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Create A Crowdsale Contract In Ethereum

Create A Crowdsale Contract In Ethereum

Raising funds from friends without a third party Sometimes a good idea takes a lot of funds and collective effort. You could ask for donations, but donors prefer to give to projects they are more certain will get traction and proper funding. This is an example where a crowdfunding would be ideal: you set up a goal and a deadline for reaching it. If you miss your goal, the donations are returned, therefore reducing the risk for donors. Since the code is open and auditable, there is no need for a centralized, trusted platform and therefore the only fees everyone will pay are just the gas fees. In this example we will make a better crowdfunding by solving two important problems: how rewards are managed and kept, and how the money is spent after the funds are raised. Rewards in crowdfundings are usually handled by a central unchangeable database that keeps track of all donors: anyone who missed the deadline for the campaign cannot get in anymore and any donor who changed their mind can't get out. Instead we are going to do this the decentralized way and just create a token to keep track of rewards, anyone who contributes gets a token that they can trade, sell or keep for later. When the time comes to give the physical reward the producer only needs to exchange the tokens for real products. Donors get to keep their tokens, even if the project doesn't achieve its goals, as a souvenir. Also, generally those who are funding can't have any say on how the money is spent after the funds are raised and mismanagement often causes projects never to deliver anything at all. In this project we will use a Democratic Organization that will have to approve any money coming out of the system. This is often called a crowdsale or crowd equity and is so fundamental that in some cases the tok Continue reading >>

Useless Ethereum Token

Useless Ethereum Token

The world's first 100% honest Ethereum ICO. You're going to give some random person on the internet money, and they're going to take it and go buy stuff with it. Probably electronics, to be honest. Maybe even a big-screen television. Let's be honesteveryone's tired of ICOs. They get hyped up for weeks, and then they launch and clog up the Ethereum network for days, Coinbase goes down for a while, and then investors see the new tokens lose most of their value. This ICO is going to be different. The UET ICO transparently offers investors no value, so there will be no expectation of gains. No gains means few investors, few investors means few transactions, and few transactions means no Ethereum network lagnot to mention no depressing posts on /r/ethtrader about people losing all their savings! I learned all about Ethereum smart contracts and Solidity over a weekend so I could launch this ICO. Most of the smart contract contract code is copied from GitHub and Stack Overflow posts, so it should be pretty much right right? Also, I definitely didn't have any smart contract experts look at the contract before I launched it. I mean, why bother? All the other ICOs go through weeks of auditing and they still end up with bugs and vulnerabilities in their contracts. Unlike with every other token sale on the market, I can guarantee here and now that the value of UET will not (in fact, can not) reduce during or after the ICO. Since these tokens aren't worth anything to start with, there's nowhere to go but up! But rememberthis is a completely honest ICO, which means I don't want anyone to mistakenly expect the value of the tokens to go up, either. They're called Useless Ethereum Tokens for a reason. The UET crowdsale has finished. Thanks to everyone who contributed! (Regardless of th Continue reading >>

Ico Help: Heres How To Create Your Ethereumwallet

Ico Help: Heres How To Create Your Ethereumwallet

We are creating a alternative to your daily banking habits. Fresh investing experience, blockchain banking services for crypto currency for the better living. ICO Help: Heres How to Create your EthereumWallet Growing number of people recognize that one of the best ways to invest in cryptocurrency is by participating in Initial Coin Offerings, a.k.a. ICOs. However, one barrier that stops people from investing is unfamiliarity with the ICO process. At a glance, funding your favorite project though ICO might look complicated. However, once you get there, it will be a piece of cake. This article will show you to participate in ICO issued on Ethereum blockchain. The first step is setting up Ethereum ERC20 compatible wallet. Why do you need an ERC20 compatible Ethereumwallet? Most ICO tokens are issued on Ethereum blockchain. It means that people who want to participate in ICO need to have Ethereum and its wallet. However, not all digital wallets support Ethereum powered ICO tokens. For example, to participate in Fast Invest ICO , you need to set up an Ethereum ERC20 compatible wallet where you and only you hold its private keys. You probably know that ICO is about sending and receiving coins. Your private keys are necessary for correct interaction with smart contracts to transfer and receive tokens. DO NOT PARTICIPATE IN ICO BY SENDING COINS FROM ANY CRYPTOCURRENCY EXCHANGES. YOU NEED A ERC20 COMPATIBLE ETHEREUM WALLET. OTHERWISE, YOU WILL LOSE YOUR FUNDS. To clear the confusion, here is a token compatible Ethereum wallets list. These wallets have been verified to support Ethereum ERC20 tokens. The list is continuously updated at Tokenmarket . Next, we will show you how to open a suitable Ethereum wallet that will serve your needs. For that, well use MyEtherWallet and Mist Continue reading >>

How To Create An Erc20 Token & Launch An Ico On Ethereum

How To Create An Erc20 Token & Launch An Ico On Ethereum

So you want to start an ICO. Congrats! ICOs are an exciting, speedy way for a talented investment team with a cool idea to get funded. Your company gets funds fast; investors get in on the ground floor. There are myriad ways to run an ICO, but today well break down how to launch one through Ethereum. HOW TO CREATE YOUR OWN INITIAL COIN OFFERING (ICO) So you want to start an ICO. Congrats! ICOs are an exciting, speedy way for a talented investment team with a cool idea to get funded. Your company gets funds fast (especially if you list your token on Coinist ) and investors get an opportunity to get in on the ground floor. There are myriad ways to run an ICO , but today well break down how to launch one through Ethereum . Ethereum is relatively easy to use, with detailed instructions available on the companys website. But dont crank out a coin just yet. A coins success or failure is decided long before the ICO. Effective marketing, a pre-sale ICO , meeting with investment funds, and communicating with investors are all crucial steps. Dont forget the Howey test. If you havent heard of that, you shouldnt be launching an ICO. The Howey test , derived from a 1946 Supreme Court case, lays down guidelines for what is and isnt a security. You dont want the SEC investigating you, so many coins take steps to ensure they explicitly arent securities. Have a clear fundraising goal. And have step-by-step, detailed plans on how youre going to spend the money. No ones going to plunk down their hard-earned cash for your token if it seems even the slightest bit scammy. Weve broken down the risks of ICOs on this site before . Typically, a good team will start getting the word out early. Theyll set and meet technical milestones. The ICO, terms, fundraising goals, and a plan for spending th Continue reading >>

How Does An Ico Work

How Does An Ico Work

Initial Coin Offerings can be considered as an alternative form of crowdfunding that has emerged outside of the traditional financial system. This model has helped a lot of successful projects and companies get the funding required to start their business. In 2013, over US$5.1 billion were raised via crowdfunding worldwide,which increased to US$16 billion in 2014 and was estimated at over US$34 billion in 2015. Initial Coin Offerings, also known as ICOs is the cryptocurrency version of crowdfunding andare a part of the crypto world that is most likely here to stay. It's one of the easiest and most efficient methods for companies and individuals to fund their projects and for regular users to invest in projects they see value in. An Initial Coin Offering is an event that usually extends over a period of one week or more and in which everyone is allowed to purchase newly issued tokens in exchange for established cryptocurrencies like Bitcoin (BTC) or Ether (ETH). In an ICO, there can be a specific goal or limit for project funding, meaning that every token will have a pre-designated price that will not change during the Initial Coin Offering period, which also means that the token supply is static. It is also possible to have a static supply with a dynamic funding goal, in which the distribution of tokens will be made according to the funds received, meaning that the more funds the project receives the higher the token price will be. You can also have a dynamic token supply that will be determined by a number of funds that are received, meaning that the price for each token is static (e.g 1 ETH 1 token) but every time one Ether is sent a new token is created. A limit can be set in terms of goals or time frame. Analyzingexamples of relevant ICOs, one can piece together wh Continue reading >>

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