For centuries, communities across Africa have pooled money in "Chamas" to help each other thrive. But trust issues and mismanagement can easily break these vital systems. Meet Chama, built by @Gethsun1 and @RayAlla12970295, who solve all of these problems 🧵
Chama is the first platform bringing traditional group savings circles (ROSCAs) onchain with automated contributions, penalties for defaulters, and transparent fund distribution.
Introducing Chama Dapp for Scroll Open A decentralized savings platform transforming traditional ROSCA into a transparent automated & secure on‑chain experience Create & join savings groups Auto contributions & fair payouts @_openeconomy @scroll_zkp
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.