mutual-debt new change, create a miracle

Hello friends all over the world, do you have any debts? Do you want your family to have a good life? If you live a stressful day where your heart beats faster every time the phone rings, this video can teach you how to pay off all kinds of debts. I am Charles, the inventor of mutual-debt smart contracts. A crowdfunding mutual aid system developed by a number of mathematical engineers and software developers, Mutual-debt adopts the non-tamperable underlying technology of the blockchain, develops and automatically executes transfers with the special language solidity for smart contract development, and users do not need real-name registration. There is no background and no real data of the debtor is saved. All transfer records are recorded on the blockchain. The decentralized autonomous organization (DAO) and the web-side decentralized application (dApp) form a safe and automatic execution. Trustworthy participants can help each other and clean up together. Debt, mutual-debt provides solutions for global debtors, fully automatic and intelligent help debtors, everyone can use this tool to initiate debt crowdfunding mutual assistance, crowdfunding money does not need to be repaid, received crowdfunding funds Please repay the debt as soon as possible. So whether you owe credit card, mortgage, car loan, online loan, private loan or other various loans, you can repay the debt through the mutual-deb crowdfunding contract. This is the charm of mutual-deb. Mutual-debt is a fair and just crowdfunding debt repayment contract system. As long as you participate in the Mutual-debt smart contract project, you can realize your dream of repaying all debts. It is specially designed to bring a ray of warmth to family and friends who are in debt around the world. Sunlight.

mutual-debt is committed to establishing a legally compliant, safe, free, autonomous, efficient, transparent, fair, and open debt support ecosystem platform on a global scale, and will build a global real economy and online virtual world in the future. The bridge of the economy, providing wealth redemption opportunities for global debt users.

The transaction system of mutual-debt adopts distributed parallel technology, which can be expanded at any time as the transaction volume increases. The specific operation is that the front end introduces traffic through load balancing, splits the load balancing according to different businesses, and calls different load balancing. At the same time, the traffic entrance can be dynamically configured. When a load balancer cannot bear the traffic pressure, the subsequent traffic will be transferred to other load balancers to achieve dynamic expansion. Gateway clusters and business clusters built through cloud servers can achieve parallel expansion and thermal expansion.

mutual-debt adopts an advanced multi-level system structure of network, application, host and data. The network layer prevents DDoS attacks, the application layer provides basic protection, the host layer can effectively prevent violent cracking, and the data layer provides encryption services. In this way, the operating experience and property safety of end users are guaranteed. The traffic entrance achieves stability through load balancing; the gateway layer monitors multiple groups of machines through load balancing and self-monitoring. When there is a business release, it monitors scripts through load balancing to achieve traffic hot migration.

The business layer is modularized through services, and when the pressure of business volume increases, dynamic addition can be used to achieve high stability. The design of multi-layer architecture greatly improves the performance, security, stability and scalability of the system. Function deployment and version update can be performed without downtime, ensuring the operating experience of end users to the greatest extent.


The front-end of the mutual-debt platform currently supports English, Portuguese, Spanish, Vietnamese, Thai, Korean, and traditional Chinese, and is fully internationalized, striving to focus on the vision of building the most trustworthy global debt relief platform.

DAO is the abbreviation of Decentralized autonomous organization. It is an organizational form derived from the core concept of blockchain (co-creation, co-construction, co-governance, and shared collaborative behavior spontaneously generated by groups that have reached the same consensus). It is a subsidiary product after the blockchain solves the problem of trust between people.

DAO has the characteristics of full openness, autonomous interaction, decentralized control, complexity and variety, and emergence. Different from traditional organizational phenomena, DAO is not limited by the space of the real physical world. Its evolution process is driven by events or goals. It is rapidly formed, spread and highly interactive, and will automatically dissolve when the goal disappears.

There is no central node and hierarchical management structure in the mutual-debt platform. It achieves organizational goals through interaction, competition and collaboration between bottom-up network nodes. Therefore, business transactions between mutual-debt nodes and between nodes and organizations are no longer determined by administrative affiliation, but follow the principles of equality, voluntariness, reciprocity, and mutual benefit, and are determined by each other’s resource endowments, complementary advantages, and Driven by win-win interests. Each organization node will cooperate effectively under the incentive mechanism of the certificate according to its own resource advantages and talents, thus generating a strong synergy effect.

In an ideal DAO, management is coded, procedural and automated. “Code is law”, organizations are no longer pyramids but distributed, power is no longer centralized but decentralized, management is no longer bureaucratic but community self-government, and organizational operations no longer require companies but are run by Highly self-governing communities are replaced. In addition, mutual-debt operates under the operating standards and collaboration mode jointly determined by stakeholders, and it is easier to reach consensus and trust within the organization, which can minimize the organization’s trust costs, communication costs, and transaction costs.

Relying on smart contracts, the operating rules in DAO, the responsibilities and rights of mutual-debt participants, and the reward and punishment mechanism are all open and transparent. In addition, through a series of efficient self-government principles, the rights and interests of relevant participants are precisely differentiated and dimensionally reduced, that is, to match the corresponding rights and benefits to those individuals who work, make contributions, and assume responsibilities, so as to promote industrial division of labor and rights, Responsibility and equal interests make the organization more coordinated and orderly.

To deeply understand mutual-debt’s DAO governance model, you need to understand the technology behind it. Most DAOs rely on blockchain technology and smart contracts, which are collections of code that run on the blockchain.

In traditional organizations, there is usually a hierarchy: a formal board of directors, executives or upper management decides on the structure and has the authority to make changes. While DAOs are decentralized, meaning they are not governed by individuals or entities, the rules and governance of each DAO are encoded in smart contracts on the blockchain and cannot be changed unless voted on by DAO members. Members of each DAO can collectively vote on decisions, rather than a minority having a majority say, usually on an equal basis.

For the mutual-debt platform, in the process of DAO governance, the blockchain can act as the backbone, maintain the structure and rules on each chain, and have three basic elements:

Have organizational goals and organizational culture that can reach consensus with strangers;

Have a rule system that can reach a consensus with strangers, including the creation of governance, incentives, etc., and this rule is deployed on the chain through blockchain technology;

There is a support system that can form an interest relationship with the participants to realize the motivation of all employees.

Partner institution Pictet Capital

Pictet Capital in Switzerland is an important cooperative institution of the mutual-debt debt relief system platform. The early front-end construction costs and technical team research costs of mutual-debt are all funded by Pictet Capital. As the world’s top wealth management institution, Pictet Capital’s early funding is precisely because Optimistic about the operation mode and future development of mutual-debt.

We must know that among all users who solve their debt dilemma through mutual-debt, there must be a group of high-quality users who will realize wealth freedom, and these users will naturally become qualified customers of Pictet Capital for wealth management.

As one of the leading independent wealth and asset managers, Pictet Capital has 30 offices around the world and has been deeply involved in Asia for 40 years. Wealth management is the core business of Pictet Capital – we protect the interests of our clients, build trusting relationships with them, and protect, grow and manage their wealth.

Pictet Capital has always been committed to helping clients build great businesses, shape ideal lives, and create legacy wealth. Regardless of war, political turmoil and economic crisis, Pictet Capital always abides by financial stability and high credit rating, implements successful investment and wealth management, and fulfills its commitment to customers.

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