What is escrow wallet ?

The escrow wallet, as its name implies, entrusts a third party to manage the assets in the wallet.  It manages assets in a central system. The escrow wallet (hot wallet) is the WEN ecological application system wallet, It is used to entrust the system to keep the assets used for participating activities.

Users can freely withdraw the assets remaining in the custodial wallet and when the user needs to transfer assets to the active wallet to participate in ecological activities. There is no need to waste time by being confirmed by the block, and the escrow wallet is managed by the system, users do not have to worry about the risk of loss due to personal error.

The assets in the WEN ecological application escrow wallet can only be transferred to the blockchain wallet currently bound to the account. It is not possible to transfer funds internally to escrow wallets of other accounts.

FAQ Frequently asked questions：

1. How to transfer the escrow wallet to another account?

If your assets are in an escrow wallet, you need to transfer to the blockchain wallet first, and then to another receiving address（each WEN Eco has an exclusive wallet address）.

2. How to bind the escrow wallet of another account?

The escrow wallet of the WEN Eco application is bound to the user’s registered account, it cannot be changed to the escrow wallet of another account.