Smart Contracts With ICO-A Turnkey Business Solution For New Digital Assets
The globally accepted bitcoin exchange software solution — Bitdeal now becomes the best technical companion for bitcoin and blockchain entrepreneurs, to execute a successful ICO business platform along with specialized smart contracts solution.
This featured article analyzes the flow of ICO smart contract business system and its classification that tells how bitdeal technical developers enters into the nook and corner of the new fund-raising model.
BUSINESS CLASSIFICATION ON ICO SMART CONTRACTS
Initial coin offering ( ICO ) now becomes the gold bot for entrepreneurs to raise funds and to release a new cryptocurrency into the blockchain technology. But in order to make a successful ICO and to negotiate the complexities, it should comply with two different smart contracts.
- Token contracts
2.Crowd selling contracts
The need for classification on smart contract system is to diminish the pitfalls and to prevent the entire ICO campaign from chaos.
SMART CONTRACTS — TOKEN CONTRACTS ON ETHEREUM:
Token contracts define about the method of transferring the tokens and the methods of retrieving the balance amount for particular ethereum address. Aside from that, it also explores the number of associated tokens with an ethereum address. To transact the token between two ethereum addresses a request will be processed based on the written contract.