{"id":1808,"date":"2022-06-27T13:20:49","date_gmt":"2022-06-27T13:20:49","guid":{"rendered":"https:\/\/unlock-guides.flywheelstaging.com\/?p=1808"},"modified":"2024-06-28T23:22:28","modified_gmt":"2024-06-28T23:22:28","slug":"using-a-custom-currency","status":"publish","type":"post","link":"https:\/\/unlock-protocol.com\/guides\/using-a-custom-currency\/","title":{"rendered":"Using a Custom Currency"},"content":{"rendered":"\n

Subscriptions, memberships, and event tickets created using Unlock Protocol can be priced in any currency that supports the ERC-20 token specification. This means that any subscription, membership, or event ticket can be priced in a stablecoin such as USDC, a community coin such as $DEGEN, or a memecoin such as $BOOMER.<\/p>\n\n\n\n

For example, let’s walk through an example of an event using Unlock Protocol that wanted to price its onchain tickets using $DEGEN on Base.<\/p>\n\n\n\n

The first thing the project would need to do would be to look up the contract address for the $DEGEN ERC-20 on Base. Looking up $DEGEN on Coingecko shows the contract address for $DEGEN is 0x4ed4e862860bed51a9570b96d89af5e1b0efefed<\/code>.<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

<\/p>\n\n\n\n

The address can be double-checked by way of block explorers as well, in this case at https:\/\/basescan.org\/address\/0x4ed4e862860bed51a9570b96d89af5e1b0efefed<\/a>.<\/p>\n\n\n\n

Once the contract address of the ERC-20 currency is known, you can use the Unlock Labs dashboard to set the currency and price for the ticket.<\/p>\n\n\n\n

In this instance, to set up a smart contract priced in $DEGEN with Unlock Protocol, the event organizer would deploy a smart contract on Base and use the $DEGEN ERC-20 for pricing using the $DEGEN token (0x4ed4e862860bed51a9570b96d89af5e1b0efefed<\/a>). It will now show its price in $DEGEN.<\/p>\n\n\n\n

Here\u2019s what it looks like in practice. It takes about a minute to set up.<\/p>\n\n\n\n

\n