Hello friends all over the world, are you in debt? Do you want your family to be well? If you have 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’m Charles, the inventor of smart contracts for mutual debt. Mutual-Debt is a mutual crowdfunding support system developed by a group of math engineers and software developers. Mutual-Debt adopts the tamper-proof underlying technology of the blockchain, automatically develops and executes remittances with the special language robustness for smart contract development that users do not require real name registration. There is no background and no real data of the debtor is stored. All transmission records are recorded on the blockchain. The decentralized autonomous organization (DAO) and the web-side decentralized application (dApp) form a secure and automatic execution. Trusting participants can help each other and clean up together. Debt, Mutual Debt provides solutions for global debtors, fully automated and intelligent debtor help, anyone can use this tool to initiate mutual debt crowdfunding help, crowdfunding funds do not need to be repaid, crowdfunding funds received please pay the Debt back as soon as possible. Whether you owe a credit card, mortgage, car loan, online loan, personal loan or other various loans, you can repay the debt through the mutual crowdfunding deal. That’s the charm of Mutual-Deb. Mutual Debt is a fair and equitable crowdfunding debt repayment agreement system. As long as you participate in the Mutual-Debt Smart Contract project, you can achieve 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 compliant, secure, 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 repayment opportunities for global debt users.

The mutual debt transaction system 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 the traffic by load balancing, splitting the load balancer according to different companies and calling different load balancers. At the same time, the traffic entrance can be configured dynamically. When a load balancer cannot bear the traffic pressure, the subsequent traffic is switched to other load balancers to achieve dynamic expansion. Gateway clusters and business clusters built over cloud servers can achieve parallel expansion and thermal expansion.

Mutual Debt uses an advanced multi-tier 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 the property safety of the end users are guaranteed. Traffic input achieves stability through load balancing; The gateway layer monitors multiple groups of machines through load balancing and self-monitoring. If there is a business release, it monitors scripts through load balancing to achieve high-traffic migration.

The business layer is modularized by services, and when the pressure of business volume increases, high stability can be achieved through dynamic addition. The design of the multi-layer architecture greatly improves the performance, security, stability and scalability of the system. Feature deployment and version upgrade can be performed without downtime, ensuring the end users’ operational experience to the highest degree.


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

DAO is the abbreviation for Decentralized Autonomous Organization. It is a form of organization 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 by-product after the blockchain solved the trust problem between people.

DAO is characterized by full openness, autonomous interaction, decentralized control, complexity and diversity, and emergence. Unlike traditional organizational phenomena, DAO is not limited by the space of the real physical world. Its evolutionary process is driven by events or goals. It forms quickly, spreads, and is highly interactive, dissolving automatically when the target disappears.

There is no central node and no hierarchical management structure in the mutual debt platform. It achieves organizational goals through interaction, competition, and collaboration among bottom-up network nodes. Therefore, business transactions between mutually indebted 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 resource endowments, complementary benefits and mutual benefits driven by win-win interests. Each organization node will work together effectively under the certificate’s incentive mechanism 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 corporations but are replaced by highly self-governing communities operated . In addition, the mutual indebtedness works under the operating standards and cooperation mode jointly decided by stakeholders, and it is easier to achieve 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 the mutually indebted participants, and the reward and punishment mechanism are all open and transparent. In addition, through a series of efficient principles of self-government, the rights and interests of the relevant participants are precisely differentiated and dimensionally reduced, i. To promote industrial division of labor and rights, responsibility and equal interests ensure more coordinated and orderly organization.

To understand the DAO governance model of mutual debt in depth, 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, senior management or senior management decides the structure and has the authority to make changes. While DAOs are decentralized, meaning they are not governed by individuals or organizations, 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 vote on decisions collectively, rather than a minority having a majority, usually on an equal basis.

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

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

Having a rule system that can reach consensus with strangers, including creating governance, incentives, etc., and this rule is deployed on-chain through blockchain technology;

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

Partner institution Pictet Capital

Pictet Capital in Switzerland is a key co-operative institution of the Mutual Debt Schemes Platform. The cost of early front-end construction and the research cost of the mutual debt technical team are all funded by Pictet Capital. As the world’s leading wealth management institution, Pictet Capital’s early funding is precisely because of this optimistic view of the workings and future evolution of mutual indebtedness.

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

One of the leading independent wealth and wealth managers, Pictet Capital has 30 offices around the world and has had significant exposure to Asia for 40 years. Wealth management is at Pictet Capital’s core business – protecting our clients’ interests, building trusting relationships with them and protecting, growing and managing their wealth.

Pictet Capital has always been committed to helping clients build great businesses, create ideal lives and create wealth. War, political unrest and economic crises notwithstanding, Pictet Capital maintains financial stability and strong creditworthiness, implements successful investment and wealth management and fulfills its commitment to clients.

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