# CommercioKYC

Inside Commercio.network we designed a system to make sure to have a network of trusted participants (Know your customer).

To do so we've implemented a commerciokyc system which allows you to buy a membership by a TSP (Trust Service Provider) to display to everyone that you've been invited by an already verified members to join the network.

# Buying a membership

Memberships can be bought exclusively on chain and exclusively through a TSP. To do so you are required to possess and spend an amount of Commercio Cash Credits (CCC) greater or equal to the price of the membership you wish and request to a TSP to buy it.

# Requirements

In order to buy a membership, the following requirements must be met:

  1. You must have been invited by a user already having a Green membership or superior.
    Please refer to the invitation procedure page for more details on invitations.
  2. You must own a sufficient amount of CCCs to buy a membership or buy it directaly from Trusted Service Provider. Please refer to the proper page to know more about how to get CCCs out of your Commercio Tokens.
  3. You need to transfer the amount of CCCs to your Trusted Service Provider or otherwise let the Trusted Service Provider complete the transaction for you as a service.
  4. Your Trusted Service Provider will purchase the membership for you after proper verification of your identity.

The system will prevent sending an invitation to an account already active on the chain or to an address already invited.

# Buying process

Once you've met all the requirements, you can buy a membership by performing a buying transaction.
After doing so, you will be able to verify your membership status using the membership query feature.

# Invitation process

The invitation process is the first su-process of the accreditation procedure. which allows you to invite a new user to join Commercio.network so that you can later be rewarded if he later buys a membership.

# Requirements

Suppose that you want to invite another user and later receive a reward once he buys a membership. Then, the following requirements must be met:

  • You must already have bought a membership.
  • You must know the user's identity that he has created by following the specific guide.

# Inviting a user

Once all the above requirements have been met, you can invite the user by performing an invitation transaction

Once done, you will be automatically rewarded when the user buys a new membership.

# Membership types

The currently supported memberships and their prices are the following.

TIP

Please note that each price is expressed using Commercio Cash Credit as measurement unit.

Membership Identifier Price
Green green 5
Bronze bronze 25
Silver silver 250
Gold gold 2500
Black black 50000

# Rewards values

The reward value given to you is based on your membership type and the membership that any user you've accreditated buys.

TIP

Please note that each reward is expressed using Commercio Token as measurement unit.

Invitee / Invited Green Bronze Silver Gold Black
Green 0.05 0.5 7.5 100 1'250
Bronze 0.125 1.25 25 375 5'000
Silver 0.5 5 75 1'000 12'500
Gold 2 12.5 150 1'750 20'000
Black 2.5 17.5 200 2'250 25'000

Please note that the number of rewards is capped to a maximum of 12.5 millions tokens. After all the tokens have been distributed, any following invite will not be rewarded anymore.

# Transactions

# Buying a membership

# Transaction message

To buy a membership, the following message must be used:

{
  "type": "commercio/MsgBuyMembership",
  "value": {
    "membership_type": "<membership type identifier>",
    "buyer": "<buyer address>",
    "tsp": "<tsp address>"
  }
}
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# Action type

If you want to list past transactions including this kind of message, you need to use the following message.action value:

buyMembership
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# Sending an invite

# Transaction message

To invite a user, the following message must be used:

{
  "type": "commercio/MsgInviteUser",
  "value": {
    "recipient": "<address of the user to be invited>",
    "sender": "<your address>"
  }
}
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# Action type

If you want to list past transactions including this kind of message, you need to use the following message.action value:

inviteUser
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# Adding a TSP

WARNING

This transaction type is accessible only to the government.
Trying to perform this transaction without being the government will result in an error.

# Transaction message

To recognize an address as a TSP, the following message must be used:

{
  "type": "commercio/MsgAddTsp",
  "value": {
    "tsp": "<address of the user to be recognized as a TSP>",
    "government": "<government address>"
  }
}
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# Action type

If you want to list past transactions including this kind of message, you need to use the following message.action value:

addTsp
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# Removing a TSP

WARNING

This transaction type is accessible only to the government.
Trying to perform this transaction without being the government will result in an error.

# Transaction message

To recognize an address as a TSP, the following message must be used:

{
  "type": "commercio/MsgRemoveTsp",
  "value": {
    "tsp": "<address of the user to be recognized as a TSP>",
    "government": "<government address>"
  }
}
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# Action type

If you want to list past transactions including this kind of message, you need to use the following message.action value:

removeTsp
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# Deposit into reward pool

# Transaction message

To deposit a given amount into the Memberships reward pool, the following message must be used:

{
  "type": "commercio/MsgDepositIntoLiquidityPool",
  "value": {
    "depositor": "<address that deposits into the pool>",
    "amount": [
      {
        "amount": "<amount to be deposited>",
        "denom": "<token denom to be deposited>"        
      }
    ]
  }
}
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# Action type

If you want to list past transactions including this kind of message, you need to use the following message.action value:

depositIntoLiquidityPool
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# Set user membership

WARNING

This transaction type is accessible only to the government.
Trying to perform this transaction without being the government will result in an error.

# Transaction message

To arbitrarily set a user's membership, the following message must be used:

{
  "type": "commercio/MsgSetMembership",
  "value": {
    "government": "<address of the government that sends this message>",
    "subscriber": "<address which membership will change based on this message>",
    "new_membership": "<membership type identifier>"
  }
}
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# Action type

If you want to list past transactions including this kind of message, you need to use the following message.action value:

setMembership
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# Remove user membership

WARNING

This transaction type is accessible only to the government.
Trying to perform this transaction without being the government will result in an error.

# Transaction message

To arbitrarily set a user's membership, the following message must be used:

{
  "type": "commercio/MsgRemoveMembership",
  "value": {
    "government": "<address of the government that sends this message>",
    "subscriber": "<address which membership will change based on this message>"
  }
}
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# Action type

If you want to list past transactions including this kind of message, you need to use the following message.action value:

removeMembership
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# Queries

# Getting current membership invites

# CLI

Get all the all invites:

cncli query commerciokyc invites
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# REST

Endpoints:

/commerciokyc/invites
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# Example

Getting all invites:

http://localhost:1317/commerciokyc/invites
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# Response
{
  "height": "0",
  "result": [
    {
      "sender": "did:com:1l9rr5ck7ed30ny3ex4uj75ezrt03gfp96z7nen",
      "sender_membership": "black",
      "user": "did:com:12p24st9asf394jv04e8sxrl9c384jjqwejv0gf",
      "status": 0
    }
  ]
}
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# Getting the TSP list

# CLI

cncli query commerciokyc trusted-service-providers
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# REST

Endpoints:

/commerciokyc/tsps
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# Example

Getting all TSPs:

http://localhost:1317/commerciokyc/tsps
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# Response
{
  "height": "0",
  "result": [
    "did:com:1l9rr5ck7ed30ny3ex4uj75ezrt03gfp96z7nen"
  ]
}
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# Getting the reward pool funds amount

# CLI

cncli query commerciokyc pool-funds
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# REST

Endpoints:

/commerciokyc/pool-funds
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# Example

Getting the reward pool funds amount:

http://localhost:1317/commerciokyc/accreditations-funds
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# Response
{
  "height": "0",
  "result": [
    {
      "denom": "ucommercio",
      "amount": "9999899990000"
    }
  ]
}
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# Getting user membership

# CLI

cncli query commerciokyc membership [user]
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# REST

Endpoints:

/commerciokyc/membership/{address}
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Parameters:

Parameter Description
address Address of the user for which to read membership
# Example

Getting the reward pool funds amount:

http://localhost:1317/commerciokyc/membership/did:com:1l9rr5ck7ed30ny3ex4uj75ezrt03gfp96z7nen
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# Response
{
  "height": "0",
  "result": {
    "user": "did:com:1l9rr5ck7ed30ny3ex4uj75ezrt03gfp96z7nen",
    "tsp_address" : "did:com:1l9rr5ck7ed30ny3ex4uj75ezrt03gfp96z7nen",
    "membership_type": "black",
    "expiry_at" : "2022-03-21T00:00:00Z"

}
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# Getting all memberships

# CLI

cncli query commerciokyc memberships
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# REST

Endpoints:

/commerciokyc/memberships
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# Example

Getting the reward pool funds amount:

http://localhost:1317/commerciokyc/memberships
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# Response
{
  "height": "0",
  "result": [
    {
      "user": "did:com:1l9rr5ck7ed30ny3ex4uj75ezrt03gfp96z7nen",
      "tsp_address" : "did:com:1l9rr5ck7ed30ny3ex4uj75ezrt03gfp96z7nen",
      "membership_type": "black",
      "expiry_at" : "2022-03-21T00:00:00Z"
    }
  ]
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# Getting all memberships sold by tsp

# CLI

cncli query commerciokyc sold [tsp-address]
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# REST

Endpoints:

/commerciokyc/sold/{address}
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Parameters:

Parameter Description
address Address of the user for which to read membership
# Example

Getting the reward pool funds amount:

http://localhost:1317/commerciokyc/sold/did:com:1l9rr5ck7ed30ny3ex4uj75ezrt03gfp96z7nen
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# Response
{
  "height": "0",
  "result": [
    {
      "user": "did:com:1l9rr5ck7ed30ny3ex4uj75ezrt03gfp96z7nen",
      "tsp_address" : "did:com:1l9rr5ck7ed30ny3ex4uj75ezrt03gfp96z7nen",
      "membership_type": "black",
      "expiry_at" : "2022-03-21T00:00:00Z"
    }
  ]
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