Smart Contract

The most powerful agreement between peers

The smart contract we plan to develop and launch is the backbone of the EcoBonus rewarding system. If everything goes according to plan, it will have the following properties:

  • It will interact with the blockchain and have methods that automatically get executed when a recycling action takes place.

  • It will keep track of the points accumulated by users when they recycle.

  • It will also have the option to convert those points into tokens based on a certain conversion rate, and send the ECB tokens to the user that initiated it.

All of these actions will take place automatically on the blockchain, transparently. The smart contract code will be public for everyone to see. This mechanism should prove that our product is for our customers, it is safe to use, and does what we promised to do.

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