demonitize

Demonetize is a decentralized application for managing recurring payments of ERC20 token.

User Stories

Subscription Creator

An subscription creator creates a contract for recurring payment of a ERC20 token. He then shares this newly created contract address with his potential subscribers. After users have subscribed to this contract, the subscription creator can periodically charge them.

Subscriber

An user subscribes to a subscription contract. Next he approves the subscription contract to spend ERC20 token from his account. The subscription contract will only allow tokens to transfer periodically. Payments will be rejected if the user disapproves this contract to transfer tokens or if the user unsubscribes from this contract.

Payment Processor

As a subscription creator, it can be time consuming to manually charge every subscriber. Therefore he has an option to register his contract for anyone to process his payments on his behalf. In exchange the payment processor receives a fee for his service.

Development

Install dependencies

npm install

Start local blockchain

npm run chain

Deploy contracts

npm run compile
npm run migrate

Start client server

cd web-app
npm install
npm start

Account Setup for Development

• import accounts 1, 2, 3 from the private keys listed on ganache to MetaMask
  • account 1 will be the subscription creator
  • account 2 will be the subscriber
  • account 3 will be payment processor
• For each account, import the ERC20 token called TestToken into MetaMask so that token balance can be checked. Contract address is listed on the migration log after npm run migrate

Accounts 1 and 2 are funded with some TestToken.

How to Creating a Subscription

Subscription Creator

• Create a subscription contract and share his contract address with users he wishes to correct recurring payments from.

Subscriber

• Takes the subscription contract address and subscribes to the contract.

Next he approves the contract to spend his tokens.

Subscription Creator

• He charges the subscriber. When the next payment time is reached, refresh the page to see the "Charge" button enabled again.

How to Set up a Bounty

Subscription Creator

• Creates a bounty, listing his subscription contract address and a bounty amount rewarded to the payment processor. After creating a bounty, he approves the contract managing the bounties to transfer tokens upon a successful payment.

How to Claim a Bounty

Payment Processor

• Finds a bounty and processes the payment. In exchange he receives some tokens.

Testing

npm run chain
# in another terminal
npm test

Notes

Concat contracts for contract verification

npm run truffle-flattener -- contracts/Contract.sol