Our Aim?
We aim to create a peer to peer financial lending protocol based on the age old Nigerian tradition called Ajo, which presents a round robin style of claiming a pool of funds provided by peers.
Please connect your wallet to proceed.
OUR PROCESS
Inspired by peers, driven by funds
1
Inspired by decentralisation
Start by connecting your metamask wallet, then creating a cooperative on this page and specifying several characteristics of the cooperative.
2
Driven by peers
The next step is to invite peers to your cooperative, participation is by invitation only and each member is entitled to only one invitation. so when you invite one account, that account can invite another account, and so on, until limit is reached and the funds pooling can start
3
Facilitated by funds
After the cooperative has reached its member limit, it is then kicked off and one random member is assigned a 'claimer' status. Everyone except the claimer named 'depositors' makes a deposit within the specified time period.
4
Completed by claiming
When all 'depositors' have made a deposit, the 'claimer' then claims all the funds in the pool, a new 'claimer' is assigned and then we repeat step 3, until every member have attained 'claimer' status and the cooperative is marked as closed.
OUR VALUES