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The need for the Ethereum Chitty app stems from the challenge many individuals and groups face when they require a large amount of money quickly. Traditional means like bank loans can be slow, involve heavy paperwork, and may not be accessible to everyone, especially those without strong credit histories. The chit fund model offers an effective solution by allowing a group to pool their contributions regularly and access the lump sum through auctions or draws before the cycle ends. This system provides liquidity and access to significant funds in a short time, empowering members to meet urgent financial needs like business capital, emergencies, or large purchases. The app digitizes this process, making it more transparent, trustworthy, and efficient, ensuring that users can reliably access substantial funds quickly without intermediaries or delays common in traditional finance.The Ethereum Chitty app addresses the need for accessing a large sum of money quickly by enabling a group savings mechanism where members pool funds regularly. Traditional financing options may be slow or inaccessible, especially for those lacking credit. The chit fund model allows members to bid or draw to receive a lump sum in advance, providing liquidity for urgent needs like business capital, emergencies, or big purchases. Digitizing this with blockchain ensures transparency, reduces fraud, and automates disbursement, making it a reliable and efficient way to meet short-term large financial needs without intermediaries or delays.

Our app uses ENS to give human-readable, memorable names to the smart contracts for easy identification and interaction. For generating randomness in the on-chain lucky draw during conflicts, the app leverages Pyth, ensuring fair and verifiable randomness directly on the blockchain. This combination enhances usability and trust .