In this generation of digitalization, smart contract is revolutionizing the world with thousands of deals and transactions everyday. Smart contract is simply smart, but not same as the traditional method of contract on a piece of paper with the involvement of third party to sign the contract.
Smart contract is a set of instructions that automatically performs the conditions under the agreement. Smart contracts helps in performing the business agreement in a transparent way by avoiding the central authority services, thus strengthens the relationship between two persons where the transactions are being processed.
Various stages of smart contracts
1.Crowdsale contract - This ICO crowdsale contract is for the purpose of development and sale of project’s tokens.
- Token contract - This contract involves in creating your own cryptocurrencies for future crowdsale or distribution.
3.Investment pool - This pool is the collection of funds before the investment process. Investing together can lead to the benefit of getting discounts.
- Airdrop contract - This contract is developed for the distribution or sale of tokens among a large number of people.
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