ROSCA: Decentralized Savings & Fund Pool utilizes Cardano-SC

[Proposal setup] Proposal title

Please provide your proposal title

ROSCA: Decentralized Savings & Fund Pool utilizes Cardano-SC

[Proposal Summary] Budget Information

Enter the amount of funding you are requesting in ADA

69000

[Proposal Summary] Time

Please specify how many months you expect your project to last

8

[Proposal Summary] Translation Information

Please indicate if your proposal has been auto-translated

No

Original Language

en

[Proposal Summary] Problem Statement

What is the problem you want to solve?

Cardano’s DeFi is still early stage with TVL under $300M (<1% of Ethereum’s). It lags behind Ethereum and Solana, needing growth as ADA treasury funds shrink and fees alone can’t sustain it.

[Proposal Summary] Supporting Documentation

Supporting links

• https://drive.google.com/file/d/1GfixVmOhXQWw4jj8_3vNMKp5B_GxCMyM/view?usp=sharing
,
• https://dualcore-team.gitbook.io/rosca-sc-f14
,
• https://github.com/DUALCORE-VuNam/Cardano-Decentralized-ROSCA-contract
,
• https://www.linkedin.com/in/vu-nam-5922682a7/
,
• https://www.linkedin.com/in/tai-nguyen-287513336/

[Proposal Summary] Project Dependencies

Does your project have any dependencies on other organizations, technical or otherwise?

No

Describe any dependencies or write 'No dependencies'

No dependencies

[Proposal Summary] Project Open Source

Will your project's outputs be fully open source?

Yes

License and Additional Information

Yes, the entire project will be released under the MIT License. The source code and datasets will be made public on GitHub from the first stages of the project.

[Theme Selection] Theme

Please choose the most relevant theme and tag related to the outcomes of your proposal.

DeFi

[Campaign Category] Category Questions

Describe what makes your idea innovative compared to what has been previously funded (whether by you or others).

Our ROSCA (Rotating Savings and Credit Association) model introduces innovation by combining the traditional community-based savings mechanism with blockchain-native features tailored to Cardano. While previous funded projects in Catalyst have focused on decentralized lending, staking pools, or microfinance solutions, none have explored a non-liquidation, collateralized ROSCA contract where participants secure their commitments with ADA or stablecoin in a risk-free structure.

Describe what your prototype or MVP will demonstrate, and where it can be accessed.

Our MVP is a ROSCA dApp on Cardano that enables users to form savings groups with trustless, collateralized commitments via smart contracts. Users contribute in cycles, receive payouts in turns, and provide ADA/stablecoin collateral. The MVP will run on Cardano testnet with open-source code and a demo UI accessible via GitHub and web app.

Describe realistic measures of success, ideally with on-chain metrics.

Success will be measured by the number of active users, completed ROSCA cycles, smart contract interactions, total ADA/stablecoin collateral committed, and group formations—all observable on-chain. We will also track payout history, and user retention via testnet explorer and analytics dashboards. Community feedback during MVP testing will provide additional qualitative metrics to assess usability and trustless functionality.

[Your Project and Solution] Solution

Please describe your proposed solution and how it addresses the problem

• SOLUTION:
• We will build a proof of concept and a basic smart contract minimal prototype to create the ROSCA 1.0 application development platform, a DeFi platform that allows savings and credit pools to generate profits from net interest on shared funds, scalable and globally accessible. By building a decentralized platform using Cardano Smart Contracts, where all users on the ecosystem can participate with a completely new model of capital accumulation and mobilization, a flexible model for participating users to suit their individual needs for flexible capital usage plans on the Cardano ecosystem.
• ROSCA's target audience is quite diverse in the current Cardano ecosystem, because the nature of the ROSCA model aims to build sustainable medium- and long-term finance by accumulating interest as well as supporting members in the ecosystem to be able to mobilize capital proactively in the form of installment payments through each cycle. The ROSCA model is suitable for newcomers to the market as well as experienced investors, because the nature of the model is not subject to price fluctuations in the market. Specific target audiences: unbanked communities, businesses, DAOs, Defi Newcomers, Blockchain Beginner, Freelance, Builder,...
• PROOF OF CONCEPT:

Explanation of the ROSCA model:

• ROSCA is a financial model in the form of a revolving savings and credit fund for all participating members. The main content of this model is to build a financial fund where participating members can accumulate medium-term assets as well as mobilize capital proactively. The way this model operates is based on the ability to auction and bear pre-calculated interest rates for members who need to mobilize capital proactively, and the model also serves members who need to accumulate medium-term or long-term assets similar to the form of savings with interest. This ROSCA contract demonstrates the decentralization in the way it operates as well as providing a safe accumulation model and proactive capital mobilization for participants as well as serving many needs of operating a personal financial model flexibly for everyone.

THE CONTRACT LOGIC IS IMPLEMENTED:

• Each participating member must deposit a certain amount of capital F depending on the smart contract with the value of the contract. After a certain period of time, the participating members are implemented in the form of reverse auction in each round, each price level, the members can calculate the amount of capital they can mobilize with the value of each round to make a final decision whether to accept the price of the reverse auction round or not. If the participant decides on the capital mobilization price, he will receive a certain amount of money from all participating members (A = F - B) and in the following cycles, the person who mobilized the capital must deposit a certain amount of capital F until all cycles of the contract end and is not allowed to participate in the auction in the following cycles of the contract. And the auction price will have gradually decreasing price steps if in the auction round no member accepts that interest rate until a member agrees to the interest rate at the next price step. And the contract will continue such auction rounds until the end of all the cycles of the contract. And the last member will receive the fixed capital F of all the members who have made the previous capital raising action.
• NOTE:

A: mobilized capital.

F: fixed monthly capital.

B: reverse auction price.

* Detailed Cycles and Actions:

-Month 1:

John needs money urgently, accepts 30% interest (3,000 ADA).

Cash Flow: Alice → 7,000 ADA → John.

Cash Flow: Bob → 7,000 ADA → John.

John receives total: 14,000 ADA.

-Month 2:

Bob needs money, accepts 25% interest (2,500 ADA).

Cash Flow: John → 10,000 ADA → Bob.

Cash Flow: Alice → 7,500 ADA → Bob.

Bob receives total: 17,500 ADA.

-Month 3:

Alice receives money at 0% cost (last-mover advantage).

Cash Flow: John → 10,000 ADA → Alice.

Cash Flow: Bob → 10,000 ADA → Alice.

Alice receives total: 20,000 ADA.

*Final Financial Summary:

Members   Total Payouts   Total Received   Net Profit/Loss

John           20,000 ADA         14,000 ADA     -6,000 ADA ❌

Bob             17,000 ADA          17,500 ADA     +500 ADA ✅

Alice            14,500 ADA           20,000 ADA     +5,500 ADA ✅

-Summary:

John: incurred the highest cost of early capital, so lost 30% of his total contribution.

Bob: made only a small profit, reflecting the average cost of capital over the period.

Alice: did not need to raise early, so made the highest profit (nearly 38%) – this is the privilege of the last.

*Please refer to the extended spreadsheet of the ROSCA model. This is a spreadsheet that shows the detailed data of the entire ROSCA model simulating a larger scale real-world problem: https://drive.google.com/file/d/1DAkp0UZGCXImuq0SD-a8iUpruzUaIZnS/view?usp=sharing

Explain the role of Smart Contracts that will operate the ROSCA model:

• With the feature of ensuring logic and increasing transparency, eliminating third-party intermediaries. For members who want to participate, they will first have to lock a certain amount of assets into SC - this will be a deposit of each member. This smart contract will act as a controller of the fund and the deposit of all participating members. When the contract is launched within a certain period of time, it will act as a distribution of capital as well as collection and payment in a completely automatic manner for all participating members. Smart contracts in this model demonstrate the operation of the model in a compliant manner and minimize all risks as this model operates in real life.
• Process automation: Smart contracts automatically collect participation fees (F), initiate reverse auction cycles with discounts provided by the Oracle, and distribute funds (A = F - B) according to the established logic. The process is performed without the intervention of a third party, ensuring safety, accuracy, and synchronization.
• Irrefutable execution: Contract commitments are guaranteed by the blockchain. Members who have received funds will be bound to continue contributing F in the following cycles, and will be excluded from subsequent auctions.
• Transparency and trust: All transactions are publicly recorded on the blockchain, cannot be edited, creating trust between participants and minimizing the risk of fraud.
• Increased decentralization: No need for intermediaries such as banks or financial institutions. The entire operation process is run by smart contracts, reducing costs and increasing scale.

-Summary: Smartcontracts in the ROSCA model not only automate processes and ensure transparent execution, but also create a foundation for compact, secure, and flexible DeFi applications in the community.

*Uniqueness of the ROSCA:

• The combination of traditional model and modern technology: ROSCA is a rotating savings and borrowing model that has existed for hundreds of years in many cultures. However, because there are still many risk factors of this model in real life such as: the intermediary position of the treasurer will be the role of the person controlling the cash flow of the model and taking on the role of collection and disbursement for each cycle stage of the model, this shows dependence on a third party intermediary, and this is a very risky factor for participating members, potentially causing many factors that can cause damage to the assets of all members and destroy the overall structure of the model, the implementation of the model on the blockchain through Smart Contract - Cardano is a breakthrough, helping this model to operate for the first time in a decentralized, transparent and trustless manner among members.

• Smart integrated reverse auction mechanism: Different from traditional ROSCA models that divide shares in order or draw lots, this system integrates an automatic reverse auction mechanism (The discount value of each round will be provided by a random value provided by the Oracle), allowing those who need to raise capital to accept a higher interest rate, thereby increasing the return for the remaining members. This mechanism increases the efficiency of capital use and optimizes the benefits in the group.

• Financial discipline is guaranteed by smart contracts: Participation and maintenance of contribution obligations are no longer dependent on honor commitments, but are bound by self-executing contracts, eliminating the risk of the group's common treasurer breaking, leaving the group or cheating.

• Scalability and community financialization: With the coded logic, this model can be deployed to any community: from groups of friends (3-5-7-9-12 members per fund group and the time per cycle can be flexible), non-profit organizations, to self-operating DAOs. Users do not need in-depth financial knowledge, just need a Cardano wallet to participate and accumulate capital safely.

• Use pairs of the same type of value: Transactions and loans in ROSCA are made between value pairs of the same type such as ADA–ADA or stablecoin–stablecoin (USDM, USDA, Djed, etc.), which helps avoid the risk of exchange rate differences, thereby ensuring stability and ease of calculation for both the capital mobilization and accumulation roles.

• ROSCA diversifies Cardano’s DeFi ecosystem. Unlike most projects focused on AMM, lending/liquidation or yield farming, it introduces a new path: enabling long-term planning, accumulation and reinvestment through community finance, grounded in social structure and risk sharing—aligned with Cardano’s vision of financial inclusion.

[Your Project and Solution] Impact

Please define the positive impact your project will have on the wider Cardano community

The implementation of the ROSCA model on the Cardano blockchain platform not only brings value to individual users, but also creates a far-reaching positive consequence for the entire ecosystem:

• ROSCA is a decentralized finance (DeFi) application that is close to real life. Instead of approaching users with complex DeFi tools such as lending protocols or yield farming, ROSCA helps people who have never used blockchain to easily participate in a transparent savings - borrowing system, thereby expanding adoption for Cardano at the community, household, cooperative or small group level in developing countries.

• Programming ROSCA in the smart contract language on Cardano demonstrates the practical applicability of Cardano's financial infrastructure, while also motivating developers to explore Cardano's financial tools in the direction of "community finance", helping to diversify the dApps ecosystem that is currently biased towards high-tech products.

• ROSCA can become a template model for human-centric DeFi applications, helping Cardano affirm its mission of "blockchain for social good" in the era of sustainable finance.

• Increase transaction volume and total value locked in (TVL). The ROSCA model creates a regular and cyclical flow of transactions in the network, from periodic contributions from members to reverse auctions that distribute capital, contributing to increasing transaction volume and total value locked in (TVL) on the Cardano blockchain. This increase not only promotes liquidity and vitality for the ecosystem, but also increases transaction fees collected for the network, creating a sustainable source of revenue that helps improve long-term finances, supporting operating costs and developing Cardano infrastructure.

*Summary: ROSCA leverages blockchain to modernize a centuries-old financial model into a decentralized, secure, and accessible platform. Its implementation on Cardano not only expands real-world DeFi applications, but also aligns with Cardano’s mission of financial inclusion. By supporting this proposal, the community invests in a model that prioritizes sustainability, human-centered finance, and technical transparency.

[Your Project and Solution] Capabilities & Feasibility

What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

• Our team consists of young, dynamic, eager to learn developers with extensive experience in the fields of financial modeling as well as focusing on researching real-life models to apply to Cardano in particular as well as blockchain technology and Smart Contract applications in general. With the experience of operating real-life financial models, we have had objective views as well as general assessments through the process of operating these models. From there, we can exploit all the advantages and disadvantages of the difficulties, challenges and barriers. With a practical approach, our team has built and designed the idea for this proposed model to optimally exploit the advantages of real-life models as well as handle as thoroughly as possible the risk factors in financial models with the technological solutions that Cardano brings.

• Our development team consists of developers with a solid grasp of basic and advanced knowledge of blockchain technology, programming, AI data analysis, and a special focus on the Cardano ecosystem. With practical experience through the positions of vCR, Moderator, and many contributions to many funds from Catalyst before and now, we have a deep insight into the Cardano ecosystem as well as the blockchain generations that exist and develop in the market, from which we can build highly effective proposals for the community as well as bring real values to the Cardano ecosystem.

• With extensive skills and experience in operating business and financial models, combined with the ability to analyze, program, apply technology through practical experiences and in-depth assessments from experts who accompany us, this will be the basis for us to be able to commit to the capacity to implement this project.

• Along with that, to enhance the feasibility of the project and trust from the community, we will combine with strict plans and solutions throughout the project implementation process.

*** We will establish a financial monitoring, reporting and control system to ensure the accurate and efficient use of funds, demonstrated through the following methods:

* Project budget management solutions:

• Budget planning: We will develop a detailed budget plan, outlining the allocation of funds for each project milestone and activity. This plan will be shared with stakeholders for review and approval.

• Milestone confirmation: Based on the monthly milestone confirmation by the milestone reviewer, funds will be disbursed based on the achievement of pre-determined milestones and outcomes. The use of funds will be divided into specific stages, ensuring that cash flow is controlled effectively and flexibly.

• Transparent reporting: Periodic financial reports will be prepared and shared with stakeholders, providing clear information on the financial status of the project. These reports will include details of expenses, income and any deviations from the budget. The project team is committed to not spending on items not included in the approved plan, and will not include any additional expenses.

• Legal and compliance: We will comply with all legal requirements and regulations related to financial management, ensuring proper governance and compliance throughout the project.

• Risk calculation: The total project capital includes the calculation of the conversion value in the worst case of strong market fluctuations while still ensuring the completion of the proposal. Since the price of ADA can fluctuate during the project implementation period, if the price decreases, we will have a backup plan to cover the core costs to ensure the project implementation process is completed. If we have a spare budget due to the increase in ADA price, we will commit to adding some functions for the next phase such as in case of additional budget, the team commits to coordinate with technical experts in the Cardano community and Catalyst dev to externally audit the entire ROSCA model and develop more features for ROSCA such as: ROSCA Reputation System (participant reputation scoring system), Analytics Dashboard (Comprehensive spreadsheet for the platform), Localization (Multi-language support for ROSCA), Multi-Group Management (Support users to participate in multiple pools).

*Summary: Through strong governance, real-time reporting, and milestone-based disbursements, we are committed to not only technical innovation, but also high standards of financial transparency and social responsibility.

[Milestones] Project Milestones

Milestone Title

Research and Design the basic platform of the ROSCA system.

Milestone Outputs

• Research and design the basic diagram of the model.
• Sketch the system architecture and the model's workflow using the logic of the Smart Contract.
• Sketch the user interface integrating the Smart Contract.
• Sketch the workflow of all participating user roles.
• Analyze and sketch possible scenarios during the operation of the Smart Contract.
• Scalability and performance during operation.

Acceptance Criteria

• Basic system architecture.
• Smartcontracts integration system architecture.
• User interface (UI) Figma prototype.
• Model user flow.
• Model scenario documentation.
• Scalability and performance documentation.

Evidence of Completion

• A general model outline, the necessary tasks representing all the contract activity flows are designed with all the stakeholders.
• Detailed documentation of the model's scenarios, scalability and operational performance.

Delivery Month

2

Cost

12000

Progress

20 %

Milestone Title

Research participant roles to build user portraits.

Milestone Outputs

• Identify psychology, analyze actual needs and desires of users when participating in the ROSCA model (show the results by survey form based on 50 people).
• Build and design a wireframe system of roles of all participants when interacting with smart contracts.
• Build a flow of asset transfer processing between stakeholders.
• Build a flow of responsibilities and the process of returning assets to the contract between participant positions.
• Design wireframes of tasks and related actions that participants need to perform to interact with the smart contract.
• Build a flow of data processing and participant activities.

Acceptance Criteria

• Documents on user psychology and actual needs.
• Survey form based on 50 people with ROSCA needs.
• Completed diagram for all user roles when interacting with Smartcontract.
• Completed diagram of Smartcontract asset transfer flow with stakeholders.

Evidence of Completion

• User survey documentation.
• Completed ROSCA model wireframe with all the participant roles operating on the smart contract.

Delivery Month

2

Cost

19000

Progress

50 %

Milestone Title

Research real-world uses and risks of smart contracts, with solutions for each scenario.

Milestone Outputs

• Research the disadvantages of the real-life ROSCA model, distill and point out possible risk scenarios.
• Apply risk scenarios to smart contracts and resolve the scenarios in a specific, safe manner, ensuring transparency for participants while not causing financial risks for participants as well as the general structure of the smart contract.
• Design a blueprint to handle the overall flow of the contract as desired and not as desired.
• Design a blueprint to handle the risk of the contract for all parties involved when a user does not comply with the logic of the contract.

Acceptance Criteria

• Documentation on risk situation analysis.
• Completed flowchart for handling risk situations and disputes between users.
• Completed flowchart for the overall picture of the risk handling smart contract.

Evidence of Completion

• Completed the diagram and basic operating framework of ROSCA and risk handling plans when affected by unexpected participant factors, ensuring the overall structure of the contract as well as preventing financial risks for all participants.

Delivery Month

2

Cost

19000

Progress

80 %

Milestone Title

Completed security policy for users, contract integrity, and UX/UI design.

Milestone Outputs

• Conduct the process of reviewing, testing, auditing smart contracts, code audit for the entire contract through Lucid Test Suite or Marlowe Test Simulation and AI Data Analysis tools --> Launch Testnet.
• Security policy: Develop a comprehensive user data security policy, clearly stating the activities of data collection, storage and use.
• Ensure compliance with privacy and security procedures in handling user information.
• Design UX/UI for platform.

Acceptance Criteria

• Documents for reporting on testing and code audits for smart contracts.
• Testnet transaction hashes for contracts.
• GitHub repository links with source code, license, and commit history.
• Privacy policy documentation.
• Notes and user guides demonstrating how to simulate key contract flows on the testnet.
• UX/UI design prototypes for users.

Evidence of Completion

• Completed the ROSCA model operation process, detailed workflow of asset processing and transfer on the Smart Contract.
• Report detailed internal code audit results on Lucid or Marlowe and launch the contract on testnet (The entire project source code will be published on GitHub under the MIT license for the community to review, reference and contribute).
• Link to Github to interact with Smart Contract between all users in ROSCA.
• Completed the security policy for the ROSCA platform.
• Completed the UX/UI for the ROSCA platform.

Delivery Month

2

Cost

19000

Progress

100 %

[Final Pitch] Budget & Costs

Please provide a cost breakdown of the proposed work and resources

*Milestone 1: Research and design the basic platform of the ROSCA system (2 months)

-Research and design the ROSCA platform system (in basic form and Smart Contract integrated version).

-Develop preliminary sketches of the system architecture and the model's operation flow using Smart Contract logic.

-Analyze and outline specific operation flows for all participating users and possible scenarios during the operation of the Smart Contract.

*Details:

• 1 Project Manager: Cost 4,000ada (2 months)
• 1 System Analyst and Designer: Cost 4,000ada (2 months)
• 1 SmartContract In-depth Developer: Cost 4,000ada (2 months)

——Total: 12,000ada

——Estimate hours/person: ~320h

——Progress: 20%

*Milestone 2: Research participant roles to build user portraits (2 months)

-Conduct a survey and identify the psychology, analyze the actual needs and desires of users when participating in the ROSCA model (show the results by survey form based on 50 people).

-Build and design the wireframe system of the roles of all participants when interacting with the smart contract and the asset transfer process.

-Develop the user interaction flow and data processing flow.

-Completed structure of the entire ROSCA model combined with related tasks of all users.

*Details:

• 1 Project Manager: Cost 4,000ada (2 months)
• 1 System Analyst and Designer: Cost 4,000ada (2 months)
• 1 SmartContract Developer: Cost 4,000ada (2 months)
• 1 Back-end Programmer: Cost 3,500ada (2 months)
• 1 Front-end Programmer: Cost 3,500ada (2 months)

——Total: 19,000ada

——Estimate hours/person: ~320h

——Progress: 50%

*Milestone 3: Research real-life scenarios and solutions when applied to smart contracts and all possible risk scenarios on the contract (2 months)

-Results of analysis and evaluation of the advantages and disadvantages of the ROSCA model

-Analysis of real risk situations and solutions when applied to Smart Contracts

-Building and designing a risk handling system when operating the ROSCA model

-Completing the diagram and basic operating framework of ROSCA and risk handling options when affected by undesirable participant factors, ensuring the overall structure of the contract as well as preventing financial risks for all participants.

*Details:

• 1 Project Manager: Cost 4,000ada (2 months)
• 1 System Analyst and Designer: Cost 4,000ada (2 months)
• 1 SmartContract Developer: Cost 4,000ada (2 months)
• 1 Back-end Programmer: Cost 3,500ada (2 months)
• 1 Front-end Programmer: Cost 3,500ada (2 months)

——Total: 19,000ada

——Estimate hours/person: ~320h

—— Progress: 80%

*Milestone 4: Complete the security policy for the platform as well as users, the integrity of the contract structure and UI/UX design (2 months)

-Completed smart contract review, testing, and code audit for the entire contract using Lucid Test Suite or Marlowe Test Simulation and AI Data Analysis tools.

-Completed the ROSCA model operation process, auction, asset transfer process, user risk handling during operation.

-Proceed to launch the model on testnet.

-Completed a comprehensive user data security policy, clearly stating data collection, storage and usage activities.

-Completed UI/UX design for the platform on the ROSCA platform website.

*Details:

• 1 Project Manager: Cost 4,000ada (2 months)
• 1 System Analyst and Designer: Cost 4,000ada (2 months)
• 1 SmartContract In-depth Developer: Cost 4,000ada (2 months)
• 1 Back-end Programmer: Cost 3,500ada (2 months)
• 1 Front-end Programmer: Cost 3,500ada (2 months)

——Total: 19,000ada

——Estimate hours/person: ~320h

—— Progress: 100%

*Note:

• With the above cost, most of the activities are calculated based on working hours with the working hours of developers 8 hours/day, 5 days/week excluding Saturday and Sunday to ensure the progress of completion for each stage of the project.

*Total budget in ADA: 69,000 ADA.

[Final Pitch] Value for Money

How does the cost of the project represent value for the Cardano ecosystem?

• The human resource cost for this project is calculated based on the average salary in Vietnam and has been reviewed and approved by experts to ensure its suitability for the project. Information about the average salary of Vietnamese programmers will fluctuate between $2000-$3000, the salary payment for programmers in this project is considered a reasonable and highly competitive cost, promoting the spirit of construction and responsibility in the use of Catalyst's capital. The total expected hours of all members working continuously for 8 months is ~6000 hours and together with the total required capital of only 69000ADA, the estimated average cost rate is only ~12ADA/hour of work. This is a very competitive cost figure in the builder and developer environment in our country, which promotes awareness and responsibility in using Cardano's reserves.
• The budget includes the funds allocated for personnel, platform development and hiring experienced experts to deliver high-quality results.
• The value of the project's currency is demonstrated through the following contents: building a healthy foundation for Cardano's Defi application store, demonstrating the depth of real-life financial models when applying blockchain technology, smart contracts, thereby breaking down the barriers of real-life financial models as well as contributing to Cardano's practical application cases in life. From here, it is possible to contribute to the Cardano ecosystem a more flexible, safe, and transparent model in addition to current models such as borrowing and lending. Thereby creating a more vibrant ecosystem for the group of users with DeFi needs in particular as well as the large Cardano community in general (in terms of practical indicators such as: transaction volume, user, TVL, fee, .. ---> the source of life of Cardano's goals).
• This project not only benefits Cardano but also has the potential to attract hundreds of millions of users with Defi needs on the Cardano ecosystem. This could increase the demand for ADA, adding value and stability to the coin.
• Since the price of ADA can fluctuate throughout the project, if the price drops, we will have a backup capital plan supported by other organizations to ensure safety during project implementation. And in the opposite case, if the value of ADA exceeds the initial estimate, we will consider this as a source of reinvestment capital for the project to be able to establish and add some functions to the project in the next phase such as: Test external code audit, ROSCA Reputation System, Analytics Dashboard, Localization, Mutil-Group Management.
• CHART FOR COMPLETION PROGRESS ROSCA's:

[Required Acknowledgements] Consent & Confirmation

Terms and Conditions:

Yes