Blockchain By Example

Considerations

With any type of token sale, certain aspects should be decided beforehand:

• The time or block number at which the sale will start.
• Whether there are any caps, and their type.
• How long the sale will last.
• The end conditions for the sale.
• The currency in which tokens can be bought.
• The proportion of the tokens that will be sold, and the proportion kept.
• The exchange rates, that is, how much the tokens will cost. If the rate isn't fixed, it should be understood how they will change.

These considerations, together with the type of sale you will use, will depend on the characteristics and requirements of your particular project. For the purposes of our project code, we will be using a simple, fixed-cap token sale.