WeTrust’s First Product is Live on the Mainnet

Introducing ROSCAs on the WeTrust platform

After months of hard work, we are pleased to announce we have launched an MVP of our first product offering, ROSCAs (Trusted Lending Circles), on the Ethereum mainnet.

ROSCAs or Rotating Savings and Credit Associations, are arrangements between trusted parties to pool together and distribute funds amongst one another, acting as a form of low-interest credit or insurance for all participating members. Rather than trying to reinvent the wheel, we have taken a $500B market/product that has been in existence for thousands of years and merged it with the power and efficiency of the Ethereum blockchain. Our platform provides a user-friendly interface for creating and managing ROSCAs via smart contracts. Let’s take a look at how it works below.

All that you need to get started is an Ethereum wallet and a web3 enabled browser. The quickest way to get both of these is by installing the MetaMask extension in Google Chrome. Alternatively, you can download and run the Mist browser to try our platform.

While we are proud of this release, we have a long way to go until anywhere near a final product. For a glimpse of what we have in store, take a look at our current roadmap here.

We hope you enjoy what we have built thus far and would appreciate any feedback or suggestions you have for us as we grow. Please feel free to join us on Slack and let us know how we can improve!