Friend in Debt

Like Venmo on the Blockchain, but better!
Try Now Whitepaper Credit Protocol Token Sale

Powered By The Credit Protocol

Friend in Debt is our first full-fledged (and functional!) implementation of the Credit Protocol. Until now, it was only possible to move money on the blockchain in the form of cash. Bitcoin democratized the transfer and storage of money, and Ethereum democratized the creation and storage of monetary contracts. Friend in Debt provides a full working demonstration of the next logical step in the decentralized economy: democratizing the creation of credit through permanently recorded debts and obligations between parties. Debt and credit are already extremely powerful financial tools, and now they will be protected and strengthened by the security and flexibility of the blockchain.

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Friend in Debt Features

Easy-to-use and optimized for non-technical users. Friend in Debt has a host of features to make it one of the first apps to truly reach beyond tech-savy early adopters.

Immortalized Debts

Stores debts permanently on the Ethereum Blockchain.

Powered By The Credit Protocol

Powered by the innovative Credit Protocol. Easily allow long-term debt tracking, digital credit histories, personal loans, community crowdfunding, and much more.

(Coming Soon) Multi-Currency support

Natively supports any currency format.

(Coming Soon) Settle Debts

Settle debts on-chain or off-chain

(Coming Soon) Multiple Platforms

Supports Web/iOS/Android

More Features

With Friend in Debt, you will have the ability to track and settle debts in any currency and across any border, all with lower costs and increased speeds thanks to our forthcoming proprietary caching layer.

Perfect Balance Between Speed and Transaction Costs

Caches multiple streams of debt tracking to save on transaction costs.

Open Sourced Apps

Fully open source and open for contributions from community members.

Built on Purescript

Built using a cutting edge functional programming language to eliminate the kind of potential security problems that normal javascript apps could have.

Integration with Foundation

Integrates with Foundation, which combines any wallets into a single unified ID for easy tracking.

Metamask Support

Supports anyone who uses the Metamask browser plugin.

The Roadmap

We have an aggressive roadmap for 2017-2018. With 3 major version updates planned, we have a chance at reaching beyond the Ethereum early adopters towards reaching the actual mainstream users. There is a real opportunity to race ahead of regional debt tracking and settling apps like Venmo and Alipay and convert users beyond China and the USA.

Internal Alpha Version Deployed to MainNet

2017 Q2

Internal Proof of Concept Beta Deployed to Both Ropsten and Mainnet With Metamask Support.

Complete Re-write for V1.0.0

2017 Q3

Version 1.0 of Chrome Metamask FiD Released on Ropsten for Private Testing

Release Candidate

2017 Q3

Release Candidate Version 1.0 of Chrome Metamask FiD Released on Ropsten for Public Testing

Announces Token Sale

2017 Q3

Token Sale of the Credit Protocol, which powers FiD

MainNet Deployment, Version 2 Goes Into Testing.

2017 Q4

Contracts deployed on MainNet. Next generation contracts which supports Settlements will be deployed to TestNet.

FID DEPLOYED FOR MOBILE APP BROWSER

2017 Q4

FiD fully tested and operational in at least one mobile app browser.

BASIC DEVELOPER DOCS AND UCAC AVAILABLE

2017 Q4

Basic documentation on how to use CP. Another fully operational UCAC, offering different use case for CP.

General Purpose Settlements Goes Live.

2018 Q1

General Purpose Settlements will be deployed to MainNet.

Desktop Apps Goes Into Beta, Mobile Apps Released.

2018 Q1

Desktop Apps Betas released for public testing, Android and iOS Apps in respective stores.

IMPROVED DEVELOPER DOCS AND MORE UCACS AVAILABLE

2018 Q1

Detailed documentation on using CP including UCAC examples, deployment guide and basic solidity guide. 5 fully functional UCACs available.

Version 3 Goes Into Alpha, Desktop Apps Released.

2018 Q2

Desktop Apps Released. Version 3 goes into Alpha. Interest Bearing Loans Smart Contracts released on TestNet.

Version 3 Goes Into Beta, Loan Contracts Deploy to MainNet.

2018 Q2

Version 3 released to the public for Beta Testing. Interest Bearing Loan contracts deployed to MainNet.

IMPROVED DEVELOPER DOCS AND MORE UCACS AVAILABLE

2018 Q2

Detailed documentation on using CP including UCAC examples, deployment guide and basic solidity guide. 7 fully functional UCACs. available.

INTEREST BEARING LOANS WRITTEN INTO FID

2018 Q3

Interest bearing loan function written into FiD.

Off-Chain State Channels Goes Into Alpha

2018 Q3

Our in-house transaction aggregation and caching layer goes into Alpha Testing.

IMPROVED DEVELOPER DOCS AND MORE UCACS AVAILABLE

2018 Q3

Detailed documentation on using CP including UCAC examples, deployment guide and basic solidity guide. 10 fully functional UCACs.

Version 3 Released

2018 Q4

Version 3 released to the public. This includes interest bearing loans and massively reduced transaction costs thanks to off-chain state channels.

IMPROVED DEVELOPER DOCS AND MORE UCACS AVAILABLE

2018 Q4

Detailed documentation on using CP including UCAC examples, deployment guide and basic solidity guide. 15 fully functional UCACs.

Development Roadmap

Friend in Debt feature development goals in relation to the Credit Protocol Token Sale.

ETH Sold Additional Features
5000 ETH

Working Chrome Metamask App and Mobile Web App.

10000 ETH

General purpose settlement of debts written into the Credit Protocol.

20000 ETH

Android and IOS FiD apps.

30000 ETH

Windows and Linux Support and Full Wallet Functionality.

40000 ETH

Interesting Bearing Loans UCAC, docs, guides and example UCACs.

45000 ETH

Off-chain Aggregation Layer