Owo is building Nigeria's circular G$ economy: a spend rail and peer-to-peer marketplace that lets GoodDollar claimers actually use their G$ to buy airtime, data, and electricity, pay local merchants, or trade with peers for Naira without G$ ever leaving the ecosystem.
Today hundreds of thousands of Nigerians claim G$ daily but have almost nowhere to spend it, so the token sits idle and its utility stalls.
Owo closes that gap with two connected surfaces:
Spend: Users top up airtime, data, and electricity and pay participating merchants directly in G.MerchantssettleinG. Merchants settle in G
.MerchantssettleinG and recirculate it. The headline action is spendability, not exit.
P2P exchange (liquidity layer). When someone does want Naira, our on-chain escrow matches their G$ with a buyer paying Naira to acquire G$ to spend on the rail. G$ rotates: earner → buyer → merchant → next buyer. Naira moves between people; G$ stays inside the ecosystem. Net G$ outflow trends toward zero. Owo is an internal circulation layer, not an off-ramp.
Every trade and payout is gated by the GoodDollar Identity SDK, giving us Sybil resistance and per-human fairness limits, the abuse layer that makes peer-to-peer settlement safe. Engagement Rewards seed first-spend and referral bonuses to bootstrap both sides of the market.
To turn idle UBI into a working local economy making G$ a currency Nigerians can actually spend, earn, and keep circulating in everyday life.
Hundreds of thousands of Nigerians claim GoodDollar (G) universal basic income everyday but almost no where lets them use it. So the money sits idle: claimers can′t spend it on what they actually need, local merchants don′t accept it, and the few cash out options leak (G) universal basic income every day but almost now here lets them use it. So the money sits idle: claimers can't spend it on what they actually need, local merchants don't accept it, and the few cash-out options leak G.
Owo is a circular G$ economy for Nigeria. We make G$ spendable on everyday essentials airtime, data, electricity, and local merchant payments backed by a peer-to-peer G↔Naira marketplace for when some one genuinely needs cash. The design keeps G↔Naira marketplace for when someone genuinely needs cash. circulating instead of leaking out: the same G$ rotates from earner to buyer to merchant and back, so net outflow trends to zero. Every trade is gated by GoodDollar's identity layer for Sybil resistance, onboarding is gasless (no gas token needed), and the whole experience is built mobile-first for low-end Android and MiniPay meeting users where they already are.
Transaction fees on G$ spend (airtime, data, electricity, merchant payments) and a small fee on peer-to-peer G↔Nairatrades, taken in G. A treasury provides liquidity and earns the spread as market-maker of last resort.
Want to grow through just grant funding
Africa,Nigeria
$0 raised.
