Topic: Why some ICOs take only Ether? and not BTC or other coins. (Read 122 times)
There are several reasons. First, 92 percent of ICO is conducted on the ethereum platform and to use their tokens to use the wallet ethereum, and when they are sent to purses it is precisely ethereum. In addition, the released tokens are compatible with the ERC-20 ethereum markers. The second important reason is that ethereum is more stable in its price, while bitcoin is highly volatile and it is very difficult to calculate, especially if produced over a long period of time.
Mostly because the tokens they are issuing are ERC-20 like ETH. Also it was stable and reasonably price. Not many people want to invest bitcoin. I have seen some ICO's that are accepting litecoin.
What are the merits and demerits of only accepting ETH as vs say ETH and BTC or other coins like BCH, LTC, DASH etc.
Well, the easiest way to reward your participants is sending back the corresponding amount of tokens to the Ethereum address that sent ETH to the ICO address.
As most ICOs use tokens that are ERC-20 compatible and built on the Ethereum Blockchain, it's not hard to figure that they'd send the tokens to ETH addresses.
The ICO creators probably want to collect the money as easily as possible, which would just be sending back the tokens to the address from which the ETH originated, which is quite easy to do.
So they're probably just sticking to ETH to make it as easy as possible for themselves to collect all the money.
some ICO accepts only ether because they arebuilt on thhe top of ethereum platform!
in addition they are using smart contracts to issue their coins.
in addition they are using smart contracts to issue their coins.
Most of ICOs issue ERC-20 standard tokens that are based on Ethereum, and their token sale contracts accept ETH as a result.
What are the merits and demerits of only accepting ETH as vs say ETH and BTC or other coins like BCH, LTC, DASH etc.
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