ICO

  • Resolved MULTISPONSOR

    (@multisponsor)


    2 years, 12 months ago

    Hello,
    ICO has an option for Initial Supply,
    Is this minted immediately and then the ICO will be added once minted by the users?
    Also,
    Can the amount of ICO token for each user be capped, or have a fix amount?

    Best Regards

Viewing 5 replies - 1 through 5 (of 5 total)
  • Plugin Author WPSmartContracts

    (@wpsmartcontracts)

    1) Yes, token is minted immediately when the user send contributions.

    2) No, the user can contribute any amount

    Thread Starter MULTISPONSOR

    (@multisponsor)

    Thanks for your excellent support,

    Not clear though if the initial supply is minted or is not minted unless the contributor send contributions, and what happens with the rest left over if that’s the case? (when ICO ends).
    BRGs

    Plugin Author WPSmartContracts

    (@wpsmartcontracts)

    Hi,

    The initial supply is for contract owner, this is not part of the ICO.

    So, when user buy tokens, they are minted on contribution, meaning that every contribution increases the max supply of the token.

    Thread Starter MULTISPONSOR

    (@multisponsor)

    THX!
    That’s the ideal..
    But actually, sorry another question rise, Front end ICO is only showing # coins for 1 ETH.
    Are contributions only with ETH even if you deploy in MATIC / BNB / XDAI?

    And XDAI seems much cheaper, as all are ETH L2 why pay much more GAS for ETH or even MATIC compared to XDAI?

    Best Regards!

    Thread Starter MULTISPONSOR

    (@multisponsor)

    To be clear, I set an XDAI address in this example, but the ICO front end page shows ETH. Is true that the contract is not deployed yet.

Viewing 5 replies - 1 through 5 (of 5 total)
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