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How multi coin ICO are organized?
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Topic: How multi coin ICO are organized? (Read 275 times)
wimpythunder
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How multi coin ICO are organized?
September 25, 2017, 08:35:51 PM
#1
There are some ICOS who are accepting ETH as well as BTC and they are issuing ERC20 tokens on Ethereum.
It is clear how it works with Ethereum (eth in -> smart contract -> token out)
How tokens issuing process is handled for bitcoins? Is it manual process or is it automated via some kind of code? How does it actually works?
PaulDroid
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Re: How multi coin ICO are organized?
September 25, 2017, 08:39:30 PM
#2
This is explained here:
https://ethereum.stackexchange.com/questions/26308/ico-crypto-currencies-accepted-during-the-sale-eth-btc-or-even-fiat/26610#26610
probably you should use Google before asking such question
Jdope
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Re: How multi coin ICO are organized?
September 25, 2017, 08:50:29 PM
#3
I think its mostly manual, they calculate a dollar rate and do the conversion with the rate at the time of sending. One of the icos i watched was sending you something like a code in which you use in sending to verify it was from you. neat stuff but still manual and more prone to errors
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