Roulette or Carosel?

Join us today! Get paid by "Remixed" blockchain smart contract xoxo

Are we rewarded based on merits at work?

Story: Our company is recently founded with three members. We are creating ethereum smart contract to democratize payment system, increase transparency and automate tax filing procedures.

Profits are distributed following a "trilogy" schedule as described below:

Level 1: equally among employees

Level 2: based on tiers

Level 3: how long members hanging with us

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Kovan Transaction for Level-One Contract: EQUAL SPLIT

Note: CEO, CTO and Bob each get a third of 0.1 ETH, in other words, 0.0333 ETH based on the contract.

See Tiered Transaction on Kovan of 0.3 ETH from HR (click me)

Kovan Transaction Records

Ropsten Transaction for Level-Two Contract: Tiered Distribution

Note: CEO gets 60% of 0.15 ETH, i.e. 0.09 ETH; CTO gets 25% of 0.15 ETH, thus 0.0375 ETH; and Bob gets 15% of 0.15 ETH, or 0.0225 ETH.

See Equal-Split Transaction on Ropsten of 0.03 ETH from HR (click me)

Ropsten Transaction Records

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Initial Balances on Ganache

Human Resources Account Address

HR: 0x8EaaBB9Fc753df2C50F0b01E99b4e0F1f2d970A6

Account Addresses for Members

CEO: 0x0616d31438078849D3bf66591855B3D3239a9E5c

CTO: 0x5DBaBe19DD1fedba1B20047059DCd755D8221BF7

Bob: 0x3e9D41Ec700b98C773f2599052a3590931bEa98c

Lauch Ganache on Localhost: 8545

Balances View on Ganache

Note: Three member addresses (the first three) followed by HR address (the fourth).

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TYPES OF CONTRACTS

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Level-One: EQUAL SPLIT

Goal: Distribute profits evenly among members.

AssociateProfitSplitter

Step 1: Deploy

• A green check mark should appear should the process be successful

Step 2: Compile

• Choose Injected Web3 for ENVIRONMENT
  • Route to local network as Ganache
• Keep 0 for VALUE
• Enter the three member addresses
• Confirm on MetaMask Notification
  • Make sure MetaMask is hooked onto Localhost 8545

Step 3: Deposit

• Change the VALUE to 12 ether
• Click on the red deposit button under Deployed Contracts and confirm MetaMask notification

View Transactions: Relaunch Ganache

• Balance on each of the three accounts increased by approximately 4 ether, which is provided by 12 ETH divided by 3
• HR Account, fourth from the top, has its balance dropped by approximately 12 ETH
  • adjusted by gas fees

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Level-Two: RANK-BASED SHARING

There is always another door! Let's climb. Shall we?

Goal: Distribute profits to different tiers of employees.

TieredProfitSplitter

Step 1: Deploy

• A green check mark accompanies a successful deployment
  • Confirmation on Remix

Step 2: Compile

• Choose Injected Web3 for ENVIRONMENT
  • Route to local network as Ganache
• Keep 0 for VALUE
• Enter the three member addresses
• Confirm on MetaMask Notification
  • Make sure MetaMask is hooked onto Localhost 8545

Step 3: Deposit

• Ganache View pre-distribution

  • A drop of 0.01 ETH from prior balance of 97.99 ETH for HR Account due to gas fee on deployment

• Change the VALUE to 10 ether, click on the deposit button under the second Deployed Contracts for tiered distribution schedule and confirm the notification on MetaMask

View Tiered Distributions: Relaunch Ganache

• Based on the 60-25-15 plus remainder schedule, balances on the three accounts increased by approximately

  • CEO: 60% * 10 = 6 ETH
    • from 128.42 to 134.42 ether
  • CTO: 25% * 10 = 2.5 ETH
    • from 130.66 to 133.16 ether
  • Bob: 15% * 10 = 1.5 ETH
    • from 65.63 to 67.13 ether

• HR Account, fourth from the top, has its balance dropped by 10 ether

  • from 74.86 to 64.85 ether

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Level-Three: VESTED SHARES

THANK YOU for Hanging with Us!

Goal: Distribute company shares for employees in a "deferred equity incentive plan" automatically.

DeferredEquityPlan

Deploy and Compile!

For a 100-day fastforward test contract: fakenow variable and fastforward function are created.

   /* @TODO: Test contract via fakenow variable
    uint fakenow = now;
    
       @TODO: Add this function to "fast forward" time by 100 days
    function fastforward() public {
    fakenow += 100 days;
}
*/

View Functions: Relaunch Ganache

The balance on HR Account decreased by 0.01 ether for gas fee on deployment.

Next Steps

To view transactions on Kovan EtherScan

Switch MetaMask from Localhost 8545 to Kovan and Ropsten Test Network

Option 1: Kovan or Ropsten Testnet

See screenshots at the beginning for confirmations

Need to fund HR account at the following address

HR: 0x8EaaBB9Fc753df2C50F0b01E99b4e0F1f2d970A6

Sample testcoin funding on Kovan

Then, follow the same process as on localhost:8545 to distribute to three different addresses for CEO, CTO and Bob.

Option 2 Coming up: Customized Ethereum Testnet

Again, need to run nodes to fund crypto account by connecting to customized network on MyCrypto Wallet.

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Files

• Level-One: Equal-Split

• Level-Two: Rank-based Sharing

• Level-Three: Vested Shares

• Kovan Transactions

• Ropsten Transactions

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References

• Columbia University Fintech Gitlab Repository
• http://remix.ethereum.org/
• https://www.trufflesuite.com/ganache
• https://mycrypto.com/
• https://metamask.io/