Initial Coin Offering (ICO)

An initial coin offering is similar in concept to an initial public offering (IPO), both a process in which companies raise capital, while an ICO is an investment that gives the investor a cryptocoin, more commonly known as a coin or a token in return for investment, which is quite different to the issuance of securities as is the case in an IPO investment.

Introduction

There remains a lot of confusion around what token contracts really are. Essentially, a token contract is a smart contract that contains a map of account addresses and their balances. The balance represents a value that is defined by the contract creator: one token contract might use balances to represent physical objects, another monetary value, and a third the holder’s reputation. The unit of this balance is commonly called a Token.

Simple token contracts hold the above information in a mapping of address to balance. When more complex scenarios come in to play such as providing dividends then alternative or additional structures will often be more powerful. Regardless of the implementation details, however, the view of token balances to the outside world should always look like the diagrams shown above.

About Us

Toshblocks is a Blockchain Consulting, Development, Certification & Training company. We have delivered many Blockchain & Ethereum related project worldwide using our expertise.

Toshblocks is founded by Mr. Toshendra Sharma, A well-known Blockchain expert, speaker & instructor to help enterprises build their Blockchain PoCs quickly.

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