# Asgayapedia > Bitcoin Cash remittances with <1% fees, no KYC, self-custody **Send €100 to Venezuela for €1 instead of €5. No company. No custody. No KYC.** --- ## What is Asgaya? Asgaya is a **Bitcoin Cash wallet** designed to make sending remittances simple and affordable—with <1% fees, no KYC, and full self-custody. **The mission:** Promote merchant Bitcoin Cash adoption by turning every remittance into an opportunity for circular economy growth. **How it works:** A peer-to-peer marketplace connects senders with BCH sellers and merchants, using covenant smart contracts and a decentralized bulletin board—without any central server or custodian. **The insight:** Every remittance creates a new BCH merchant. Use the $44.5 billion annually lost to fees to build circular economy infrastructure where it's needed most. **When merchants accept BCH directly, Asgaya becomes unnecessary. Success means we disappear.** --- ## The Five Gears | Gear | What it does | Documentation | |------|--------------|---------------| | **⚙️ Wallet** | Hold BCH + establish identity via Cash Accounts | [the-mechanism/wallet](the-mechanism/wallet/README.md) | | **⚙️ Bulletin Board** | Discover buyers and sellers via on-chain NFTs | [the-mechanism/bulletin-board](the-mechanism/bulletin-board/README.md) | | **⚙️ Nostr** | Coordinate payment details privately + blacklist warnings | [the-mechanism/nostr-coordination](the-mechanism/nostr-coordination/README.md) | | **⚙️ Notification Bot** | Automate everything (passive income, 24/7 operation) | [the-mechanism/notification-bot](the-mechanism/notification-bot/README.md) | | **⚙️ Stability Layer** | Protect from volatility via H€/HAu tokens | [the-mechanism/stability-layer](the-mechanism/stability-layer/README.md) | **How they work together:** [the-mechanism/how-they-interact.md](the-mechanism/how-they-interact.md) --- ## Documentation Structure ### 📱 Implementation Technical specifications for building Asgaya clients: - [implementation/](implementation/README.md) - Android app reference implementation and technical details ### 🔧 The Mechanism How Asgaya actually works: - [the-mechanism/](the-mechanism/README.md) - The 5 gears and how they interact ### 👥 User Journeys Experience from different perspectives: - [user-journeys/remittance/](user-journeys/remittance/README.md) - Sender and recipient flows - [user-journeys/merchant/](user-journeys/merchant/README.md) - Merchant perspective - [user-journeys/trader/](user-journeys/trader/README.md) - Professional liquidity provider - [user-journeys/customer/](user-journeys/customer/README.md) - Direct BCH payments ### 🎯 Why This Design? Design rationale: - [why-this-design/constraints/](why-this-design/constraints/README.md) - Design constraints - [why-this-design/fraud-protection.md](why-this-design/fraud-protection.md) - How we prevent fraud ### 🚀 Cold Start Strategy How to bootstrap Phase 0: - [cold-start-strategy/](cold-start-strategy/README.md) - Phase 0 rollout plan ### ❓ Unknowns Structured investigation briefs (research entry point): - [unknowns/](unknowns/README.md) - Open research questions by category ### 📚 Research Formal research sessions and summaries: - [research/](research/README.md) - Formal research sessions and findings - [research/summaries/](research/summaries/README.md) - Research summaries ### 📖 Reference - [glossary.md](glossary.md) - Complete terminology reference - [risks-and-disclaimers.md](risks-and-disclaimers.md) - Important disclaimers --- ## Quick Start **Choose your path:** ### I'm sending money to family → Read [user-journeys/remittance/sender/](user-journeys/remittance/sender/README.md) ### I'm receiving money from family → Read [user-journeys/remittance/recipient/](user-journeys/remittance/recipient/README.md) ### I'm a merchant wanting to provide cash-out → Read [user-journeys/merchant/](user-journeys/merchant/README.md) ### I'm a developer building a client → Read [implementation/](implementation/README.md) ### I'm a researcher investigating the design → Read [why-this-design/](why-this-design/README.md) and [unknowns/](unknowns/README.md) --- ## Core Principles **1. Permissionless by Design** Anyone can participate without KYC, using minimal hardware and knowledge. No custody, no intermediation, no gatekeepers. **2. Cheaper Than Legacy (<1% fees)** Beat 6.49% average remittance costs through market-rate exchanges and decentralized covenant-based settlement. **3. Promote Adoption First** Every transaction must create economic incentives for participants to join and grow the network. Merchants earn ~0.5% spread, BCH sellers earn ~0.5% fee + volatility protection via H€/HAu. --- ## Fee Structure **Total fee: ~1% of transfer amount** On a €100 transfer: - Sender pays: €100.50 (includes 0.5% seller fee) - Recipient receives: €99 cash (merchant keeps 0.5% spread) - **Total cost: ~€1 (1%) vs €5-€6.50 (5-6.5%) via traditional remittances** **Zero custody:** No company holds your funds at any point. BCH covenants enforce settlement automatically. --- ## Technology Stack Asgaya builds on proven Bitcoin Cash innovations: - **[CashAccounts](https://gitlab.com/cash-accounts/specification)** - Human-readable addresses (`Elena#142`) - **[AnyHedge](https://anyhedge.com/README.md)** - Volatility protection via hedge contracts - **[CashTokens](https://cashtokens.org/README.md)** - H€ and HAu stable tokens - **[CashScript](https://cashscript.org/README.md)** - Covenant (smart contract) language - **[Electrum/Fulcrum](https://github.com/cculianu/Fulcrum)** - SPV infrastructure for mobile wallets --- ## Status **Phase:** Phase 0 Preparation (Documentation Complete, Implementation Pending) **Version:** 2.0 (Covenant Architecture) **Last Major Update:** June 27, 2026 **What's complete:** - ✅ 7 implementation components (TightDS reviewed) - ✅ Glossary with H€/HAu/AnyHedge terms - ✅ User journey documentation - ✅ Design rationale and constraints - ✅ Research sessions and findings - ✅ Unknown investigation framework **Status:** Research and development phase, preparing for Phase 0 validation --- ## Contributing **Documentation:** This is a living document. Feedback welcome via GitHub issues. **Research:** See [unknowns/](unknowns/README.md) for structured investigation briefs - no permission needed to turn unknowns into knowns. **Implementation:** Code contributions will be accepted after Phase 0 implementation begins. --- ## Important ⚠️ **Asgaya is an early-stage, experimental protocol.** By exploring this documentation or participating in any capacity, you accept full responsibility for understanding and complying with laws in your jurisdiction. **[Read full risks and disclaimers →](risks-and-disclaimers.md)** --- *Asgaya: Building permissionless financial access, one remittance at a time.* 🚀 **Documentation served raw via GitHub Pages - optimized for both human readers and AI systems.**