Skip to content

Intercoin/SalesContract

Folders and files

NameName
Last commit message
Last commit date

Latest commit

 

History

63 Commits
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Repository files navigation

FundContract

Installation

Deploy

Deployment can be done in several ways:

  1. Through the intercoin factory mechanism.
  2. Deploy FundFactory before and call the method produce.
  3. Deploy FundContract directly on the network and call the method init.

In all cases, parameters need to be specified:

name type description example
_sellingToken address address of the ITR token 0x6Ef5febbD2A56FAb23f18a69d3fB9F4E2A70440B
_timestamps uint256[] array of timestamps (GMT) [1609459200, 1614556800, 1619827200]
_prices uint256[] array of prices for the exchange in ETH (multiplied by 1e8) [12000000, 15000000, 18000000]
_endTime uint256 the time after which the exchange will be stopped 1630454400
_thresholds uint256[] thresholds of ETH (in wei) that trigger bonuses for group members [10000000000000000000, 25000000000000000000, 50000000000000000000]
_bonuses uint256[] bonuses in percentages (multiplied by 100), e.g., 10%, 20%, 30% or 0.1, 0.2, 0.5 [10, 20, 50]
_ownerCanWithdraw enum(never, afterEndTime, anytime) an option representing the owner's ability to withdraw tokens left in the contract 1
_whitelistData {address contractAddress, bytes4 method, uint8 role, bool useWhitelist;} settings for the whitelist. The exchange can only be accessed by whitelisted individuals. For more information, see the Intercoin/Whitelist repository. In example "internal whitelist" [0x0000000000000000000000000000000000000000,0x95a8c58d,0x4,true]

Overview

Once installed, methods can be used for exchange.

Methods

Method Name Called By Description
getConfig Anyone Retrieves data with which the contract was initialized.
receive Anyone An internal method triggered when the contract receives ETH. It exchanges ETH for tokens.
getGroupBonus Anyone Retrieves the current group bonus.
getTokenPrice Anyone Retrieves the current token price.
withdraw Owner Withdraws a specified amount of tokens to a given address.
withdrawAll Owner Withdraws all tokens to the owner (sender).
claim Owner Claims a specified amount of ETH to a given address.
claimAll Owner Claims all ETH to the owner (sender).
setGroup Owner Links participants to a group.

getConfig

Returns the parameters with which the contract was initialized.

getGroupBonus

Parameters:

name type description
groupName string The name of the group.

Returns the group bonus as a uint.

getTokenPrice

Returns the token price as a uint.

withdraw

Parameters:

name type description
amount uint256 The amount of tokens to withdraw.
addr address The address to send the tokens to.

withdrawAll

Withdraws all tokens to the owner.

claim

Parameters:

name type description
amount uint256 The amount of tokens to claim.
addr address The address to send the tokens to.

claimAll

Claims all ETH to the owner (sender).

setGroup

Parameters:

name type description
addresses address[] The addresses that need to be linked with the group.
groupName string The name of the group. If the group doesn't exist, it will be created.

Example

  1. Deploy the contract (through the intercoin factory mechanism).
  2. Transfer some sellingToken to the contract.
  3. Now, any user who sends ETH to the contract will be able to receive sellingToken until the endTime expires or the contract has enough tokens to return.
  4. If the owner adds a user to a group (by calling the setGroup method) and the group reaches the threshold, all group members will receive bonus tokens.
  5. Additionally, if a user acquires tokens without being in a group and then becomes a member of any group, all the contributed tokens will be part of the group and increase the group bonus.

How Bonuses Work

We have created a contract that sends additional tokens to a group of people who contribute more than the specified thresholds. For example:
After 10 ETH - 10% bonus
After 25 ETH - 20% bonus
After 50 ETH - 50% bonus
So the initial parameters will be:
thresholds = [10_000000000000000000, 25_000000000000000000, 50_000000000000000000]
bonuses = [10, 20, 50]
Here, the thresholds are set in wei and the bonuses are multiplied by 100.

For a better understanding of the math, let's take the variable price_ETH_TOKEN = 10000000 (0.5 ETH = 1 ITR).

look at the table below
action person total contributed,
ETH
bonus tokens contributed,
ITR
got by transaction,
ITR
Total balance,
ITR
"BestGroup" Total,
ETH
"BestGroup#2" Bonus,
%
old new old new main bonus Total,
ETH
Bonus,
%
Total,
ETH
Bonus,
%
1 Setup the same group "BestGroup"(setGroup) for Person#1,Person#2 0.0 0.0 0.0 0.0
2 Person#1 contributed $5,000 Person#1 0 5.0 0.0 0.0 10.0 0.0 10.0 5.0 0.0 0.0 0.0
Person#2 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Person#3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Person#4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
3 Person#1 contributed $7,000 Person#1 5.0 12.0 0.0 2.4 14.0 2.4 26.4 12.0 10.0 0.0 0.0
Person#2 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Person#3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Person#4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
4 Person#2 contributed 25 ETH Person#1 12.0 12.0 2.4 4.8 0.0 2.4 28.8 37.0 20.0 0.0 0.0
Person#2 0.0 25.0 0.0 10.0 50.0 10.0 60.0
Person#3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Person#4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
5 Setup the same group "BestGroup"(setGroup) for Person#3 37.0 20.0 0.0 0.0
6 Person#3 contributed $25,000 Person#1 12.0 12.0 4.8 12.0 0.0 7.2 36.0 62.0 50.0 0.0 0.0
Person#2 25.0 25.0 10.0 25.0 0.0 15.0 75.0
Person#3 0.0 25.0 0.0 25.0 50.0 25.0 75.0
Person#4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
7 Person#4 without any group contributed 25 ETH Person#1 12.0 12.0 4.8 12.0 0.0 7.2 36.0 62.0 50.0 0.0 0.0
Person#2 25.0 25.0 10.0 25.0 0.0 15.0 75.0
Person#3 0.0 25.0 0.0 25.0 50.0 25.0 75.0
Person#4 0.0 25.0 0.0 0.0 50.0 0.0 50.0
8 Setup the same group "BestGroup#2"(setGroup) for Person#4 62.0 50.0 25.0 20.0
10 Finally Person#1 12.0 12.0 4.8 12.0 0 7.2 36.0 62.0 50.0 25.0 20.0
Person#2 25.0 25.0 10.0 25.0 0.0 15.0 75.0
Person#3 0.0 25.0 0.0 25.0 50.0 25.0 75.0
Person#4 25.0 25.0 50.0 10.0 0.0 0.0 60.0

About

Used for raising funds from investors or entire communities, reaching goals, matching funds raised, etc.

Resources

License

Stars

Watchers

Forks

Packages

No packages published