BOLD X Finance

BOLD Gamified Finance (GAME-Fi) :

The idea is to make investing and saving simpler and accessible to everyone. This vertical would make the process of investing simpler. The first step toward this ambitious goal, is to build an app to help people save and invest in alternative assets and circumventing the Trad Fi. Investing chump changes to build a habit of investing.

The whole goal of this vertical is to make investing and saving easier to understand and accessible for everyone. We are creating a gamified saving app - SIPTO, which would help you make savings and investing simpler, by creating a habit for the user through gamifying the whole process.

Gamified Savings

One such activity within the app would be helping the user autosave chump changes of his nearest spends in to a basket of Bluechip Crypto. Building trust into investing with various alternative investments and giving the user exposure to these alternative assets without significant risk allocation & utilising dollar cost averaging for their bold investments.

Gamified Financing

This concept is inspired from the south Indian household's access to capital - Chit funds.

We are creating a peer to peer lending corpus mechanism, in which a group of people - ideally 20 people each fund corpus, comes together and pays a monthly payment - depending on the corpus size, let's say for eg : For a corpus $100,000 assuming the fund would have a tenure of 10 months. Each person would pay $5,000 on a monthly basis. And the bid for the corpus would happen on a monthly basis. Depending on the gamified bidding mechanism - who ever bids the highest interest rate would win the access to the capital for that month. The interest rate would be capped depending on the demand and bid rates from the 20 members of the fund. The beneficiaries of the higher interest would also be the fund members. By doing this, we are distributing Net Interest Income from the corpus across the corpus members. In order to remove the default risk, we will have the bid winner looking to release the capital, back the loan with a collateral - either with a Blue Chip Crypto at descent leverage or JPEG'd . Each corpus would be managed by a smart contract.

BOLD MOVE : BOLD Finance Launch

Launch the savings & investing app and take the first step towards onboarding the next set of users and not just Crypto Degens's.