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Products explained

Learn how products work on Radom.

What is a product?​

Products are goods and services you offer to your customers.

  • As an e-commerce store, you can sell one product at a time, such as a pair of black trousers.
  • As a SaaS platform, you can support tiers for products, such as charging on a monthly or yearly basis.
  • If you're an API provider, you can sell access on a usage-basis, and automate billing at the end of every month.

Examples of products:

  • Product A
    • $10
    • Black trousers
    • E-Commerce Store
    • One-time pricing
  • Product B
    • $50 / month
    • Premium plan
    • SaaS platform
    • Tiered pricing
  • Product C
    • $20 / 1,000 requests
    • Basic plan
    • API
    • Usage-based pricing

Each product has a unique product ID and is created as a record on the blockchain.

What is a price?​

Prices don't simply encompass the amount your customers will have to pay.

Prices include additional information, such as accepted tokens, the chain the product is being created on, and charging intervals for subscriptions.

What is a token?​

Tokens are digital assets that exist on top of a blockchain which has a native cryptocurrency.

Radom supports a series of stablecoins and non-pegged tokens for payment.

You can add any of the available tokens to your product as a currency option on checkout. What is a charging interval? A charging interval is simply the fixed regular time customers will be charged for a product. You can set your charging interval to be; daily, weekly, monthly and yearly.