5.1 Smart Contract based FingeRate Protocol
FingeRate’s Native token (ERC-20[1]) MSOT & NFT token (ERC-721[2]) SOT both have its respective smart contracts deployed in the Ethereum main net. Deploying on the Ethereum ensures scalability as we expand our business in the future. Besides, the SoT Renting Smart Contract tackles the survey requests autonomously until the delivery of the survey results and the Profit Distribution Smart Contract distributes the share of the profit generated by the SOTs to the SOT owners. These smart contracts combined forms the FingeRate Protocol.
[1] ERC-20 is the standard for Fungible Tokens on the Ethereum Main net.
[2] ERC721 is the standard for Non-Fungible Tokens on the Ethereum Main net.
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