Overview

what is subs ?

Subs is a decentralized easy to use recurring payment protocol enabling businesses to earn recurring revenue in web3. Business ( App providers ) create subscription applications and their payment system in the subs contract. Simultaneously, in the same contract, the subscribers can subscribe to these applications while keeping their funds in their wallets. The subscribers simply in one transaction give the right to the protocol through the regulators to trigger the payment according to the rules of the app providers (every month, every week, every day…). Examples of recurring payment can be Subscription, automated investing, peer to peer payments or many others.

Subs arch

The automation of payments is decided by the protocol and all these actors ::

• For app providers ( businesses, creators...), they can easily create a complete subscription and automatic payment system by providing their own rules.

• For subscribers, they can subscribe and unsubscribe to an application created by the app providers according to the rules provided by them

• For regulators, they regulate the protocol by automating or disabling subscriber payments according to the app providers' rules to earn a reward higher than their transaction costs.

Subs makes possible to create fully customizable subscription plans and subscribe directly on-chain. Our goal is to make it super accessible thanks tour SDK. Which means Subs Protocol is perfect for business that wants to make their first steps into Web3.