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Journal of Cybersecurity and Information Management

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Journal of Cybersecurity and Information Management
Full Length Article

Volume 2 • Issue 1 • PP: 05-12 • 2020

Implementation of Crowd Sale using ERC-20 Tokens

Ashish Sharma 1*
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,
Yogesh Sharma 1
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,
Radhika Bansal 1
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,
Sushant Verma 1
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1CSE Department, Faculty of Computer Science, Maharaja Agrasen Institute of Technology, India
* Corresponding Author.
DOI https://doi.org/10.54216/JCIM.020101
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Abstract

The paper aims at creating ERC-20 Token and crowd sale step-by-step with Ethereum smart contracts. In the process, it focuses on testing the smart contracts, deploying the smart contracts to the Ethereum blockchain, and building an ICO website deployed to the web for the buying and selling of the tokens. The Ethereum blockchain provides a platform for creating our cryptocurrency, or tokens that can be purchased via Ether which is the native cryptocurrency of the Ethereum blockchain. ERC-20 is a standard document that specifies the behavior of the tokens so that they are compatible with other platforms like cryptocurrency exchanges. We used Ethereum which is a blockchain like Bitcoin. We created a token called "Token" and there are 100,000,000 such tokens. Firstly, the token smart contract keeps track of some token attributes which are basic. It also keeps track of who owns "My Token" and how much. ERC-20 tokens can be used as a payment just, just like any other cryptocurrency, from one account to another. They can also be purchased in a crowd sale, like an ICO. 

Keywords

Ethereum Blockchain Smart Contracts Crowd Sale Solidity Meta Mask

References

[1] 

G. "Dapp University," [Online]. Available: https://www.dappuniversity.com/articles/code-your-own-cryptocurrency-on-ethereum.

[2] 

T. Port, "Centralized vs decentralized vs distributed networks + Blockchain," Medium, 24 July 2018. [Online]. Available: https://medium.com/@torp_port/centralized-vs-decentralized-vs-distributed-networks-blockchain-f895416dc22.

[3] 

www.cryptoninjas.net/what-are-smart-contracts/, What Are Smart Contracts?, 2020. 

[4] 

S. Tikhomirov, "Ethereum: State of Knowledge and Research Perspectives," in Springer, February 2018. 

[5] 

"Ethereum," [Online]. Available: https://ethereum.org/.

[6] 

Cointelegraph, [Online]. Available: https://cointelegraph.com/tags/crowdsales.

[7] 

S. Voshmgir, "Smart Contracts," 2019. [Online]. Available: https://blockchainhub.net/smart-contracts/.

[8] 

"Truffle Suite," [Online]. Available: https://www.trufflesuite.com/.

[9] 

"Meta Mask," [Online]. Available: https://metamask.io/.

[10] 

Q. Nasir and M. A. Talib, "Performance Analysis of Hyperledger Fabric Platforms," in Hindwai, 2018. 

Cite This Article

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format_quote
Sharma, Ashish, Sharma, Yogesh, Bansal, Radhika, Verma, Sushant. "Implementation of Crowd Sale using ERC-20 Tokens." Journal of Cybersecurity and Information Management, vol. Volume 2, no. Issue 1, 2020, pp. 05-12. DOI: https://doi.org/10.54216/JCIM.020101
Sharma, A., Sharma, Y., Bansal, R., Verma, S. (2020). Implementation of Crowd Sale using ERC-20 Tokens. Journal of Cybersecurity and Information Management, Volume 2(Issue 1), 05-12. DOI: https://doi.org/10.54216/JCIM.020101
Sharma, Ashish, Sharma, Yogesh, Bansal, Radhika, Verma, Sushant. "Implementation of Crowd Sale using ERC-20 Tokens." Journal of Cybersecurity and Information Management Volume 2, no. Issue 1 (2020): 05-12. DOI: https://doi.org/10.54216/JCIM.020101
Sharma, A., Sharma, Y., Bansal, R., Verma, S. (2020) 'Implementation of Crowd Sale using ERC-20 Tokens', Journal of Cybersecurity and Information Management, Volume 2(Issue 1), pp. 05-12. DOI: https://doi.org/10.54216/JCIM.020101
Sharma A, Sharma Y, Bansal R, Verma S. Implementation of Crowd Sale using ERC-20 Tokens. Journal of Cybersecurity and Information Management. 2020;Volume 2(Issue 1):05-12. DOI: https://doi.org/10.54216/JCIM.020101
A. Sharma, Y. Sharma, R. Bansal, S. Verma, "Implementation of Crowd Sale using ERC-20 Tokens," Journal of Cybersecurity and Information Management, vol. Volume 2, no. Issue 1, pp. 05-12, 2020. DOI: https://doi.org/10.54216/JCIM.020101
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