Save, Lock & Make Money with KWITOC Crypto Thrift and Lock


Yea‼ We all understand how difficult it is to save up towards a goal, especially in this current dispensation where we are faced with a lot of societal and family obligations.

One might even take the effort to set aside some funds for future use, but the moment an unexpected need comes up, one will be forced to tap into the fund, especially when there's an absolute control over the funds.

It's even more painful when you're saving for important bills like house rents, debts, even family trips and all of a sudden you find yourself in a situation where you don't have any option but to use the fund for another purpose.

So, here at KWITOC we came up with a CRYPTO FUND LOCK SYSTEM

The KWITOC THRIFT & LOCK program is designed in such a way that you won't be able to access your funds for a set period of time (except during extreme emergencies)

The program works like the conventional thrift (ESUSU/AJO) system, but strictly with Crypto. 


Although non-crypto users can also participate with Naira. We will convert their funds to Crypto on their behalf and also allow them to withdraw in Naira.


You can decide to save on a daily, weekly or monthly basis (no penalties for skipped contribution). The system will take note of every unit of crypto you send and this will be aggregated at the end of each month.

Since it's a Crypto program, the system will be transparent and every stakeholder will have access to how funds are being transacted within the dedicated WALLET ADDRESSES. 

Funds will not be invested in any scheme, but of course will be subjected to the usual volatility (increment & decrement) associated with crypto assets, except for stable coins like USDT and BUSD.

What this implies is that KWITOC will only be authorized to withdraw when a user indicates interest to withdraw and other users will be aware of the withdrawal, so any unauthorized withdrawal from the pool will be detected by all users. 


The program is being spearheaded by me, the convener, but we have trusted partners that will also be in custody of the pool, in case of any un-forseen incidents. But the bottom-line is all users' funds are safe with us.

And not just that we are also kicking off the program with a base fund of $1000 (in Cryptocurrency and Fiat). This is to assure all users that their funds are not only secured, but will also serve as a capital base to buttress the locked pool.

We will however charge a monthly custodian fee from as little as 1% or base N400 (for savings less than N50,000) of the locked fund, which is quite negligible when compared to savings accrued within the month.

This system offers an opportunity for users to lock their funds in a trusted pool and to be able to achieve their goals on both short and long run.

We are also making provision for users to be able to earn when they refer others to lock their funds. Users will have a share in the commission we charge on the locked funds of the person they refer.

The system accepts all major Crypto assets ranging from BTC, ETH, USDT, BUSD, DOGE, SHIBA, BSC (Special provisions will however be made for users with special tokens)

This is even an opportunity for you to start saving in dollars with Crypto. This helps to guard your money against local inflation. It's no news that the Naira is not stable so when you save in dollars you get more Naira on the long run if Naira continues to fall. 

For instance someone that saved $1000 when Naira was trading at N500/$, now has a profit of N230,000 without lifting a pen because Naira is currently trading for N730/$. This is just one of the benefits you get when you save and lock with KWITOC


It is however important for Naira users to understand that their funds will be converted to crypto at the best current dollar market rate. Withdrawals back to Naira will also be processed at the best current dollar market rate.

 Launching January 1st, 2023. 



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