5.5.1. Savings Groups’ Characteristics

The general characteristics of each group of savings are as follows, but not limited to;

Each savings group has a participation fee, which is determined by the platform and paid to the platform, according to the group size basically (savings pool size).
Each group has a pool size limit, which expresses the payment that each participant will receive at the end of each period.
Each savings group has a predetermined crypto asset that specifies in which asset the savings will be made (with which cryptoasset the group payments will be paid and received).
Each savings group will be on a blockchain network that is selected by considering the group size, group assets, and networks integrated into the platform, and on which the relevant group works.
Each group has a timeline (deadline) for when the savings savings will be paid to the participants and when their participants will meet their payment obligations.
In each savings group, there is a security deposit that the user who receives payment at the end of a certain period must deposit to ensure that they will fulfill their payment responsibilities until the group ends as a result of the payment received.
In each group, there are rules regarding the process to be carried out regarding the liquidation of users who do not make their payments on time and fulfill their obligations.

Last updated 1 year ago

The general characteristics of each group of savings are as follows, but not limited to;

Each savings group has a participation fee, which is determined by the platform and paid to the platform, according to the group size basically (savings pool size).
Each group has a pool size limit, which expresses the payment that each participant will receive at the end of each period.
Each savings group has a predetermined crypto asset that specifies in which asset the savings will be made (with which cryptoasset the group payments will be paid and received).
Each savings group will be on a blockchain network that is selected by considering the group size, group assets, and networks integrated into the platform, and on which the relevant group works.
Each group has a timeline (deadline) for when the savings savings will be paid to the participants and when their participants will meet their payment obligations.
In each savings group, there is a security deposit that the user who receives payment at the end of a certain period must deposit to ensure that they will fulfill their payment responsibilities until the group ends as a result of the payment received.
In each group, there are rules regarding the process to be carried out regarding the liquidation of users who do not make their payments on time and fulfill their obligations.

Last updated 1 year ago