Hi guys! Yesterday we launched our ico platform where you can launch your own ICO for only 1 ETH (also we take comission 5% from your ICO project tokens and rised funds). We will spend all money we get on merketing of our platform, so we also bring traffic to ICOs running on platform. We also make you a web page where you run your ICO and rise funds, mabage ICO and your investments you can at your account page!www.icoconstructor.com
Solvable ProblemEvery company that decides to launch an ICO project faces at least three main tasks:
• Legal arrangements for the project
• Marketing
• Creating a smart contract
The main issues associated with legal arrangements for the project are the search for an appropriate jurisdiction to launch an ICO and the legal status of tokens sold as part of the ICO (including the type of tokens (utility/security), legal registration of rights and guarantees of investors expressed in digital form, etc.)
The marketing campaign depends primarily on the types of investors (institutional, non-professional), ways of communicating with target audience, geography of campaign, etc.
These tasks are unique for each individual project because the currently low level of legal regulation (which, in some jurisdictions, is even totally absent) requires to approach them individually. Often, the schemes of legal arrangements proposed by legal consultants are based on different interpretations of similar legal norms applicable in similar areas and depend, among other things, on the vision of legal arrangement mechanism shared by the author of the ICO project. There is no less variety in marketing campaigns for ICO projects, which are also implemented in an individual way.
Solution Based on the above classification of tokens issued as part of ICO projects, ITD LLC developed a smart contract that is a "factory" generating random smart contracts in accordance with the required characteristics. The built-in functionality of the ICO Constructor platform makes it possible to generate smart contracts of projects with the following characteristics:
Crowdinvesting — is a type of ICO, in which the Project promises to pay token holders a specified portion of the Project's profit. The profit is distributed among the holders in proportion to the number of tokens held. The Project sends a specified percentage of its profit in ethers (ETH) to the smart contract, and then this amount is distributed among the investors.
Types of issues:
Limited or unlimited.
Crowdfunding — is a type of ICO, in which the Project promises to a good or service in exchange for its tokens. To receive goods or services, investors send their tokens to the Project's smart contract.
Types of issues:
Limited or unlimited.
Platform
The platform allows Projects to create smart contracts with specified parameters for their ICOs. The platform offers a solution for all the technical issues related to the implementation and operation of ICOs.
Technical description of smart contractIn technical terms, ICO Constructor is a specialized software designed to create new smart contracts based on user-defined parameters. The process of setting the parameters for a new ICO is conducted on the site. The user-friendly and intuitive interface allows to set both the main and additional parameters of the contract (type of issue, number of issued tokens, stage dates, etc.)
After confirming all the parameters, the user pays for the platform services, after which the site will automatically publish a user-created contract on Ethereum blockchain. In this case, the wallet used to pay for the platform services will be designated as the owner of the new contract. After successfully creating the contract, the user can use the contract in the same way as he would use a contract designed independently or received from other platforms — i.e. to monitor the number of tokens sold, withdraw funds collected by the contract to his wallet, and pay profit from the project.
The advantage of ICO Constructor is its complete automation – users do not need to contact the platform and spend time waiting for answers, and they can create a contract in just 5 minutes. All the created contracts have passed a security audit and are not exposed to any attacks known as of early 2018.
WhitePaperhttps://icoconstructor.com//files/whitepaper-EN.pdf
Instruction how to run ICO in 10 minutes and video instructionshttps://icoconstructor.com/how
