Systems and methods of blockchain for transaction rewards on token locking

The systems and methods of a blockchain platform for transactions, comprising: submitting one or more tokens for locking for a period of time; receiving free interest tokens for the locked tokens using a multiplier; sending the interest tokens to perform a transaction to one or more service provider...

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Bibliographische Detailangaben
Hauptverfasser:	Austin, Thomas H, Basu, Saswata
Format:	Patent
Sprache:	eng
Schlagworte:	CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES ELECTRIC COMMUNICATION TECHNIQUE ELECTRICITY PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION
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Beschreibung
Zusammenfassung:	The systems and methods of a blockchain platform for transactions, comprising: submitting one or more tokens for locking for a period of time; receiving free interest tokens for the locked tokens using a multiplier; sending the interest tokens to perform a transaction to one or more service providers; releasing the locked tokens; wherein submitting, receiving, sending and releasing of tokens is automatically regulated using smart contract protocol on the blockchain platform. The systems and methods of a blockchain platform wherein the smart contract protocol is comprising of: establishing a negotiated token rate for the transaction for negotiated terms of service; invoking signed markers for the transaction; transferring tokens from reward pool to a challenge pool; releasing tokens from challenge pool after authorization, verification and finalization of the transaction.