Chit funds on MST BlockchainTestnet
Chit funds, rebuilt on-chain.
Save together. Bid when you need it. Let smart contracts handle the pot.
How money moves through a chit
Circles live
MST in contracts
temporarily unavailable
On-chain transactions
temporarily unavailable
Members in live circles
temporarily unavailable
How it works
- 01Join
Lock collateral sized by your risk tier. It sits in the contract.
- 02Contribute
Pay the fixed amount each round while contributions are open.
- 03Bid
Say the lowest payout you'd accept. The lowest accepted payout wins.
- 04Settle
Anyone can settle after bidding closes. The discount becomes dividends.
Why blockchain?
Traditional chit
Money flows through the organizer
- Who holds the pot: The organizer's own wallet or bank account
- Who can move funds: The organizer, at any time
- Missed contributions: Chased by hand, often hidden
- Auction and settlement: Decided in the room, trust the minutes
ChitChain
Money flows through a smart contract
- Who holds the pot: A smart contract on MST Testnet
- Who can move funds: Nobody. Payouts are pull-only and rule-bound
- Missed contributions: Covered from locked collateral, recorded on-chain
- Auction and settlement: Lowest payout wins, settled by code, verifiable on MSTScan
Built for transparency
One contract holds every token
Every contribution, bid, payout and penalty is a transaction you can open on MSTScan. No role on the website can move a member's money.
- Contract
- 0xFBA432E34E70d6069677d80944A9eEf83376CA98
- Network
- MST Testnet
Unaudited testnet contract
Who does what
- Member
Joins, contributes, bids and withdraws.
- Circle organizer
Names the circle, invites members, reads analytics.
- Platform admin
Manages users, audit log, support and health.
- Smart contract
Controls the funds. No role can move a member's money. Payouts are pull-only.