual Reward: From 1,000 to 4,999 MicroLikes withheld.
  • 3% Annual Reward: From 5,000 to 9,999 MicroLikes withheld.
  • 5% Annual Reward: For 10,000 to 99,999 MicroLikes withheld.
  • 10% Annual Reward: For 100,000+ MicroLikes withheld.
4️⃣ Monthly Payout:
  • Rewards are calculated the 15th day of each month and deposited directly into your main MicroLikes balance on the following 20th day —simple and hassle-free!
5️⃣ 6-Month Total Lock Period:
  • MicroLikes Escrow Balances remain locked for the first 3 months. After this period, you can request a withdrawal, which will be processed following a 90-day review period to ensure there are no pending claims.

Example Earnings:

Here’s what your rewards could look like:
Withheld MicroLikes
Annual Rate
Monthly Reward
1,000 MicroLikes
1%​
0.83 MicroLikes
5,000 MicroLikes
3%​
12.50 MicroLikes
10,000 MicroLikes
5%​
41.67 MicroLikes
100,000 MicroLikes
10%​
833.33 MicroLikes

Key Dates:

  • Program Launch Date: January 1st, 2025
  • First Monthly Reward Payout: February 20th, 2025

Why Join the Program?

✅ Earn Rewards: Turn your withheld MicroLikes into a growing asset with consistent annual rewards.
✅ Build Marketplace Trust: Show your withheld amount on your posts to demonstrate your accountability and commitment to a scam-free environment not only here at ForumRace, but anywhere and to anyone using MicroLikes Escrow balance as a mean of trust level.
✅ Enjoy Marketplace Privileges: MicroLikes Escrow Balance unlocks full access to ForumRace marketplace.

Don’t miss this opportunity to grow your MicroLikes Escrow Balance and build up your trust level among websites!
Questions? Drop them in the comments.

Let’s make 2025 a year of growth, trust, and marketplace excellence! 🌟
 
Last edited:

Nomad

Well-known member
Premium +
Escrow
Wow, this is a great feature for microlikes users. We can not only earn rewards but if we are trading on Marketplace, there is zero percent chance for getting scammed. Recently, I hired some one to work on my forum through FP. A couple of days later, he said he was in difficult situation and need some money. I paid him. Then he stopped working. I have sent multiple messages but he has not replied. I could of course report this to FP administration but I do not want to make a scene with a case involving small amount.

If we have escrow service here, I think it will give confidence to both buyer and sell to trade on the platform. I have been using escrow services for many years and I think it is a great way to secure your money and service.
 

eLdavis

Well-known member
Premium +
Escrow
This is an awesome update, let's see where this project would take us to in the future.
 

Ginger

Well-known member
Community Manager
Premium +
Escrow
That's a very good move and will certainly help each one of us to stay safe from scammers.
 

Augusta

Well-known member
Premium +
Escrow
Yeah this is a good initiative. This will help keep scammers out of our community. Dear admin this is a very good one
 

Joshua Farrell

Supporter +12
Love this new addition! Hope people will take advantage of it, and put a little towards this.
 

Mike30

Determined Admin
Staff member
+ Platinum +
Escrow
Love this new addition! Hope people will take advantage of it, and put a little towards this.
I am just launching the Escrow program and right now it's voluntary, but soon will be a requirement for all users to make sure everyone is covered and they are not a liability to me.(so each one is responsible for their own actions)
 

Mike30

Determined Admin
Staff member
+ Platinum +
Escrow
I moved this thread to General Talk (Making Money Online)
so it can be read/seen by our guests as well.

I also updated the first post to make this available not just for ForumRace members, but for all MicroLikes users:
and added this statement as well:
  • Your escrow balance will be accessible/viewable publicly to other forums, websites, other users, guests, other software/programs, through the MicroLikes API, as they may use this feature to grant you some level of trust or access to their systems/marketplaces, etc...
 

Yusra

Well-known member
Premium +
Counselor
Escrow
This is fantastic news for MicroLikes users. Im sure and hope we and other forum users will take advantage of it.
 

Yugocean

Well-known member
Premium +
Escrow
I am a busy person, so I am not able to go to every post; I am reading this post only today. You did the right thing by bringing it to the top of the general talk; otherwise, I would not have known.

Anyway, it is my habit to list the pros and cons, so I will list its pros as well.

Pro:- This scheme will give passive income to people.

Con:- Emergency withdrawal will not be possible due to the long lock period for withdrawal.

Suggestion
People will join this scheme so that they can earn passive income, so why would they want to withdraw at any time other than in an emergency?

Therefore, this 6-month total lock period should be for first time only; after that, withdrawal should be allowed anytime.
 

Mike30

Determined Admin
Staff member
+ Platinum +
Escrow
I am a busy person, so I am not able to go to every post; I am reading this post only today. You did the right thing by bringing it to the top of the general talk; otherwise, I would not have known.

Anyway, it is my habit to list the pros and cons, so I will list its pros as well.

Pro:- This scheme will give passive income to people.

Con:- Emergency withdrawal will not be possible due to the long lock period for withdrawal.

Suggestion
People will join this scheme so that they can earn passive income, so why would they want to withdraw at any time other than in an emergency?

Therefore, this 6-month total lock period should be for first time only; after that, withdrawal should be allowed anytime.
Thank you for sharing your thoughts and suggestions! I’d love to clarify the purpose and benefits of the MicroLikes Escrow Balance program, particularly regarding the lock period you mentioned.

The 6-month total lock period is a key feature designed to achieve two primary goals:

1️⃣ Enhancing Trust and Accountability:
The Escrow Balance is publicly displayed on your posts and profiles, not only here at ForumRace but also across other platforms that utilize the MicroLikes API. This visibility builds trust and reputation, showing your commitment to a scam-free marketplace. By locking funds for the initial period, we ensure that members are genuinely invested in maintaining this trust.

2️⃣ Protecting the Ecosystem:
The lock period allows the program to operate securely and effectively. It prevents hasty withdrawals that could compromise the rewards system or the marketplace's stability. Additionally, it provides a buffer period to resolve any disputes or claims before withdrawals are processed.

💡 Why Not Allow Immediate Withdrawals After the First Lock?
We understand that emergencies happen. However, allowing instant withdrawals after the first lock could reduce the program’s reliability as a trust-building tool. The 90-day review period following a withdrawal request ensures that any pending issues are addressed, safeguarding all users involved.

That said, we appreciate your suggestion and will consider introducing more flexible withdrawal options in the future for long-term participants. For now, the rewards and trust-building benefits far outweigh the temporary inconvenience of the lock period.


In other words, the MicroLikes Escrow program is not meant to be used for Emergencies. It serves as an insurance. And interest earned are added to your microlikes account every month where they can be used right away. Allowing Emergency withdrawals will allow scammers to scam someone and then requests their funds right away. So, this is definitely not allowed.
 

Ginger

Well-known member
Community Manager
Premium +
Escrow
I am sure other websites will soon start with this too and this is the need of the hour to make the environment safe for all users.
 

starmix

Well-known member
Escrow
I will do it once I accumulate the required amount. There are other things I have to do for the balance of my Microlikes this time. I want a smooth sailing on Forum Race in 2025.
 

Yugocean

Well-known member
Premium +
Escrow
@Mike30 I read everything you wrote, and I agree with your plan. However, if someone invests 10k in Microlikes Escrow and later invests another 20k after 2 months, will the 6-month lock period start again for the first 10k as well, or will only 4 months for the first 10k?
 

Mike30

Determined Admin
Staff member
+ Platinum +
Escrow
@Mike30 I read everything you wrote, and I agree with your plan. However, if someone invests 10k in Microlikes Escrow and later invests another 20k after 2 months, will the 6-month lock period start again for the first 10k as well, or will only 4 months for the first 10k?
Each deposit is locked for a total of 6 months independently from previous ones or from the ones after.

If you deposited 10k on your escrow balance, and 3 months later you decide to request a 3k withdrawal, your public escrow balance will show 7k immediately after your request. Then 90 days later it gets deposited into your microlikes account if there is no claims against you.
All those details as balances, requests, available for withdrawal, etc.. will be shown on your new MicroLikes/Escrow dashboard.

I am looking forward to launch the dashboard by January first or before if possible.
 

arunima25

Well-known member
Escrow
This sounds like a great plan. I am going to be more focused in 2025 for ForumRace. These kind of initiatives are very encouraging for users. I am looking forward to soon updating my membership here. I am just collecting Microlikes to purchase the subscription.
 

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