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Syklo
Syklo is a peer-to-peer (P2P) platform built on the Stellar blockchain that allows users to buy and sell dollars, send remittances, and recharge cards. It targets individuals seeking a non-custodial, censorship-resistant way to exchange USD/USDC directly with other people.
Distributed
Description
Syklo offers a non-custodial, peer-to-peer service for buying and selling dollars, sending remittances, and recharging cards, starting from as little as $1. Transactions are conducted in a decentralized manner on the Stellar blockchain, using an open, censorship-resistant 'Air-Protocol' for fund exchange. The platform relies on blockchain-based escrows to hold funds during negotiation and smart contracts on Stellar to back transfers, ensuring users retain full control of their money. Syklo primarily serves individuals looking to earn extra income by buying and selling USDC to help others send money to their families, as well as users who can refer others and earn a percentage of referral fees.Grant Funding
VC Funding
XLM
$25K
$0