Blosent Protocol Documentation

Problem

Basically, a blockchain transaction doesn't allow you to schedule automatic payments.

Solution

Deploy a smart contract and let someone else initiate the transaction.

How it works

1. You deploy a smart contract that specifies the recipient, amount, and interval;
2. You deposit a token to be sent to the recipient and some coins to incentivize the third party to initiate the transaction;
3. When the condition is met, the third party initiates a transaction that will send a predetermined amount from your smart contract to the recipient, the performer gets some incentive.

See also