Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: abbasmhd on November 10, 2017, 11:29:39 AM



Title: Ethereum ICO how can I accept Bitcoin / altcoin and distribute Tokens
Post by: abbasmhd on November 10, 2017, 11:29:39 AM
a smart contract running on the Ethereum blockchain

 - the question is how do you allow Bitcoin or other cryptocurrency contributions

some ICOs uses a 3rd party service such https://changelly.com or https://shapeshift.io
to convert Bitcoins to Ether and then use the Ether to calculate the Tokens

 - but where do they send the tokens?
 - is the user required to have an ERC20 compatible wallet with ETH?

 - what do you think?
 - how would you do it?


Title: Re: Ethereum ICO how can I accept Bitcoin / altcoin and distribute Tokens
Post by: Teraboy on November 15, 2017, 02:59:42 AM
lol YOU DON'T EVEN KNOW ABOUT HOW TO MADE YOUR SMARTCONTRACT TO EXECUTE EVERY ORDER TO THE CONTRIBUTORS. imagine if you are making a form that must be filled by the users to give their ethereum address to receive the token. How are you trying to make an ico. at the same time you are not know about the basic thing liks this one.
Pretty odd.


Title: Re: Ethereum ICO how can I accept Bitcoin / altcoin and distribute Tokens
Post by: dillpicklechips on November 15, 2017, 03:15:50 AM
lol YOU DON'T EVEN KNOW ABOUT HOW TO MADE YOUR SMARTCONTRACT TO EXECUTE EVERY ORDER TO THE CONTRIBUTORS. imagine if you are making a form that must be filled by the users to give their ethereum address to receive the token. How are you trying to make an ico. at the same time you are not know about the basic thing liks this one.
Pretty odd.
This really seems a poorly thought project. In other words, this project exists for the sole purpose of getting free money fr their investors then after that they will just the coin then vanish. Some of the questions that the OP is throwing is somewhat obvious or rather a common sense. OP should hire a smart contract developer since he will get more money than what he will pay for him.


Title: Re: Ethereum ICO how can I accept Bitcoin / altcoin and distribute Tokens
Post by: EcoChavCrypto on November 15, 2017, 03:16:29 AM
The best thing that you can do is just try to hire someone to do it for you, i imagine that you dont even have a team and you are trying to run an ico.. And let me guess, you are probably trying to make a new ico in order to make you a little bit more wealthy.
Your project is not going to go anywhere if you dont put a lot of effort and funds in order to make a succesfull project, you are not even hiring the developers and you are expecting to have a succesfull one.
Dont run that ico.. you dont even know how to run a smart contract..