Everyone pays in.One takes it home.Nobody runs off.

It's called a committee in Pakistan.

Friends and family each pay in every month, and one of them takes the whole pot, until everyone has had a turn. Passpot runs it on NEAR: the money sits in a vault nobody controls, and if someone stops paying, the circle keeps going.

Try a demo circleStart your own

The demo needs no wallet. Every step is a real transaction on NEAR testnet.

Khan family committee: Round 2 of 5Received the pot in round 11AyeshaBilalSaraOmarHina250 tUSD
Round 2 of 5
Closes in 12d 0h

Round 2. Everyone pays 50 tUSD into the vault.

…
Circles created
…
Members
…
Paid out (tUSD)
0
Run off with the money

Read live from the Passpot contract on NEAR testnet.

Circles run on trust. Until someone leaves with the money.

The old way

Khan family committee — 50 a month

  • Jan: Ayesha ✓  Bilal ✓  Sara ✓  Omar ✓
  • Feb: Ayesha ✓  Bilal ✓  Sara ✓  Omar ✓
  • Mar: Ayesha ✓  Bilal ✗  Sara ✓  Omar ✓
  • Apr: organizer holding 600, not answering calls

The cash sits with one person, and the record is a notebook.

With Passpot

  • The cash sits in a vault, not a pocketEach circle gets its own Sputnik DAO. Nobody, including the organizer, can take money out.
  • Payouts follow the rulesAn on-chain draw, the agreed order or a bid decides who gets the pot. Anyone can re-check it.
  • A missed payment doesn't sink the circleEarly winners leave part of the pot behind as cover, and every member locks a deposit.
  • The record is on-chainWho paid, who missed and who got paid lives on NEAR, not in a notebook anyone can lose.

How a round works

  1. Everyone pays in

    Each member pays the same amount — say 50 tUSD — straight into the circle's vault. The register shows who has paid.

  2. Anyone closes the round

    When everyone has paid, or the round's time is up, anyone can close it. Missed payments are covered from that member's holdback and deposit.

  3. One member gets the pot

    An on-chain lucky draw, the agreed order, or the best discount bid picks who gets it. Nobody can rig it, and everyone can re-check it.

Pay on time, and Passpot trusts you more.

When you get the pot before you've finished paying in, part of it is held back as cover for the payments you still owe. How much depends on your savings record, which lives on-chain and follows you from circle to circle.

  1. Level 1

    New member

    50% paid to you now50% held

    Half of an early pot waits until your remaining payments are in. It comes back to you round by round as you pay.

  2. Level 2

    One clean circle

    75% paid to you now25% held

    Finish a circle without missing a payment and only a quarter is held back next time.

  3. Level 3

    Three clean circles

    100% paid to you now

    You get the whole pot the moment it's yours. Your record is the guarantee.

Miss a payment and the held money covers it, the circle carries on, and your next circle starts back at level 1.

Nobody holds the cash. Not even the organizer.

Each circle gets its own Sputnik DAO. Payments go straight in, and money only leaves through the DAO's own Transfer proposals — filed and approved by the circle's rules, because the rules are the DAO's only council member.

Every circle has a Verify page that re-checks the vault, every payout and every draw in your browser, straight from the chain.

Try a demo circleSee circles and verify one

FAQ (Frequently asked questions)

The things people ask before they join their first circle.

What is a savings circle?

A group of people who each pay the same amount every month. Each month one of them takes the whole pot, until everyone has had a turn. Nobody pays interest, and nobody needs a bank. It's called a committee, susu, tanda, chama or hui, depending on where you're from.

Can the organizer run off with the money?

No. The money never sits with a person. Each circle has its own Sputnik DAO vault on NEAR, and money only leaves it to the member the rules pick. The organizer has no more power over the money than anyone else.

What if someone stops paying?

Every member locks a deposit when they join, and members who get the pot early have part of it held back. A missed payment is covered from those, so the rest of the circle still gets paid in full. The miss is also recorded on that member's savings record.

How is the lucky draw fair?

The winner is picked by the contract from NEAR's on-chain randomness, among members who haven't had the pot yet. Nobody, including us, can choose the result. Every circle's Verify page re-runs each draw in your browser so you can check it yourself.

Do I need crypto to try it?

No. The demo circle needs no wallet: you act as three ready-made members and every step is a real transaction on NEAR testnet. To start or join your own circle, you need a free NEAR testnet account.

Is this real money?

Not yet. Passpot runs on NEAR testnet with tUSD, a test dollar with no value that you can get for free. The same contract can run with real stablecoins like USDC on NEAR mainnet.

Does Passpot take a cut?

No. There's no fee in the contract. The only costs are NEAR's network fees, which are fractions of a cent, and a one-time storage deposit for the circle's DAO.

Where is my profile kept?

On NEAR Social, the profile store NEAR apps share, under your own account. Your savings record is kept by the Passpot contract. Neither sits on our servers, and nobody can edit your record.