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README.md

Spotcoin ICO Contract v2

The contract is deployed on Neo MainNet with Script Hash 0x2830fc346b1c7a350914fbaea5ef7b3fbe3c994c

Details

Requirements

Usage requires Python 3.6+

Installation

Clone the repository and navigate into the project directory. Make a Python 3 virtual environment and activate it via

python3 -m venv venv
source venv/bin/activate

or to explicitly install Python 3.6 via

virtualenv -p /usr/local/bin/python3.6 venv
source venv/bin/activate

Then install the requirements via

pip install -r requirements.txt

Compilation

The template may be compiled as follows

python3 compile.py

Running contract

See Test README

How this works

After the contract is deployed, the Spotcoin forces users to go through a KYC process on spotcoin.com, and they will be generated a deposit address that Spotcoin manages after passing KYC. This address will be whitelisted in our contract via the tokensale_register method.

Upon contribution on our site via USD, BTC, ETH, GAS, etc., we call the airdrop function to reserve X amount of SPOT tokens for that address given the current market rates, which are calculated on our backend.

The contract will ensure that this happens within the ICO period and the user is limited to getting a maximum of 1 million SPOT for public contributions.

After the ICO period has ended, we (the contract owner) will call mint_team - which will create team tokens, in order to maintain the 2-1 ratio of public-to-team tokens.

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