WeTrust is a collaborative saving and insurance platform. It is autonomous, frictionless, and decentralized. WeTrust utilizes the Ethereum blockchain to create a full-stack financial system that leverages existing social capital and trust networks, eliminating the need of a “trusted third party”, which allows for lower fees, improved incentive structures, decentralized risks, and a greater amount of capital to reside among the participants.
- Will allow users to form and manage their own digital Rotating and Saving Credit Association platform (ROSCAs) on the Ethereum blockchain - Will reward users for recruiting new members, managing ROSCAs, or performing other services on the WeTrust platform (70% of fees are distributed back to users) - Decentralized: enables elimination of reliance on payment processors, reduces costs associated with fees and bureaucracy, and protects against fraud - Autonomous: transactions provided by Smart contracts - Frictionless: system designed the way that customers do not even know they are running on blockchain technology (Mobile App) - Lower fee: 0.1 to 5% transaction fee - Users will be incentivized to use their real world identities
Attention. There is a risk that unverified members are not actually members of the team
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