Community savings circles, secured by blockchain technology. Save together, build together — with code-guaranteed fairness.
A Round is a community savings circle — a tradition known across the world as stokvels, tontines, chamas, susus, and tandas. A group contributes a fixed amount on a regular schedule, and each cycle, one member receives the full pot. It's mutual aid, reimagined with blockchain trust.
Invite 2–20 trusted people. Everyone agrees on a contribution amount and frequency — weekly, bi-weekly, or monthly.
Every member contributes digital dollars into a secure blockchain vault. Contributions are tracked on-chain — transparent and tamper-proof.
Each cycle, the full pot is automatically paid out to the next member in the rotation. Blockchain rules enforce the schedule — no delays, no disputes.
Set the contribution amount (e.g. $100), frequency (e.g. monthly), and invite your members. A non-custodial blockchain vault is deployed to hold the group's funds securely.
Each cycle, every member contributes their share directly into the vault. Contributions are verified on-chain in real-time. Reminders are sent automatically so nobody misses a payment.
Once all contributions are received, the blockchain automatically transfers the full pot to the designated recipient. No manual approvals needed — the system handles everything fairly and transparently.
The cycle repeats until every member has received the pot once. The Round is then complete. All transaction history remains on-chain as a permanent, verifiable record.
Traditional savings circles rely on trust alone. Rounds backs that trust with blockchain guarantees.
Rules are encoded in the blockchain vault — contribution amounts, schedules, and payout order can't be changed once a Round begins. Code is law.
Contributions and payouts are in digital dollars — a stable, dollar-pegged digital currency. No crypto volatility — $100 in is $100 out, minus only a small protocol fee.
Funds sit in an on-chain blockchain vault, not in anyone's bank account. Nobody — not even coynitt — can misappropriate the pot. Your money is governed by code.
Every contribution, payout, and balance is visible on the blockchain. Members can verify the state of their Round at any time. No black boxes.
If a member misses payments, the blockchain enforces penalties and grace periods automatically. The group is protected without awkward conversations.
All participants are KYC-verified. Transactions are monitored for AML compliance. Community savings with full regulatory backing — a Canadian first.
Friends and family across borders saving together for shared goals — home renovations, tuition, or a group trip home.
Colleagues pooling monthly contributions for a rotating payout — a proven way to save that's been digitized and secured.
Church groups, cultural associations, and mutual aid networks running transparent, blockchain-backed savings programmes.
The social accountability of a group savings circle helps you stick to your savings goals. The blockchain makes sure you follow through.
Rounds is launching with coynitt's beta. Join the waitlist to be among the first to experience blockchain-powered community savings — fair, transparent, and built for the real world.