Initial Coin Offering (ICO)
Experiment Initial Coin Offerings on Native Assets such as ETH, AVAX, POL, TT, NRG, etc:
Standard Infinite Model vs My Finite Model
Standard Infinite Model 1: I can mint infinitely
- Deploy token contract with my wallet able to mint infinitely.
- Deploy ICO contract to mint my token by paying to my wallet.
- Grant minting authority of token contract to ICO contract by my wallet.
Standard Infinite Model 2: I can still cheat mint infintely by looping my paid wallet address
- Deploy ICO contract to mint my token by paying to my wallet.
- Deploy token contract with only the ICO contract with mint authority by also paying to my wallet.
- Grant minting authority of token contract to ICO contract by my wallet.
My Finite Model: same as barter or p2p transaction except using smart contract as security
- Deploy finite amount of token to myself with no more mint authority.
- Deploy ICO contract with fixed rate to sell tokens available on the ICO contract token balance by also paying to my wallet.
- Refill ICO contract token from my wallet address.