The Akiba Savings is a financial platform built on the Near Protocol, utilizing Non-Fungible Tokens (NFTs) to encourage and facilitate disciplined saving practices. This documentation provides an extensive overview of the project, its functionalities, and the benefits it offers to users.
- Introduction
- Key Features
- Getting Started
- How It Works
- Revenue Model
- User Support
- Future Enhancements
The Akiba Savings reimagines conventional saving methods by integrating them into a Near Protocol-based blockchain system. It empowers users to convert their savings into digital tokens, representing their commitment towards achieving their financial goals. These tokens can be redeemed upon successfully completing their savings plan.
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NFT-Powered Savings: Users deposit funds into the platform, receiving NFT tokens that symbolize their dedication to their savings objective. These NFTs are distinct and non-transferable, preventing them from being traded on external markets.
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Scheduled Savings: Users can establish scheduled savings plans, specifying deposit amounts and frequencies. The platform incentivizes adherence to these plans by imposing penalties for early withdrawals.
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Penalty and Reward Mechanism: Users withdrawing before the scheduled end date face small penalties. Collected penalties from such instances are redistributed among users who fulfill their savings plans.
Users create an account and set up a digital wallet within the Akiba Savings .
Users deposit funds into their designated wallet.
Users can either set up scheduled plans or save at their own pace, receiving NFTs representing their commitment to savings.
Early withdrawals incur penalties, benefiting committed savers through redistribution.
Upon completion of the savings plan, users can exchange their NFTs for the saved amount, deducting any incurred penalties.
Future updates may encompass enriched features, heightened security measures, and an expanded array of investment opportunities.