bokkypoobah / sikobatokencontinuous

Smart Contract for Sikoba Continuous Token Sale

Sikoba Continuous Token Sale Contract (June-October 2017)

Introductory notes

• one presale SKO is now represented as 1,000 SKO1 (instead of SKOK as initially written on the web site)
• some initial (manual) testing completed, full testing remains to be done
• we aim to deploy the contract before 1st June, but reserve the right to delay by a few days if any issues are found during testing

Functionality

• Mint function
  • for participants who provide funding in fiat and ETH prior to token sale start
  • as reward for help with the project
• Flag to indicate when minting completed
• Start contribution period - Thursday, 01-Jun-17 00:00:00 UTC = 1496275200
• End contribution period - Thursday, 31-Oct-17 23:59:59 UTC = 1509494399
• Tokens per ETH
  • 1 ETH = 1,650 SKO1 on 01-Jun-2017
  • 1 ETH = 1,200 SKO1 on 31-Oct-2017
  • linear decline of number of tokens per ETH over time
  • correponds to a continuous and (slightly) accelerating token price increase over time
• Max funding in USD
  • setUsdPerHundredETH(...) to be called manually when rate deviates by more than 5%
  • Keep track of total funding * USD rate (it will be approximate, but we think that's ok)
  • Soft limit maximum finding in USD terms = 400,000
  • When soft limit reached accept contributions for an additional 24 hours (but not beyond the end of the contribution period)
• Pausing funding
  • The owner can temporarily stop funding via pause() in case there is some event or announcement which will materially affect the project.
  • Funding can be restarted via restart()

Open issues

• need to decide if totalUsdFunding should include private sale
• need to decide on the size of the bonus pool

To do just before launch

• set the value of usdPerHundredETH
• initialise totalUsdFunding (if necessary)

To do just after launch

• mint tokens for private sale participants
• mint tokens promised as reward for help during presale
• mint tokens for the bonus pool