ERC-948

ERC-948 is an Ethereum token protocol standard specifically designed to facilitate subscription-based and recurring payment models on the blockchain. The standard enables developers to create contracts where token holders or users set up automatic, periodic payments denominated in ERC tokens, streamlining recurring revenue applications without requiring manual transaction repetition. ERC-948 includes mechanisms for payment authorization, frequency specifications, and cancellation rights, providing a framework that adapts traditional subscription payment infrastructure to decentralized systems while maintaining user control and transparency about recurring charges. Example: Gitcoin developed subscription features leveraging ERC-948-like mechanisms to enable creators and developers to receive continuous funding through recurring token payments from supporters, demonstrating sustainable funding models for open-source blockchain projects. Why it matters for tokenomics: ERC-948 unlocks new business models for blockchain projects by enabling predictable, recurring revenue streams without intermediaries. This standard facilitates tokenized SaaS platforms, DAO memberships, and creator economies while providing users transparent, on-chain control over subscription parameters and automatic payments.

Category: tokenomics, smart contracts

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