Put simply Crypto piggy is a platform that enables crypto holders to maximize the value in saving thier crypto.
But that does not sum it up. We have built a completely new protocol (FIS Protocol) that works with the sole purpose of incentivizing users to save securly, and socially.
CryptoPiggy is made up of savings(tokens data), FIS Coin, social savings groups, and vetted investment opportunities.
Heres a breakdown to understand how CryptoPiggy works:
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TLOS: From the user account page we allow you to move your telos to Piggy, set a savings goal and duration.
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We support any ERC20 Token: Users Approve the contract to take the tokens and then add the amount to the contract.
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Saving Groups and Circles: A user has a group of addresses they are connected to by permissions. This list of addresses is called a circle. When a user creates a social savings group, they set a goal e.g. "We are saving to by our first Car", a target amount "100TLOS", a duration (6 months) etc. The Group visibility can be public or just within your circle.
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Investments: Also called vetted opportunities, through a governing system the contract admin can post investment opportunities e.g "Chickin farm in Virginia", for users to convert from their savings balance. An investment uses the FIS protocol to create a profit risk investment. Meaning you can only lose what you were expecting to gain.
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The smart contract.
This is a web3 app interacting with the TLOS Chain
- Ethers 6+ for interaction
- Next.js 14 for Frontend
- Solidity for contract
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CryptoPiggy introduces a system that incentivises the crypto community to save. Currently we are incentivised to spend.
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Even if you are not a fan of savings. This provides a more secure decentralized location for your token. Wallets get compromized everyday. Smart contracts don't have private keys and thus limited hacks.
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We promote a social finance system by enabling users work together to save.
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Instead of letting that cash just sit in your wallet, or any savings protocols, You can turn it into a Fair Investment (Risk = +-Profit).
It’s pretty easy to use, just visit CryptoPiggy Website
Very much not complete, but were heading there.
| Name | Role | Github |
|---|---|---|
| Nwaoha Precious | Frontend x Ethers | @preciousnwaoha |
| Adams David | Smart Contract x Hardhat | @adamsdavee |