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Spayce

Spayce offers a decentralized payment platform for group subscriptions. Share costs like Netflix & save up to 80%. Utilizing blockchain & multisig contracts, we ensure secure, organized payments without the need to chase friends. Experience seamless web3 transactions with Spayce.

Spayce

Created At

Superhack

Project Description

Overview: In today's digital era, subscriptions are the heart of many online services, from streaming platforms like Netflix to software tools and beyond. While these services offer incredible value, the cost often feels disproportionate for individual users. Spayce is a revolutionary platform designed to bridge this gap, empowering users to collaboratively purchase and manage subscriptions while ensuring a secure, transparent payment process with crypto.

The Problem:

Many subscription services come with a price tag that feels steep for individual users. Sharing subscriptions with friends or family can often lead to payment disputes or imbalances. Relying on one individual to manage and pay for a group subscription poses risks and inconvenience.

The Spayce Solution:

  • Gather the Crew: Spayce's unique algorithm connects like-minded users interested in sharing a specific subscription, making it easy to form a group.
  • Decentralized Payments: With the introduction of multisignature wallets, Spayce ensures that each user's payment is secure and transparent. Every participant becomes an equal owner of the group's funds, eliminating the common challenges associated with a single payer system.
  • Organized and Automated Payment: Payments are streamlined and organized, ensuring that each group member pays their share on time, without having to rely on one person to handle all the finances.
  • Significant Savings: By sharing a subscription, users can enjoy their favorite services at a fraction of the cost, sometimes up to an 80% discount!

Technical Highlights:

  • Web3 Integration: Spayce leverages the power of blockchain technology, ensuring that transactions are seamless, secure, and intuitive.
  • Base Foundation: By building on a trusted platform like Base, Spayce guarantees safety and reliability for its users.
  • Safety Ensured by Safe: Additional layers of security are provided, ensuring that users' funds and information remain untouchable.

Who is Spayce for? From college students looking to share a streaming service to professionals eyeing an expensive software tool, Spayce is for anyone and everyone seeking to get the most value out of their subscriptions.

How it's Made

Technology Stack & Design Choices

Our decision to utilize OPStack on the L2 Base network played a pivotal role in Spayce's efficient functioning. This integration not only supercharged the platform's performance but also dramatically reduced operational costs. The L2 Base network offers scalability and reduced transaction fees, both of which are essential for a platform that manages multiple subscription payments.

Authentication & User Experience

One of the major challenges in today's decentralized applications is ensuring a user-friendly onboarding and authentication process. To address this, we integrated the Auth kit from Safe SDK. This allowed us to provide a dual authentication system. While the decentralized enthusiasts could continue using their web3 wallets, others who are more accustomed to traditional authentication methods could use OAuth2. This flexibility ensures that Spayce is accessible and user-friendly for a broader audience, irrespective of their familiarity with blockchain.

Sponsor Technologies

Base Chain: As our underlying blockchain, the Base Chain provided a robust foundation ensuring security and seamless transactions. Given its reputation for stability, it was a natural choice for a platform like Spayce, where financial transactions are frequent.

Safe SDK: Apart from the Auth kit, we leveraged multiple components of the Safe SDK. It was instrumental in ensuring our platform's seamless integration with wallets, efficient relay of transactions, and a smooth onboarding experience for new users. The modular nature of Safe SDK allowed us to pick and choose the kits that best suited our needs, making our development process streamlined and efficient.

Notable Hacks & Innovations

In the development journey of Spayce, our team constantly found ways to innovate and adapt. The unique blending of traditional OAuth2 authentication with web3 wallets, while might seem straightforward, required some intricate backend maneuvering to ensure both systems worked in harmony.

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