BitBadges
  • Overview
    • ๐Ÿ‘‹BitBadges Overview
    • ๐Ÿ‘จโ€๐Ÿ’ปLearn the Basics
      • BitBadges Claims
      • Multi-Chain Accounts
      • Sign In with BitBadges
      • Badges
      • Address Lists
      • Attestations
      • Applications (Points)
      • Additional Badge Concepts
        • Manager
        • Total Supplys
        • Time-Dependent Ownership
        • Transferability
        • Balances Types
      • Wallets and Sign Ins
        • Supported Wallets
        • Alternate Sign Ins / Mobile
        • Approved Transactors
    • ๐Ÿ”จGetting Started
    • ๐Ÿ’ปHow Do I Check...?
    • ๐Ÿ”How Do I Gate...?
    • ๐ŸŽจUse Cases
    • ๐Ÿ”—Official Links and Resources
    • โš–๏ธBitBadges L1 vs Others
    • ๐Ÿช™Launch Phases
    • ๐ŸŒดEcosystem
      • WordPress Plugin
      • MetaMask Snap
      • Browser Extensions
      • LinkedIn Certifications
      • Blockin
    • ๐ŸคBrand Guidelines
    • โ“FAQ
  • โŒจ๏ธFor Developers
    • ๐Ÿšดโ€โ™‚๏ธGetting Started
    • ๐Ÿ‘คHandling Addresses
    • ๐ŸงชTestnet Mode
    • ๐Ÿ“šBitBadges API
      • Getting Started
      • Full Reference
      • Typed SDK Types
      • Upgrading an API Key Tier
      • Concepts
        • Native Chain Algorithm
        • Refresh / Claim Completion Queue
        • Designing for Compatibility
        • Limits / Restrictions
        • Managing Views
        • Use via Pipedream
    • ๐Ÿ–ฑ๏ธSign In with BitBadges
      • Overview
      • Already Have Web3 Auth?
      • Alternative - P2P Verification
      • Templates and Frameworks
        • WordPress
        • Auth0
        • ExpressJS
        • Discourse
        • Supabase
        • Others
      • Setting Up an App
      • Connecting a Claim
      • Authorization URL
        • Configuration
        • Generating the URL
      • Approaches
        • QR Codes
        • Redirect Callback
      • Verification
        • Verification Flow
        • Access Tokens
        • Offline Verification
        • Security Considerations
      • Blockin Docs
    • ๐Ÿ—๏ธBitBadges Claims
      • Overview
      • Concepts
        • Standard vs On-Demand
        • Completion Methods
        • Gating Badge Distribution
        • Claim Numbers
        • Success Logic
        • Claim Links (URLs)
        • Signed In vs Select Address
        • Universal Approach - Claim Codes
        • Identify By Socials / Emails?
        • Payment Checking
        • Receiving Attestations
      • Checking Custom Criteria
      • Implementing Custom Utility
      • Leveraging AI
      • BitBadges API & Claims
        • Verifying Claim Attempts w/ the API
        • Fetching Claims
        • Auto-Complete Claims w/ BitBadges API
      • Dynamic Stores
        • Overview
        • Adding Data
      • Custom Plugins / Webhooks
        • Overview
        • Pre-Built Webhook Plugins
        • Creating a Custom Plugin
          • Implement Your Plugin
            • Getting Started
            • Hook Types and Simulations
            • Design Considerations
            • Parameters
            • Custom Inputs
            • API Handler
          • Managing Your Plugin
          • Testing Your Plugin
        • Configuration Tools
      • Integrate with Zapier
        • Overview
        • Dynamic Store Zaps
        • Automatic Claim Tutorial
        • Post-Success Zaps
        • Leveraging Zapier AI Actions / MCP
        • Automate Any Part of the Process
          • Google Forms
      • Integrate with Pipedream
        • Overview
        • Leveraging Pipedream MCP
        • Build Custom Plugins
        • Workflow Actions
          • Complete Claim
          • Get Claim Attempt Status
          • Get Claim Code by Idx
          • Add User to Dynamic Store
        • Workflow Triggers
          • Poll Claim Attempts
        • End to End Example
      • In-Site Plugins
        • Plugins Directory
        • Plugin Documentation
        • Ownership Requirements
      • Tutorials
        • In-Site Guides
        • Get Integration User IDs
          • Get Discord User ID
          • Get Discord Server ID
          • X / Twitch / GitHub IDs
        • Add Telegram Bot to Channel
    • โš’๏ธBitBadges JS / SDK
      • Overview
      • SDK Types
      • Common Snippets
        • Address Conversions
        • NumberType Conversions
        • Uint Ranges
        • Balances
        • Transfers
        • Address Lists
        • Badge Metadata
        • Approvals / Transferability
        • Off-Chain Balances
        • Timelines
    • ๐ŸŒŸBadges - Advanced
      • Overview
      • Balances / Transfers
        • ๐Ÿ“ŠBalances
        • โž•Valid Badge IDs
        • ๐Ÿช™Balance Types
        • ๐ŸคTransferability / Approvals
        • โœ…Approval Criteria
          • Overview
          • $BADGE Transfers
          • Override User Level Approvals
          • Approval Trackers
          • Tallied Approval Amounts
          • Max Number of Transfers
          • Predetermined Balances
          • Requires
          • Merkle Challenges
          • Extending the Approval (Advanced)
      • Self-Hosted Balances
        • Overview
        • Examples / Tutorials
          • Indexed
          • Non-Indexed
      • Permissions
        • Overview
        • Action Permission
        • Timed Update Permission
        • Timed Update With Badge Ids Permission
        • Badge IDs Action Permission
        • Update Approval Permission
      • Standards
      • Archived Collections
      • Metadata
      • Timelines
      • Different Time Fields
      • List IDs
      • Uint Ranges
    • โ›“๏ธBitBadges Blockchain
      • Overview
      • Chain Details
      • REST API Docs - Node
      • Staking / Validators
      • Run a Node
        • Overview
        • Run a Mainnet Node
        • Run a Local Dev Node
        • Cosmovisor
      • Create a Smart Contract
      • ๐Ÿ”ƒCreate, Generate, and Sign Txs
        • Transaction Context
        • Generate Msg Contents
        • Signing - Cosmos
        • Signing - Ethereum
        • Signing - Solana
        • Signing - Bitcoin
        • Broadcast to a Node
        • Sign + Broadcast - bitbadges.io
      • ๐Ÿ“ฉCosmos SDK Msgs
        • x/anchor
          • MsgAddCustomData
        • x/badges
          • MsgCreateCollection
          • MsgUpdateCollection
          • MsgDeleteCollection
          • MsgCreateAddressLists
          • MsgTransferBadges
          • MsgUpdateUserApprovals
          • MsgUniversalUpdateCollection
        • x/wasmx
          • MsgStoreCodeCompat
          • MsgInstantiateContractCompat
          • MsgExecuteContractCompat
        • x/maps
          • MsgCreateMap
          • MsgUpdateMap
          • MsgDeleteMap
          • MsgSetValue
        • MsgSend
        • Cosmos Native Msgs
    • ๐Ÿง Other Concepts
      • Uint Ranges
      • Accounts (Low-Level)
      • Address Lists
      • Maps / Protocols
      • Attestations - Advanced
        • Overview
        • Creating an Attestation
        • Custom Creation Links
        • Proofs vs Attestations
        • Deriving a Proof
        • Design Considerations
        • Verification / Presentations
        • Custom Schemes
          • WITNESS Proofs
Powered by GitBook
On this page
  • Balance Components
  • Example of Ownership Structure
  • Advantages of the Ownership System
  • Usage Examples
  1. Overview
  2. Learn the Basics
  3. Additional Badge Concepts

Time-Dependent Ownership

PreviousTotal SupplysNextTransferability

Last updated 2 months ago

Typically, you may think of a balance in two parts: what you own and the amount you own (x10 of Badge IDs 1-199). BitBadges introduces a third part: ownership times.

For example, Bob owns x10 of Badge IDs 1-100 from January to March but x5 from March-December.

Balance Components

  1. Badge IDs: This refers to which badges in your possession.

  2. Badge Quantity / Amount: This refers to how much of each badge you own.

  3. Ownership Times: A time-based framework that governs the periods during which you possess specific badge quantities.

Example of Ownership Structure

Consider Bob's ownership structure as an illustrative example:

Bob initially owns x10 of Badge IDs 1-100 from January to March. Subsequently, his ownership transitions to x5 of Badge IDs 1-100 from March to December.

Advantages of the Ownership System

This ownership system brings forth several compelling benefits:

Subscription Tokens

By leveraging this system, the transfer of tokens designated for subscriptions becomes seamless. Auto-expiring tokens can be transferred without necessitating the revocation of permissions or initiating blockchain transactions.

Token Unlocks

Numerous projects feature stock or token unlock schedules that primarily rely on trust, rather than code-enforced mechanisms. This ownership framework empowers users to define and implement token unlock schedules natively, enhancing security and accountability.

Lending Mechanism

The ownership times concept facilitates badge lending for specified durations without the need for escrow services. Users can temporarily transfer their badges while retaining the ability to reclaim them after the designated timeframe.

Usage Examples

To elucidate the functioning of this ownership system, let's delve into practical scenarios.

Starting Balance: Bob owns x10 of Badge IDs 1-100 from January to March.

Example 1: Bob's Transfer to Alice

  • Bob transfers x10 of Badge IDs 1-100 from January to February to Alice.

  • Result: Bob's ownership persists as x10 of Badge IDs 1-100 from February to March, while Alice becomes the owner of x10 of Badge IDs 1-100 from January to February.

Example 2: Bob's Partial Transfer to Alice

  • Bob transfers x5 of Badge IDs 1-100 from January to March to Alice.

  • Result: Both Bob and Alice now possess x5 of Badge IDs 1-100 during the January to March period.

Example 3: Complex Transfer Scenario

  • Bob transfers x10 of Badge IDs 1-50 from January to February to Alice.

  • Result: Bob retains ownership of x10 of Badge IDs 1-50 from February to March, and additionally, x10 of Badge IDs 50-100 from January to March. Meanwhile, Alice owns x10 of Badge IDs 1-50 from January to February.

Incorporating time-based ownership into the conventional badge ownership paradigm introduces enhanced flexibility, security, and functionality, enabling various usage scenarios that would otherwise be challenging to achieve.

๐Ÿ‘จโ€๐Ÿ’ป