Tradable Subscriptions

Because the ownership of a subscription is represented with a token, it turns them into assets that are tradable on open markets.

This not only allows for the simple transfer of a subscription if someone wants to gift it to a friend, but it also allows the ability to sell a subscription for a different duration than the original services' configuration, e.g. if you paid for a month-long subscription and after 20 days you no longer care for it, you could sell it to someone who might be looking for a 10-day trial for cheaper.

This has the potential to be a new derivatives-esque primitive where the time a subscription is held influences the value of the asset. You can imagine that there could emerge arbitrage opportunities and interesting dynamics for these markets, such as if a $5/month subscription has been held for 15 days, and someone is selling for more/less than $2.50, or if supply of accepted subscriptions is limited by a service, a subscription may actually go up in value as time-held increases. In the future we hope to find ways to integrate Buoyant with products like Serum and other DeFi protocols to see these ideas come to life.

Tradability is a particularly compelling narrative for Buoyant as it's a valuable use case for consumers as well as traders, and it's something that's made practical only by the power of a low-cost blockchain network.