Sargo.io: Buy, Sell, and Earn from Just $0.5 with Any Wallet

Imagine 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.

Problem Statement

Current 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.

Solution: Sargo.io

• Low-Cost Micro-Swaps: Swap stablecoins from just $0.5 with a minimal 2% fee, making recurring transactions affordable.
• Accessibility: Swap directly from the wallets you already use and trust, like MetaMask and M-Pesa, making P2P swaps accessible from any wallet.
• 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.
• 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.

Benefits to the Celo Ecosystem

• Growth of Users: Sargo’s micro-swaps and wallet integration can onboard new underbanked populations, significantly increasing the number of Celo ecosystem users.
• Growth of Savings: By incentivizing merchants to keep funds in their wallets, Sargo boosts liquidity and value within the Celo blockchain.
• Growth of Transactions: With a target of 1 million swaps annually, Sargo will drive significant transaction activity on the Celo blockchain.
• Growth of Wallets: Sargo promotes the use of Celo-compatible wallets through integration and referral incentives, expanding the wallet ecosystem and enhancing user engagement.

Competition

Sargo is the only non-custodial P2P dapp that seamlessly aggregates liquidity and users across both Web2 and Web3 wallets.

Milestones

• 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.
• 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.
• 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.

Funding

• Grants

Conclusion

Sargo 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.