Welcome to CashBack 👋

Description

Buyback is an e-commerce platform that allows users to purchase items for a payback in the form of ERC20. Each product will have a corresponding payback rate. After being reimbursed in ERC20 form, users can staking that amount of ERC20 to be able to Yield Farming to generate a corresponding ONE, after each day 2% of the ERC20 is converted to ONE. Users can withdraw the converted ONE at any time they want, however when withdrawing the ERC20 amount will be burned corresponding to the percentage of ONE withdrawn.

Functionality

What CashBack does :

• Users buy the product and get a 8.6% payback of the product value, which is created in the form of a Sun token. After each day, the amount of ONE newly created will be equal to 2% of the amount of Sun tokens the user is holding. This amount of One, users can withdraw to MathWallet at any time.
• Users withdraw ONE interest generated from staking Sun. After ONE withdrawal, the amount of Sun tokens will be destroyed corresponding to the percentage of One withdrawn. Example: There are 20 ONE and 1000 Sun tokens, withdraw 10 ONE to the wallet, users will only have 500 Sun tokens. From there the interest per day will be calculated based on the remaining Sun tokens

In the future:

• First,we are building a cross-chain protocol with cosmos - this product will be like a the bridge between Harmony and ETH - from which users can buy and sell products on the Cashback floor with existing tokens.

• Next we want to make Cashback a marketplace where people can sell their products at their own rates of return (the competition benefits the buyers). Successful transactions will be charged and this fee will be used to pay bonuses to those who are staking ERC20 cash back when buying items.

Activity diagram

Users will have 2 main streams to interact with Cashback

• Buy item activity :

• Withdraw interest activity:

Project setup (testnet)

Setup contract :

• Load dependencies:

cd contract
yarn install

• Copy .env file:

//LOCAL
//Local uses account one103q7qe5t2505lypvltkqtddaef5tzfxwsse4z7 on Shard 0
LOCAL_PRIVATE_KEY='45e497bd45a9049bcb649016594489ac67b9f052a6cdf5cb74ee2427a60bf25e'
LOCAL_MNEMONIC='urge clog right example dish drill card maximum mix bachelor section select'
LOCAL_0_URL='http://localhost:9500'

//TESTNET
//Account: one18t4yj4fuutj83uwqckkvxp9gfa0568uc48ggj7
TESTNET_PRIVATE_KEY='01F903CE0C960FF3A9E68E80FF5FFC344358D80CE1C221C3F9711AF07F83A3BD'
TESTNET_ADDRESS = 'one18t4yj4fuutj83uwqckkvxp9gfa0568uc48ggj7'
TESTNET_MNEMONIC='urge clog right example dish drill card maximum mix bachelor section select'

TESTNET_0_URL='https://api.s0.b.hmny.io'
TESTNET_1_URL='https://api.s1.b.hmny.io'

//MAINNET
//Please replace MAINNET_PRIVATE_KEY and MAINNET_MNEMONIC with your own!
//Account: one18t4yj4fuutj83uwqckkvxp9gfa0568uc48ggj7
MAINNET_PRIVATE_KEY='01F903CE0C960FF3A9E68E80FF5FFC344358D80CE1C221C3F9711AF07F83A3BD'
MAINNET_MNEMONIC='urge clog right example dish drill card maximum mix bachelor section select'
MAINNET_0_URL='https://api.s0.t.hmny.io'

GAS_LIMIT=3321900
GAS_PRICE=1000000000

• Deploy contract:

yarn all

Setup client:

• Load dependencies:

cd client
yarn install

• Run

yarn serve