Emre Yumlu 
WeSplit (SPLIT) is a mobile-focused application developed on the Solana blockchain that aims to transform crypto wallets beyond individual use into a social financial experience.
What Does WeSplit (SPLIT) Aim For?
The platform’s core purpose is to make it easy for friend groups, communities, and DAOs to manage shared expenses on-chain. WeSplit targets eliminating the common “who paid how much?” confusion found in traditional payment apps by providing an instant, transparent, and programmable sharing infrastructure with crypto assets.
The platform shifts the individual wallet logic from a “single-player” structure to a group economy model. This allows users not only to send and receive money but also to create shared budgets, make secure expenditures through multisig approval mechanisms, and make their financial interactions visible through social profiles.
Solana Infrastructure and Social Finance Layer
WeSplit technically operates on the Solana network. Solana’s high transaction speed and low fees provide significant advantages, especially for frequent and small-amount group expenses. Users pay no additional platform fees beyond standard blockchain transaction costs.
The project’s positioning goes beyond being just a “Splitwise-like” application. WeSplit defines itself as a social finance layer. In this approach, names, profiles, and community identities take center stage instead of wallet addresses. The goal is to run blockchain transactions in the background while making the user experience similar to traditional mobile payment apps.
Flexible Spending Models
One of WeSplit’s standout features is its adaptable sharing models for different spending scenarios. Since each group’s dynamics vary, the app offers flexible options instead of a single-type split:
- Fair Split: Equal distribution of bills or expenses.
- Customized Split: Each participant pays different proportions.
- Degen Mode: A more fun and risky option where who pays is randomly determined.
- Pooled Model: All participants contribute to a shared wallet and spend together.
These models can be adapted to various use cases such as travel, events, rent, group shopping, DAO expenses, or friend group organizations.
Squad Wallet: Shared Wallet Experience
At the center of WeSplit is the “Squad Wallet” shared wallet structure. This allows users to pool funds in a single shared wallet and manage expenses together.
The system operates with a multisig mechanism. This ensures group funds are not controlled by a single person; spending transactions require approval from designated members. This model provides a secure framework especially for community management and DAO structures.
Users can:
- Approve with a single tap
- Track expenses live
- View a transparent transaction history
- Set spending rules and savings goals
This approach combines on-chain transparency with social ease of use.
WeSplit (SPLIT) Social Identity and Profile Structure
WeSplit pushes the long and complex wallet addresses of classic blockchain experiences to the background. Users can send and receive payments using real names or nicknames. This makes transfers more intuitive.
Each user has an on-chain social profile on the platform. This profile consolidates payment history, joined groups, activities, and reputation elements under one roof. Additionally, users can reflect their digital identity through visual customizations such as avatar frames, profile themes, and wallet backgrounds.
In this way, WeSplit offers not only a financial tool but also a community-focused digital identity infrastructure.
Gamification and Points System
WeSplit turns daily expense sharing into a gamified experience. Users can earn points by making payments together, collect badges by completing tasks, and climb global rankings.
- Tasks and badges increase engagement
- Global leaderboard encourages users to stay active
- Features like Degen Mode add a competitive and fun dimension
This structure ensures the app becomes not just functional but also an ecosystem that boosts community loyalty.
What Is WeSplit (SPLIT) Used For?
The main use cases of WeSplit include:
- Sharing travel expenses
- Rent and shared living costs
- Event and organization budgets
- Group shopping
- DAO and community expenses
- Daily small payments and debt tracking
Instant and on-chain settlement with crypto assets provides advantages especially for international groups.
WeSplit (SPLIT) Usage and Security
To use WeSplit, all group members must join the platform. This way everyone can track expenses and provide necessary approvals.
On the security side, the multisig structure serves as the primary protection layer. Group funds cannot be moved by a single person. This provides additional security for both individual users and community structures.
The platform is free; users pay only standard Solana network transaction fees. Additionally, the app’s user experience is designed to be simple and understandable even for people with no crypto experience. Blockchain transactions run in the background.
WeSplit (SPLIT) Tokenomics
The native asset of the WeSplit ecosystem is the SPLIT token.
- Ticker: $SPLIT
- Total Supply: 120,000,000 SPLIT
- ICO Allocation: 100,000,000 SPLIT
- ICO Ratio: 83.33%
- Liquidity Pool Allocation: 17%
- Initial FDV: $360,000
- Monthly team allowance (from treasury): $10,000
The majority of the total supply has been distributed through public sale. The 17% allocated to the liquidity pool is designated to support the token’s market trading.
The tokenomic structure balances circulation and liquidity while providing for the team to sustain operational activities with a fixed monthly treasury allowance.
Official Links
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