khuranaharshit/dividtract

Coin that pays dividends to holders.

Dividtract (Divident Payout Contract)

This is a pet project for getting hands on with SmartContracts development. And may never see the light of day.

UseCase

• The intent of this contract is to payout dividends to it's investors (A hypothetical set of people).
  • This can be further generalised to all the shareholders in an organisation.
• The Profit made by an organisation can be transferred to this Contract account & will further be paid out as dividends to all investors.

Functionalities

• Dividend payout will be triggered as soon as Profits are added to the contract.

• Once a dividend is paid out, emit an event for the subscribers to make aware of the transaction.

• addProfits(uint64 profit) public

  • The profits made by an organisation can be depositted in this account by using this method, which will further be paid out as dividends.

• addMember(uint16 member_id) onlyOwner

  • Only the contract owner can add a member to the table, contingent upon the BoardTable not being full already.

• registerMember(uint16 member_id, unit64 investment)

  • Once the contract owner has added a member, the member needs to register themeselves by paying in a deposit amount called investment. (no min/max limit on investment)
  • The dividends received by the member will be proportionate to their investment.
  • Dividends can only be paid out to registered members.

• KickoutMember(uint16 member_id) onlyOwner

  • Only the owner of the contract can kickout a member from the BoardTable.

• ResignFromBoard(uint16 member_id)

  • Allows a member to resign from the board and make room for new member.

Note:

• Ir-respective of whether the investor was kicked out or they themselves resigned, their initial investment will be refunded to their address.
• Currency for this contract is Ethereum.