What is the Need for Smart Contract in ICO?

Inclusion of Smart contract is inevitable after the emerging of blockchain technology.
Smart Contract is generally a digital contract that is the set of computer program automatically controls the transaction without the involvement of third party and saves the data.

The information stored in the smart contract can not be modified or erased but the date is trackable.



In ICO, smart contract is implemented in

Ø Token creation
Ø Selling/ distrubuting tokens  

It involves the method of transaction of tokens and obtaining cryptocurrencies from the wallet.

ERC 20 tokens should be generated to match up with certain standards and the details regarding the token count and owner’s details are encrypted in smart contract of the token creation.

Smart contract for token distribution involves

The start time and the end time of crowd funding so that the investor would participate in particular time of ICO.

The maximum and minimum capital amout need for the investment.

The Discounts and offers for performing in ICO.

Bitdeal is the leading ICO development company offers complete services such as smart contract development, token development, ICO markteting  etc and let your business glow .

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