pethreon
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Recurring payments on Ethereum
Pethreon: recurring payments on Ethereum
Support your favourite creator (an artist, a musician, a programmer) in a regular fasion.
Compared to centralized alternatives, Pethreon:
- requires no trust: a smart contract can not run away with the money
- respects privacy: neither supporters nor creators have to reveal their personal information
- offers lower fees: apart from Ethereum transaction cost, there are no fees
This is how it works.
A supporter:
- deposits ether into a smart contract
- makes a pledge to support a creator by regular payments
- can cancel the pledge anytime and get the remaining funds back
A creator:
- publishes an Ethereum address and waits for supporters to pledge
- can withdraw the available amount of ether anytime
Created at the Merkle week hackathon together with @robcat and @stferr. Thanks to Patreon for inspiration.