BaseWave
Frictionless, Decentralized Recurring Payments for Builders
Created on 30th June 2024
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BaseWave
Frictionless, Decentralized Recurring Payments for Builders
The problem BaseWave solves
Recurring Payments: Traditional blockchain transactions are one-time events. BaseWave enables automatic, recurring payments for subscriptions, memberships, and ongoing services in the decentralized ecosystem.
Cash Flow Management: For Web3 businesses and creators, BaseWave provides a reliable way to establish steady revenue streams, improving financial planning and sustainability.
User Experience: It simplifies the process of setting up and managing recurring payments for both businesses and customers, reducing friction in the Web3 economy.
Smart Contract Automation: BaseWave leverages smart contracts to automate the entire subscription process, reducing the need for manual intervention and increasing transparency.
Challenges I ran into
Designing efficient smart contracts that could handle recurring payments while minimizing gas fees was complex. We iterated through multiple designs, eventually implementing a batching system to reduce transaction costs.
Tracks Applied (1)
Payments Track
PAYMENTS with Stripe
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