How it works

1. Decentralized User Registration

• Users sign up for Circles in a completely decentralized manner. Registration is facilitated through blockchain technology, allowing users to create accounts securely. This process includes wallet integration, enabling seamless access to funds.

2. Creating or Joining a Circle

• After registration, users can either create a new saving circle or join an existing one. Each circle consists of a group of individuals—friends, family, or colleagues—who collaborate to save together.

3. Setting Savings Goals

• Circle members collaboratively decide on savings goals, such as a specific amount or target date. This goal serves as a motivational factor for all participants and is recorded on the blockchain, ensuring transparency.

4. Decentralized Fund Contributions

• Members can contribute funds to the circle directly through their wallets. Each contribution is recorded on-chain, ensuring transparency and security. Users also have the option to customize their savings, including locking funds for a specified period, all managed through smart contracts.

5. Tracking Progress

• Users can track their savings progress in real-time through the platform’s dashboard, which displays each member's contributions, the total amount saved. This information is decentralized and accessible to all circle members.

6. Withdrawing Funds

• Circle members can withdraw their savings directly to their wallets. The decentralized nature of the platform ensures that users can access their funds whenever they need them without relying on a central authority.

7. Community Engagement

• Circles encourages friendly competition among groups, where members can celebrate achievements and motivate each other to save more effectively.