Discussion on "Tokenised Subscriptions on Algorand"

Alexander Codes · 2024-04-18T10:59:28.828Z

Introduction In this blog post, we'll explore a novel way to implement periodic payments on Algorand. The general idea is to write a smart contract that issues redeemable subscription tokens. Each subscription is represented by a unique asset, and ea...

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Can you explain how to deploy this contract on Ethereum?

Edited by slope game 1 day ago

You would have to rewrite it in Solidity/equivalent.

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Great work, as usual. I have a question, what if the redeemer misses a cycle. Would he be able to redeem 2 (or whatever he missed + 1 ) tokens at once? I assume Payment tx with amount equal to = (cycle_number - current_balance) * payment_amount would cover that scenario.

Oh, I forgot that returning 0 means Reject ). Eldar Ahmadov

Eldar Ahmadov

You would be able to keep depositing tokens until next_balance == cycle_number, but you'd only receive a payment for the last one (when next_balance == cycle_number).

So for example if it's currently cycle 3 and you haven't claimed any payments yet, you could either:

Transfer 2 tokens to the contract without calling the claim_payment() method, and then call the claim_payment method sending an additional token and receive one payment.

Call the claim_payment() method three times, transferring a single token each time. You would only receive a payment for the last one (token/cycle 3).

Got it, thanks again!

You should definitely consider making courses, you have an excellent way of explaining. I'd happily support that! I'm learning python itself in parallel (dotnet developer here) so your posts are a HUGE help!

Keep those posts coming!

Alexander Codes

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Tokenised Subscriptions on Algorand

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