What's next for money-changers
A frank look at where Dovizir is heading — written for money-changers deciding whether to be early, not for the customer-facing pages.
The economics
A share of the insurance premium on every sale
Each sale carries a small transaction-insurance fee paid by the seller. A share of it accrues to you, the sarraf who registered the shop; the rest funds the maintainer layer that backs you.
Earned, not just collected
A premium stays unearned through a coverage window — or until the buyer confirms delivery, whichever comes first. Then it is yours. Your withdrawable profit is your earned surplus above a required cushion, so the fund behind your name always stays solvent.
Shops post a bond
You register a shop, it posts a bond, and its limits — largest invoice, sales per day — scale with that bond times the trust grade you give it. Like a secured card that graduates: prove the history, raise the ceiling.
Losses cascade away from you first
A successful non-delivery claim is paid from the shop's bond first, your layer second, the maintainer fund last. Underwrite well and claims rarely reach you.
You never judge your own case
Disputes over sales you earn from go to an overseeing body of fellow sarrafs and maintainers, with a neutral backstop for appeals. Bad actors' bonds flow into the fund when they are removed — catching fraud pays the network, not just justice.
The roadmap, act by act
Rates and cash
The first thing after the proof of concept turns you from a wallet into a storefront: you set the prices, and cash moves both ways through you.
Your rates, your spread — posted for free
Show your buy and sell prices in the app at no cost. You set the spread and change it whenever you like. What's in it for you: customers come to your rate, and the margin on every conversion is yours.
Firm quotes on request
A customer asks a price for a specific amount; you give a quote that holds for a short window. What's in it for you: you price the risk of the swing instead of eating it, and you win the order at a number you chose.
Cash in, cash out
Take local currency and issue Tether; take Tether back and pay out cash — with receipt evidence and a clear path if a hand-off is disputed. What's in it for you: every ramp in and out of the network is a trade you're paid for, with a record that protects you if it's questioned.
Who runs it — and who gets paid
As the network grows, money-changers run the parts that need judgment and are paid for it. The people building Dovizir are funded to keep building — never to decide your disputes or set your fee by decree.
You oversee fraud and support — and earn the larger share for it
Claims and support on the shops you register are handled sarraf-side, by you. What's in it for you: the overseeing money-changer takes the bigger share of the insurance premium on every sale those shops make. Screen well, and that income is yours.
The builders can't touch your disputes
The development team is paid from the other share of the fund, to ship the contracts and apps. What's in it for you: no head office sits above you skimming margin or overruling your calls — the people funded to build are structurally barred from ruling on claims you earn from.
The fee moves on evidence, not on someone's say-so
The protocol holds every money-changer's real profit data. If sarrafs vote the fee is too low, it's settled against that open record and raised only if the numbers show it's genuinely needed. What's in it for you: your pricing is defended by data you can see, not set against you by a gatekeeper.
Sponsor your shops' gas and own the relationship
You can cover the network cost for the shops under you. What's in it for you: a customer paying your shops never thinks about fees or crypto — which makes your shops the easy place to pay, and keeps their business flowing through you.
Credit — where the real money is
Once the network is deep enough, certified money-changers can issue a measured amount beyond what they hold. This is the seigniorage that makes the whole business worth it — with safeguards that keep it sound.
Issue beyond your backing — the core of your upside
A proven track record earns you room to issue somewhat more Tether than you've deposited, within a ceiling tied to your history and standing. What's in it for you: this is where most of a money-changer's profit comes from — putting your reputation to work, not just your cash.
The ceiling grows as you do
The more history, capital, and volume you build, the more headroom you unlock. What's in it for you: early, well-run sarrafs earn the largest allowances first — the network rewards the ones who showed up and behaved.
Safeguards that protect your book, run by code
If your backing thins against what you've issued, new issuance freezes on its own and you get a short window to top up. What's in it for you: the brake is automatic and the same for everyone, so a rival can't out-risk you into a blow-up that drags the network — and your name — down with it.
A run becomes an orderly hand-off, not a fire sale
If holders rush to leave, they move at full value to other money-changers, who take on the balance and hold a senior claim on the backing behind it — the way clearing houses have always settled between banks. What's in it for you: you're never forced to dump assets at a loss in a panic; exposure is reassigned in an orderly way, and a solvent sarraf survives a scare.
Lending on gold
The last act puts that credit headroom to work as lending against gold — structured the way the region already trusts, so it earns without crossing the lines your customers care about.
A new revenue line from headroom you already have
A customer pledges their gold coins with you and receives Tether against them. What's in it for you: you earn on the same issuing capacity from Act 3, now lent against real collateral in your own vault — a second income stream on one balance sheet.
A custody fee, not interest
You're paid a fee for safekeeping the pledged gold over the term, and it can roll over. What's in it for you: recurring, permissible income structured as custody (rahn and ujrah) — acceptable to customers who would never take an interest-bearing loan, which widens who will borrow from you.
Downside covered, surplus returned
On default, after a grace period, the gold is auctioned to recover what's owed and the costs; anything left over goes back to the borrower. What's in it for you: your principal and fees are secured by gold you hold, while the fair-return rule keeps the product trusted and keeps borrowers coming back.
Gold first, on purpose
Gold — not volatile crypto — is the collateral, and it holds its worth in exactly the currency crises when customers need liquidity most. What's in it for you: your loan book stays solid when it matters, instead of collateral collapsing at the same moment redemptions spike.