Most of the ICO that do this.. accept bitcoin as the payment but also ask for ethereum address to credit the ERC20 token
Here is a summary of how you can accept bitcoin for your ICO
https://blog.blockonomics.co/how-to-accept-bitcoins-for-your-ico-67b9d101abc2
Topic: Accepting bitcoin for my own ICO with ERC20 token? (Read 175 times)
As above mentioned it is more trust-based than is preferable, and any of the potential ways to validate cross-chain via for eg Oraclize will add an expense over-head to the process, as well as adding unwanted further centralization.
That said it is possible, however that you're planning on running an ICO without understanding the process is a concern.
That said it is possible, however that you're planning on running an ICO without understanding the process is a concern.
There are ways to do such, but you better hire a good programmer or ICO agency to help you with that if you can't do it on our own. You'd need code executing outside of the smart contract and token generation event. It's more trust based but can attract more investors if they want to spend BTC outright. Signups to track deposits would be required. Good luck to you.
It is possible, however quite challenging since you would need a smart contract to check for the bitcoin payments and generate different address for each buyer, because bitcoin transactions do not support any smart contracts or messages with the transaction.
If you are developing a serious project, you will quite likely find out the answer by yourself
Nice shitposting. OP answered a question, and have not shown any shady intentions about scamming yet. This is the technical part of the forum, so i could say that you are harming the average post quality as well
If you are developing a serious project, you will quite likely find out the answer by yourself
so. many. shitcoins. with incapable devs. STOP TRYING TO MONEY-GRAB! Your harming the entire crypto ecosystem.
Nice shitposting. OP answered a question, and have not shown any shady intentions about scamming yet. This is the technical part of the forum, so i could say that you are harming the average post quality as well
Mr response lies in a happy middle-ground. If you don't know how to implement your idea safely and securely, the best solution is to find someone who does know how to do it and pay them for their services. While Anonymous Kid's rather terse and blunt reply isn't particularly constructive, it's still a valid point. We do have far too many people learning through trial and error, mostly error, but thinking that while they learn they can put other peoples' wealth at risk in an attempt to turn a profit. It's reckless.
There are two options. Either you learn what you need to know first using a testnet without any live funds and you make damn sure it works correctly before you start accepting any money. Or, you find a qualified, experienced and knowledgeable person, or even multiple people if that's what it takes, to implement your vision, still do some testnet trials to make sure it works and then when it goes live split the profits with them. That's how you develop a project responsibly. None of this "free money for half baked ideas" crap we've seen too much of already.
It is possible, however quite challenging since you would need a smart contract to check for the bitcoin payments and generate different address for each buyer, because bitcoin transactions do not support any smart contracts or messages with the transaction.
If you are developing a serious project, you will quite likely find out the answer by yourself
Nice shitposting. OP answered a question, and have not shown any shady intentions about scamming yet. This is the technical part of the forum, so i could say that you are harming the average post quality as well
If you are developing a serious project, you will quite likely find out the answer by yourself
so. many. shitcoins. with incapable devs. STOP TRYING TO MONEY-GRAB! Your harming the entire crypto ecosystem.
Nice shitposting. OP answered a question, and have not shown any shady intentions about scamming yet. This is the technical part of the forum, so i could say that you are harming the average post quality as well
so. many. shitcoins. with incapable devs. STOP TRYING TO MONEY-GRAB! Your harming the entire crypto ecosystem.
How do ICO accept multiple cryptos from investors?
Is it possible to accept Btc and other crypto when the ico smart contract has been done on ethereum with erc 20 tokens?
Is it possible to accept Btc and other crypto when the ico smart contract has been done on ethereum with erc 20 tokens?
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