Question 1

What is license procurement in OCTL?

Accepted Answer

License procurement in the Open Compensation Token License (OCTL) ecosystem allows you to purchase a license for a GitHub project that has been registered with OCTL. This process compensates the project maintainers fairly for their work through blockchain-based royalty payments.

Question 2

How do I procure a license for a GitHub project?

Accepted Answer

First, connect your MetaMask wallet to authenticate. Then enter either the GitHub URL of the project or its unique Project Identifier (x-octl-sid). The system will find the project details and calculate the license cost. After reviewing the details, you can complete the procurement by confirming the transaction in MetaMask.

Question 3

What blockchain does OCTL use for license procurement?

Accepted Answer

OCTL uses the Arbitrum network, which offers lower gas fees and faster transactions compared to the Ethereum mainnet. You will need a small amount of ETH on Arbitrum to complete the transaction.

Question 4

How much does it cost to procure a license?

Accepted Answer

The license cost is calculated based on the project's registered working hours and other factors. The system will display the exact cost in ETH and USD equivalent before you confirm the transaction. Additionally, you'll need to pay a small gas fee for the blockchain transaction.

Question 5

What happens after I procure a license?

Accepted Answer

After successfully procuring a license, you'll receive a unique license ID that proves your right to use the project under the terms of the Open Compensation Token License. This transaction is recorded on the blockchain, and you can view your purchased licenses in the 'My Procurements' section.

Question 6

Can I procure multiple licenses for the same project?

Accepted Answer

Yes, you can procure multiple licenses for the same project if you need to use it in multiple applications or contexts. Each license procurement is a separate transaction and will be recorded individually on the blockchain.

Question 7

How do I find a project's unique identifier (x-octl-sid)?

Accepted Answer

The Project Identifier (x-octl-sid) can be found in the project's source code files as a comment, or on the project's GitHub page if the maintainer has added it there. You can also search for the project using its GitHub URL in the procurement interface.

Question 8

What are the contract addresses for OCTL on Arbitrum?

Accepted Answer

On Arbitrum One: OCTL Project Donation Royalty address is 0xf9f943202809545CDd8dcD95b8bBb314f7f8ee85, and the Licenseable Contributions contract address is 0x57178e4438E066625AfE641c3BadC76e0ff0C3b5.

Question 9

Where can I get support if I have questions about license procurement?

Accepted Answer

For support or questions about license procurement, you can contact support@license-token.com. Additional resources include the OCTL whitepaper and contract documentation available at https://github.com/open-compensation-token-license/octl.

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How the Procurement Process Works

Step 1: Connect Your Wallet

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Smart Contract Addresses

Arbitrum One Network

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