PayRoot is a decentralized system designed to automate employee compensation and customer investment using Taproot Assets on the Bitcoin blockchain. It leverages advanced blockchain infrastructure, automation bots, and decentralized storage to deliver a seamless, transparent, and efficient ecosystem for organizations, employees, and customers.
Traditional systems for managing payroll and customer investments are slow, error-prone, and lack transparency. Manual processes delay employee payments and complicate customer engagement, making profit-sharing inefficient. In a decentralized economy, these challenges hinder innovation and scalability.
PayRoot solves these issues with an integrated approach powered by Lightning Bot and Taproot Assets:
- Automated Payroll: Real-time compensation based on sprint completions using tokenized rewards via the Lightning Network.
- Decentralized Investment: Customers invest in Taproot Assets and redeem dividends through a transparent, automated model.
- Enhanced Efficiency: Seamless integration with Discord, JIRA, and Lightning Network to streamline operations and improve scalability.
- Flow: Admin creates a JIRA sprint ➝ New users join ➝ Lightning Bot sets up wallets ➝ Sprint completes ➝ Webhook triggers automated payment.
- Impact: Ensures timely, automated payments with minimal overhead.
- Flow: Organization issues Taproot Asset ➝ Customers purchase ➝ Profits announced ➝ Users redeem dividends via Discord ➝ Lightning Bot updates wallet.
- Impact: Enables a decentralized, trustless investment model with profit-sharing.
| Command | Description |
|---|---|
/announce-dividend |
Admin announces dividends |
/auto-sprint-paymnet |
Triggers auto-payment after sprint completion |
/buy-normal-asset |
Purchase Taproot Assets |
/check-normal-asset-balance |
View all Taproot Assets owned |
/check-sats-balance |
Check wallet balance |
/create-normal-asset |
Admin creates new Taproot Asset |
/create-sats-invoice |
Create invoice for wallet |
/withdraw-sats |
Withdraw sats to external wallet |
/check-my-asset-balance |
View personal asset balance |
/redeem-dividend |
Redeem dividend (API in progress) |
- Blockchain: Bitcoin (Taproot Assets)
- Payments: Lightning Network + LNBits
- Bot Automation: Lightning Bot (custom built)
- Cloud Infrastructure: Voltage Cloud
- Communication & UI: Discord
- Sprint Management: JIRA
- Taproot API integration was complex and unstable.
- Designing a scalable architecture posed significant hurdles.
- Bitcoin’s latency affects asset confirmation speeds.
- Dividend redemption API is incomplete due to time constraints.
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Clone the repository
git clone https://github.com/mktetts/PayRoot.git -
Navigate to the bot directory
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Install uv package manager
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Sync dependencies
uv sync -
Create
.envfile using.env.exampleand fill in all variables -
Start the bot
python main.py