A stokvel is a rotating savings and credit association — a group of people who each pay a fixed amount into a common pot on a schedule, and take turns receiving the whole pot. They are a long-standing and entirely legitimate savings practice in South Africa, used by millions of people, and they are not inherently a scheme.

What separates a working stokvel from a failing one is not the concept. It is whether the rules are written down, whether the rotation order is agreed in advance, and whether anyone is holding the money between rounds.

Each club targets a 1 ETH pot. Members contribute in ETH, and the club pays out in ETH. The largest package — 1 ETH — is the reference position.

That gives one equation, and everything else follows from it:

• Which model applies — the rotation or the daily rate? They are different products with different funding requirements. Ask which one the operator commits to in writing.
• Who holds the pot between rounds? If a person holds it, that person can leave with it. If a contract holds it, check the contract.
• Is the rotation order written down and agreed? Before anyone pays in.
• What happens if a member stops contributing after receiving? Early recipients owe the club for every remaining round.
• Where does the daily payout come from? The rate card pays out more ETH than the stokvel takes in. The gap has to be funded by new contributions or an external subsidy.
• What is the exit rule? Can you leave after 45 days and get your contribution back? Usually not — and that should be stated up front.

How clubs are identified

Each club is assigned a sequential identifier in the format CLUB № 0001 — four digits, zero-padded, issued once at creation.

The number is an identity, not a rank. Within a club, the thing that determines your outcome is your seat number in the rotation, not the club’s name.

Every statement on this site is labelled, so you always know what the material shows, what it merely claims, and what its own numbers add up to.

Source fact Source claim Arithmetic

How platforms that vanished were built

• You deposited, and the operator held the balance
• Your dashboard showed a number
• Then withdrawals paused and the site went offline
• That number turned out to be a promise, not possession

The design ETHx materials describe

• No withdraw button — because there is no pooled balance
• Activating a slot splits that payment inside the same transaction
• Each portion goes straight to the receiving members’ own wallets
• Nobody ever holds the funds, so nobody can disappear with them

Why this is the only question that matters first

Every other property of a programme — the payout ratios, the cycle structure, the growth projections — is downstream of one thing: who holds the money between the moment it leaves your wallet and the moment it reaches someone else’s.

This page is about how to tell which of those two you are looking at, and how to verify the receiving address before sending anything.

The receiving wallet

Network

Base

Chain type

Ethereum L2

Base Name

ethereumexponential.base.eth

Native token

ETH

Hex address

This is a standard EVM address. It works on Base and any EVM-compatible chain, but the stokvel operates on Base. Sending on a different chain may result in lost funds.

What a position actually is

A position — sometimes called a slot — is a place in a queue. You buy one by making an entry payment. That payment does not sit anywhere waiting for you. It is divided immediately among a defined set of recipients.

Every unit paid out to a participant entered the system as a unit paid in by a different participant.

The starting point

Take the split at face value: 14 units in, 6 units to the activating member on the first pass. Everything on this page follows from that ratio and one other fact — no money enters the system except through new participants.

• “You can start with a small amount.” True, and irrelevant — the entry size does not change the ratio.
• “The contract is non-custodial.” Verifiable, and it solves a different problem than solvency.
• “The daily rate is 2%.” Verifiable arithmetic: it compounds to 137,560% per year in ETH terms, and requires matching capital inflow to be paid.

Registering on this page does not commit you to anything. But if you are considering sending ETH toward a package, work through this list first. Every item is something you can check yourself.

• Confirm the receiving address against two sources. The only correct address is on the money-flow page. Verify it there, then verify it again on Basescan by searching ethereumexponential.base.eth. If the two do not match, stop.
• Confirm the network. The stokvel runs on Base. Sending ETH on Ethereum mainnet, Arbitrum, Optimism, or any other chain means your funds arrive somewhere else, at a different address, or are lost entirely.
• Understand what you are buying. You are not buying a token or a share. You are contributing to a rotating savings circle. The packages and the daily-rate schedule are described on the home page, including the funding gap.
• Read the funding gap paragraph. The 1 ETH package pays out 2.4378 ETH in 45 days. The site works through where that extra ETH has to come from. Read it before sending anything.
• Know who you are dealing with. There is no company behind this page that you can sue, no regulator you can complain to, and no support line. If the operator disappears, so does any ETH you have sent.
• Record your transaction hash. After you send, copy the transaction hash from your wallet. Without it, there is no way to trace what you sent, and no way for anyone — including you — to prove a payment was made.
• Start with the smallest package. If you are going to test the flow, test it with 0.005 ETH. Do not send 1 ETH as your first transaction.
• Accept that you may receive nothing. That is not a hypothetical. The funding gap described on the home page is a real, visible risk. If you are not prepared to lose what you send, do not send it.

Payments are manual. There is no checkout button on this page, no automatic address generation, and no smart contract that this form interacts with.

If you decide to contribute, the process is:

1. Register your email above.

   This puts you on the list. Nothing is charged.

2. Wait for contact.

   The operator contacts waitlisted emails when a round opens. You can ask questions before sending anything.

3. Verify the address yourself.

   Follow the six steps on the money-flow page to confirm the wallet before you send.

4. Send from your own wallet.

   Send ETH on Base to the verified address. Save the transaction hash.

5. Reply with your transaction hash.

   The operator records your contribution against your registration. There is no on-chain confirmation screen here because the payment flow is not yet automated.

An automated flow is being scoped. When it exists, it will be a separate application with its own address bar, not a form embedded in this site. Until then, treat any “pay here” button on any site claiming to be ETHx as suspicious.

There is exactly one receiving wallet. It is listed in full on the money-flow page, along with a six-step method for verifying it before you send anything.

Base Name

Hex address

If you are not prepared to open Basescan and verify this address character-by-character against the one shown there, do not send ETH to any address at all. Open the verification walkthrough →