Thriftchains

Thriftchains leverages blockchain technology to redefine individual and group savings by providing a decentralized financial management platform. It addresses the challenges of financial planning, budgeting, and asset acquisition for individuals and groups. By offering customizable saving frequencies, and gradual acquisition of assets and goods, users can plan according to their financial capacity and goals.

Key components of the platform include:

• Savings Options: Individual and group savings.

• Financial Goals: Personalized or communal goals like landed properties, gadgets, home appliances, vehicles, and so on.

• Native  Savings: Savings contributions are made using users’ preferred native currency ( NGN, USD, etc).

• Asset Listing & Acquisition: Thrifters can thrift with asset owners who have the asset listed to purchase items gradually.

• Customizable Saving Frequency: Users can select daily, weekly, bi-weekly, or monthly saving schedules.

Objectives and Goals

• Primary Objective: To provide a decentralized platform where individuals and groups can save and contribute towards financial goals using native currency of locality.

• Secondary Objective: To promote financial discipline and goal-oriented savings through regular contributions.

• Goals:

  • Facilitate individual savings for personal financial goals.

  • Enable group-based savings with flexible borrowing and lending options.

  • Encourage public contributions towards communal financial goals.

Problem Statement

Many low—and average-earners in Africa especially Nigeria always experience challenges in financial liberation and asset acquisitions. Current financial institutions are either too rigid in their terms or inaccessible due to high interest rates and complex requirements. Traditional savings methods lack transparency, certainty, and ability to achieve goals due to delayed contributions and disputes over funds. 

Key Problems:

• Difficulty in maintaining consistent savings habits.

• Lack of transparency in financial tracking.

• Limited access to valuable assets due to capital constraints.

• Poor financial inclusion and goal-oriented planning.

Thriftchains transforms the way we save and acquire assets—because dreams deserve a better system. It redefines savings, making financial planning transparent, efficient, and accessible. Leveraging blockchain technology to empower individuals to take control of their finances, achieve their goals, and build a future they can be proud of.

Target Audience

• Asset Owners: Partners seeking for users to purchase items and pay in thrift

• Thrifters (Individuals): Seeking to save for personal goals, participate in group savings, and potentially access loans within their trusted circles.

Thrifters (Groups): Friends, families, or communities looking to pool resources for shared objectives, such as purchasing assets or supporting community projects.

Contract Deployment:
ThriftUp Address: 0x927310eB93757F6Ac913952728F1b41FfECaF148

MockToken Address: 0x955afC1DBfcA60A0ac431C82D113eb6878BDcB53

Single Thrift Clone: 0xe654595436880f3070495DDc6C881dB4e534ee96

Group Thrift Clone: 0x95eB13e265d2C0E4d22067c0DBfBfeef42A342c8

https://thrift-chains-pharos.vercel.app/