Sync!

Subscribed partners on Sync! have an option to convert fiat funds into selected celo and contribute the funds into a common pool in exchange for a proportional percentage of the voting bloc. The common pool would reside in a contract and some percentage of the pool, like 30%-40% will be plugged into a defi protocol to generate some interest. When fellow partners in need of funds submit a bid to access part of the celo for a project, partners who have contributed to the pool vote to accept or decline a bid; their voting power will reflect the percentage of the voting bloc they have. At the end of each voting period, celos are transferred to the partners who have received the highest number of votes to fund projects on Sync!. Typically, there is an ecosystem of exchange values established on the network which is partner to partner lending through a pool. In addition to being used to hold pooled funds, payments on Sync! can be transacted using Celos. This will include payments for subscriptions, payments from partners to members at the end of a project etc. This would be highly incentivized to encourage enough users to adopt this form of payment until it is the default mode. Overall, the aim is to hold, pool and use (or exchange) Celos. We would also be utilizing the Celo Block Chain. The voting on proposals earlier mentioned would be controlled by smart contracts.