Sargo
{"type": "project", "title": "Sargo", "logoImg": "bafkreigtwjnckyqvsn2bxs3xfsbj2dh3feqsqdntrxzamfxve4cqxq3kyu", "website": "https://sargo.io", "bannerImg": "bafkreig27fmyis7z4ps2opvl5qmjr72kdnx5omhlutanfm3f2w772sihka", "createdAt": 1723208117737, "userGithub": "dmutinda", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..LbTj4dTdAhJTYBuzGeVkgZfyDwEqkTcpk3sbTZ_1Wx-zdzHboQ_zzvCezAQ_YDNOejbKDGH_6Iyn86iIaIiWDQ", "type": "Ed25519Signature2018", "created": "2024-08-09T12:54:17.439Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-08-09T12:54:17.439Z", "expirationDate": "2024-11-07T12:54:17.439Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x89954a259Aa36280010139e6F8FB0E01997B4A7C", "hash": "v0.0.0:LutxABr3+EeXamtfliajNwPzMmmk/ghyoUC0ed4FWTM=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#sargo-io#63787845"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..CEbpvfKvw5sAssdC95F_tomt9HzBOmwMf400M4SzBwLXpZ6ytjrijvXN0GxlYnKDJYwIMudAK8ar8Q0tL7jNBQ", "type": "Ed25519Signature2018", "created": "2024-08-09T12:28:50.451Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-08-09T12:28:50.451Z", "expirationDate": "2024-11-07T12:28:50.451Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x89954a259Aa36280010139e6F8FB0E01997B4A7C", "hash": "v0.0.0:Jxjeg0+2sFPiBDzQNszCbqb6jvsQLLaSlJLokwbX1uQ=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#SargoSwap"}}}, "description": "# Sargo.io: Buy, Sell, and Earn from Just $0.5 with Any Wallet\n\nImagine a platform where you can earn, buy, and sell for as little as $0.5, all with the convenience and security of your favourite wallets. Welcome to Sargo.\n\n![Sargo Overview](https://drive.google.com/uc?export=view&id=1coHt9J5T-JA8qv2HTWmQRyjWZ15uydlM)\n\n## Problem Statement\n\nCurrent stablecoin on/off ramps have high barriers to entry, with platforms like MoonPay requiring a $30 minimum and charging up to 25% fees for small swaps. Many also lack the liquidity to become agents on major platforms like Binance, preventing them from earning income through swaps.\n\n## Solution: Sargo.io\n\n- **Low-Cost Micro-Swaps**: Swap stablecoins from just $0.5 with a minimal 2% fee, making recurring transactions affordable.\n- **Accessibility**: Swap directly from the wallets you already use and trust, like MetaMask and M-Pesa, making P2P swaps accessible from any wallet.\n- **Scalability**: Sargo aggregates liquidity across thousands of non-custodial wallets, ensuring seamless and efficient swaps while minimising risk by allowing users to keep their funds in their wallets as long as possible.\n- **Income**: Empower merchants to earn on every swap they facilitate, creating income opportunities starting from just $0.5, with earnings deposited back into their wallets after each swap.\n\n![Sargo Flow](https://drive.google.com/uc?export=view&id=1jxpK3Fp2STC-aIx8K-vfQrj2Iuh-ESCr)\n\n## Benefits to the Celo Ecosystem\n\n- **Growth of Users**: Sargo’s micro-swaps and wallet integration can onboard new underbanked populations, significantly increasing the number of Celo ecosystem users.\n- **Growth of Savings**: By incentivizing merchants to keep funds in their wallets, Sargo boosts liquidity and value within the Celo blockchain.\n- **Growth of Transactions**: With a target of 1 million swaps annually, Sargo will drive significant transaction activity on the Celo blockchain.\n- **Growth of Wallets**: Sargo promotes the use of Celo-compatible wallets through integration and referral incentives, expanding the wallet ecosystem and enhancing user engagement.\n\n## Competition\n\nSargo is the only non-custodial P2P dapp that seamlessly aggregates liquidity and users across both Web2 and Web3 wallets.\n\n![Sargo Competition](https://drive.google.com/uc?export=view&id=1t24W9EF0-NVjjb7svTVLJOk98rwUr8xi)\n\n## Milestones\n\n- **Q4 2024**: Expand market presence in Kenya. Engage 5,000 Impact Market users to test liquidity and responsiveness. Prepare for MiniPay integration with a focus on product, liquidity, and incentives for low-income users.\n- **Q1 2025**: Support more wallets, such as Opera MiniPay, I&M Bank, and Equity Bank. Establish liquidity to handle 1,000 sub 5-minute swaps. Scale to 10,000 swaps using marketing, swap, and speed incentives. Design V2 to automate aggregation, matching, and incentives to make Sargo as easy as MoonPay.\n- **Q2 2025**: Expand supported payments, tokens, and currencies. Grow the user base by expanding to new markets like Nigeria. Improve revenue of existing users via more pairs, features, and partnerships.\n\n## Funding\n\n- **Grants**\n\n## Conclusion\n\nSargo addresses a critical problem: the prohibitively expensive and inaccessible nature of current stablecoin on/off ramps for smaller swaps. Support us in bringing financial access and opportunities to more underserved communities across Kenya and beyond, starting from just $0.5. Let’s make a real impact on those who need decentralised finance the most.\n", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "sargo-io", "projectTwitter": "SargoSwap"}