User Service Payment

The "User Service Payment" module is a system smart contract responsible for processing payments related to traffic accounting and content access.

Payment Algorithm

• if the payer has enough XAC then only XAC are used
• if the payer is short of XAC then the difference is paid with XAT:
  • the required amount of XAT is calculated with the exchange module
  • this amount of XAT is being charged from the payer
  • all the charged XAT are burned, the corresponding amount of XAC is automatically created and credited to the payee
  • if the lockedPool is not empty then the same amount of XAT is put into circulation (moved from lockedPool to unlockedPool)

Pseudocode

def makeUserServicePayment(sourceAccount, targetAccount, amount):
    """
    sourceAccount - the payer account
    targetAccount - the payee account
    amount - amount of payment in XAC
    """
    if sourceAccount.balance.xac >= amount:
        # Source account has enough XAC

        # Move `amount` XAC from the source account to the target account
        sourceAccount.balance.xac -= amount
        targetAccount.balance.xac += amount
    else:
        # Source account doesn't have enough XAC

        # Amount of XAC the payer has
        xacAmount = sourceAccount.balance.xac

        # Amount of XAC needed to complete the payment
        xacToEmit = amount - xacAcount

        # Amount of XAT needed based on system DEX exchange rate
        exchangeRate = DEX.getRate('XAC', 'XAT')
        xatAmount = xacToEmit * exchangeRate

        if sourceAccount.balance.xat >= xatAmount:
            # Move `xacAmount` XAC from the source account to the target account
            sourceAccount.balance.xac -= xacAmount
            targetAccount.balance.xac += xacAmount

            # Burn `xatAmount` XAT from the source account
            sourceAccount.balance.xat -= xatAmount
            System.BLACKHOLE.balance.xat += xatAmount

            # Emit `xacToEmit` XAC and add them to the target account
            targetAccount.balance.xac += xacToEmit

            # Unlock at most `xatAmount` XAT
            toUnlock = min(xatAmount, System.lockedPool.amount)
            if toUnlock > 0:
                System.lockedPool.amount -= toUnlock
                System.unlockedPool.amount += toUnlock
        else:
            raise Exception('not enough tokens')

Examples

Examples are available here