TRON has been bringing out a lot of emotions among cryptocurrency enthusiasts ever since its ICO in September 2017.
It was accused of plagiarized white paper, web experts predicted its failure.
It’s been created as an alternative to Ethereum and it claims to be more scalable and cost-effective than other solutions.
Developing a client-side application for interacting with our smart contract like fetching data from smart contract and writing data to smart contract.
Why Choose PULSEHYIP for TRON dApp Development?
Pulsehyip have been working on the Tron blockchain based dApps Development since its launch.
How Tron network is used to create Dapps?
Tron is an open-source blockchain platform so, the developers can build smart contracts and DApps.
Steps to developing DApp on Tron Blockchain:
Creating Smart Contract.
Set up TronLink for the Deployment of Smart Contract.
Deploy Smart Contract on Testnet or Mainnet.
The client-side application used to fetch the data from the smart contract as well as write the data to a smart contract.
Integrating TronLink to our application so that the users can interact with a smart contract using their accounts.
How to hire dapp game developers :
If you are planning to develop dapp game in Tron network. Then through your hesitation and ping trustworthy dapp game development company like gamesdapp. Creating dapp games on your own is a great idea but if some error occurs in a smart contract it will become a drastic error. It will directly affect the transaction process. Your games frame as an untrusted. Instead of that choose the experts to build your dapp games. They have enough knowledge to build your games. Our well-trained experts in creating dapp games with innovative designs. Reach us to know more about dapp game development.
Pulsehyip have been working on the Tron blockchain based dApps Development since its launch.
The Tron Blockchain is an ambitious project that objective to decentralize the web through Blockchain Technology.
These are the steps to developing DApp on Tron Blockchain:
Setting up TronLink for Deployment of Smart Contract.
Developing a client-side application for interacting with our smart contract like fetching data from smart contract and writing data to smart contract.
Integrating TronLink to our application so that users can interact with a smart contract using their accounts.
Forsage Clone Script is a Decentralized self-executing Smart Contract MLM Clone Script, that enables you to Start a Smart Contract based Cryptocurrency MLM project on Ethereum or Tron blockchain that operates similar to Forsage.Simply Forsage Clone Script is a 100% replica of Forsage that replicates the complete working module of the Forsage MLM Matrix project.Maticz's Forsage MLM Clone Script supports multiple matrix schemes or MLM plans and is built with a customizable smart contract so that one can customize the MLM business plans, joining & commission fee.
Once the smart contracts are defined on Tron/Ethereum Blockchain, it cannot be altered or accessed by the MLM participants.
Tron (TRX) is an Immutable blockchain platform for decentralized applications (Dapps).
Technically - TRC-10 is a technical token standard supported by the TRON blockchain natively.
This is because they are extremely easy to create on its own blockchain
Even if you have no coding knowledge like C, C++ & Java, etc…
Another Interesting reason is, TRC10 a favorite ICO token is it's free in many cases, only costing bandwidth making it a perfect initial token to gauge the interest of the investment community.
TRC10 is already used in high profile projects like BitTorrent Token (BTT), which allows faster downloads on BitTorrent, the largest decentralized file sharing protocol with over 100 million users.
If you’re new to all this cryptocurrency stuff, including smart contracts, ICOs, and TGEs (token generation events), check out our Guide to Blockchain Development to dip your toe in the water. If you find yourself wanting to learn more, look at the Ethereum Whitepaper.
If you already know what Ethereum and smart contracts are, but still have some points to clarify, then read on.
How does one make smart contracts and avoid mistakes? VironIT has experience in writing, testing, and deploying Ethereum smart contracts and its web interface. Over time we have collected questions and answers about smart contract development, so let’s dive right in!
I need pre-ICO and ICO. Should I have 1 or 2 contracts?
If the period between pre-ICO and ICO is short, it is more convenient to create a single smart contract for both pre-ICO and ICO.
If it takes more than a few months, then chances are everything will change considerably, to the point where you will have to create a new smart contract for the ICO phase.
Then the security issue must be considered. Two simple contracts are likely to be more robust than a large and complex one.
For example, project Hackspace Capital raised 18 000 ETH in September using one smart contract, and it worked perfectly for them (here is a video of an Ethereum Wallet our company recently finished for them).
Ethereum’s smart contracts are not easy to develop and are even more difficult to run and test, and the cost of failure is high.
How to update a deployed smart contract
Please note, Ethereum contracts are immutable. Once deployed to the blockchain, they cannot be updated. The only way to change the code is by destroying it altogether by the SELFDESTRUCT opcode (selfdestruct) (in solidity) and deploy everything again. Imagine how painful this could be having hundreds of backers already. You would have to mint all the tokens again, which may have a devastating impact on your online reputation and the whole ICO’s success.
How to write upgradable contracts in Solidity
To write an upgradable smart contract, you have to connect third-party libraries. However, using such contracts compromises security. This can be seen in the case with Parity, when about $150 million was locked in smart contracts delivered before 20 June 2017.
Some valuable functions to include in your Smart Contract
pause/unpause – to put on hold or resume token operations
setRate – to change token cost
mint – to charge tokens to the right address manually (for example, if you receive payment via bank transfer or in some other way)
changeOwner – to replace a contract holder
changeWallet – to replace an active wallet to receive tokens from a fallback function
How much can I raise? What are HardCap and SoftCap limits?
ICO is a limited time fundraising campaign. There are several variables that describe limits and time frames; these terms are hard cap, soft cap, and total supply.
Soft Cap is the minimum amount of funds required for the ICO to be considered successful.
Hard Cap is the maximum amount of funds raised. For example, if terms haven’t yet been reached, but the hard cap is already assembled, the company stops fundraising and project development starts.
Total supply is the total number of coins or tokens that are in existence, including those circulating in the public market and those that are locked or reserved.
Please consider the following points:
- What will happen with the unsold tokens at the stages of pre-ICO and ICO?
- What will happen if the soft cap is not achieved? How will they be refunded?
- Is it possible to issue additional tokens and, if so, on what conditions?
Should I limit token transfer?
Yes, you should. Please consider the following points:
- What is the amount of issued and mined tokens?
- Is there a limit on the release, as determined by the initial price of the tokens?
Be aware that a big player can derail the rate of your tokens on the stock exchange, buy them for next to nothing, and then resell them when the rate rebounds, so, it’s necessary to restrict the transfer of tokens in the pre-ICO / ICO and after the ICO period. But this will not resolve all the problems if you don’t make a right KYC, the process in which a business identifies and verifies the identity of its clients.
Token distribution
You should come up with a clear plan for the distribution of tokens, such as:
- 20% reserved for founders
- 15% for the purchase of data from data providers
- 60% goes on sale
- 2% for the Advisory Board
- 3% for the Bounty Program
Consider whether the distribution should be automatic or manual.
How to determine the start and end dates of pre-ICO/ICO
We advise you to avoid a fixed date for the start/finish in the smart contract. *hit happens and schedules shift.
That is why it is better to have manual control over the start and end of these events:
- Start pre-ICO / Stop pre-ICO
- Start ICO / Stop ICO
What’s the difference between utility and security tokens?
There are two types of tokens, utility tokens and security tokens.
Utility tokens drive the entire system. They allow one to develop features for the distributed ledger, access, and interaction with the system. They offer a vote in a meaningful way for free information and the possibility of exchanging opinions among token holders.
Security tokens represent a monetary investment in a startup, a share of profits, losses, assets, or liabilities. They offer status as an equity holder, creditor, or lender. Security tokens involve an expectation of profits consisting of dividends, periodic payments, and investment value. Profits are to be derived from the entrepreneurial or managerial efforts of others. Voting rights of the token holders don’t offer meaningful control over the startup.
For example, ICO Head Start uses utility token with a buyback program.
To summarize
Before working on contracts, you should consider their structure and regulation.
During contract development, you need to remember not only the typical techniques and programming issues, but also about the specifics of the blockchain. A thorough automated testing, auditing of contracts, as well as their code verification are all helpful and necessary to prevent errors from creeping into the contracts. Finish the development stage no later than 7 days before launch to give yourself enough time to ensure the code is faultless.
Whether you are a start-up or business seeking the help of an expert ICO advisor, VironIT will provide you with the means you need to take advantage of the crypto market.
Let us know if this article helped you or if you have any doubts. Please leave comments below if you have any questions.