|
Title: BTC PAYMENTS FOR ICO? Post by: newbitcoin2 on February 18, 2021, 11:04:24 PM My friends are planning to launch an ICO for a new POS coin. I know that is not a very good idea, but I would ask you to give me some advice regarding payment options.
For ERC20 token it is not a big deal, because you can proceed with a smart contract without interfering manually. But how to accept ICO payments for a new blockchain (coin)? 1. Accept bitcoins via invoice and pay back with new coins to the senders address, downloaded from ICO page and provided in his profile. This has to be done manually (Or I am wrong?) 2. Same but via accepting ETH. 3. Same via fiat (currency exchange license is needed) All methods are complicated and must be proceed manually if I am not missing something. So what is the best solution for that matter? Any advice will be appreciated. Title: Re: BTC PAYMENTS FOR ICO? Post by: TimtheYoutuber on February 18, 2021, 11:10:53 PM Maybe you could release an erc that is redeemable to the mainnet of the other blockchain.
So basically people buy the ICO via the ERC token, then when the mainnet for the real blockchain launches, you can set up smart contracts or whatever your blockchain is capable of doing and accept the ERC tokens that were sold for the new native currency. Title: Re: BTC PAYMENTS FOR ICO? Post by: Vod on February 19, 2021, 06:45:40 AM All methods are complicated and must be proceed manually if I am not missing something. So what is the best solution for that matter? Any advice will be appreciated. Children have no business running SEC scams. Title: Re: BTC PAYMENTS FOR ICO? Post by: newbitcoin2 on February 19, 2021, 09:35:29 AM Hiring someone else to do it is valid option. That's what I told them. Also there is a way to proceed via blockchain payment api. https://www.blockchain.com/api/api_receive Anyway, thanks for advice. Title: Re: BTC PAYMENTS FOR ICO? Post by: newbitcoin2 on February 19, 2021, 09:58:03 AM SEC scams. SEC is an USA authority and that guys are from Ukraine. You just have to mention on the website that customers from USA are not accepted. Also you can not accept almost all arab countries, China and all others where ICO's are banned. But SEC is actively fighting ICO's, that's correct. https://www.sec.gov/ICO |